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Collecting debt in the state of Florida can often be an uphill battle if you go it alone. Working with a collection agency that knows Florida collection laws can go a long way toward improving your chances of a successful debt recovery.
In order to boost your chances of collecting unpaid debts, you’ll want to contact a qualified debt collection agency immediately once you have doubts about an account. Time isn’t on your side when collecting in Florida; it’s important to work with debt collectors who will go to work for you immediately.
It’s important to choose a collection agency that can offer you personalized attention and care. Summit AR is a great choice for Florida accounts receivable. We service every major city in Florida, including Jacksonville, Miami, Tampa, Saint Petersburg, Hialeah, Orlando, Fort Lauderdale, Tallahassee, Hollywood, and Pembroke Pines.
Florida Collection Laws Interest Rate
| Legal: | 10% |
| Judgment: | 10% or up to 18% contractual |
Florida Collection Laws Statute Of Limitations
| Open Account: | 4 years |
| Written Contract: | 5 years |
| Domestic Judgment: | 7 years renewable |
| Foreign Judgment: | 5 years |
Florida Collection Laws Bad Check Laws (NSF) (Civil Penalty)
| After 30 day demand-treble amount in addition to amount owed, bank & court costs & reasonable attorney fees |
Florida Collection Laws General Garnishment Exemptions
| See federal law except: 100% head of household. |
Florida Collection Laws Collection Agency Bond & Licensing Rules
| Bond: | $50,000 (commercial) |
| License: | Yes |
| Fee: | $200 registration, $50 investigation |
If you’re looking for a collection agency that knows Florida, contact Summit AR today for fast, friendly, and effective results.
Disclaimer: While we strive to keep our state resource data accurate and up-to-date, the information contained on this page is provided without any warranty (expressed or implied), and should not be considered legal advice. We assume no liability for its use.
Convert more aged receivables into bottom-line revenue.
Our experienced collections specialists provide the best of both worlds: collection rates up to double the industry average, but with a delicate touch to protect your company’s relationships and good name. Schedule a free no-obligation consultation and learn how Summit A•R can put your balance sheets back in the black.
