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Alabama Commercial Collection Agency

All states in the United States, including Alabama, have statutes of limitations and other laws that set deadlines for filing lawsuits and other civil actions (FindLaw.com). This page is dedicated to providing information on Alabama, including: state economy, interest rate, statute of limitations, bad check laws, and other collection laws. All information is provided by the most up-to-date studies and other resources, in order to maintain clarification of Alabama’s most recent economy and debt-related statistics.

According to the United States Census Bureau, the Alabama population is at an incredible 4.8 million people. In 2012, Alabama had a state debt of $68 billion and the state debt per capita was $14,173. This is based on outstanding government debt, unfunded other post-employment benefit, liabilities, outstanding unemployment trust fund loans. In 2015, Alabama was ranked the 15th worst country in “taxpayer burden,” a term used to describe the amount each taxpayer would have to send to their state’s treasury in order for the state to be debt free. With more than $17 billion in unfunded and promised retirement benefits, the expected taxpayer burden in Alabama is $13,400. (Ballotpedia.org)

Alabama’s 2012 per capita debt ranking was 26: as this ranking persists or changes, the state needs quality debt collection agencies to ensure creditor companies receive the attention they deserve, and that debtors are held accountable for their financial actions. Prestige Services, Inc. (PSI) works to ensure quality debt collection that works within Alabama’s collection laws whether that means staying up to date on collection licenses, industry news, and economy data within the state.

SUMMARY OF ALABAMA COLLECTION LAWS*

INTEREST RATE
Legal: 6% – Judgment 12%

STATUTE OF LIMITATIONS (IN YEARS)
Open Acct: 3 – Written contract 6 – Domestic Judgment 20 – Foreign Judgment 20

BAD CHECK LAWS (CIVIL PENALTY)
Actual Bank charges

GENERAL GARNISHMENT EXEMPTIONS
75% of wages are exempt from garnishment

COLLECTION AGENCY BOND & LICENSE
Bond: No – License: No – Fee: $25 if the Population is under 20,000 or $100 if the Population is over 20,000

* These are not comprehensive statutes and therefore PSICollect.com and Prestige Services, Inc. disclaims any liability resulting from reliance by any party upon the legality and accuracy of the contents thereof.

Below is a list of the states in the US that we cover.
We are a nationwide operation and service all states, as well as Canada & Mexico.

Alabama
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Washington
West Virginia
Wisconsin
Wyoming
Puerto Rico

We are an international collection agency and service the entire U.S. as well as foreign countries. In addition, we represent clients from any country outside the U.S. Let us know how we can help you today! Contact us here »