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Delaware Commercial Collection Agency

For people living within Delaware, laws and statutes of limitations are maintained to protect debtors and to ensure the debt collection process is smooth and lawful. Our goal at Prestige Services, Inc., is to provide Delaware residents and other interested individuals with a collection of informative collection law and economy statistics within the state. This information includes: statute of limitations, interest rates, collection agency bond/license data, and state debt and spending factors.

From 2004 to 2014, Delaware has maintained the highest available credit rating score of AAA. This rating takes into account Delaware’s ability to pay debts, and the general performance and health of the state’s economy. This credit rating also might be influenced by the fluctuation of Delaware’s population (935,900 in 2014 to 897,900 in 2016), the state’s spending budget, and overall state debt. In 2012, the state debt was almost $16 billion, with a per capita debt of $17,400 and ranking of 17. (BallotPedia.org)

Like with many other U.S. states, Delaware has a Fair Debt Collection Practices Act, set in place to require mercantile or collection agencies to obtain licenses to investigate financial or credit ratings, or collect commercial accounts for creditors (Fair-Debt-Collection.com). The only way past this law is for attorneys-at-law, who have to obtain licenses in order to practice in Delaware. Whether it’s staying up-to-date on collection licenses, industry news, or Delaware economy, Prestige Services, Inc., works to ensure quality debt collection for both debtors and creditors.

SUMMARY OF DELAWARE COLLECTION LAWS*


INTEREST RATE

Legal + Judgment -Federal Reserve Discount Rate Plus 5% Points

STATUTE OF LIMITATIONS (IN YEARS)
Sale of Goods: 4 – Open Acct.: 4 – Written Contract 3 – Domestic Judgment No provision – Foreign Judgment No provision

BAD CHECK LAWS (CIVIL PENALTY)
Amount due, cost of suit, protest tees

GENERAL GARNISHMENT EXEMPTIONS
85% of disposable earnings or disposable earnings minus 127.50 weekly according to schedule.

COLLECTION AGENCY BOND & LICENSE
Bond: No – License: Merc. License – Fee: $50 Yearly

* 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 »