Maryland Commercial Collection Agency
Prestige Services, Inc (PSI) is a professional commercial collection agency specializing in the collection of delinquent accounts throughout the entire United States. In addition to featuring great rates and a commitment toward getting results, we offer a “No Collection, No Fee” stance that guarantees we get the job done for you via all available options.
We exclusively handle commercial collection accounts (Business to Business Collections), thus ensuring that our full efforts are focused on delivering the company funds you need. Our collection agency’s time-tested expertise in working with delinquent commercial accounts has made us one of the leading debt collection agencies in the nation. We exhaust all possible efforts, utilizing the most extensive databases of information and taking legal action when necessary. As well as being familiar with the legalities and procedures of debt collection, our highly trained staff is exceptionally knowledgeable regarding the formalities and laws specific to each State.
When you choose Prestige Services to handle your commercial debt collection accounts, you are selecting a collection agency with experience and a proven ability to get the results your company deserves. Contact a knowledgeable representative from Prestige Services today and begin the process of recovering your commercial delinquent accounts.
SUMMARY OF MARYLAND COLLECTION LAWS*
Legal: 6% – Judgment 10% or contractual
STATUTE OF LIMITATIONS (IN YEARS)
Open Acct: 3 – UCC:4 – Specialty: 12 (contract under seal) – Written Contract 3 – Domestic Judgment 12 – Foreign Judgment 12
BAD CHECK LAWS (CIVIL PENALTY)
After 30 day written notice, amount due, $25 fee, twice check amount up to $1000. (At the discretion of the court.) Applies to COD sales only.
GENERAL GARNISHMENT EXEMPTIONS
Greater of 75% of amount to $145 x no. of wks. in which wages due were earned, except in Caroline, Worchester, Kent & Queen Anne’s Counties, see federal law. Exemption is up to $3,000 in cash and/or property.
COLLECTION AGENCY BOND & LICENSE
Bond: $5,000 each office – License: Yes – Fee: $150 each office
* 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.