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Michigan Commercial Collection Agency

Trusted Michigan Commercial Collection Agency For B2B Debt Recovery Services

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Altus Receivables Management
  • 2025 – Celebrating Over 20 Years of BBB Accreditation!
  • Ranked Best B2B Commercial Collection Agency by Business.com & BusinessNewsDaily.com (2020-2026)
  • Ranked Best Collection Agency by Investopedia (2023-2024)

Commercial Debt Recovery Services For Michigan Clients

Backed By Experienced Michigan Debt Collection Experts

In Michigan and other U.S. states, officials are elected to manage the state’s finances, including annual revenues and other expenditures. Depending on its population’s performance, the Michigan budget can be complex and contain many different levels. If Michigan’s revenue and spending aren’t kept in stride with expenditures, officials might have to borrow money, raise taxes, and/or cut services in order to avoid high state debt and improve the credit rating. This page is dedicated to present Michigan’s budget data and debt collection laws.

According to BallotPedia.org, total government spending in Michigan increased 8.4% to $53.9 billion in 2015, from $49.3 billion in 2014, with per capita spending at almost $5,500. Michigan’s spending in 2015 included $31.2 billion in state funds and $22.6 billion in federal funds. State debt in 2012 had a growth to $142.6 billion and a per capita debt of $14,400. Since 2004, Michigan’s credit rating has slowly dropped its score: from an AA+ score in 2004, it fell to AA from 2005–2006, then to AA- from 2007–2014. (BallotPedia.org)

In 2013, the median annual household income in Nevada was $49,204, the lowest when compared to surrounding states. Most residents in Nevada earned at least 400 percent of the federal poverty level. The unemployment rate during this time was 7.3 percent, 1.4 points higher than the national average. (Ballotpedia.org)

There are many factors of Michigan’s economy and budget performance. To maintain a strong economy, Michigan has implemented several tax and collection laws; such as legal/judgment interest rates, statute of limitations, bad check laws, and collection agency bond and licenses. Michigan has also instituted its own rules similar to the federal Fair Debt Collection Practices Act. The state has a licensing statute that requires the debt collector to be licensed to collect in Michigan and prohibits misleading or deceptive communications, misrepresentations, simulated legal processes, unlawful threats, and other harassing tactics to debtors (ProtectingConsumerRights.com). For more information on Michigan laws, see our summary below.

Check Laws by Cities in Michigan

Commercial Debt Collection Services Across Michigan

IACC: International Association of Commercial Collections, Inc CLLA: Commercial Law League Of America Certified Commercial Collection Agency

Corporate & Commercial Debt Recovery

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Corporate And Commercial Debt Recovery In Ohio
International Debt Collection In Ohio

Nationwide & International Debt Collection

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Asset & Liability Investigation Services

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Asset and Liability Investigations for Debt Recovery in Ohio
Legal Asisstance In Ohio

Legal Support For Debt Recovery Actions

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Strategic Debt Recovery Support For Michigan Clients

Quick And Effective Account Placement

Simple Account Placement Process


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Debt Recovery Agency With Proven Results

Proven Recovery Results


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Custom B2B Debt Collection Strategies

Customized Collection Strategies


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Expert Skip Tracing Solutions for Hard-to-Find Debtors

Advanced Skip Tracing Services


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Attorney Referrals For Litigation Procedures In Ohio

Litigation Referral Support


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Full Legal Assistance For Creditors

Legal Assistance For Creditors


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Post-Judgment Enforcement Services For Secured Collections In Delaware

Post-Judgment Recovery Services


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BBB A+ Accredited With A Record Of Success

Fast Access To Business Credit Reports

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Access To Business Credit Reports
Long History Of Debt Recovery Success

Strong Performance In Debt Recovery

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Licensed & Bonded Collection Agency

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Fully Licensed And Bonded Commercial Collections

Why Clients Across Michigan Choose Our Collection Services

Secure 24/7 Client Portal Access

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BBB Accredited With Proven Results

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Free Demand Letters For Debtors

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Dedicated In-House Legal Support

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Our Clients’ Testimonials

5-Star Rated Michigan Commercial Collection Agency

“PSI is professional, communicative, and fair. They have helped us collect on past due accounts that were non-responsive to us. Fred Casey is great to work with.”

Samantha Murphy | ★★★★★

“Our company has used PSI for a number of years now. While it isn’t often we need to send someone to collections, it’s a dire situation when we do and PSI does a fabulous job. They just recently successfully collected more than $35k from one of our customers without taking them to court(…)”

Alyssa Pfeiffer | ★★★★★

“Great to work with! Patient and diligent with a difficult–sometimes contentious–situation. Responsive and professional all around. PSI is our go-to for collecting on long unpaid invoices.”

Christopher Bezek | ★★★★★

“We would recommend using Tangie Zymola at PSI. Sadly, situations sometimes require expert help in collections. Tangie helped with the process of getting our customer transferred into their system and was a great conduit of information. PSI was an efficient organization and helped us collect on our debt! Much appreciated and would highly recommend.”

Chantell Tibbets | ★★★★★

“We had never used a collection service before, Fred Casey was incredibly helpful and informative. Once our account was placed the debt was received in full within 15 days. So pleased with the entire process.”

Camren Berry | ★★★★★

“On behalf of Astrodyne TDI, we are very impressed with the results and services provided by PSI. The collection result was positive, and information was available throughout the process (step by step) (…)”

Geovanna Castillo | ★★★★★

“The service provided by Altus is personalized and efficient. Brian and his team go over and beyond to provide their services in a professional and efficient way. Their communication and portal make it very easy to track the status of each placement. Altus is a wonderful company to partner with.”

Ryan Jarrell | ★★★★★

“PSI has been a great partner for us. The team is responsive, has a reasonable fee structure, and is helpful in facilitating what can be a challenging but necessary service when running a business.”

Kristin Kirk | ★★★★★

“Prestige Services did a great job collecting from a tough customer that we had already tried everything we could think of but got nowhere. Thank you!”

John Nobrega | ★★★★★

“I’ve really enjoyed working with Prestige. Their people are friendly, super responsive, and very effective. Tangie is the best!”

Andrew Randazzo | ★★★★★

“Fred Casey is the best! Very responsive and great with follow up!”

Susan Worosila Fuchs | ★★★★★

“Fred is fantastic to work with! Grateful for his excellent support.”

Danielle Dewey | ★★★★★

“Brian is always amazing, and has helped us recover a lot of delinquent invoices!”

Alyssa Campbell | ★★★★★

“Highly professional. Communication was great throughout the processes and delivered on all services promised. Would highly recommend.”

Josh Floan | ★★★★★

“EASY EASY AND GOOD RATES 25% not a problem when you have been waiting months for payment. Took me 10 mins to start an account, was emailed almost immediately, called them once and they answered quickly. Recovered my money (DONE)”

Union Fire Store (UFS) | ★★★★★

“If you have any headache from the past-due, you should talk to Tangie at PSI. Clear pictures will come”

Tommy Park | ★★★★★

“Joy and Tangie ARE THE BEST!! very professional!! very helpful and extremely knowledgeable”

Dameon Bissant | ★★★★★

“Quick, efficient collection services. Recommend highly!”

Jess Barker | ★★★★★

“Great company to work with. Friendly staff. They do a good job in taking care of customer needs. Thanks to PSI!”

Clark Welding | ★★★★★

“Fast, clear and professional.”

Mangala Karunaratne | ★★★★★

Required Documents For Commercial Debt Collection In Michigan

Credit Applications & Signed Agreements


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Contracts, Invoices & Delivery Proof


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Records Of Communication With Debtors


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Personal Guarantees & Security Documents


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NE 68028

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FAQs About Our Commercial Collections Agency

How Long Does The Debt Recovery Process Take?

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Can A Commercial Collection Agency Recover Debt From International Debtors?

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What Types Of Debt Can A Commercial Collection Agency Handle?

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How Can Commercial Debt Collection Help Improve Cash Flow?

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What Documents Are Needed To Begin The Collection Process?

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Is There A Minimum Balance Required For Collection Services?

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Read Our Blog & Learn More About Commercial Collections


Summary Of Michigan Collection Laws*

INTEREST RATE
Legal: 5% – Judgment 6.953 changes semi-annually – Usury limit 25%

STATUTE OF LIMITATIONS (IN YEARS)
Open Acct: 6 – Written Contract 6 – Sales (UCC) Contract 4 – Domestic Judgment 10 renewable – Foreign Judgment 10

BAD CHECK LAWS (CIVIL PENALTY)
Twice the amount of check – not to exceed $500. Retail Claims – Notice Requirements.

GENERAL GARNISHMENT EXEMPTIONS
See federal law.

COLLECTION AGENCY BOND & LICENSE
Bond: $5,000 – $50,000 – License: Yes – Fee: $150 – Investigation $225 – Initial $125- Annually

* 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.

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