Nov 26, 2019

Commercial Debt Collection in Des Moines

As the capital of Iowa, Des Moines currently is Iowa’s most populated city and covers more than 90 square miles. As of 2018, the city has a metropolitan area of more than 650,000. The Iowa capital is also considered to be one of the most important cities with politics because of it’s the first caucuses of the United States presidential primary cycle (

Corporate Life

In the corporate world, Des Moines has drawn in several large corporations in a variety of industries. For several years, the city has been credited as one of the top spots for health and financial insurance companies. Des Moines is also the home for major corporations including with Wells Fargo, Voya Financial, ACE Limited, Microsoft, Hewlett Packard, and Facebook. Several of the larger tech companies have built data-processing, logistics and other business facilities in the capital. In the last 10 years, Des Moines has been called the wealthiest city in the US and “best place for business” (

Commercial Debt Laws

Unlike in several cities around the US, Des Moines has a considerable amount of transparency on their commercial debt collection laws. For consumer debt collection practices, collection agencies must adhere to the guidelines of the federal Fair Debt Collection Practices Act (FDCPA) to ensure they treat with respect any consumers that owe debt to creditors. But the FDCPA doesn’t work with commercial debt collection. As a result, many states and cities must create their own list of business debt collection guidelines.

In Des Moines and Iowa, the business debt collection statute of limitations is 5 years for oral contracts, 10 years for written contracts and judgments, and up to 20 years for foreign judgments. If a debtor attempts to pay a debt with a bad check, the laws in Iowa state that service surcharges must not exceed $30 and not be assessed unless the debtor clearly posts notice in advance of payment due date. If a debtor simply stops making payments toward a debt, the surcharge will not be assessed against the debtor.

For more information on commercial debt collection laws in Iowa, visit our summary page. Prestige Services, Inc., is a leading commercial collection agency that provides debt collection services all over the United States and with outstanding results. To contact us for debt collection services, call us at (800) 523-2797 or by contact form.


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