Jan 31, 2024

Commercial Debt Collection in Hackensack

Located in the northeastern region of New Jersey is Hackensack, a city of approximately 46,000 residents and which stands as a testament to the resilience and adaptability of a city that has witnessed centuries of transformation. With a rich history dating back to the pre-colonial era, Hackensack has evolved from a Native American settlement to a bustling urban center, now offering a unique blend of historical charm and modern vibrancy.

Hackensack Commercial Debt Collection Laws

New Jersey has a variety of commercial debt collection laws to help businesses navigate the challenges of commercial debt. The legal interest rates are up to 30 percent (as provided for by the specified contract), while judgment interest rates change yearly.

Hackensack’s statute of limitations include:

  • Open Accounts: 6 years
  • Sale of Goods: 4 years
  • Written Contracts: 6 years
  • Domestic Judgments: 20 years
  • Foreign Judgments: 20 years


For additional details about commercial debt collection laws in Hackensack or the state as a whole, visit our New Jersey Collection Laws page.


History of Hackensack

Hackensack’s history is deeply rooted in the indigenous Lenni Lenape people, who were also known to settlers as “the Delaware Indians.” The Dutch were among the first Europeans to establish a presence in the area during the 17th century, leaving an indelible mark on the city’s culture and architecture. The name “Hackensack” itself is believed to have Native American origins, adding to the city’s historical significance.

During the American Revolution, Hackensack played a crucial role as General George Washington and his troops traversed the region. The city’s strategic location made it a vital point for military operations, leaving behind a legacy of historical landmarks and sites that continue to attract history enthusiasts.

Today’s Culture & Education

Hackensack’s cultural landscape is a vibrant tapestry woven with threads from diverse backgrounds. The city has become a melting pot of cultures, with a significant influx of immigrants over the years contributing to its eclectic atmosphere. From its diverse culinary scene, offering an array of international cuisines, to cultural festivals celebrating various traditions, Hackensack is a microcosm of the global community.

The city is home to the Hackensack University Medical Center, one of the largest and most prestigious healthcare facilities in the region. The medical center serves as a major employer and contributes significantly to the local economy. In addition to healthcare, Hackensack is home to educational institutions that cater to a range of academic pursuits, fostering a culture of learning and innovation.

Hackensack Economy

In recent years, Hackensack has undergone a period of economic revitalization, with efforts focused on enhancing the city’s infrastructure, attracting businesses, and fostering a welcoming environment for residents and visitors alike. The Main Street Business Alliance, for example, has played a crucial role in promoting local businesses and creating a sense of community pride.

Hackensack, New Jersey, is a city that encapsulates the essence of American history, cultural diversity, and economic resilience. From its roots in Native American history to its present-day status as a dynamic urban center, Hackensack continues to evolve while preserving the threads of its rich tapestry. The city stands as a testament to the spirit of adaptability, community pride, and the ongoing journey of growth and progress.

Contact Prestige Services, Inc.

Prestige Services, Inc., has been chosen for the 5th consecutive year as the 2024 Best Commercial Agency by and Business News Daily. We’ve also been awarded the best agency for low invoice amounts by Investopedia, and best agency for commercial accounts by Quicksprout.

For a rundown of the different kinds of work we do for our clients, visit our Services page.

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 »

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