Jun 19, 2023

Commercial Debt Collection Laws in Pensacola

Located on the Gulf Coast of Florida is Pensacola, which is known for its stunning beaches, rich maritime heritage, and vibrant downtown. Pensacola is home to more than 500,000 residents and offers a unique experience that caters to both history buffs and beach enthusiasts.

Commercial Debt Collection Laws

For struggling businesses in Pensacola, Florida, there are several distinct commercial debt collection laws in place to help understand the legal process associated with commercial debt. The Statute of Limitations laws include:

  • Open Accounts: 4 years
  • Written Contracts: 5 years
  • Domestic Judgments: 7 years (renewable)


Commercial collection agencies must have licenses and include fees for registrations and investigations, and there is a bond law in place for $50,000. In addition, both the Legal and Judgment interest rate in Port St. Lucie is 10 percent.

History of Pensacola

The original inhabitants of the Pensacola area were Native American people who spoke Muskogean language who were known by the Spanish as “the Pensacola.” The earliest time period of this tribe is 1677, where they were also referred to as “creek people.”

From the 17th to 19th centuries, the Pensacola area was managed by the Spanish, British, and finally the United States. The city is home to one of the oldest European settlements in the US and it showcases its history through well-preserved landmarks and museums.

The Pensacola Historic District, with its colonial architecture and brick streets, takes visitors on a journey back in time. The National Naval Aviation Museum, one of the city’s crown jewels, celebrates Pensacola’s deep connection to naval aviation and showcases a vast collection of aircraft and exhibits.

Pensacola Ecology & Culture

One of the highlights of Pensacola is its pristine coastline. With its sugar-white sands and crystal-clear emerald waters, the beaches of Pensacola are a true paradise. From the popular Pensacola Beach to the quieter stretches of Perdido Key, visitors can soak up the sun, indulge in water sports, or simply relax in the tranquil ambiance.

Pensacola’s vibrant downtown area, known as the “Palafox Historic District,” is a lively hub of culture, entertainment, and culinary delights. Palafox Street, the district’s main artery, is lined with charming boutiques, art galleries, and a diverse array of restaurants and cafes. The area comes alive during the monthly Gallery Night, where locals and visitors can immerse themselves in the city’s thriving arts scene, featuring live music, street performances, and art displays.

Moreover, Pensacola hosts a wide range of events and festivals throughout the year, further enhancing its cultural appeal. From the Pensacola Seafood Festival to the Pensacola Crawfish Festival, these lively gatherings showcase the city’s culinary prowess and provide a platform for local artisans and musicians to shine.

City Economy

In recent years, Pensacola has drawn more support from the military and tourism sects. It is often referred to as “The Cradle of Naval Aviation” and offers some of the best naval aviation training courses. The city is also home to several annual festivals, historic tours and events, and has incorporated tourism as one of its main sources of revenue.

Top employers include:

  1. Navy Federal Credit Union: 7,700 employees
  2. Baptist Health Care: 6,600
  3. Sacred Heart Health Systems: 4,800
  4. Florida Power And Light: 1,700
  5. West Florida Healthcare: 1,200
  6. Ascend Performance Materials: 800
  7. Alorica: 800
  8. Innisfree Hotels: 700
  9. Santa Rosa Medical Center: 500
  10. Medical Center Clinic: 500


Contact Prestige Services, Inc.

If you’re looking for help with commercial debt collection, contact Prestige Services, Inc., for award-winning services and form templates. We also provide free final notice forms and other information for users.

For more information on commercial debt collection laws in Florida, please visit our Florida Law Summary page. You can also check collection laws in other cities in Florida.

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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