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

What Is Commercial Debt Collection?

Commercial debt collection involves the recovery of outstanding debts owed by one business to another (B2B). Unlike consumer debt collection, which involves individuals, commercial debt collection is focused on recovering funds from other businesses.

This process can range from friendly reminders and invoicing to formal litigation if the debtor fails to pay within a reasonable timeframe. Effective debt collection helps businesses avoid financial strain and maintain operational efficiency. However, commercial debt collection in Florida is regulated, and creditors must follow specific procedures to collect debts legally.

Corporate Debt Recovery Services For Florida Companies

Handled By A Team Of Commercial Debt Recovery Specialists

Commercial debt collection is a significant aspect of business operations in Florida, helping businesses maintain liquidity and sustain cash flow. Florida’s laws governing commercial debt collection aim to protect the rights of both creditors and debtors, ensuring that collection practices are fair and effective.

As an award-winning commercial debt collection agency, Prestige Services, Inc., is expertly-skilled and experienced in debt collection efforts for businesses. In this article, you will learn the main laws regulating commercial debt collection in Florida and explore some best practices to optimize the collection process while remaining compliant with state regulations.

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Check Laws by Cities in Ohio

Comprehensive Debt Collection Solutions For Florida Businesses

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

Corporate & Commercial Debt Recovery Services

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

Domestic & Cross-Border Debt Collection Services

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Asset & Liability Research For Debt Recovery

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

Legal Support For Commercial Debt Recovery

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Florida Laws Governing B2B Debt Collection

Commercial debt collection in Florida is governed by various laws and statutes, most notably the Florida Consumer Collection Practices Act (FCCPA), the Uniform Commercial Code (UCC), Florida’s interest rates, and the statute of limitations. Understanding these laws is essential for Prestige Services, Inc., to successfully help businesses seeking recovery of outstanding debts legally and efficiently.

Florida Consumer Collection Practices Act (FCCPA)

One of the most important Florida government entities governs collection practices for both commercial and consumer and is called the Florida Consumer Collection Practices Act (FCCPA). This entity includes Florida Statutes Section 559.55–559.785, with portions impacting commercial debt collection by prohibiting abusive, deceptive, or unfair practices in debt recovery. This includes restrictions on the frequency and nature of communication with debtors, protecting businesses from harassment.

Under FCCPA, creditors and collection agencies must avoid using threats, profane language, or misleading information. Even in B2B collections, creditors should ensure that their actions do not violate FCCPA guidelines, as doing so can lead to legal penalties.

Learn more about FCCPA.

Uniform Commercial Code (UCC)

The Uniform Commercial Code (UCC) governs commercial transactions in the United States, including Florida. Article 9 of the UCC specifically addresses secured transactions, which play a crucial role in commercial debt collection when a creditor has a security interest in the debtor’s property. UCC filings create a legal claim on the debtor’s assets, allowing the creditor to recover funds through the sale of these assets if the debtor defaults.

In Florida, commercial creditors must ensure that they follow proper UCC procedures to secure their interests in assets legally. By filing a UCC-1 form, creditors can establish their legal claim over specific assets, which can be particularly beneficial in recovering funds from debtors with valuable business property.

Learn more about UCC.

Florida Statutes on Interest Rates & Fees

Interest rates in Florida are governed by Chapter 687 of the Florida Statutes. Commercial creditors should be aware of statutory limits on interest rates to avoid charging excessive or illegal interest on overdue accounts. Florida allows parties to agree on interest rates within contracts, but if no rate is specified, the default legal interest rate is applied. The default statutory interest rate in Florida changes periodically and is set by the Chief Financial Officer of the state.

In commercial debt collection, creditors are permitted to charge late fees and collection costs if the terms are included in the original contract. Transparent and detailed contracts are essential to ensure that all fees and interest rates are enforceable. While fees are common in business contracts, Prestige Services, Inc., institutes a “no collection, no fee” performance-based fee structure—we only charge contingency fees upon successful debt collection.

Florida Statute of Limitations on Debt Collection

The statute of limitations on commercial debt in Florida is five years for written contracts and four years for oral contracts. Creditors must be aware of this timeline, as any attempts to collect debts after this period could be legally contested by the debtor.

The statute of limitations begins on the date of the last payment or the date of default, whichever is later. It’s essential to act promptly and document all communication and payments to maintain the enforceability of the debt.

Florida Collection Best Practices

To enhance the effectiveness of debt recovery while remaining compliant with Florida law, businesses can implement several best practices for commercial debt collection.

  1. Documentation & Record Keeping Maintaining accurate records of all transactions, communications, and payments is crucial. Each account should include details on invoices, payment terms, communications with the debtor, and any follow-ups or reminders. If the debt eventually needs to be taken to court, this documentation will be essential evidence supporting the creditor’s case. Proper record-keeping also ensures that debt collection practices are transparent and can be audited if necessary.
  2. Communication Protocols Open, professional communication with debtors is essential to maintain positive business relationships. Regular, polite reminders about outstanding debts can often prompt payment without the need for aggressive collection actions. It’s advisable to maintain a structured communication protocol that respects FCCPA guidelines and ensures all interactions are documented. Written communications, whether email or letters, should be courteous, direct, and free from any language that could be perceived as harassment or coercion.
  3. Compliance with State Laws Compliance with Florida’s debt collection laws is crucial for businesses to avoid legal issues. Ensuring that collection practices align with the FCCPA, UCC, and Florida statutes is essential, especially when working with a collection agency. Familiarity with legal requirements—such as interest rates, acceptable fees, and statute of limitations—is necessary for effective and lawful debt recovery. Any deviation from these regulations could result in penalties, weakening the creditor’s position.

Strategic Debt Recovery Solutions For Florida Businesses

Quick And Effective Account Placement

Streamlined Account Placement


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Debt Recovery Agency With Proven Results

Proven Recovery Performance


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Custom B2B Debt Collection Strategies

Customized Collection Approaches


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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 Support & Legal Referrals


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Full Legal Assistance For Creditors

Legal Assistance For Business Creditors


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Post-Judgment Enforcement Services For Secured Collections In Delaware

Post-Judgment Collection & Enforcement


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BBB A+ Accredited With A Record Of Consistent Results

Access To Business Credit Reporting Resources

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Access To Business Credit Reports
Long History Of Debt Recovery Success

Established Commercial Debt Recovery Results

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Licensed & Bonded For Business Protection

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Fully Licensed And Bonded Commercial Collections

Why Florida Businesses Trust Our Debt Recovery Solutions

Secure 24/7 Access To The Client Portal

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BBB Accreditation With Proven Recovery Results

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Free Demand Letters To Support Collections

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In-House Legal Support Dedicated To Debt Recovery

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Our Clients’ Testimonials

5-Star Rated Commercial Collection Agency In Florida

“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 | ★★★★★

Important Documents For Successful Commercial Debt Recovery

Executed Credit Applications & Agreements


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Contracts, Purchase Orders & Delivery Records


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Debtor Communications & Payment Records


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Personal Guarantees & Security Agreements


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NE 68028

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FAQs About Our Commercial Collections Agency

How Long Does The Commercial Debt Recovery Process Typically Take?

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Is There A Minimum Balance Required For Commercial Collection Services?

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Can A Commercial Collection Agency Recover Debts From International Clients?

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How Do Commercial Debt Collection Services Improve Business Cash Flow?

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Can Legal Action Be Taken If Collection Efforts Are Unsuccessful?

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How Do You Communicate With Debtors During The Collection Process?

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Read Our Blog & Learn More About Commercial Collections


Summary Of Florida Collection Laws*

INTEREST RATE
Legal: 10% – Judgment 10% or contractual

STATUTE OF LIMITATIONS (IN YEARS)
Open Acct: 4 – Written Contract 5 – Domestic Judgment 7 Renewable – Foreign Judgment Sit not recorded in-state

BAD CHECK LAWS (CIVIL PENALTY)
After 30 day demand-treble amount in addition to amount owed, bank & court costs & reasonable attorney fees.

GENERAL GARNISHMENT EXEMPTIONS
See federal law except 100% head of household. – Liberal Homestead Exemption – 1st $1,000 of automobile.

COLLECTION AGENCY BOND & LICENSE
Bond: Yes – $50,000 (Commercial) – License: Yes – Fee: Yes – $200 – Registration / $50 – Investigation $200 – Renewal

* 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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