Search Collection Agencies in Alabama

A complete list of federal laws to be followed by all collection agencies in USA are listed here: Debt collection laws

• A statute of limitations is the deadline for filing a lawsuit. In Alabama, there is generally a six-year limit for filing a lawsuit to collect a debt.
• The Alabama law covers any person or entity that is deemed a debt collector under the FDCPA.
• 75% of wages are exempt from garnishment.
• Alabama debt collection agency can collect all across the state including these cities Birmingham, Montgomery, Huntsville, Mobile, Tuscaloosa, Hoover, Dothan, Decatur, Auburn and Gasden.
• You should hire a collection agency with extensive experience of collecting in the state and a complete understanding of Alabama collection laws.
• The average Alabama resident has a credit card debt of $9300.
• The average mortgage debt in Alabama is $141,000
• Median annual household income of $48,123
• Alabama’s population is about 4,900,000
• An average college graduate is carrying about $31,000 in debt
• Per capita auto loan debt: $4,780

Selecting a Collection Agency in Alabama.

• Debt collectors should be well trained to follow Federal and Alabama debt collection laws.
• Select a collection agency that can handle both Big and Small clients.
• Should be able to do collections in English and Spanish.
• Should offer both Flat Fee and Contingency Collection Services.
• Provide an online client portal to submit new accounts and to stop the service when needed.
• Should have collection experts for your industry.
• Report debts to Credit Bureaus if requested by the client.