Collection Agencies in Maryland

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List of collection agencies in Maryland
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• • Access Receivables Management : Hunt Valley
  • National Association of Credit Management (NACM) : Columbia
  • Resolution Financial Service (RFCS) : Bethesda
  • Judgment Recovery Center of Maryland (JRCM) : Towson
  • Judgement Collection Services Inc : Rockville
  • Alacrity Collections : Annapolis
  • CMD Account Management Inc : Baltimore
  • R&R Professional Recovery Inc : Pikesville
  • Administrative Services Inc (dba ASIWorks, Inc) : Hyattsville
  • Bluestone Law International : Bethesda
  • Fair Collections & Outsourcing (FCO) : Beltsville
  • R.A. Rogers Inc : Crofton
  • Global Credit Network : Gaithersburg
  • Tri-County Service Bureau : Hollywood
  • Jack Harris : Lanham
  • Peroutka, Miller, Klima & Peters, P.A. : Pasadena
  • Bay Area Receivables : Salisbury
  • Delmarva Collections : Salisbury
  • Creditor Claims of America Inc (CCAI) : Silver Spring
  • Bloom & Associates PA : Towson
  • Omni Credit Management Inc (OCM) : West Friendship

Debt Collection Laws in Maryland

Here are some relevant federal and state laws that were in effect as of 2021:

1. Fair Debt Collection Practices Act (FDCPA): This federal law protects consumers from abusive, deceptive, or unfair debt collection practices. It sets limitations on when and how debt collectors can contact consumers and gives consumers the right to dispute debts and obtain information about the debts.
2. Fair Credit Reporting Act (FCRA): Another federal law, the FCRA regulates the collection and use of consumer credit information. It provides consumers the right to access their credit reports and to dispute any inaccuracies.
3. Maryland Consumer Debt Collection Act (MCDCA): This state law offers protections that are similar to the FDCPA but extends some of those protections to creditors collecting their own debts in addition to third-party debt collectors. It prohibits debt collectors from engaging in deceptive, harassing, or unfair practices when attempting to collect a debt.
4. Statute of Limitations in Maryland: In Maryland, there is a time limit for when creditors can sue consumers for unpaid debts. As of 2021, the statute of limitations for written contracts, including most consumer debts, was three years. This period begins from the date of the last activity on the account or the date of default.
5. Maryland Garnishment Laws: If a creditor obtains a court judgment against a debtor in Maryland, they can garnish the debtor’s wages or bank accounts. Maryland law limits the amount that can be garnished to the lesser of 25% of the debtor’s disposable earnings or the amount by which the debtor’s weekly disposable earnings exceed 30 times the federal minimum wage.
6. Exemptions in Maryland: Maryland has laws that protect certain types of property from being taken by creditors to satisfy a debt judgment. These include a homestead exemption, personal property exemptions, and exemptions for certain types of income and benefits.
7. Licensing Requirements: Collection agencies operating in Maryland must be licensed by the Maryland Department of Labor, Licensing, and Regulation.
8. Notification Requirements: Debt collectors in Maryland must provide a written notice containing information about the debt, the name of the creditor, and informing the consumer of their right to dispute the debt within five days of the initial communication.

Please make sure to verify the most current legal information or consult an attorney or legal advisor with expertise in debt collection laws in Maryland for the most up-to-date details on debt collection laws in the state.