Collection Agencies in Missouri

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List of collection agencies in Missouri

• • Client Services : St. Charles
  • Credit Control : Hazelwood
  • Account Resolution Corporation (ARC) : Chesterfield
  • Partners Financial Services Inc : Fenton
  • Executive Financial Consultants (EFC) : North Kansas City, Missouri
  • United Credit and Collections (UCC) : St Charles
  • Northwest Financial Services : St. Joseph
  • Rosenthal Morgan and Thomas (RMT) : St Louis
  • Regional Credit Services (RCS) : Washington
  • Springfield

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Debt Collection Laws in Missouri

1. Fair Debt Collection Practices Act (FDCPA): Like all states, Missouri is governed by the federal FDCPA, which restricts the behavior and actions of third-party debt collectors. The FDCPA prohibits debt collectors from using abusive, unfair, or deceptive practices to collect debts from consumers.
2. Missouri Merchandising Practices Act (MMPA): In addition to the FDCPA, Missouri has its own laws that govern debt collection practices. The MMPA protects consumers from unfair or deceptive business practices, including unfair debt collection practices.
3. Collection Agency Licensing: Collection agencies operating in Missouri must be registered and licensed by the Division of Finance.
4. Statute of Limitations: Missouri has a statute of limitations on how long a creditor or collection agency can sue to collect a debt. As of my last knowledge update, the statute of limitations for written contracts and open accounts (such as credit cards) in Missouri was generally five years.
5. Communication Restrictions: Like the FDCPA, Missouri law places restrictions on when and how often a debt collector can contact a debtor. For example, they usually cannot call before 8 a.m. or after 9 p.m., and they must stop contacting a debtor if the debtor provides written notice that they wish the communication to cease.
6. Garnishment: If a creditor obtains a court judgment against a debtor, they can attempt to garnish wages or bank accounts in Missouri. However, there are limits on how much can be garnished, based on federal law and certain state-specific exemptions.
7. Exemptions: Missouri law provides for certain exemptions, which include protections for certain property from being seized by creditors to satisfy a judgment.
8. Debt Validation: Under both federal and Missouri state law, consumers have the right to request validation of the debt. This means that the debt collector must prove that the consumer actually owes the debt and that the amount is correct.
9. Harassment and Misrepresentation: Both federal and state laws prohibit debt collectors from harassing, oppressing, or abusing any person in connection with the collection of a debt. Additionally, using false, deceptive, or misleading representations in connection with the collection of any debt is prohibited.
10. Penalties for Violations: If a debt collector violates the FDCPA or Missouri’s debt collection laws, consumers may have the right to sue the collector for damages.

As laws and regulations are subject to change, it’s a good practice to consult with an attorney who specializes in debt collection laws in Missouri or check the most recent legal sources for the latest information.

In Missouri, only one-party consent is sufficient to record a phone call. A debt collector cannot harass a debtor by calling him multiple times.

Missouri does not regulate collection agencies; however, these companies do need to comply with the Federal Fair Debt Collection Practices Act. The federal FDCPA laws protect consumers from potential unfair, deceptive, abusive and oppressive conduct of debt collectors.