Collection Agencies in New Jersey

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List of collection agencies in New Jersey.

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• • First Credit Services dba Accounts Receivable Technologies: Piscataway
  • Bottomline Consulting Service : Pompton Plains
  • Chase Receivables : Fairfield
  • AMS Collections : Fair Lawn
  • GB Collects : Voorhees Township
  • New Century Financial Services (NCFS) : Whippany
  • MRS BPO LLC : Cherry Hill
  • Savit Collection Agency :  East Brunswick
  • Healthcare Collection Specialists (HCS) : Waldwick
  • Quality Asset Recovery (QAR) : Gibbsboro
  • University Management Associates & Consultants Corp (UMAC) : Hackettstown
  • Grimley Financial Corporation : Haddonfield
  • SRA Associates : Hi-Nella
  • Financial Recoveries : Mount Laurel
  • Rickart Collection Systems (RCS) : North Brunswick Township
  • Account Control Systems (ACS) :  Montvale
  • Amalgamated Financial Group (AFG) : Old Bridge
  • Bureau of Accounts Control (BAC) : Howell
  • Remex Inc : Princeton
  • The Notte Agency Inc : Red Bank
  • Certified Credit & Collection Bureau : Branchburg
  • Heritage Financial Recovery Services (HFRS) : Upper Saddle River
  • Medical Practice Management Associates Inc (MPMA) : Vineland
  • Williams Alexander & Associates (WAA) : Wayne
  • Capital Collection Service (CCS) : Berlin
  • A-1 Collection- Credit America – Traf Group : Hamilton Square
  • Newark Collection agencies
  • Paterson Collection agencies

Debt Collection Laws in New Jersey

1. Fair Debt Collection Practices Act (FDCPA): Like all states, New Jersey is governed by the federal FDCPA. This law restricts the behavior and actions of third-party debt collectors and prohibits them from using abusive, unfair, or deceptive practices to collect debts from consumers.
2. New Jersey Consumer Fraud Act: New Jersey has its own consumer protection laws that, while not specific to debt collection, can still provide protection against unfair or deceptive practices by debt collectors.
3. Licensing Requirements: Collection agencies operating in New Jersey must be licensed and bonded. This requirement is meant to ensure that collectors comply with state laws.
4. Statute of Limitations: New Jersey has a statute of limitations that limits the amount of time within which a creditor or collection agency can sue a debtor to collect a debt. The statute of limitations for written contracts in New Jersey is six years, and for open-ended accounts (such as credit cards) it is also six years.
5. Garnishment: If a creditor obtains a court judgment against a debtor, they may be able to garnish the debtor’s wages or bank accounts. There are federal and state limits on how much can be garnished.
6. Exemptions: New Jersey law provides exemptions for certain types of property, which means that they cannot be seized by creditors to satisfy a debt.
7. Communication Restrictions: Under the FDCPA, there are restrictions on when and how often a debt collector can contact a debtor. For example, they cannot call before 8 a.m. or after 9 p.m., and they must stop contacting the debtor if the debtor requests in writing that they do so.
8. Debt Validation: Under both federal and New Jersey state law, consumers have the right to request validation of the debt. This means that the debt collector must provide proof that the consumer actually owes the debt and that the amount is correct.
9. Harassment and Misrepresentation: Under the FDCPA and New Jersey law, debt collectors are prohibited from using harassment, oppression, or abuse in connection with the collection of a debt. Additionally, they cannot use false, deceptive, or misleading representations to collect a debt.
10. Penalties for Violations: If a debt collector violates the federal FDCPA or New Jersey’s debt collection laws, consumers may have the right to sue the collector for damages.

It’s important to stay up-to-date with the most recent changes in laws and regulations. Therefore, consulting an attorney who specializes in debt collection laws in New Jersey or reviewing the most recent legal sources is recommended for the most accurate information.

New Jersey also called the “Diner Capital of the Country”, is the most densely populated state in the country. It is home to some of the top Biopharmaceutical, Transportation, Energy, Financial Services, Healthcare, Manufacturing and Technology companies. The state is home to 20 Fortune 500 companies.

The Louisa Carman Medical Debt Relief Act, signed into law in New Jersey in July 2024, provides protections against medical debt by: Prohibiting Reporting of medical debt under $500 or already paid to credit agencies. Capping Interest Rates on medical debt at 3% annually. Restricting Wage Garnishment for low-income patients (annual income is less than 600% of the federal poverty level.) Delaying Collection Actions until 120 days after the first bill, with a requirement to offer a reasonable payment plan.