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List of collection agencies in New Mexico.
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If you buy Collection Letters service from a Collection Agency, you will have to pay an additional Sales Tax of 6.875%, applicable to all New Mexico businesses and residents.
The statute of limitations in New Mexico for open accounts is 4 years, and 6 years for written contracts. A debt collector cannot file a lawsuit if the debt is beyond if more than this specified limit.
There are not too many collection agencies that have a physical office in New Mexico. It is important to select a good collection agency rather than the one which is physically located closer to you. Each collection agency has its own strengths and it is better to select one which has extensive experience in your industry and delivers good recovery rates. Collection agencies commonly work on these types of debts: medial, dental, small business, utilities, commercial (B2B), credit card debt and government bills.
Businesses and medical practices in New Mexico consider outsourcing their debt to a collection agency because there is no point in writing it off. Whether you live in Albuquerque, Las Cruces, Las Cruces, Rio Rancho, Santa Fe, Roswell, Farmington, Clovis or Hobbs, a collection licensed to recover money in New Mexico can work on your accounts receivables.