Nexa Collections

Collection Agencies in Pennsylvania and Laws

Directory >> USA >> Pennsylvania

List of collection agencies in Pennsylvania

If you buy Collection Letters service from a Collection Agency, you will have to pay an additional Sales Tax which ranges between 6% to 7% , applicable to all Pennsylvania businesses and residents.

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

Pennsylvania Debt Collection Laws Summary

  • The Fair Credit Extension Uniformity Act (FCEUA) regulates the debt collection activities of debt collectors and creditors in Pennsylvania and applies to both debt collectors and creditors.

  • FDCPA protects consumers who could be subjected to abusive, deceptive, or unfair trade collection practices by debt collectors.

  • Pennsylvania has a six-year statute of limitations on debts.

  • In Pennsylvania wage garnishment is really hard. It is allowed only under very limited circumstances, mostly related to student loans, taxes, or spousal/child support, unless allowed by a court order.

  • Debt collectors may report the debt to credit reporting companies or sue a debtor in the court.

Pennsylvania Debt Statistics

  • Average Student Loan in Pennsylvania is about $36,000.
  • The average mortgage debt in Pennsylvania is $145K.
  • The average credit card debt in Pennsylvania as of 2019 is around $6,150
  • Pennsylvanians had an average credit score of 687 in 2018

Pennsylvania Geographical Stats

  • Population in Pennsylvania : 12.7 million (year 2018)
  • Number of millionaires: 309 K  ( year 2017)

Pennsylvania debt collection agency can collect all across the state including these cities Philadelphia, Pittsburgh, Allentown, Erie, Reading, Upper Darby, Scranton, Bethlehem, Bensalem and Lancaster.