Directory >> USA >> Arkansas
Need a good collection agency licensed to recover money in Arkansas? Contact Us
List of collection agencies in Arkansas.
- Central Research Inc. (CRI) : Lowell
- RMC of America : White Hall
- Advantage Recovery Services : Fort Smith
- Credit Service Company : Fort Smith
- Professional Credit Management (PCM) : Jonesboro
- Access Credit Management Inc (ACMI) : Little Rock
- Collection Service Inc (CSI) : Little Rock
- First Collection Services (FCS) : Little Rock
- Check Law Recovery Systems : North Little Rock
- Mid-South Adjustment : Pine Bluff
- Economic Recovery Consultants : Searcy
Collection Laws in Arkansas
- Fair Debt Collection Practices Act (FDCPA): This is a federal law that protects consumers from abusive, deceptive, or unfair debt collection practices. It sets limits on when and how debt collectors can contact consumers and provides consumers with rights to dispute debts and obtain information about the debts.
- Fair Credit Reporting Act (FCRA): This federal law regulates the collection and use of consumer credit information. It gives consumers the right to access their credit reports and correct any inaccuracies.
- Arizona State Statute of Limitations: In Arizona, as of 2021, the statute of limitations for credit card debt and other open accounts was six years. For written contracts, it was also six years. These statutes set the maximum period of time after an event within which legal proceedings may be initiated.
- Arizona Debt Collection Licensing and Regulations: As of 2021, debt collection agencies operating in Arizona are required to be licensed. Consumers can file complaints against debt collectors with the Arizona Department of Financial Institutions if they believe the debt collector has violated state or federal laws.
- Arizona Garnishment Laws: In the state of Arizona, if a creditor obtains a judgment against a debtor, they may be able to garnish the debtor’s wages or bank account. However, there are limitations on the amount that can be garnished. As of 2021, creditors could generally garnish the lesser of 25% of a debtor’s non-exempt disposable earnings or the amount by which a debtor’s non-exempt disposable earnings for the week exceed thirty times the federal minimum hourly wage.
- Arizona Exemptions: Arizona has laws that protect certain types of property and assets from being seized by creditors even if a judgment has been obtained. These exemptions include a homestead exemption, personal property exemption, and protections for retirement accounts.
- Arizona Fair Debt Collection Practices Act: Some states have their versions of the federal FDCPA, but as of 2021, Arizona did not have a state-specific version of this act.
Since laws and regulations are subject to change, it’s important to verify the most current legal information by consulting a lawyer or legal advisor with expertise in debt collection laws in Arizona.
Arkansas may be famous for its Colleges, Football, Natural beauty, and Farms; at the same time, six Fortune 500 companies are based in Arkansas, including the world’s #1 corporation, Walmart.
Arkansas State has thousands of small businesses, medical practitioners and financial institutions which grapple with unpaid accounts receivables. A debt collection agency helps to recover overdue bills from debtors and patients.
A collection agency licensed to recover in Arkansas can recover all across the state, including prominent cities of Little Rock, Fort Smith, Fayetteville, Springdale, Jonesboro, North Little Rock, Conway, Rogers, and Pine Bluff.