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Collection Agencies in Minnesota and Laws

Directory >> USA >> Minnesota

List of collection agencies in Minnesota.
Need help selecting one? Contact us

    • National Recoveries Inc : Ham Lake
    • Ascension Point Recovery Services (APRS) : Coon Rapids
    • IC System Collections Agency : St. Paul
    • Viking Client Services : Eden Prairie
    • Northland Group : Minneapolis
    • Commercial Collectors Inc (CCI) : Montrose
    • Professional Service Bureau (PSB) : Anoka
    • Delta Management Group: St. Paul
    • Pioneer Capital Solutions Inc (PCS) : Anoka
    • Advantage Collection Professionals (ACP) : Cambridge
    • Financial Recovery Services (FRS) : Minneapolis
    • JNR Adjustment Company : Plymouth
    • Summit A.R. : Champlin
    • Diversified Adjustment Service : Coon Rapids
    • Credit Bureau of Albert Lea (CBAL) : Albert Lea
    • Credit Bureau Of Alexandria : Alexandria
    • Colltech Inc : Plymouth

Debt Collection Laws in Minnesota

  1. Fair Debt Collection Practices Act (FDCPA): Like all states, Minnesota is governed by the federal FDCPA, which limits 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. Minnesota Fair Debt Collection Practices Act: Minnesota has its own state-level laws that are similar to the federal FDCPA. This state-level legislation offers additional protections to consumers.
  3. Collection Agency Licensing: In Minnesota, collection agencies must be licensed. This helps to ensure that they comply with state laws governing debt collection practices.
  4. Statute of Limitations: In Minnesota, there is a statute of limitations on how long a creditor or collection agency can pursue a debt through the court system. As of my last knowledge update, the statute of limitations for written contracts, such as credit card agreements, was generally six years. Keep in mind that this period could change, and there may be different limitations for other types of debts.
  5. Communication: Minnesota law, like the FDCPA, limits 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 requests in writing that they do so (with some exceptions).
  6. Garnishment: If a debt collector obtains a court judgment against a debtor, they may be able to garnish wages or bank accounts. However, there are limits on how much can be garnished.
  7. Exemptions: Minnesota law provides certain exemptions for property that cannot be seized by creditors to satisfy debts.
  8. Right to Validation: Under both federal and Minnesota 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: Minnesota law prohibits debt collectors from harassing, oppressing, or abusing any person in connection with the collection of a debt. It also prohibits the use of false, deceptive, or misleading representation in connection with the collection of any debt.
  10. Penalties for Violations: If a debt collector violates Minnesota’s debt collection laws or the FDCPA, consumers may have the right to sue the collector for damages.

Remember that this information might change, and it is always good to check for the most recent legal updates or consult with an attorney who specializes in debt collection laws in Minnesota.
Minnesota, the Land of 10,000 Lakes.

Minnesota has one of the highest student loan debt per capita in the country. Credit Card debt per capita is about 3.3K. Mortgage debt per capita is about 37.5K.

The Minnesota Department of Commerce (MNDOC) licenses debt collection agencies in the Minnesota state. The Federal debt collection laws (FDCPA) protects consumers from abusive conduct by collection agencies. Collectors cannot harass, oppress, or abuse any person during collection. Minnesota Fair Debt Collection Practices Act is similar to FDCPA. Debt relief laws are quite favorable for debtors.

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