Arkansas Commercial Collection Agency

Arkansas Collection Agency
Arkansas Collection Laws

Burt and Associates is a Collection Agency that specializes in Commercial Collections.

Full Debt Commercial Collection Agency Coverage for Arkansas AR

Conway | Hot Springs | Fort Smith | Little Rock | Texarkana

Burt & Associates a national debt collection agency with full collection coverage for Arkansas. We invite you to review our services and feel free to contact us with any questions or comments you may have.

Contact Burt & Associates

By Phone:
Toll free: 1-877-740-7839

Or Fill out our Collection Agency Contact form

To Get A Free Quote or to know our Collection Rates or call us toll free 1 (877) 740-7839 and get started today!

Arkansas Collection Laws

We hope that this information on Arkansas Collection Agencies assists you. The following is a summary of the Arkansas Collection Laws. The information here may not be 100% accurate and should not to be construed as legal advise.

• Arkansas Collection Laws Interest Rate
  Legal: 6% or 5 points above the Federal discount rate
  Judgment: Contract rate or 10% per annum whichever is greater
  
  
• Arkansas Collection Laws Statute Of Limitations (Years)
  Open account: 3
  Written Contract: 5 (partial payment stops the statute from running)
  Sale of Goods: (UCC-2) - 4
  Domestic Judgment: 10 - Renewable
  Foreign Judgment: 10
  
  
• Arkansas Collection Laws Bad Check Laws (NSF) (Civil Penalty)
  Twice amount of check - prior to double charge - can start out with $15 charge per NSF check after 30 days.
  
  
• Arkansas Collection Laws General Garnishment Exemptions
  $500 head of family; $200 single. Includes personal property except clothing.
  
  

Arkansas Debt Collection Tips

Open account status is never a right. By extending open account, you are acting like a bank, effectively making a loan to your customer. Think like a banker when extending credit/open account status to a debtor. Do the necessary homework when granting a credit line. It is a privilege you are extending to your customer. He should reward you with prompt payment. Anything less is abusing that privilege.

Our Collection Agency can assist you in making the decision to grant an open account to a customer with the Burt Risk Score. Should your customer abuse the privilege of having an open account, Burt & Associates, the collection agency, will be there to help. Contact your National Account Representative today to find out how we can help you.

With warmest regards,

Jerry Curtis
President & CEO

Educational Tidbits For Today's Credit Executive
Understanding the U.S. Bankruptcy Court System

The U.S. Bankruptcy Court system consists of 91 districts, with several divisional offices within certain of those districts.Each court has a voice case information system phone number that you can call to obtain free information on any filing made within that district.Often this is a toll free number.Upon calling this VCIS number, simply type in, on your telephone keypad, either the case number or debtor's name.An automated recording will give you not only the filing date and 341 meeting of creditors but will supply you with the debtor's attorney's name and phone number, so you can obtain even further information.

The Credit Manager’s Q&A Corner

QUESTION: Explain the Ordinary Course of Business Defense, as it relates to preference recovery attempts in a bankruptcy.

ANSWER: Under the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, the ordinary course of business is now defined as follows: To the extent that such transfer was in payment of a debt incurred by the debtor in the ordinary course of business or financial affairs of the debtor and the transferee or was made in the ordinary business or financial affairs of the debtor or the transaction was made according to ordinary business terms.