Kentucky Commercial Collection Agency

Kentucky Collection Agency
Kentucky Collection Laws

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

Full Debt Commercial Collection Agency Coverage for Kentucky KY

Ashland | Bowling Green | Lexington | Louisville

Burt & Associates a national debt collection agency with full collection coverage for Kentucky. 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, know our Collection Rates or call us toll free 1 (877) 740-7839 and get started today!

Kentucky Collection Laws

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

• Kentucky Collection Laws Interest Rate
  Legal: 8%
  Judgment: 12%
  
  
• Kentucky Collection Laws Statute Of Limitations (Years)
  Open account: 5
  Written Contract: 15
  Oral Contract: 5
  Domestic Judgment: 15
  Foreign Judgment: 15
  
  
• Kentucky Collection Laws Bad Check Laws (NSF) (Civil Penalty)
  N/A
  
  
• Kentucky Collection Laws General Garnishment Exemptions
  75% of disposable income or 30 times the federal minimum hourly wage (whichever is greater)
  
  

Kentucky Debt Collection Tips

At the Federal Reserve meeting last week, the Fed decided to keep interest rates unchanged. This is the seventh consecutive month the Fed has made no change in interest rates. The steady interest rates come amid a mixed economic picture. On the one hand there are some signs of trouble, with prices at the gas pump soaring, the housing market slumping and the economy dragging along sluggishly. Yet at the same time, the U.S. has been witnessing a booming stock market and low unemployment rates.

What does this have to do with Burt & Associates? Nothing. As your SAS70 Certified commercial collections agency, we don't let the mixed economic picture affect the work we do for you. Contact us now for all your A/R needs and let us worry about your commercial collection issues. We have the technology, resources and staff to take care of you and all your needs.

Give me a call today and ask for your FREE Burt Credit Risk Score and let's get your collections taken care of.
With warmest regards,

Jerry Curtis
President & CEO

Educational Tidbits For Today's Credit Executive
Floorplan Financing

Floorplan financing, which is a simple modification of secured lending, is usually encountered when a vendor or a financing entity for a vendor wants to provide inventory for the customer to sell, for example when a large retailer's need for great volume of merchandise exceeds its credit availability. The plan should specify all the terms between the parties involved, while the creditor is granted a money purchase security interest in all the inventory that is directly or indirectly financed by the floorplan creditor. As a rule, the debtor must pay for the inventory financed when sold or according to specific terms, whichever comes first.

The Credit Manager's Q&A Corner
Question: Discuss some of the shortcomings inherent in cost-cutting strategies.

Answer: Today's accounting departments are responsible for much more than just keeping financial records. Increasingly, chief financial officers are put in charge of cost-cutting strategies for their companies. Immediate solutions to high costs typically involve cutting jobs and ending projects, but these are easy short-term fixes that could fail to address more serious structural issues. Worse, short-term cuts may actually endanger a company's growth potential. When considering ways to reduce costs, today's financial officers should review all of a company's costs and cut expenses while keeping a long-term strategy in mind.