Rhode Island Commercial Collection Agency

Rhode Island Collection Agency
Rhode Island Collection Laws

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

Full Debt Commercial Collection Agency Coverage for Rhode Island RI

Bristol | Kingston | Newport | Providence | Warwick

Burt & Associates a national debt collection agency with full collection coverage for Rhode Island. 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!

Rhode Island Collection Laws

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

• Rhode Island Collection Laws Interest Rate
  Legal: 12%
  Judgment: 12%
  
  
• Rhode Island Collection Laws Statute Of Limitations (Years)
  Open account: 10
  Written Contract: 10
  Domestic Judgment: 20
  Foreign Judgment: 20
  
  
• Rhode Island Collection Laws Bad Check Laws (NSF) (Civil Penalty)
  Amount of check, $25 fee & treble damage up to $1000
  
  
• Rhode Island Collection Laws General Garnishment Exemptions
  See federal law

Rhode Island Debt Collection Tips

With many studies showing that the older an invoice gets, the harder it is to collect on that past-due balance, you can improve the likelihood of collecting a past-due debt by adopting a more aggressive collection policy toward higher-risk accounts.

Allowing a third-party agency to collect on your higher-risk accounts sooner, even as early as 20-30 days, will greatly increase the likelihood of getting payment on time.

Burt & Associates is a recognized leader in commercial collections with the knowledge and expertise in management of accounts receivables. In addition, we use the power of technology to generate results for your business efficiently and quickly. We also meet the stringent SAS70 Type II best practices certification requirements.

Give me a call today and let Burt & Associates go to work for you.

With warmest regards,

Jerry Curtis
President & CEO

Educational Tidbits For Today's Credit Executive
A Brief Look at The Disclosure Statement

The disclosure statement provides information that enables interested parties to make educated judgments about a bankrupt firm’s reorganization plan. As specified by the U.S. Bankruptcy Code, the information must be sufficient to enable for a hypothetical, reasonable investor or holder of claims to make an informed judgment about the reorganization plan, taking into consideration the condition of the bankrupt firm’s records and the company’s history. Adequate information often depends upon the circumstances of the debtor and the nature of the plan, not to mention the sophistication of the classes that are to vote on accepting the reorganization proposal.

Once approved by the court, the statement is transmitted to all parties entitled to vote on the plan. Reorganization plans cannot be voted on unless the disclosure statement has been sent to all voting parties.

Questions & Answers

Question: Explain some don’ts for smaller customers on building business credit.

Answer: First, don’t try to “buy” good credit. Some companies will offer to “sell” trade references for a large sum of money. This is a ripoff, and if the credit-reporting agencies find out they will purge those references. Second, don’t spend a lot of money on a shelf corporation from a company that “guarantees” that you will be able to use it to get loans. More often than not, the company won’t have the kind of credit rating you’ll need to be successful. Third, don’t try to get business credit as a substitute for bad personal credit. If you have damaged personal credit, work on rebuilding it while you’re building business credit.