Tennessee Commercial Collection Agency

Tennessee Collection Agency
Tennessee Collection Laws

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

Full Debt Commercial Collection Agency Coverage for Tennessee TN

Chattanooga | Nashville | McMinnville | Memphis | Knoxville

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

Tennessee Collection Laws

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

• Tennessee Collection Laws Interest Rate
  Legal: 10%
  Judgment: 10% (or contract rate) (varies with type of transaction)
  
  
• Tennessee Collection Laws Statute Of Limitations (Years)
  Open account: 6
  Written Contract: 6
  Domestic Judgment: 10
  Foreign Judgment: 10
  
  
• Tennessee Collection Laws Bad Check Laws (NSF) (Civil Penalty)
  Treble damages up to $500 + 10% interest & reasonable service charges, atty.'s fees, & court costs
  
  
• Tennessee Collection Laws General Garnishment Exemptions
  See federal law. Add $2.50 per week for dependent child under 16

Tennessee Debt Collection Tips

BURT & ASSOCIATES IS TYPE II, SAS 70 CERTIFIED FOR THE THIRD YEAR

Burt & Associates has recieved full Type II, SAS 70 certification with zero exceptions for the third year. This fulfills Section 404 of Sarbanes-Oxley, the corporate governance accounting mandate. Burt & Associates volunteers for this audit each year.

This certification helps us further serve you, our customer, by helping you fulfill your financial reporting requirements. As a recognized and preferred service provider, we assure our clients will not have to perform additional or separate costly audits or assessments.

SAS 70 is designated by the Securities and Exchange Commission (SEC) as an acceptable method for management to obtain assertions about service organization internal controls without conducting separate assessments. As a result, SAS 70 is a preferred method of providing assurance for service organization clients subject to Section 404 and can still be used for other audit-related purposes as well.

It is you, our client, that ultimately benefits from our diligence and attention to your reporting and compliance requirements.

With warmest regards,

Jerry Curtis
President & CEO

Educational Tidbits For Today's Credit Executive
Growing Problems With Loans for Small Businesses

The nation’s banks, many having been exposed to subprime losses, are facing a new headache with their small-business customers. Seeking to boost profits in better economic times, many lenders handed out small-business loans on easy terms, but now the banks are tightening credit terms for small businesses and are seeing increased losses and a dramatic rise in missed payments. For example, one bank, Sun Bancorp in New Jersey, had been offering express applications for small-business owners to get up to $100,000 in credit lines, often unsecured, within twenty-four hours. In an apparent mid-course correction, banks are issuing stiffer small-business lending standards. The results are that entrepreneurs and owners of small businesses may find it tougher to arrange credit lines in the foreseeable future.

Questions & Answers

Question: Explain some of the ways you might be able to tell if a troubled company is unfixable.

Answer: In some instances, you may be able to tell if a company might be irreparable. If a troubled company no longer has an addressable market that is ready to embrace its products or services, that company may be too far gone to turnaround. Moreover, if the company has no clear understanding regarding why it needs to clearly communicate its product’s return to the marketing place or if it can not quantify its product’s value, the hope of any “quick fix” for that troubled firm may be beyond consideration. And just as important an indicator is if the leadership of a troubled firm does not have the ability to become systematic and entrepreneurial-minded. Trying to fix such a company may be throwing good money after bad.