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One way to recover more from your delinquent accounts is to hire a Maine Collection Agency. Rapid Recovery, a Collection Agency with offices in Portland, Lewiston, and Bangor, can locate debtors and collect the money owed to your business, practice or facility. If used early, Rapid Recovery Solution can often recover a meaningful portion of your unpaid accounts.
In addition to increasing your chances of actually getting paid, using Rapid Recovery Solution can save you a lot time and money — two of your most valuable resources. With their custom-designed debt collection systems, computers and software, Rapid Recovery Solution can be more effective in recovering delinquent accounts than you can. Rapid Recovery Solution is most likely to collect on your files if placed in the 60-90 days from the date the money was due.
Rapid Recovery Solution is a National Collection Agency handling Maine debtors in these cities: Arvada, Aurora, Boulder, Broomfield, Maine Springs, Denver, Englewood, Fort Collins, Grand Junction, Greeley, Lafayette, Lakewood, Littleton, Longmont, Loveland, Northglenn, Parker, Pueblo, Westminster, Wheatridge and other Maine cities.
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Maine Collection Laws
The following is a summary of the Maine Collection Laws. The information here may not be 100% accurate and should not to be construed as legal advise. We make no warranty, express or implied concerning any information contained on this Maine Collection Laws page, and we assume no liability for its use.
Maine Collection Laws Interest Rate
Legal: 8%
Post Judgment: 15% annual (less than $30,000) T-Bill rate over $30,000
Maine Collection Laws Statute Of Limitations (Years)
Open account: 6
Written Contract: 6 + 20 (with attestment) Domestic Judgment: 20
Foreign Judgment: 20
Maine Collection Laws Bad Check Laws (NSF) (Civil Penalty)
Amount due, court costs, service costs & collection costs
Maine Collection Laws General Garnishment Exemptions
You may garnish 25% of disposable income or 40 times the federal minimum wages per week (whichever is less) After judgment only.
Maine Collection Laws Collection Agency Bond & Licensing Rules
Bond: $25,000 to $50,000
License: Yes
Fee: $400 Yearly
Exemption for out-of-state collectors: Contact state authority. Licensing authority is allowing some exemptions to out-of-state agencies that collect for nonresident creditors and are not soliciting.
Rapid Recovery hopes that this information assists you in finding a Maine Collection Agency and researching Maine collection laws.
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