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One way to recover more from your delinquent accounts is to hire a Virginia Collection Agency. Rapid Recovery, a Collection Agency with offices in Virginia Beach, Norfolk, Chesapeake, and Richmond, 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 Virginia debtors in these cities: Alexandria, Annandale, Burke, Centreville, Chantilly, Charlottesville, Chesapeake, Dale City, Danville, Hampton, Lynchburg, Newport News, Norfolk, Portsmouth, Reston, Richmond, Roanoke, Suffolk, Tuckahoe, Virginia Beach and other Virginia cities.
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Virginia Collection Laws
The following is a summary of the Virginia 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 Virginia Collection Laws page, and we assume no liability for its use.
Virginia Collection Laws Interest Rate
Legal: 8%
Judgment: 9% or contract rate whichever is higher
Virginia Collection Laws Statute Of Limitations (Years)
Open account: 3 Last charge or payment Written Contract: 5
Domestic Judgment: 20
Foreign Judgment: 10
Sales of goods under article 2 is 4 years
Virginia Collection Laws Bad Check Laws (NSF) (Civil Penalty)
Lesser of $250 or three times check amount
Virginia Collection Laws General Garnishment Exemptions
See federal law
Virginia Collection Laws Collection Agency Bond & Licensing Rules
Bond:$5000
License: Depends on Locality
Fee: No
Rapid Recovery hopes that this information assists you in finding a Virginia Collection Agency and researching Virginia collection laws.
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