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One way to recover more from your delinquent accounts is to hire a New Mexico Collection Agency. Rapid Recovery, a Collection Agency with offices in Albuquerque, Las Cruces, Rio Rancho, and Santa Fe, 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 New Mexico debtors in these cities: Alamogordo, Albuquerque, Artesia, Carlsbad, Clovis, Deming, Farmington, Gallup, Hobbs, Las Cruces, Las Vegas, Los Alamos, Los Lunas, Portales, Rio Rancho, Roswell Santa Fe, Silver City, Sunland Park and other New Mexico cities.
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 New Mexico debtors in these cities: Alamogordo, Albuquerque, Artesia, Carlsbad, Clovis, Deming, Farmington, Gallup, Hobbs, Las Cruces, Las Vegas, Los Alamos, Los Lunas, Portales, Rio Rancho, Roswell Santa Fe, Silver City, Sunland Park and other New Mexico cities.
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New Mexico Collection Laws The following is a summary of the New Mexico 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 New Mexico Collection Laws page, and we assume no liability for its use. New Mexico Collection Laws Interest Rate Judgment: 8.75% (in the absence of a written contract) New Mexico Collection Laws Statute Of Limitations (Years) Open account: 4 Written Contract: 6 Domestic Judgment: 14 Foreign Judgment: 14 New Mexico Collection Laws Bad Check Laws (NSF) (Civil Penalty) Amount due, triple damages up to $500 per check - Complex requirements need to be met New Mexico Collection Laws General Garnishment Exemptions Greater of 75% or amount each wk. equal to 40 x Federal minimum hourly wage New Mexico Collection Laws Collection Agency Bond & Licensing Rules Bond: $5,000 minimum - based on volume License: Yes Fee: $500 - original collection agency or branch $300 - renewal collection agency or branch $100 - examination fee for manager's license $50 - manager renewal Exemption for out-of-state collectors: Out-of-state agency is exempt if [1] collecting by interstate means (phone, fax, mail); and [2] debt was incurred outside the state of New Mexico. Rapid Recovery hopes that this information assists you in finding a New Mexico Collection Agency and researching New Mexico collection laws. |
