Louisiana Collection Agencies

Louisiana collection agencies are a smart business solution when dealing with customers who owe you money won't pay.

Louisiana businesses face a number of collections problems. Unpaid bad debt creates negative cash flow for your business.

If your in house collections efforts are not consistent and effective, you lose not only money, but productivity as well, because you're having to dedicate labor time to "chasing after" these delinquent accounts.

To better recover on these past due accounts, many Louisiana businesses turn to Louisiana collection agencies.

How Can A Louisiana Collection Agency Help Me?

A Louisiana debt collection agency can help your business collect its bad debts by:

Mail
Typically, collection agencies make use of a number of letters sent to the debtor, called demand letters. These are often very effective in getting the debtor's attention, especially since they're coming from a neutral third party. They're written to remind them of their obligations, and get them to pay or make payment arrangements to satisfy the debt.

Phone
If, after a series of demand letters don't prove effective, a Louisiana collection agency will then make phone calls to the debtor.

Legal Options
Louisiana debt collection companies often can take legal action, up to and including filing suit, if both the demand letters or phone calls haven't been successful.

Areas Served in Louisiana

Louisiana collection agencies offer coverage statewide, including:

• New Orleans
• Baton Rouge
• Shreveport
• LaFayette
• Lake Charles
• Kenner
• Bossier City
• Monroe
• Alexandria
• New Iberia

Choosing A Louisiana Commercial Collection Agency

When choosing a Louisiana collection agency, here are a few areas to pay attention to:

Debt Collection Techniques

• ask for sample demand letters that they will be sending to your clients. You want to make sure the language is both strong enough to get their attention, but doesn't alienate your customers. You also want to make sure they abide by the federal Fair Debt Collection Practices Act (FDCPA), and other state collections laws.

  The FDCPA forbids abusive, threatening and obscene language when dealing with debtors, and that they be treated with respect.

• Ask how is debtor information forwarded to the collection agency.
• When and how is collected monies sent to your business.
• How can your business monitor the collections activity.

Company History and Reputation
Ask for references of other similar businesses they've worked with; ask how long they've been in business. Many agencies come and go, so make sure you're dealing with a Louisiana collection agency that has stability.

When you're ready to hire a Louisiana collection agency, let DebtCollectionSteps.com help you. Fill out the quote form below, and we can refer you to an agency that serves your area.

Louisiana Collection Laws Summary

• Louisiana Collection Laws Interest Rate
  
  Legal: 9.75%
  Judgment: 9.75%
  
  
• Louisiana Collection Laws Statute Of Limitations (Years)
  
  Open account: 3
  Written Contract: 10
  Promissory Notes: 5
  

  Domestic Judgment: 10
  Foreign Judgment: 10
  
  

• Louisiana Collection Laws Bad Check Laws (NSF) (Civil Penalty)
  
  After 30 day written demand (certified or registered), twice check amount. Attorney fees & court costs



• Louisiana Collection Laws General Garnishment Exemptions
  
  75% disposable earnings per work week, but not less than 30 x Federal minimum hourly wage





• Louisiana Collection Laws Collection Agency Bond & Licensing Rules
  
  Bond: Yes - $10,000
  License: Yes
  Fee:
  $200 Initial
  $200 Investigation
  $200 Renewal
  

  $100 Branch
  $100 Branch Renewal

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