Nebraska Collection Agencies

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

Nebraska 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 Nebraska businesses turn to Nebraska collection agencies.

How Can A Nebraska Collection Agency Help Me?

A Nebraska 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 Nebraska collection agency will then make phone calls to the debtor.

Legal Options
Nebraska 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 Nebraska

Nebraska collection agencies offer coverage statewide, including:

• Omaha
• Lincoln
• Bellevue
• Grand Island
• Kearney
• Fremont
• Hastings
• North Platte
• Norfolk
• Columbus

Choosing A Nebraska Commercial Collection Agency

When choosing a Nebraska 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 Nebraska collection agency that has stability.

When you're ready to hire a Nebraska 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.

A Summary of Nebraska Collection Agency Laws

• Nebraska Collection Laws Interest Rate
  
  Legal: 12% per written instrument or contract rate
  Judgment: 1% above bond equivalent yield as published by U.S. Treasury
  
  
• Nebraska Collection Laws Statute Of Limitations (Years)
  
  Contract: 5 Domestic
  Judgment: 5 renewable every 5
  Foreign Judgment: 5 nonrenewable
  
  
• Nebraska Collection Laws Bad Check Laws (NSF) (Civil Penalty)
  
  

  Amount due, costs, protest fees




• Nebraska Collection Laws General Garnishment Exemptions
  
  Greater of 75% disposable earnings (85% if head of household), or 30 x Federal minimum hourly wage
  
  
• Nebraska Collection Laws Collection Agency Bond & Licensing Rules
  
  Bond: Based on License Solic. Less Than 5 = 5,000, 5-15=$10,000, 16-Up=$15,000
  License: Yes
  Fee: (not to exceed)
  

  $250 - Investigation
  $200 - Original
  $100 - Renewal
  $50 - Investigation Branch Office
  $35 - Original Branch Office
  Exemption for out of state collectors: Out of state collectors are exempt if [1] communicating by interstate means (phone, fax, mail); and [2] are "regulated" by the laws of another state.

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