Rhode Island Collection Agencies

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

Rhode Island 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 Rhode Island businesses turn to Rhode Island collection agencies.

How Can A Rhode Island Collection Agency Help Me?

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

Legal Options
Rhode Island 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 Rhode Island

Rhode Island collection agencies offer coverage statewide, including:

• Providence
• Warwick
• Cranston
• Pawtucket
• East Providence
• Woonsocket
• Coventry
• North Providence
• Cumberland
• West Warwick

Choosing A Rhode Island Commercial Collection Agency

When choosing a Rhode Island 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 Rhode Island collection agency that has stability.

When you're ready to hire a Rhode Island 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 Rhode Island Debt Collection Laws

• Rhode Island Collection Laws Interest Rate
  
  Legal: 12%
  Judgment: 12%



• Rhode Island Collection Laws Statute Of Limitations (Years)
  
  Open account: 10
  Written Contract: 10
  Domestic Judgment: 20
  

  Foreign Judgment: 20
  
  

• Rhode Island Collection Laws Bad Check Laws (NSF) (Civil Penalty)
  
  Amount of check, $25 fee & treble damage up to $1000



• Rhode Island Collection Laws General Garnishment Exemptions
  
  See federal law



• Rhode Island Collection Laws Collection Agency Bond & Licensing Rules
  

  
  Bond: No
  License: No
  Fee: No

Return to National Collection Agencies from Rhode Island Collection Agencies.