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The Collections Process In California
One way to recover more from your delinquent accounts, you can hire an attorney to collect. We can locate debtors and collect the money owed to your business, practice or facility, and, if started...
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Limits On Interest Rates and Usury
California Collection Law Limits Interest Rate Legal: 10% Judgment: 10% (Unless otherwise contracted)
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California Statute of Limitations in Collection Law
California Statute Of Limitations in Collection Law (Years) Open account: Reduced to writing: 4 Open account: No writing: 2 Written Contract: 4 Domestic Judgment: 10 (renewable at 10) Foreign...
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California Collections Law Regarding Bad Checks
California Collection Laws Bad Check Laws: (NSF) (Civil Penalty) Amount due, treble damages – minimum $100 maximum $1500 per check.
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Bad Debt, Creditor, and Debtor Defined
Bad Debt: Accounts receivable that will likely remain uncollectible and will be written off. Bad debts appear as an expense on the income statement, thereby reducing net income. Debtor: An individual...
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Fair Debt Collections Practices Act, Federal
The Fair Debt Collections Practices Act is a 1977 federal law that regulates collections agencies and collections activity in order to prevent deception, harassment, and other unfair debt collection...
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California Usury Law
Usury is charging an illegally high interest rate on a loan or goods sold on credit.
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Fair and Accurate Credit Transactions Act
In 2003 FACTA (The Fair and Accurate Credit Transactions Act) amended the FCRA (Fair Credit Reporting Act) to mandate free credit reports to every person in the country from all of the consumer...
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FICO(r)
The Fair Isaac Corporation, the creators of the FICO® credit scoring software have this information posted on their website myfico.com under the following link:...
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