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Colorado Collection Agency



If you have commercial receivables in Colorado or CO you should consider AAB, as your Colorado Collection Agency. AAB has been in business since 1973 and specializes in commercial debt collection and managing commercial receivables. Our commercial collectors have an average of 18 years of debt collection experience, which is the prime reason we are a superior Colorado collection agency.

The general usury rate in Colorado for non-consumer loans is set at 45% per annum. The usury rate established for consumer or personal loans is set at 12% in Colorado. Should a personal loan have rates over 12%, the Colorado courts have a tendency to view these contracts as illegal and unenforceable in the State of Colorado.

A Colorado collection agency must keep in mind that loans from certain types of financial institutions are not included in the general statutory laws in Colorado pertaining to usurious interest rates. In some cases loans-accounts are subject to other regulatory provisions not included within the laws governing usury in Colorado. With all the exceptions be sure to choose a knowledgeable Colorado collection agency.

Below is some summary information on Colorado state regulations and Laws to consider that affect a Colorado collection agency. These points should be considered when placing commercial debt for collection with a Colorado collection agency.

Colorado Collection Laws



NOTE: The Colorado information below is summary in nature and subject to change. While we make every effort to insure accuracy, the information provided should not be considered legal advice or to be one hundred percent accurate. No warranty is expressed or implied and AAB assumes no liability for its use.

Colorado Collection Interest Rates



Colorado Legal Rate: 8% per annum, compounded annually
Contract Rate: Up to 45%
Corporate Rate: Up to 45%
Judgment Rate: rate specified in contract, or 8 %, compounded annually
Usury % Cap: 12% (Consumer) 45% (Commercial)

A Colorado collection agency can only apply interest rates as stated above.

Colorado Statute of Limitations



Contracts: 3 Years (exception for UCC)
Judgment: 6 Years

Bad or NSF Check collection charges in Colorado


In Colorado: 15 Day Notice required. In not paid within 15 days, 3 times the face amount of the check but not less than one hundred dollars

Colorado Collection Agency Laws


Colorado State Licensing: Yes
Exception: a person located outside Colorado whose collection activities are limited to collecting debts not incurred in Colorado from consumers located in Colorado and whose collection activities are conducted by means of interstate communications, including telephone, mail, or facsimile transmission, and who is located in another state that regulates and licenses collection agencies but does not require a Colorado collection agency to obtain a license to collect debts in their state if such agencies' collection activities are limited in the same manner. telecommunications or interstate mail.
Bond: $12,000 to $20,000
Trust Account: Required

The Information above on commercial debt collections and Colorado collection agency Laws is provided for potential Clients searching for a new Wisconsin collection agency. We encourage interested potential Clients to request a free Quote on our collection services when considering AAB as your Colorado collection agency.
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Colorado Cities

Arvada, CO
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