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Connecticut Collection Agency



AAB is a Connecticut collection agency that specializes in commercial collection contingency collections. A collection agency must be licensed to collect legally in Connecticut. Below, you will find the CT or Connecticut commercial guidelines that affect a commercial collection agency.

AAB covers all of Connecticut or CT and our collection agency handles commercial Connecticut debtors in Ansonia, Bridgeport, Bristol, Danbury, Darien, Groton, Hartford, Meriden, Middletown, Milford, Naugatuck, New Haven, New London, North Haven, Norwalk, Norwich, Shelton, Stamford, Torrington, Waterbury and other cities in Connecticut.

AAB has been in business for over 40 years and should be your choice for a Connecticut collection agency.

Out of state creditors should be aware of the interest rates and usury laws in Connecticut. Creditors charging far in excess of 12% risk their commercial loan should the court strike down the loan agreement.

Below there are summary points on Connecticut regulations and Laws that affect a Connecticut collection agency. These points should be considered when contemplating listing commercial debt for collection with a Connecticut collection agency.

Connecticut Collection Laws



NOTE: The Connecticut commercial collection guidelines below are summary in nature and subject to change. While we make every effort to insure accuracy, the information below 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.

Connecticut Collection Interest Rates



Connecticut Legal Rate: 8%
Contract Rate: 12%
Judgment: 10%
Usury % Cap: 12%

A Connecticut Collection Agency can only charge interest at the rates above.

Connecticut Statute of Limitations



Connecticut Contracts (Oral): 3 Years
Contracts (Written): 6 Years
Judgment (Domestic): 20 Years – 25 Years no action based upon such a judgment may be instituted after the expiration of twenty-five (25) years from the date the judgment was entered
Judgment (Small Claims): 10 Years – 15 Years no action based upon such a judgment may be instituted after the expiration of fifteen (15) years from the date the judgment was entered in Connecticut.

Bad or NSF Check collection charges in Connecticut



Connecticut requires a 30 Day written demand notice. If the check is returned because of no account then damages are set by the court and cannot exceed the check face amount or $750.00, whichever is less. In the case of insufficient funds damages are set by the court and cannot exceed the check face amount or $400.00, whichever amount is less.

Connecticut Collection Agency Laws


Connecticut State Licensing: Yes
Agency Bond: YES - $25,000 (For each place of business)
Trust Account: Required
State Fees: $800 + $100 (Investigation)

Information above on commercial collections and the Connecticut Collection Agency Laws is provided to help potential Clients looking for a Connecticut collection agency. We encourage potential Clients to request a free consultation from our Connecticut Collection Agency.

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Connecticut Cities

Ansonia, CT
Bridgeport, CT
Bristol, CT
Danbury, CT
Darien, CT
Groton, CT
Hartford, CT
Meriden,CT
Middletown, CT
Milford, CT
Naugatuck, CT
New Haven,CT
Norwalk, CT
Norwich, CT
Shelton, CT
Stamford, CT
Torrington, CT
Waterbury, CT