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Delaware Commercial Collection Agency



AAB is a Delaware commercial collection agency that specializes in commercial debt collection. AAB collects DE commercial debt and here are some facts to consider when you are selecting a Delaware Collection Agency.

AAB covers all of Delaware or DE and our collection agency handles commercial Louisiana debtors in Brandywine, Dover, Greater Newark, Wilmington and other cities in Delaware.

Delaware specifically requires a Consumer or Commercial collection agency must be licensed in order to legally collect debt. There is numerous exemption on usury caps. Interest rate limitations on personal loans are very restrictive in Delaware.

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

Delaware Collection Laws



NOTE: The Delaware 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.

Delaware Collection Interest Rates



Delaware Legal Rate: 5% over the Federal Reserve discount rate including any surcharge as of the time from which interest is due.
Delaware Contract Rate: 5% over the Federal Reserve discount rate including any surcharge. Loans over $100,000 have no limit on the rate of interest in Delaware.
Corporate Rate: No interest rate limits
Judgment: Interest at the same rate as the contract
Usury % Cap: 5% over the Federal Reserve Prime rate for personal consumer loans

A Delaware commercial collection agency can only charge interest at the rates above.

Delaware Statute of Limitations



Delaware Contracts (Oral): 3 Years
Written Contract: 6 Years
Judgment: 5 Years

Bad or NSF Check collection charges in Delaware


Delaware requires creditors to notify the debtor in writing not less than 30 days before commencing an action. If the debtor fails to pay the creditor in 30 days, prior to commencing action (an amount of money not less than the amount of the check, plus a fee of $40) the debtor can incur more costs. The checkr, plus court costs, damages in the amount of $50.00 for the first instance of a dishonored check, draft, or order issued to the creditor by the debtor within 1 year; for a second or subsequent dishonored check, draft or order for the payment of money issued to the creditor by the debtor within 1 year of the issuance of a previous dishonored check, draft, or order, triple the amount of the check, draft or order; not to exceed $250, plus court costs.

Delaware Collection Agency Laws


Delaware State Licensing: Required
Wilmington, DE Licensing: Required
Delaware Fees: $25 to $75 plus Collectors may have to pay an annual license surtax of 0.384% of their aggregate gross receipts each month
Bond: Not Required

Information above on commercial collections and the Delaware Collection Agency Laws is provided to help potential Clients looking for a commercial collection agency in Delaware. We encourage potential Clients to request a free quote on the commercial solutions offered by our Delaware Commercial Collection Agency.

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Delaware Cities

Brandywine, DE
Dover, DE
Greater Newark, DE
Wilmington, DE