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Massachusetts Commercial Collection Agency



AAB is a Massachusetts commercial collection agency that specializes in commercial debt recovery. AAB collects MA debt and here are some facts to consider when you are selecting a collection agency in Massachusetts.

AAB covers all of Massachusetts or MA and our collection agency handles commercial Massachusetts debtors in Boston, Brockton, Cambridge, Fall River, Lowell, Lynn, New Bedford, Newton, Quincy, Springfield, Worcester and other cities in Massachusetts.

A collection agency must be licensed in Massachusetts to collect debt that is consumer or commercial. In the case of excessive interest rates (Consumer-20%) out of state creditors can expect the interest rate to be adjusted to conform to the laws in Massachusetts or deem the loan agreement to be illegal and unenforceable.

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

Massachusetts Collection Laws



NOTE: The Massachusetts 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.

Massachusetts Collection Interest Rates



Massachusetts Legal Rate: 6% (Without Agreement)
Contract Rate: No Limit
Corporate Rate: No special rate
Judgment: Contract rate or 12% - 18% if defense frivolous
Usury % Cap: 20% (Consumer)

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

Massachusetts Statute of Limitations



Massachusetts Contracts): 6 Years
Contracts under Seal: 20 Years
Contracts for Sale: 4 Years
Judgment: 20 Years

Bad or NSF Check collection charges in Massachusetts


Massachusetts requires a 30 Day written demand notice. Debtor is liable for the face amount of the check and damages, as determined by the court. Damages are not less than $100 or more than $500.

Massachusetts Collection Agency Laws


Massachusetts State Licensing: Yes
Agency Bond: YES - $25,000 (For each location)
Trust Account: Required
State Fees: $1,000 + $300 (Initial application)

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

Free Rate Quote
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Massachusetts Cities

Boston, MA
Brockton, MA
Cambridge, MA
Fall River, MA
Lowell, MA
Lynn, MA
New Bedford, MA
Newton, MA
Quincy, MA
Springfield, MA
Worcester, MA