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Michigan Collection Agency



AAB is a commercial agency that is fully licensed and insured as a Michigan Collection Agency. We specialize in the collection of commercial accounts or bad debts for Michigan (MI )and throughout the United States. With our home base or headquarters in Michigan we are first and foremost a Michigan collection agency.

Our Michigan collection agency covers the following primary centers for commercial collection accounts in Michigan: Ann Arbor, Dearborn, Detroit, Grand Rapids, Lansing, Monroe, Traverse City and Troy. Our Michigan collection agency head office is located in Plymouth, Michigan.

AAB has been in operation for over 40 years, as a commercial Michigan collection agency. With our roots and flag ship in Michigan, you can be assured your commercial accounts will be professionally collected by our collection agency. Below you will find a general guide to the Michigan regulations and laws that affect a Michigan collection agency.

Michigan Collection Laws



NOTE: The Michigan collection information below is 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.

Michigan Collection Interest Rates



Legal Rate: 5% per annum (Maximum permitted in Michigan without an agreement)
Contract Rate: 7% per annum
Judgment Rate: Variable
Usury % Cap: 25% per anum

A Michigan collection agency can only apply the above interest rates.

Michigan Statute of Limitations



Oral Contract: 6 Years
Written Contract: 6 Years
Contracts for Sale (UCC): 4 Years
Judgment: 10 Years (Renewable)

Bad or NSF Check charges in Michigan


Commercial: 2 times the amount of the check or $100.00 (whichever is greater)
Retail: Special notice requirements

Michigan Collection Agency Laws


Michigan Collection Agency Licensing: Yes
Bond: $5,000.00 to $50,000.00
Exemptions: Out of State Collectors are allowed to collect in Michigan providing their collection agency does not have any Michigan Clients (Creditors). A collection agency must be licensed if collecting for a Michigan Client against a debtor in Michigan.

We hope you find the information above is useful in your search for a Michigan collection agency. An AAB professional is also available to answer any questions you may have or we suggest you request a quote on the services we offer as a Michigan collection agency.
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Serving you since 1973
Michigan Cities

Ann Arbor, MI
Dearborn, MI
Detroit, MI
Grand Rapids, MI
Lansing, MI
Monroe, MI
Plymouth, MI
Traverse City, MI
Troy, MI