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North Carolina Commercial Collection Agency



AAB provides North Carolina commercial collection agency services. AAB is a 40 year old commercial collection agency specializing in commercial debt collections in the US including NC or North Carolina.

AAB covers all of North Carolina or NC and our commercial collection agency handles corporate debtors in Charlotte, Durham, Fayetteville, Greensboro, Greenville, High Point, Jacksonville, Raleigh, Winston-Salem, and other cities in North Carolina.

North Carolina requires a Permit to operate as a North Carolina Commercial Collection Agency

Below you will find summary points on North Carolina regulations and Laws that affect a North Carolina collection agency. These points should be considered prior to listing commercial debt for collection accounts with a North Carolina commercial collection agency.

North Carolina Collection Laws



Disclaimer: The North Carolina 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.

North Carolina Collection Interest Rates



North Carolina Legal Rate: 8%
Contract Rate: 16% for loans $25,000 and less – Any Rate over $25,000
Corporate Rate: Any rate agreed to in writing
Judgment: 8%
Usury % Cap: None

A North Carolina commercial collection agency may only collect interest at the rates above.

North Carolina Statute of Limitations



North Carolina Contracts: 3 Years
Judgment: 10 Years
Note: In North Carolina a collection agency that is a debt buyer or is acting on behalf of a debt buyer may not bring or initiate an arbitration proceeding against a North Carolina debtor or otherwise attempt to collect on a debt when the collection agency knows, or reasonably should know, that such collection is barred by the applicable statute of limitations. This constitutes an unfair practice in North Carolina and is subject to penalties.

Bad or NSF Check collection charges in North Carolina


North Carolina only allows a creditor to charge a $25 processing fee. Special note for any collection agency that collects or seeks to collect on behalf of its principal a processing fee as specified in above in addition to the sum payable of a check, the amount of such processing fee must be separately stated on the collection notice. The collection agency shall not collect or seek to collect from the drawer any sum other than the actual amount of the returned check and the specified processing fee in North Carolina.

North Carolina Collection Agency Laws


North Carolina State Licensing: Permit Required
Agency Bond: $10,000 Initial - $10,000 to $75,000 Renewal
Trust Account: Required

The Information provided above on commercial collections and the North Carolina Collection Agency Laws is provided to help potential Clients looking for a commercial collection agency in North Carolina.

We encourage potential commercial Clients to request a free consultation on commercial services we offer or a free Quote on North Carolina Commercial Collection Agency services.

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North Carolina Cities

Charlotte, NC
Durham, NC
Fayetteville, NC
Greensboro, NC
Greenville, NC
High Point, NC
Jacksonville, NC
Raleigh, NC
Winston-Salem, NC