COLLECTION LAWS – DELAWARE (DE)
(1) Pre-Judgment Interest Rate: The pre-judgment interest rate in Delaware is governed by Delaware Code Title 6, Section 2301. According to this statute, the legal rate of interest on judgments…
Read MoreCOLLECTION LAWS – CONNECTICUT (CT)
(1) Pre-Judgment Interest Rate: In Connecticut, the pre-judgment interest rate is governed by Connecticut General Statutes Section 37-3a. The statute provides for an interest rate of 10% per annum for…
Read MoreCOLLECTION LAWS – COLORADO (CO)
(1) Pre-Judgment Interest Rate: The pre-judgment interest rate in Colorado is determined by Colorado Revised Statutes § 5-12-102. The statutory rate is set at the annual rate of 8% and…
Read MoreCOLLECTION LAWS – CALIFORNIA (CA)
(1) Pre-Judgment Interest Rate: In California, the pre-judgment interest rate is governed by California Civil Code Section 3289. It states that the legal rate of interest for the recovery of…
Read MoreCOLLECTION LAWS – ARIZONA (AZ)
(1) Pre-Judgment Interest Rate: The pre-judgment interest rate in Arizona is governed by Arizona Revised Statutes (A.R.S.) § 44-1201. According to this statute, the legal rate of interest for pre-judgment…
Read MoreCOLLECTION LAWS – ARKANSAS (AR)
(1) Pre-Judgment Interest Rate: In Arkansas, the pre-judgment interest rate is governed by Arkansas Code Annotated § 16-65-116. According to this statute, the pre-judgment interest rate is equal to the…
Read MoreCOLLECTION LAWS – ALABAMA (AL)
(1) Pre-Judgment Interest Rate: In Alabama, the pre-judgment interest rate is governed by Section 8-8-10 of the Code of Alabama. According to this statute, the pre-judgment interest rate is set…
Read MoreCOLLECTION LAWS – ALASKA (AK)
(1) Pre-Judgment Interest Rate: Alaska follows the Alaska Statutes § 09.30.070, which sets the pre-judgment interest rate at the prime rate plus 3 percent. This rate is applied to the…
Read MoreEfficient Collection Management: Prioritizing and Managing Your Collection Efforts
Managing collections can be a challenging task, especially when dealing with large volumes of data. For organizations, collecting payments from customers can be crucial to their success, but it can…
Read MoreNavigating the Challenges of Collecting Debts from Out of Business Customers
Businesses face a variety of challenges when it comes to managing their finances, and one of the most significant is dealing with customers who are out of business. When a…
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