Chat with us, powered by LiveChat

Florida Debt Collection Laws and Statutes

Below you will find important information on Florida state debt recovery laws including: Florida Statutes, Judgments, Garnishments, Interest Rates, and Bad Check Laws.

STATE: FLORIDA

Interest Rate

  • Legal: 11% or up to 18% maximum contractual rate if so agreed.
  • Judgment: 11%

STATUTE OF LIMITATIONS (IN YEARS)

  • Open Account: 4
  • Written Contract: 5
  • Domestic Judgment: 20 yr duration, if recorded acts as lien on non-homestead real property for 10 yrs; may be recorded for an additional 10 yrs. (Reflects current recording requirements)
  • Foreign Judgment: Same duration as domestic if under F.S. 55.501 et seq.

BAD CHECK LAWS (CIVIL PENALTY)

Initially face value of check plus $25.00 – $40.00, depending upon amount of check, or %5 of value, whichever is greater. If suit is required, after 30 day demand, treble amount in addition to amount owed, bank & court costs & reasonable attorney fees.

GENERAL GARNISHMENT EXEMPTIONS

FL has opted out of federal bankruptcy exemptions. 100% head of household. Liberal Homestead Exemption – Life insurance proceeds and/or cash value of policy, disability income, pension monies and retirement funds are exempt.

 

NO RECOVERY, NO FEE DEBT COLLECTIONS

Request A Free Quote

Requests are responded to within 24 hours.

* We don’t share your personal info with anyone.

Our Services

Commercial Collections

Consumer Collections

Medical Collections

Tenant Collections

Skip Tracing

Judgement Collections

International Collections

Small Business Collections

Immediate Litigation

NSF Returned Checks

Government Collections

Utilities & Telecom Collections

Financial and Default Loan Collections

Educational Institution Collections

Frequently Asked Questions

We are the professionals! Third-party intervention significantly increases successful debt recovery.

The individual’s credit score will be negatively affected. We will also audit the claim to determine if the claim warrants legal action.

We will happily accept your old debts! The statute of limitations varies in each state so call us at 877-680-6064 to see if your debt is still valid

We use cutting edge technology to locate your debtor’s whereabouts, contact information and assets; all of which are critical to successful recovery of your money.

That’s great news! Report the payment to us ASAP and we can bill you for our commission.

Many debts are collected within the first 30 – 90 days.

Yes! Since there are costs associated with taking someone to court, this phase is always optional and we will never take legal action without your authorization.

You can access our Client Portal 24/7! You can also call us anytime at 877-680-6064.

Once your debtor’s payments adequately clear our account, we’ll get a check out to you thereafter.

Click here to request a quote or submit your claim today.

Any Questions? Call Toll-Free: (877) 680-6064

Download Infopack Click the buttons below to download our info pack.

What Our Customers Say We really appreciate all of your reviews, thank you so much!

0/5 (0 Reviews)

NO RECOVERY, NO FEE
DEBT COLLECTIONS

Request A Free Quote

Tell us about the money owed to you and get a FREE quote today! Requests are responded to within 24 hours.