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New Hampshire Collection Agency

AAB is a New Hampshire commercial collection agency that specializes in commercial debt collection. AAB collects NH commercial debt and here are some facts to consider when you are selecting a New Hampshire collection agency.

AAB covers all of New Hampshire or NH and our collection agency handles commercial New Hampshire debtors in Concord, Dover, Manchester, Nashua, Rochester, Salem and other cities in New Hampshire.

It is interesting to note that New Hampshire does not have any laws dealing with usury. Some Rico laws cannot be used in some instances in New Hampshire, because the lender must to be charging an interest rate twice the usury limit in a given state. There is no such limit in New Hampshire.

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

New Hampshire Collection Laws

NOTE: The New Hampshire 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.

New Hampshire Collection Interest Rates

New Hampshire Legal Rate: 10 %
New Hampshire Corporate Rate: 10%
Contract Rate: 10% to 36% depending on exception
Judgment: The annual simple rate of interest on judgments, including prejudgment interest, shall be a rate determined by the state treasurer as the prevailing discount rate of interest on 26-week United States Treasury bills at the last auction thereof preceding the last day of September in each year, plus 2 percentage points, rounded to the nearest tenth of a percentage point…
Usury % Cap: New Hampshire does not have any laws dealing with usurious lending practices

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

New Hampshire Statute of Limitations

New Hampshire Contracts (Oral): 3 Years
Written Contract: 6 Years
Judgment: 20 Years

Bad or NSF Check collection charges in New Hampshire

New Hampshire requires creditors to notify the debtor via phone or in writing. Maximum $25 can be charged unless a higher amount has been authorized by written agreement, with the consumer in New Hampshire.

New Hampshire Collection Agency Laws

New Hampshire State Licensing: Required for small, title and payday collecting
Agency Bond: Not Required

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