Burt and Associates is a Collection Agency that specializes in Commercial Collections with coverage for Tennessee.
Nashville | Chattanooga | McMinnville | Memphis | Knoxville
How to get Started:
Contact us to speak with a New Account Information Representative. We will discuss your overdue accounts in detail. After thorough debtor investigation, we will tell you which accounts show promise of collecting (there may be conditions, such as bankruptcy, which have voided the debt). We will also suggest which accounts may be better handled in house.
Contact Burt & Associates
- Toll free: 1-877-740-7839
- Fill out our Contact Form on line
- For a Free Quote, fill our Get Quote Form on line
Note: Nashville’s diverse business landscape requires a tailored approach to debt recovery. Burt and Associates is equipped with the expertise and resources to help you recover debts efficiently, even those that may have been difficult to collect in the past. As the economy improves, many debtors are in a better financial position, making it an ideal time to collect the money owed to you.
Nashville, TN Collection Laws
Understanding the specific collection laws in Nashville and Tennessee as a whole is critical for managing your accounts receivable effectively. Below is a summary of relevant Tennessee collection laws:
- Interest Rate on Judgments: Legal rate: 10%; Judgment interest: 10% (or as specified by contract), with variations depending on the type of transaction.
- Statute of Limitations:
- Open Accounts: 6 years
- Written Contracts: 6 years
- Domestic Judgments: 10 years
- Foreign Judgments: 10 years
- Bad Check Laws (NSF): Civil penalties include treble damages up to $500, plus 10% interest, reasonable service charges, attorney fees, and court costs.
- Garnishment Exemptions: Federal law applies, with specific Tennessee provisions:
- Add $2.50 per week for dependent children under 16 years of age.
Key Considerations for Businesses in Nashville
- Local Expertise: Burt and Associates understands the unique challenges of the Nashville business environment and provides customized solutions to maximize debt recovery.
- Legal Compliance: Navigating Tennessee’s specific collection laws is essential for ensuring compliance and protecting your business interests.
- Strategic Debt Recovery: Our team uses a strategic approach to debt recovery that balances assertiveness with the need to maintain positive client relationships.
