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Open Invoices
| Unpaid Invoice Interest Rate | Up to 12% |
|---|---|
| Can Collection Fees be added? | Must be included in the contract to be added |
| Statute of limitations/Prescription | Verbal agreement: two years Written agreement: four years |
Judgments
| Post Judgment Interest Rate | Up to 10%. If the debtor is a state or local government entity, then it is 7%. |
|---|---|
| Judgment Expiration | 10 years |
| Can judgment be renewed? | Yes |
Cedar Financial has 30 years of experience in fast and expert debt collection Texas and around the globe. Our headquarters are in California, and we have a national license. We offer expert services for all types of collection. Our talented debt collectors are trained well with industry specific requirements.
The best part about our debt collection Texas services is that we work on a no-collection – no fee basis for pre-legal services, so you will only pay when your funds are recovered. For legal services, we offer low-cost options.
There is no minimum number value or volume required to place the accounts. Further, the initial consultation call discusses options with more clarification.
We specialize in both local and international debt collection in Texas, serving consumers, businesses, and entities with local coverage. Our debt collection services span across various industries, including education, healthcare, commercial, e-commerce, government, and legal sectors. We handle Commercial B2B (Business to Business) accounts, Consumer B2C (Business to Consumer) and C2B (Consumer to Business) accounts.
In Texas, we offer specialized commercial collections services, including Freight Commercial Debt Collections in Houston, Transportation Commercial Collections Agency in Houston, and Trucking Commercial Collections Agency in Houston.
Every debt collection case is different and has different circumstances and conditions. There might be large variations in the times for settling claims. Factors such as the period for pending debt and the type of account being collected play a crucial role in determining how long it will take to close an agreement. While the exact duration is uncertain, we understand the importance of timely results and guaranteeing an update on your claim within 30 days.
Once we receive your accounts and the proper documents to validate the claim, our representatives will begin by skip tracing the accounts to locate the debtor. We will then immediately begin working the accounts via phone and mail and issue a written demand notice allowing 30 days for debt validation as required by the FDCPA.
For debt collection Texas, statute of limitation we offer field services for investigation, skip tracing, in-person visits at your debtor’s residence, asset searches, and more if the debtor is unresponsive to letters and phone calls.
Yes, before we can start the collection procedure, we need to be able to verify the debt. Contractual agreements between you and the customers, bills or invoices for trade goods or services, or official court judgements are examples of validation documents.
Yes, we provide both internal legal guidance and a worldwide network of pre-screened attorneys for cases that fall outside of our purview. We will assess the account for potential legal action at no further expense to you once all reasonable attempts at collection have been made.
Yes, if they are included in that contract signed by the debtor.
