In Arkansas, business owners are at a disadvantage during commercial collections. The Arkansas statute of limitations permits only two years to collect on medical debts, three years to collect on verbal contracts, and five years to collect on written contracts. Judgments are good for 10 years after being passed. Upon expiration, you will no longer be able to collect on the debt.

A collections agency contacts a debtor through a series of dunning letters and phone calls. They run a high-volume business which means that their approach is handled the same way every time regardless of the debt or debtor’s circumstances.

An attorney uses legal process and court mandate to collect the debt, and can tailor their legal strategy on a case-by-case basis. Since an attorney has the weight of law behind their collections attempts, the process is often resolved faster than if a debtor is left to their own devices.