Is your collection agency in compliance? The debt collections industry is increasingly regulated. Collection agencies have a bad reputation because of their many abuses, both perceived and real against debtors. Some unscrupulous collection agencies were known to: Use profane & abusive language. Call and confront the debtor at work. Call debtors to early or late based … [Read more...]
What Is A Collection Agency
What Is A Collection Agency Watch a what is a collection agency video review by a student, who wanted to know about collection agencies. This what is a collection agency video is useful for people who want to learn about collection agencies - it illustrates: What Is A Collection Agency The Federal Trade Commission (FTC), the nation’s consumer protection agency, enforces … [Read more...]
Fair Debt Collection Practices Act | FDCPA
The Fair Debt Collection Practices Act (FDCPA) was created as a Federal statute in the year 1978, as Title VIII of the Consumer Credit Protection Act. The purpose of this act is to eliminate harassment of a consumer in the process of debt collection. The Act specified a list of do's and don'ts while collecting debt. It also defined the Consumer's rights under the Act. FAIR … [Read more...]
Debt Collection Agencies Can Help
Many companies are concerned about money owed to them by individuals or other organizations so it is very important for them to employ the professional help from collection agencies. Debt collection agencies are the ones who are well equipped and more knowledgeable when it comes to figuring out which methods to use to effectively collect debt from the debtors. Businesses and … [Read more...]
How To Make Effective Collection Calls
Collection calls are hard because they are a part of business, but it is also a personal matter – which is what makes it so hard to do. People get emotional and have to make business decisions about their bottom line. How To Make Effective Collection Calls Calling a past due customer and asking them to pay their bill is not on the top of anyone’s list of fun things to do. … [Read more...]
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