There is a lot of stigma attached to debt. However, it does not belong to the debtor. It belongs to the debt collection company. So many debtors are afraid of being harassed by their creditor's representatives that they employ evasion tactics to delay communications with collection agents because they do not want to be disrespected and bullied into payments that they cannot afford.
Rather than live in fear of the collection agency the creditor hired to recovery monies from the debtor, the debtor should educate themselves on the laws regarding debt collection and what behaviors are allowed and which ones are prohibited. A little bit of research can go a long way, and that little bit is all a debtor needs to ease their fears about the process of debt collection.
A cursory online search can yield enough information for debtors to glean their fundamental rights in regards to collection agents and their allowed and prohibited conduct. The United States Government official website has the Fair Debt Collection Practices Act posted in its entirety. State level regulations on debt collection are also easily accessible on the internet. Moreover, besides mandating how collections agencies and their representative conduct themselves when corresponding with debtors, the legislation delineates debtor options for recourse if a collections agent fails to adhere to the prescribed laws.
Generally, debtors make themselves familiar with nightmarish debt collection stories they find posted online. These stories are sometimes legitimate claims of harassment by deceitful collections agencies who don't care about the law, and only wish to line their pockets. Sometimes, the debtor is just seeking revenge because they did not like the outcome of their collection process. However, debtors should research the company assigned to their case and see how they stand with the Better Business Bureau. Moreover, one should not dismiss the collections industry overall because of the actions of one unethical company.
The bottom line is this prejudice against collection companies is unfair. Collection agents represent the creditor, but they are there to provide a smooth and satisfactory recovery process for not only the creditor but the debtor as well. Attempts on the behalf of the debtor to hamper collections only serve to frustrate the creditor and make them less willing to compromise on the amount recovered.
Rather than live in fear of the collection agency the creditor hired to recovery monies from the debtor, the debtor should educate themselves on the laws regarding debt collection and what behaviors are allowed and which ones are prohibited. A little bit of research can go a long way, and that little bit is all a debtor needs to ease their fears about the process of debt collection.
A cursory online search can yield enough information for debtors to glean their fundamental rights in regards to collection agents and their allowed and prohibited conduct. The United States Government official website has the Fair Debt Collection Practices Act posted in its entirety. State level regulations on debt collection are also easily accessible on the internet. Moreover, besides mandating how collections agencies and their representative conduct themselves when corresponding with debtors, the legislation delineates debtor options for recourse if a collections agent fails to adhere to the prescribed laws.
Generally, debtors make themselves familiar with nightmarish debt collection stories they find posted online. These stories are sometimes legitimate claims of harassment by deceitful collections agencies who don't care about the law, and only wish to line their pockets. Sometimes, the debtor is just seeking revenge because they did not like the outcome of their collection process. However, debtors should research the company assigned to their case and see how they stand with the Better Business Bureau. Moreover, one should not dismiss the collections industry overall because of the actions of one unethical company.
The bottom line is this prejudice against collection companies is unfair. Collection agents represent the creditor, but they are there to provide a smooth and satisfactory recovery process for not only the creditor but the debtor as well. Attempts on the behalf of the debtor to hamper collections only serve to frustrate the creditor and make them less willing to compromise on the amount recovered.
About the Author:
If you are searching for a full service, attorney based collection company, Rapid Recovery Solutions, Inc. has all the answers! Call RRS today for more details.. Also published at The Collection Company You Keep.
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