Debt Collection Companies
Tags: debt collection companies, debt collection companies in florida, debt collection companies in ghana, debt collection companies in johannesburg, debt collection companies list
The Ugly Side Of Debt Collection Companies
Debt collection harassment often takes ugly turns with debt Collectors resorting in sleaziest techniques. If you were to think that debt collectors are a set of sophisticated lot, it is time to reconsider our feelings. In what can be termed as a spine chilling incident, a debt collector operated despite being in prison.
Lamont Cooper from New York owns Legal Action recovery, a debt collection agency, Legal Action Recovery known to be a professional debt collection firm, served term in prison. The chilling fact was that not only did this collector and his collection agency resorted to terrible tactics, but he continued business as usual from prison.
Prison surveillance showed that he corresponded with his employees and demanded to be informed of all banking activities. The New York Attorney General’s office filed charges against him for continuing business from prison. He will be arraigned after he is discharged form federal custody.
A reporter of a news paper turned debt collector for three months to understand how this business works. His confessions include how unpaid bills are considered a boon by debt collectors. His stint at the collection agency taught him some hard truths. Motivated strictly by cash, collectors manipulate, shame and threaten people into paying, without caring whether the bill is legitimate. If they do not do this, their superior takes them to task. The cash benefits of collecting are huge and encouraging enough for collectors to use unethical means.
Debt collection is a massive industry where each debt collector is trained in collection tactics. Each one of them makes roughly 150 to 200 calls per day. They are taught to pose as para legals, give financial advice should the debtor opt to settle, try harassing techniques and so on. At the end of the day a collection agent has to complete his task of making those many calls and strike deals.
Typically debt collection training requires a debt collector to be polite, well mannered over phone, handling the conversation and closing the call on a pleasant note. But the real debt collectors are far from this description. They use abusive and illegal methods and end up violating the Fair Debt Collection Practices Act (FDCPA). The FDCPA was established to ensure fair debt collection and is enforced by the Federal trade Commission and private litigants.
WeStopDebtCollectors.com has a team of highly qualified and experienced professionals from the field of consumer law and has handled more than 30,000 consumer actions
http://www.westopdebtcollectors.com/
with over 98 percent of these cases being amicably resolved without the need for trial.
UK Debt Collection Agencies – getting them off your case – Part 1
|
|
Debt Cures They Don’t Want You to Know About $0.28 Are you getting deeper and deeper into debt while they make bigger and bigger profits? Not after you read…Debt Cure$ They Dont Want You To Know About!In this new book, Kevin Trudeau blows the lid off the banking and credit card industries, exposing the greatest rip off of our citizens in this nations history. The credit card industry is one of the most profitable industries in this country, but … |
|
|
Negotiate and Settle Your Debts – A Debt Settlement Strategy: Learn how to settle debts as low as 20 cents on the dollar $9.79 Considering debt settlement? Negotiate and Settle Your Debts guides you to an extremely inexpensive way to do your own negotiating and settling of credit card debt. Save thousands of dollars and improve the quality of your life with this very informative gem of a book. Contents are sample Debt Settlement letters , Instructions on the timelines, How and when to start negotiating with your creditors… |
|
|
Starting a Collection Agency, how to make money collecting money (The Collecting Money Series) $9.97 Debt Collectors are a Vital part of the American Economy – and here are the numbers to prove it. Debt collectors have a bad rap but debt collection is crucial to an efficient market economy.Total consumer bad debt costs every adult in the US $683 every year. For the average non-supervisory worker that’s nearly 54 hours of work (before taxes) a year. Outstanding credit card debt is nearly three qua… |