And you thought your collection agency was bad. It has been revealed in recent news that an Irish gangland boss has found a new calling- debt collection. This criminal progidy has been associated with twelve deaths; a threat even more looming than a collections letter.
Most of the time, legit creditors who aren't gang members will hire out third party collection agencies to retrieve debts. Bill collectors work on commission, where they receive a percentage of the amount of money that they collect. Oftentimes collection agencies will purchase debt from the creditors so that they can collect the entire sum of money owed.
The Irish gang members seemed to have gotten inspiration from this practice, but the similarities end there. The boss of the disreputable Irish gang has created his own collection agency, purchasing debt and using his notoriety to bully his way into gathering the money owed. The unlucky debtors are drug users who are unable to repay dealers.
Reputable collection agencies will usually start with a gentle "reminder letter." If the debtor is antagonistic or evasive, the letters will become more serious. Telephone calls will be used as well as a reminder to those who owe money to pay up. If these ploys fail, the company has the right to report a debt to credit bureaus, or file a lawsuit.
On the other hand, the Irish gangland bill collection agency will utilize its reputation as a group of ruthless murderers and crooks to intimidate debtors into paying back drug money. Thankfully, the head of this operation has been arrested, and the Justice Minister of Ireland has promised to do everything in his power to guarantee that the accused will be brought to justice.
So next time you get a telephone call from a bill collection company, try to keep things in perspective. And if you are ever in Ireland, it is probably not a good idea to take out a loan with a heartless gang.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment