The Right Collection Agency
by Malik Toppins
As a motivated entrepreneur I had done very well for myself in the real estate market. I was able to acquire many homes and work spaces in need of a little care and fix them up to be ready for companies to occupy. This was working very well for me and allowed me to support my wife and three children for a handful of years. Unfortunately, the market began to flop and my luck began to run out.
Many of the residents that I worked with began to skip out on payments and it was severely hurting my income. The litigation involved with collecting the funds that were owed to me were becoming increasingly expensive and very time consuming. It seemed as though my choices were running thin and I was in need of some help.
I began to search through collection agencies, but was not impressed with any of the agencies I found. Most of the collectors I found all suggested that they were confined to collections within certain states. They also seemed very secretive about their methods of collection.
Finally, a friend of mine recommended Rapid Recovery Solutions as the perfect answer for me. Rapid Recovery Solutions were very open about their professional methods of collection and were licensed to collect in every state in the U.S. as well as many locations internationally. What impressed me even more about Rapid Recovery Systems was that there is no upfront charge like the other collection agencies I had researched. In fact, there is no charge at all until your money has been collected!
Rapid Recovery Solutions is not like the other agencies that are not concerned with building trust with their clients and perform their collection services the way any other bill collector would. They work with the belief that trust will be built through performance and results. For an agency with a collection rate that is among the highest in the industry, I find that to be one of the most impressive qualities.
Showing posts with label collection company. Show all posts
Showing posts with label collection company. Show all posts
Monday, November 7, 2011
Monday, September 19, 2011
Collection Company Pros
Collection Company Pros
by Nicholas Sorrentino
Customers who take their time with payments have become prominent these days. Unpaid dues or bad debt is a necessary problem for all organizations which further lead to restricted cash flows and hinder the growth of the business.
Collection companies play a vital role in settling differences between the debtors and creditors. They act as resolutions for both ends. The collectors offer services to creditors and ensure that all their debts are collected within the shortest time possible. They also assist debtors and help manage their bills in an organized way.
These agencies are an advantage for all businesses as they are experts in the collection of unpaid dues from delinquent customers. They save valuable time and assets that can be used for business growth. Occasionally, collection agencies will purchase the debt from the creditor. However, usually all that the collection agencies acquire is the right to carry out the process of debt collection.
It is important that one should visit these organizations over the Web to know the services being offered. Many companies have special training programs for their agents for handling their clients with much care and better understanding.
The main goal of these agencies is to make sure all payments made by the debtors reach the creditors within the shortest time and, no bills are left unpaid. When one hires the services of a collection agency then they have an agreement that lets the agency takes on the responsibility of tracing the debtors and collecting the debt abiding by the Fair Debt Collection Practices Act (FDCPA).
Small businesses are hesitant to ask for unpaid dues too strongly. This is because they are not familiar with the rules and regulations of collecting debts. They are not clear on how and when to ask for payment that is overdue. Another reason for their hesitancy is the fear of losing future business with the customer. It is where the debt collection companies come into the picture.
by Nicholas Sorrentino
Customers who take their time with payments have become prominent these days. Unpaid dues or bad debt is a necessary problem for all organizations which further lead to restricted cash flows and hinder the growth of the business.
Collection companies play a vital role in settling differences between the debtors and creditors. They act as resolutions for both ends. The collectors offer services to creditors and ensure that all their debts are collected within the shortest time possible. They also assist debtors and help manage their bills in an organized way.
These agencies are an advantage for all businesses as they are experts in the collection of unpaid dues from delinquent customers. They save valuable time and assets that can be used for business growth. Occasionally, collection agencies will purchase the debt from the creditor. However, usually all that the collection agencies acquire is the right to carry out the process of debt collection.
It is important that one should visit these organizations over the Web to know the services being offered. Many companies have special training programs for their agents for handling their clients with much care and better understanding.
The main goal of these agencies is to make sure all payments made by the debtors reach the creditors within the shortest time and, no bills are left unpaid. When one hires the services of a collection agency then they have an agreement that lets the agency takes on the responsibility of tracing the debtors and collecting the debt abiding by the Fair Debt Collection Practices Act (FDCPA).
Small businesses are hesitant to ask for unpaid dues too strongly. This is because they are not familiar with the rules and regulations of collecting debts. They are not clear on how and when to ask for payment that is overdue. Another reason for their hesitancy is the fear of losing future business with the customer. It is where the debt collection companies come into the picture.
Wednesday, September 7, 2011
Collection Agencies And Conduct
Collection Agencies And Conduct
by Takara Alexis
When people are approached by a collection agency, many of them are automatically nervous. It's common to be nervous, since you literally have an entity reminding you that you have a debt to be paid. While it is legal to have collection agencies approach people in debt, many of the people who become nervous do not understand that there are certain laws that collection agencies must adhere to.
In the US, collection agencies have to abide by the Fair Debt Collection Practices Act. It was passed in 1978 and used to establish guidelines for fair debt collection practices to be made. Without these laws collection agencies would be able to harass you constantly from sunrise to sunset. So always make sure to know your rights, and what they are allowed and not allowed to do. There are also state laws that may affect collection agencies as well that differ from state, but here are a few from the Fair Debt Collection Practices Act.
Phone Contact- It is illegal to contact someone outside of the hours of 8am - 9pm local time. Deceit- It is illegal to misrepresent the debt, or pretend to be someone you are not, in order to intimidate the subject. (Such as pretending to be an attorney).
Abusive Language- Any profane language or abusive language is prohibited during communication related to the debt. Bad Debt List- It is illegal to put the name of the subject on a bad debt list.
Cease Contact- Once the collection agency has received a written notice that the subject wishes to prohibit contact, or refuses to pay the debt, it is illegal for the collection agency to continue contact with that person.
Attorney Contact- If you are represented by an attorney, they must contact the attorney. Persistent Phone Calling- Calling repeatedly calling someone is considered harassment.
by Takara Alexis
When people are approached by a collection agency, many of them are automatically nervous. It's common to be nervous, since you literally have an entity reminding you that you have a debt to be paid. While it is legal to have collection agencies approach people in debt, many of the people who become nervous do not understand that there are certain laws that collection agencies must adhere to.
In the US, collection agencies have to abide by the Fair Debt Collection Practices Act. It was passed in 1978 and used to establish guidelines for fair debt collection practices to be made. Without these laws collection agencies would be able to harass you constantly from sunrise to sunset. So always make sure to know your rights, and what they are allowed and not allowed to do. There are also state laws that may affect collection agencies as well that differ from state, but here are a few from the Fair Debt Collection Practices Act.
Phone Contact- It is illegal to contact someone outside of the hours of 8am - 9pm local time. Deceit- It is illegal to misrepresent the debt, or pretend to be someone you are not, in order to intimidate the subject. (Such as pretending to be an attorney).
Abusive Language- Any profane language or abusive language is prohibited during communication related to the debt. Bad Debt List- It is illegal to put the name of the subject on a bad debt list.
Cease Contact- Once the collection agency has received a written notice that the subject wishes to prohibit contact, or refuses to pay the debt, it is illegal for the collection agency to continue contact with that person.
Attorney Contact- If you are represented by an attorney, they must contact the attorney. Persistent Phone Calling- Calling repeatedly calling someone is considered harassment.
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