When it comes to the strong types of work that exist in the world, commercial debt collection is more than worth looking into. There is so much knowledge to obtain, as you will soon pick up on. However, you want to make sure that you understand all of the rules that are involved, as you want to make sure that they are taken into account. If you are looking at the most important guidelines out there, here are 3 rules that may be worth your attention.
1. You have to understand what the best time of day is for the sake of communication. In this regard, you want to keep in mind that collectors are only allowed to contact debtors between the hours of 8 AM to 9 PM. Any other time of the day, at least without a debtor's consent, is considered against the rules of the Fair Debt Collection Practices Act. Keep the FDCPA in mind since it will be referred to more than a couple of times.
2. You cannot utilize deceit in order to attain a payment and I believe that there are many reasons for this. For example, what if a collector contacted you, stating that they would be able to arrest you upon failure of payment? This could not be anything short of a lie, especially when you consider that collectors do not have the authority to go about such an action. Only those who have been trained and certified in law enforcement could go about such a process.
3. When it comes to commercial debt collection, there is a strong level of restriction when it comes to embarrassing media. For those of you who do not know what this entails, keep in mind the idea of post cards, which is just one example. A collector can't contact a debtor through this way. If you are curious as to what agencies along the lines of Rapid Recovery utilize, telephone and email are some of the most common methods brought into practice, as they are reliable.
I think that there are many different rules that one can become aware of and each of them are important. Take into account that commercial debt collection can prove to be one of the most important lines of work out there. Anyone who has been involved in such work knows all too well the guidelines that have to be followed by any and all means. Before you know it, you will become savvier as far as the idea of attaining debts is concerned, so make sure that awareness is high.
1. You have to understand what the best time of day is for the sake of communication. In this regard, you want to keep in mind that collectors are only allowed to contact debtors between the hours of 8 AM to 9 PM. Any other time of the day, at least without a debtor's consent, is considered against the rules of the Fair Debt Collection Practices Act. Keep the FDCPA in mind since it will be referred to more than a couple of times.
2. You cannot utilize deceit in order to attain a payment and I believe that there are many reasons for this. For example, what if a collector contacted you, stating that they would be able to arrest you upon failure of payment? This could not be anything short of a lie, especially when you consider that collectors do not have the authority to go about such an action. Only those who have been trained and certified in law enforcement could go about such a process.
3. When it comes to commercial debt collection, there is a strong level of restriction when it comes to embarrassing media. For those of you who do not know what this entails, keep in mind the idea of post cards, which is just one example. A collector can't contact a debtor through this way. If you are curious as to what agencies along the lines of Rapid Recovery utilize, telephone and email are some of the most common methods brought into practice, as they are reliable.
I think that there are many different rules that one can become aware of and each of them are important. Take into account that commercial debt collection can prove to be one of the most important lines of work out there. Anyone who has been involved in such work knows all too well the guidelines that have to be followed by any and all means. Before you know it, you will become savvier as far as the idea of attaining debts is concerned, so make sure that awareness is high.
About the Author:
Visit commercial debt collections agency, Rapid Recovery Solution Inc., if you are looking for some additional information about commercial collection services.
No comments:
Post a Comment