I believe that just about any strong line of work is going to have rules to follow and the world of commercial debt collection is no exception. In fact, you may be surprised by what you can pick up on with the best knowledge at hand. That being said, what are some of the most important guidelines as far as this line of work is concerned? You may soon start to see just how important this work is if you are able to keep these 3 rules in mind.
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. Collectors are not allowed to utilize deceit when it comes to attaining payments. For example, there is not much in the way of validity if a collector were to say that a debtor would become arrested if they failed to make their payment. The problem with this, though, is that collectors do not have the ability to do so. This is where those in law enforcement have to come into effect, as they are the only ones able to go about the process in question.
3. Commercial debt collection cannot be done through way of embarrassing media but what does this entail, you may wonder? There is more than one example to take into account, post cards being one of them. This is one of the restricted methods but the ones that are allowed are some of the most reliable that you can imagine. Al you have to do is look into the way that agencies the likes of Rapid Recovery are able to put telephone and email usage at high levels.
To say that there are many rules to consider in any line of work would be an understatement. However, I feel as though this is especially true in terms of commercial debt collection. There are so many rules to consider that this list can only be considered something of an intro. A whole litany of other guidelines are worth looking into, especially if you find yourself involved in such a scenario and want to make the most out of this field as possible in the long term.
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. Collectors are not allowed to utilize deceit when it comes to attaining payments. For example, there is not much in the way of validity if a collector were to say that a debtor would become arrested if they failed to make their payment. The problem with this, though, is that collectors do not have the ability to do so. This is where those in law enforcement have to come into effect, as they are the only ones able to go about the process in question.
3. Commercial debt collection cannot be done through way of embarrassing media but what does this entail, you may wonder? There is more than one example to take into account, post cards being one of them. This is one of the restricted methods but the ones that are allowed are some of the most reliable that you can imagine. Al you have to do is look into the way that agencies the likes of Rapid Recovery are able to put telephone and email usage at high levels.
To say that there are many rules to consider in any line of work would be an understatement. However, I feel as though this is especially true in terms of commercial debt collection. There are so many rules to consider that this list can only be considered something of an intro. A whole litany of other guidelines are worth looking into, especially if you find yourself involved in such a scenario and want to make the most out of this field as possible in the long term.
About the Author:
Visit commercial debt collections agency, Rapid Recovery Solution Inc., if you're looking for some additional information about commercial collection services.
No comments:
Post a Comment