Here’s how a debt collection agency operates to your advantage
Debt collection defense attorneys that operate to give you an advantage against Debt Collection Agency Harassment in Ft Lauderdale, Miami, West Palm Beach, and Boca Raton, FL.
Have you ever thought what does a debt collection agency do? If you want to know about what this job involves, you should continue reading this article.
First of all, we should know that most of these agencies, even those located in areas such as Miami, Fort Lauderdale, Broward, Boca Raton, Palm Beach, and West Palm Beach, work on a third party basis. They work most of the times for banks, but their services are also useful for auto lenders, doctors, hospitals, and also small businesses.
Debt collection agencies, usually compete with debt buyers, who essentially do the same thing as them, the only difference being how they act. They are mainly used to return the value of a credit account to the creditor. The main difference between them is that, as their name states, one collects debt, whereas the other one buys it.
Those who collect debts have to be very careful regarding the way they act. This happens because lots of them do not know what they are allowed to do and what not, and in many cases, this process of collecting debt ends with a lawsuit, because the owner of the credit feels harassed.
They are usually forbidden to:
- Use threats
- Use obscene language
- Call someone repeatedly, in order to irritate someone
- Tell you that if you will not pay your debt, the will seize or take any of your property, unless this can be done on a legal basis
- Tell you that you will be arrested
In conclusion, we can say that the work of this agencies is not that simple, even though lots of us think that they only need to collect some money from individuals.