Debt Collection Agency, Rapid Recovery Solutions, Releases Statement Regarding A Mayor’s Effort To Curb His City’s Debt

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Following a recent story from the Chicago Sun Times detailing the debt collection approach of Chicago mayor Rahm Emanuel, Rapid Recovery Solutions issues a statement regarding this practice.

On October 13th, 2012, debt collection agency, Rapid Recovery Solutions issued a statement in response to the innovative strategies used by Chicago mayor Rahm Emanuel in all matters of debt collection.

According to the Chicago Sun Times, The city of Chicago has changed the ways they go about debt collection because of the new strategies of Mayor Rahm Emanuel. The article states “Mayor Rahm Emanuel’s hard-line approach to dunning deadbeats has boosted debt collection by $70 million this year — twice as much as anticipated — fueling the mayor’s promise to hold the line on taxes, fines and fees in 2013. The article goes on to mention the controversial method used to help collect this debt. According to the Chicago Sun Times, “the City Council gave the State Comptroller Judy Baar Topinka’s office the go-ahead to put a brick on the state income tax refunds of more than 100,000 Illinois residents and businesses with overdue Chicago parking tickets, red-light camera citations and judgments rendered by city hearing officers dating back to 2005.

While debt collection agencies have their own unique approach this method produced tangible results for the city. According to the article, “Emanuel used $8.5 million from that crackdown, which critics called over-the-top, to hire 50 more police officers and keep 20,000 more young people occupied this summer. They justify this criticism by stating “For those people who have been skirting the law and owe debt to the city, it’s not harsh to try to collect” by deducting it from their income tax refunds.”

The CEO for the collection agency Rapid Recovery Solution John Monderine responds “"I think it's great that many people in Government realize the importance of collecting money that is rightfully owed. Too many people think they can do whatever they want without consequence. Taxes would go down if all the outstanding debts were paid."

Founded in 2006, Rapid Recovery Collection Agency is headquartered at the highest point of beautiful Long Island. RRS Collections Company is committed to recovering your funds. Rapid believes that every debtor has the ability to pay if motivated correctly. They don't alienate the debtors; they simply attempt to align with them and offer different ways to solve your debt problems.

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