Bohemia, NY (PRWEB) October 26, 2012
On October 26, collection agency Rapid Recovery Solution responds to an article published by The Times-Tribune, which reveals that people are currently challenging debt collection.
According to the article, a New Jersey debt collection agency dropped credit card debt litigation against Michael Kahanic. The company “complaint included copies of Mr. Kahanic's 2004 credit-card application and a MasterCard billing statement from February 2010. The company withdrew the suit after Judge Terrence Nealon ordered [the company] to furnish documents showing it had authority to collect the debt,” [The Times-Tribune reports. The article states, “The case reflects nationwide troubles over debt-collection practices. Many companies file debt-related suits with insufficient records, faulty documents and questionable claims.”
John Monderine, CEO of a different Long Island based collection agency, Rapid Recovery Solution, states, “I hate that there is a whole industry of people teaching debtors how to find loopholes to not be financially responsible. The cost of goods goes up every time people don't pay for the items they received on credit.”
The article reports that in July 2010 the Federal Trade Commission called for reforms to “improve fairness to consumers.” According to article, “The report recommended states adopt measures making it more likely for consumers to defend themselves in credit-card cases and called for states to require collection companies to include more information about the alleged debt in court filings.”
Founded in 2006, RRS Collection Agency is headquartered at the highest point of beautiful Long Island. Rapid Recovery Collection Agency is committed to recovering your funds. We believe that every debtor has the ability to pay if motivated correctly. We DO NOT alienate the debtors; we attempt to align with them and offer a number of ways to resolve not only your debt but also all their debts.