Bohemia, NY (PRWEB) October 01, 2012
On October 1st, CEO for collection agency Rapid Recovery Solution responded to an article published for The New York Times stating that debt collectors are using the signatures and seals of local district attorney’s offices to collect funds from bounced checks.
According to The New York Times, the act of prosecutors allowing debt collection agencies to use their letterhead as a collection method has spread to several district attorneys’ offices, approximately 300 within the last few years. “In return, the companies try to collect not only the unpaid check, but also high fees from debtors for a class on budgeting and financial responsibility, some of which goes back to the district attorneys’ offices,” reports The New York Times. According to the article, prosecutors use this method in attempt to zone in on serious crimes, explaining that these letters are only mailed to “check writers who ignore merchant’s demands for payment.”
However, this latest debt collection method is being argued across the country. The article states, “The district attorneys are essentially renting out their stationery, the lawyers say, allowing the companies to give the impression that failure to respond could lead to charges, when it rarely does.”
The New York Times article reports that there are billions of bad checks written by people across the U.S. every year. In an attempt to collect the money on these unpaid checks, debt collection agencies are hired. John Monderine, CEO for the collection agency Rapid Recovery Solution believes it is a person’s financial responsibility to pay their checks. Monderine states, “How could people think it is ok to write a bad check and not expect some form of collection process? This is financial irresponsibility. Perhaps these people need to attend a class to help budget their money better.”
The New York Times reports that since it is difficult to determine whether a person purposefully meant to defraud a check, many writers of bounced checks go unprosecuted. With this system, district attorneys’ offices benefit by receiving the fee charged for these “financial accountability” classes. The article states, “Check writers are led to believe that unless they take the courses, they could end up in jail.”
Founded in 2006, RRS Collection Agency is headquartered at the highest point of beautiful Long Island. Rapid Recovery Collections Agency is committed to collecting your funds. Rapid believes that every debtor has the ability to pay if motivated correctly. They DO NOT alienate the debtors; they simply try to team up with them to offer a number of ways to resolve not only your debt but also all their debts.