Collection Agency Rapid Recovery Solution Reacts to an Article Stating that Debt Collectors Are Accessing Information through Social Media Websites

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The CEO for the collection agency Rapid Recovery Solution comments on an article published by US News regarding the valuable information some social media sites provide debt collectors in pursuit of debtors.

On October 2nd, the collection agency Rapid Recovery Solution responds to an article published by US News revealing that some debt collection agencies use social media sites to collect information on debtors.

According to US News, debt collectors are utilizing social media sites like Facebook, Linked In, and Twitter to gain information about debtors. Although US News explains in the past debt collectors depended on White Pages for accessing phone number or address information, today collectors can take advantage of the information people willingly put on the internet. According to Howard Beloff, the president of CSRS Collections Inc., collectors can even view LinkedIn accounts to gain information regarding where a debtor works. The article states, “In other words, put information—a public Facebook status, a LinkedIn update, a tweet—about getting hired at a new job onto the internet and collectors get a signal that you might have money available.” In addition, the article reveals that certain states make court records available online and collectors can find possible addresses by viewing “skip tracing” websites.

US News states that accessing information that has been made public via social media is not a deceptive tactic on a debt collector’s part. However, the article reports that it is illegal for collectors to message, tweet, or email a debtor regarding their debt. Although the article professes how valuable social media has been for collection practices, according to John Monderine, CEO for collection agency Rapid Recovery Solution, “Social Media is a great tool for discovering new information but it won't replace traditional methods.”

“Roughly one in seven Americans—slightly more than 14 percent—is being pursued by a debt collector, according to the Federal Reserve Bank of New York,” US News reports. The article warns those who use social media to be wary with putting their personal information in the public eye.

Established 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 strive to team up with them and give them a number of ways to resolve not only your debt but also all their debts.

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