Bohemia, NY (PRWEB) November 09, 2012
On November 9, 2012, debt collection company Rapid Recovery Solution commended a recent Daily Finance article by Matt Brownell on how to spot a fake collection agency that may be asking you for money you do not owe.
According to the Daily Finance article, “The Federal Trade Commission announced Tuesday that it had settled with a California man who was working with phony debt collectors in India to scam American consumers.” The article stated that the phony company collected more than $5 million in a two year span. According to Elizabeth Scott, a staff attorney at the FTC, "At the time we filed the complaint in February, we had seen over 4,000 consumer complaints."
According to the article, one of the red flags that many phony companies share, are calls coming from India, however still urging victims of the scam to listen to the content more than the accent. Scott says in the article that, "The red flags are less about accents, but the kinds of statements they make." The article states that some examples of these statements are threats of going to jail, and refusal to provide a written validation notice.
John Monderine, CEO of debt collection company Rapid Recovery Solution, commended the articles information, as well as lending tips of his own. “The best way to know if you are on the phone with a real debt collector is by asking for the supporting documents. If they don't have any, hang up. If they provide proof, you probable need to take the call seriously,” says Monderine.
Founded in 2006, Rapid Recovery Solution, Inc. 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.