Debt Collection Agency, Rapid Recovery Solution, Responded to News of Debt Collection Companies Selling Personal Information

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Following an article about debt collection companies wrongfully selling peoples personal information, Rapid Recovery Solution responded with their comments.

On January 10, 2013, debt collection agency Rapid Recovery Solution responded to a Global Times article by Song Shengxia, regarding the news of debt collection companies selling peoples personal information.

According to the Global Times article, “The debt collection business has been in the spotlight again recently after media reports that some debt collection companies sold people's personal information after they failed to collect overdue debts for banks.”

The article states that a manager of a debt collection firm in China, had received a list of people with bank debts, as well as their personal information, after a local firm sold the list when debtors failed to pay overdue debts. According to the article, “The list contained the information of almost 600 debtors, including their names, IDs, home addresses, contact numbers and the amount that they owed to the banks.” The article informed that some of the people on the list owed as much as $31,800.

Unfortunately, this is not the first time something like this has happened. According to the article, “There have been many media reports of debt collection agencies resorting to extreme measures such as intimidating phone calls and even violence to get people to pay their debts.”

John Monderine, CEO of debt collection agency, Rapid Recovery Solution, expressed his thoughts and feelings following the recent news. “It really is a shame that things like this happen in the world of debt collection, and that companies get away with it,” said Monderine. “I recommend both debtors and collectors do an extensive check on the agency before paying them or hiring them, to avoid this kind of scam debt collecting.”

Founded in 2006, Rapid Recovery Solutions 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.

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