Collection Agency, Rapid Recovery Solution, Released a Statement Regarding a New Bill Passed for Debt Collection in Minnesota

Share Article

Following an article about a new bill being pushed to make debt collection rules stiffer in Minnesota, Rapid Recovery Solution releases a statement.

On January 21, 2013, collection agency Rapid Recovery Solution, released a statement following a Minneapolis-St. Paul Business Journal article by Mark Reilly, regarding the new bill that is being pushed to toughen debt collection rules in Minnesota.

According to the Minneapolis-St.Paul Business Journal article, “Minnesota would make it tougher for debt collectors to go after any old "Jane Smith" unless they can prove that she's really the Jane Smith who owes them money.”

The article states that the a new bill being brought about by state Attorney General Lori Swanson, would make companies bring proof to court that the information they have on a debtor is good information. The bill was put into motion due to a law suit against Midland Funding “robo-signing” affidavits for collection lawsuits, and lying about having proof of consumer debts.

The article mentions that some of the collection agencies in Minnesota are not opposed to the bill. According to the Minnesota Association of Collectors, “much of the problem stems from companies that buy up uncollected debt from others, rather than primary debt collectors.”

John Monderine, CEO of collection agency, Rapid Recovery Solution, expressed his thoughts on the recent bill being pushed to toughen collection. “Boundaries have to be set up, or rogue agencies will be trying to unlawfully collect debts,” said Monderine. “This bill will bring the amount of unlawful collection down for sure, so overall it is good bill to have pass.”

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.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Visit website