Rapid Recovery Solution Answers the Question, Does the F.D.C.A., and the C.F.P.A. Leave Collection Services at an Unfair Disadvantage?
Bohemia, NY (PRWEB) August 05, 2013 -- On August 5, Rapid Recovery Solution comments on an article published by The Washington Post on July 19 titled “Hounded by Debt Collectors? Knowing one’s rights key to dealing with collection agency tactics” regarding a concern that laws restrict collection agencies attempts at collection services.
The Fair Debt Collection Practices Act and the Consumer Financial Protection Act have the wonderful responsibility of making sure consumers are not harassed by collection agencies, during the collection process. These acts outline guidelines for both personal debt collection agencies, and commercial debt collection agencies to follow to ensure proper conduct from collection services all together.
“People who are getting harassed by a collection agency should understand their rights,” says John Monderine, CEO of Rapid Recovery Solution.
States and federal debt collection Laws may be different. So if you think you may have been mistreated during accounts receivable collection you should contact the Federal Trade commission, but most often your state’s attorney general’s office. They would be able to make you more familiar with your states consumer protection laws.
So how would a debt collection agency collect on a debt? When I think of collections I think of the 1930’s mobsters breaking kneecaps to collect a VIG for a loan shark. Through seeing this in hundreds of movies I am led to believe that force is the only way to collect a debt. I asked John Monderine, “If you can’t make someone pay a debt by calling constantly and virtually forcing a consumer to pay by intimidation tactics how does one collect?”. John smiled when he told me “Look, when people are in debt, they know it. So when someone calls and uses scare tactics, and harassment to collect the debt the consumer locks up, hangs up, and nobody gets anywhere. At Rapid Recovery Solution we take a more sympathetic approach. People fall on hard times. The economy can shift in a day and a company can go south. That’s why when our representatives call we take the approach of helping the consumer get on their feet. When you can arrange a strategy for someone to pay their debt and help them do so, the call ends with the collector achieving their goal, but more importantly the consumer is on their way to putting their negative situation behind them. Smiles on both ends of the phone.”
I then asked him “So if the F.D.C.A., and the C.F.P.A. becomes more stringent. Do you feel that collection agencies are going to be S.O.L.?
He laughed and replied, “Only the Bad ones.”
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.
Sean Nolan, Rapid Recovery Solution, Inc, http://www.rapidrecoverysolution.com, +1 (866) 944-8610, [email protected]
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