It is clear that commercial debt collection is one of the strongest levels of work out there and I don’t think that anyone can say differently. There’s a tremendous amount of knowledge that comes with this field, as you will soon pick up on. However, what are some of the most important rules that you could correlate to this particular field, you may wonder? For those who are looking for more information, here are 3 guidelines that are worth looking into by both clients and debtors alike, too.
1. If you are curious about the best time is for the sake of communication, you have a good window of opportunity for such an action. A collector can only contact a debtor between the hours of 8 AM to 9 PM. If this is done outside of such hours, it’s a violation of the Fair Debt Collection Practices Act. This is just one of the rules to consider when it comes to the FDCPA but be certain that many others are just as vital to this line of work.
2. You cannot utilize deceit in order to attain a payment and I believe that there are many reasons for this. For example, what if a collector contacted you, stating that they would be able to arrest you upon failure of payment? This could not be anything short of a lie, especially when you consider that collectors do not have the authority to go about such an action. Only those who have been trained and certified in law enforcement could go about such a process.
3. When it comes to commercial debt collection, there is a strong level of restriction when it comes to embarrassing media. For those of you who do not know what this entails, keep in mind the idea of post cards, which is just one example. A collector can’t contact a debtor through this way. If you are curious as to what agencies along the lines of Rapid Recovery utilize, telephone and email are some of the most common methods brought into practice, as they are reliable.
Rules are part of any line of work, as you could imagine, but it seems like they are very much important here. After all, commercial debt collection is one of the most vital lines of work, whether you are talking about fixing a debt-related situation or allowing a client to attain his or her payment. The best work is going to be done if you know where to look. However, without the proper guidelines set in place, such work will not be able to come to the surface.
Contact commercial debt collections agency, Rapid Recovery Solution Inc., if you’re searching for some additional information about commercial collection services.. Unique version for reprint here: 3 Important Rules For Commercial Debt Collection.
