What Is A Credit Collection Agency ?

What Is A Credit Collection Agency ?

Are you behind on your bills ? then chances are you have already been contacted by a collection agency. But what is a credit collection agency ? you ask. A credit collection agency is a company that is hired to collect bad debts for companies experiencing non payment from their customers. These companies try for a period of time to collect the bad debts from their customers then when they are unable to collect they hire a credit collection agency. Now these individuals will contact the customers who would not pay before and force them to pay these bad debts using whatever means needed. Many of these collection agencies will harass threaten and intimidate the customers just to get them to pay these past due debts. These tactics are illegal and against the fdcpa laws and many state laws as well. So what is a credit collection agency ?

Debt collectors as they are more commonly known who will tell consumers that they will face jail time for not paying bad debts. Nothing could be further from the truth you will not go to jail for not paying your debts. These debt collectors convince you that they have a vast knowledge of the legal system and you have broken many criminal laws. Next time a debt collector contacts you trying to employ these dirty tactics record the conversations and try to get the collector to get mad and lose their temper. Say things like “ What will you do If I do not pay”. Are you an attorney or a police officer? Will I go to jail ? Wait and see what the collector says and keep the recorder going the whole time. This will be powerful ammunition when you hire an attorney and sue them in court for fdcpa violations. So what is a collection agency ?

The answer is most are a bunch of Con- Artists who will do whatever is needed to collect bad debts even if they have to break the law. Become The Victor Not The Victim !

Knowledge Becomes Power Once It Is Applied !