A debt collection agency is an intermediary that collects monies owed by consumers to creditors. They may also buy out old debt for pennies on the dollar and then attempt to collect on it. Debt collection agencies must obey federal and state laws, including the Fair Debt Collection Practices Act (FDCPA). They are prohibited from harassing you or lying to make you pay a debt. They also cannot call you at inappropriate times or use profanity. They should disclose their identity and the name of the creditor to whom you owe money. They should also provide you with a debt validation letter within 30 days of the first contact with you. URL https://www.credifin-nederland.nl/incassobureau-inschakelen/

Case Studies: Success Stories of Businesses Recovering Debts with Online Collection Agencies

When you are contacted by a debt collector it is important to take control of the conversation. Make sure you have a note of the caller’s name, company, phone number and mailing address. Using the information you can verify that they are who they say they are and that they are legitimate. If you are unsure, do not provide any information over the phone. If you are being contacted by more than one debt collector at once, you should call the original creditor to find out which company is handling your account.

Most debt collection agencies offer different fee structures depending on the type of account they are collecting on, how old it is and how many accounts you have in their database. They typically charge a percentage of the debt they collect or, in some cases, charge a flat rate for each account they handle.