When I talk to someone about collection agencies , these are the reactions I get,
They are animals , they do not know how to talk.
They are there just to collect money at any cost, they do not follow laws.
And Blah Blah but everything against them.
Do we have good collection agencies, which work with the customer in repaying it? Is it possible? :)
I have some respect for collection agencies as their bread and butter is collecting money, do we ever co-operate with them? Can we make a good path between collection agencies are customers, creating some more respect for them.
Lets have a debate , Are we going too harsh on collection agencies?
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.