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When a debtor owes a creditor money and the creditor is seeking assistance collecting the amount owed, the creditor can either use a collection lawfirm or a collection agency. Lawfirms and collection agencies serve the same purpose initially.
Debtcollectors are notorious for harassing consumers when they seek repayment, calling excessively and threatening to take actions that may not be legal. What you may not know is that you are protected by the Fair Debt Collection Practices Act (FDCPA), a law designed to keep third-partydebtcollectors in check when they contact you.
For some people, it’s human nature to ignore disturbing and annoying problems like third-partydebtcollectors putting your phone number on their speed dial. Chances are CRM bought some old debt from an account you’d forgotten about or just couldn’t afford to pay. In a way they’re right.
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