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Friday, May 22, 2009

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Collection Agency

Nice article regarding Collection agency. .. thanks for sharing with us . . .

Now a days most of the companies adopted this kind of strategy for maximizes profits and minimizes losses.

Another benefit is that collection agency or outsourcing allows companies to avail high-quality services. So now a days outsourcing services are most important in every business organization.

Jen

It's about time. In my own dealing with mixed files on my credit report, two separate companies had the wrong person. In the first instance, it was a bank. It took nearly 18 months of complaints to figure out which agency goverened this particular lending institution. My State Banking & Insurance said the company was not legal to do business in my state. The FTC, referred me to the Comptroller of Currency. The Comptroller of CUrrency referred me to the Attorney General in the state the company is headquartered out of. By the the time the right agency intervened, the bank sent it to a disreputable third party agency to start a campaign of harassment. That started the dispute process all over again, taking another 2 years before I got a letter out of the original lender stating the debt wasn't mine. Did that fix my credit reports, NO - it has been re-aged, not removed, and I still get referred out to various "governing agencies" as they all seem to pass the buck on enforcing the laws.

In the second instance, the original creditor has no record of any past due bills/collections in my name. They also said the collection agency used their name as original creditor fraudulently as the collection firm was NOT contracted legally to do business on their behalf. The Attorney General took this information and started pursuing the collection firm. The colelction firm sent a flimsy letter of response claiming "clerical error" and they were closing their file. Within 10 days of this dated letter, the agency just forwarded the same invalid information to another agency (owned by the same principal's) in another state, again to try to frustrate and extort personal information including addresses, places of employment, social security numbers of myself and family members, bank account information, savings account/investment account information, etc. In any event these tactics of phishing are well beyond any legitimate collection attempt.

A central

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