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Consumer Law

: Alabama Consumer Blog

Debt Buyer/Collector's Thought Process On Settling Accounts

By M. Stan Herring

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There is an interesting web page that discusses how debt buyers and collection agencies should approach collecting debts. The title is "Developing a Good Collection Formula" and it does provide an intriguing look into the thought process on collecting debts, including why collectors so often want post dated checks. This is written by those in the collection industry - you can read more about John Pratt and Rick Shell here. Thanks to Sam Glover for posting on this which alerted us to this coll read more

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Full post as published by Alabama Consumer Blog on January 27, 2008 (boomark / email).

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