Role of debt collection agencies
Debt collections agencies can be paid in two ways, first way is to pay debt collector a fixed amount and the other way is to pay them a percentage of the total debt collected. There are some agencies that straightaway buy a debtor, it means if a debtor was supposed to pay an amount to a company, once the agency buys them, the debtor will have to pay the amount to the agency then. By doing so, the company gets some percentage of the total debt. Debt collectors aren’t authorized to enter your premises or take possession of the belongings but they can only demand money from you. They just keep calling the debtors time and again and keep reminding them about the debt but on the other hand there are some unprofessional collectors as well, who threatens the debtors with the intention of recovering the dues in short span of time. - http://4ampac.com.au/
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