4 ms·
Is there anything inherently shitbag about collecting debts? As long as you’re professional, follow the regulations and treat the debtor fairly, I’m not sure wh
by cameronh90 3y ago
Is there anything inherently shitbag about collecting debts? As long as you’re professional, follow the regulations and treat the debtor fairly, I’m not sure what the problem is. The debtor presumably agreed to take on the debt and still owes the money until either it’s discharged or they’ve paid what they owe.
There are obviously a load of shitbags in the debt collection industry, but the only way to change that is for non-shitbags to get into the industry and replace them.
- lcnPylGDnU4H9OF 3y ago> non-shitbags to get into the industry and replace them I don't think this really works in this case. Much of the debt being purchased by the shitbags is unlikely to be affordable by the debtor and the collector usually ends up unsympathetically ignoring the financial situation of the debtor to shotgun-harass (contact 20 people and hope 2 answer) them in an effort to make a profit. The non-shitbags realize that this is the only winning strategy and choose to do something else.
- omginternets 3y ago>Is there anything inherently shitbag about collecting debts? What's practically involved in collecting debt? I don't actually know.
- BobJS 3y agoLots of sending out letters and making phone calls. I spent a lot of time and energy trying to automate the process but the industry refuses to modernize.
- omginternets 3y ago>Lots of sending out letters and making phone calls. Can you elaborate? Who are these letters to? What do they contain? What happens if someone doesn't pay after you serve notice? What's the whole process like?
- juliusdavies 3y agoIf no letter has been sent about the debt in 2 or 3 years, the owner of the debt loses the right to collect the debt. (I can’t remember exact duration- probably depends on jurisdiction).