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 collection formula article. Remember, if you are dealing with collection agencies, you can click here to review all of our posts on collection agencies and debt buyers. In addition, we have a general post entitled “What Alabama Consumers Should Do When Contacted By A Collection Agency” which can help you. Always feel free to contact us if you have any questions.
Another resource for you is to join our Facebook Fan Page – Alabama Consumer Protection Attorneys where we share useful information about the same types of issues that we cover in this blog.