Collection Agencies - kupferstein collection agency - Canada

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RE: kupferstein collection agency

Postby Ottawa_Chap » Fri Dec 18, 2009 06:30:28 PM

@Billy: Re-read this portion of your reply to my earlier post: "Most debtors legitimately owe the money. How else would you suggest companies seek to recover bad debts?

Or do you think they should be in the charity business, and leave debtors alone?"

It's the bolded txt that lead me to feel you supported the illegal behavior demonstrated by some collectors and the financial waste management clinics they work for..

Regardless, that right there just proved case and point again why debtors should be demanding a written settlement agreement prior to sending any payment. This way there can be no misunderstanding of the terms.
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RE: kupferstein collection agency

Postby ranzzzz » Fri Dec 18, 2009 04:49:33 PM

@Bill

"But you should just send them some post-dated cheques adding up to the full balance and see if they cash them."

Isn't that what you wrote? As OC said this method is a big no no in dealing with debt. I agree everyone should repay what they owe but if you are telling people to pay their debt to collection agencies with this method, I highly suspect what your motive is in posting in this forum.
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RE: kupferstein collection agency

Postby Bill K. Lecter » Fri Dec 18, 2009 01:38:29 PM

@OC, no, I believe you have put words in my mouth there - I didn't say any of that and always observe local regulations.

@myluck, I think if an agency started just doing debits out of someone's account like that without permission they would get smacked pretty hard by the ministry.
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RE: kupferstein collection agency

Postby myluck » Fri Dec 18, 2009 12:43:20 PM

NEVER send a collection agency post dated cheques. I am a previous collection agent and the usual practice is to continue taking money til you are tapped out and not neccessarily on the dates you want. NEVER give collection agencies your bank or credit card information......this is equal to wanting a disaster to happen (financially). If you are ready to pay this debt then send money order only......that way also you have a receipt for the payment.
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RE: kupferstein collection agency

Postby Ottawa_Chap » Fri Dec 18, 2009 12:23:11 PM

Am I reading this correctly? Billy, have you just supported my point with your comments? Looks like you feel that collection outfits should be allowed to step outside the Federal and Provincial legislations in place and do the following:

Use excessive calling tactics;
Telephone debtors outside of the legislated hours;
Defy Cease and Desist orders;
Utter threats;
Ignore requests by the debtor for documentation outlining the math behind the balance in question.

This only strengthens my view that every debtor in arrears should deal directly with the creditor and avoid negotiations with 3rd parties.
Infuriating one C/A at a time..
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RE: kupferstein collection agency

Postby Bill K. Lecter » Fri Dec 18, 2009 11:32:04 AM

Actually we stay employed by hitting our monthly targets. So quick money in the form of a settlement is usually preferred over long tail small monthly payments. A bird in hand, as they say (this of course depends on client handling procedures).

I would never suggest anyone send cash or a W/U wire transfer. Western Union Quick Collect is safe, though.

The original poster indicated they wanted a payment arrangement, so I suggested they roll their own. Most agencies will indeed cash the cheques and once the debt is paid they'll go away.

Really, collection agencies are not the evil empire you make them out to be. Most debtors legitimately owe the money. How else would you suggest companies seek to recover bad debts?

Or do you think they should be in the charity business, and leave debtors alone?
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RE: kupferstein collection agency

Postby Ottawa_Chap » Thu Dec 17, 2009 06:09:46 PM

The amount is not in question, it's your methodology. You and I both know the way you savages stay employed is to ensure the debtor pays as much as possible, for as long as possible. Hence why you are suggesting this person simply send off post dated cheques and trust that all will work itself out as it should in the end.

I'll cut you a little reprieve though, at least your not suggesting that Cash, or Western Union wire transfers be used as a form of payment; though my feeling is that if the amounts were large enough the temptation would be hard for the typical collector to resist.

Regardless, obtaining a written settlement agreement prior to sending any payment is paramount when dealing with any of these bloodsucking outfits. How many times have we heard of agencies making excessive phone calls, phone calls outside the legislated hours, defying Cease and Desist orders, uttering threats, failing to supply the debtor with documentation to support the claim for the amount being collected....??? And the list goes on, and on... So if the Agencies are going to outright break the rules, then every debtor should avoid putting any trust into a verbal promise, or, good faith gesture that they may off-the-cuff submit.

O.C.
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RE: kupferstein collection agency

Postby Bill K. Lecter » Thu Dec 17, 2009 04:45:47 PM

Will much interest really accumulate on a $300 debt?
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RE: kupferstein collection agency

Postby Ottawa_Chap » Thu Dec 17, 2009 02:46:13 PM

Without a written settlement contract in hand?? Geezz.. Billy, you really are doing your part to keep your colleagues fed. You and I both know that if N.A.F. sends in a whack of post dated chq's, they'll be cashed, and when those run out he/she will be presented with another demand letter for the interest that accumulated over the payment period.

Payments w/o settlement agreements are a road to disaster; especially if you are not getting that principal balance paid down quick enough!

O.C.
Infuriating one C/A at a time..
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RE: kupferstein collection agency

Postby Bill K. Lecter » Thu Dec 17, 2009 02:13:49 PM

Sounds like a real wildcat to me.

But you should just send them some post-dated cheques adding up to the full balance and see if they cash them.
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