Quote:
Originally Posted by spacedog
I spent over 11 years working at law firms & financial institutions doing collections.. Unless you have written & signed contracts stating that an unpaid debt will go into collections if unpaid, you can not place it into collections.
A debtor needs to be notified in writing that you intend to default them & place their account into collections prior to you doing so.
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I disagree. Worked as a collection agent for 5+ years.
Public Law 95-109 Fair Debt Collections Practices Act
Federal Law
You don't need a signed contract that say anything about collections to place a debt with a collection agency. You'll need some kind of proof to get a judgement, but that doesn't even have to be a contract.