Quote:
Originally Posted by G-Rotica
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.
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In that same article it also describes those laws only apply for consumers who default on lines of credit for personal, family or household use...
(credit cards, cars, insurance, etc)...when someone fucks you over on business...its a whole different ball game...you dont NEED a contract, but if youre not using contracts, youre just dumb
, its not good biz sense at all.