All You Need to Know About Debt Collectors According to Paul Mackenzie Debt Consultancy

If you go for more than 90 days without paying your debts, it is likely that the creditor will enlist the services of a debt collection agency such as the Paul Mackenzie debt consultancy. The agency will therefore be responsible for collecting the debt, and you will be dealing with the agency directly in all matters pertaining to the debt owed. Depending on the debt you have, it is possible to have the debt adjusted to make repayment more feasible. For example, we work with debtors to create comprehensive plans that are easy to execute and that all parties are comfortable with.

Debt collection agencies get paid a percentage of the amount collected. This amount varies depending on the agency. Our portfolio indicates the terms of service and the remuneration for the debt collection. The agency uses a variety of means to attempt to collect owed money including by sending collection notices and making calls.

Collection agencies have to abide by strict guidelines set by both state and federal laws. These guidelines determine what the collector can say and when he can call. That said the collection company works under a deadline set by the creditor and is included in a contract. The deadline can be anywhere from 60 days to several months so there is a sense of urgency to collect debt. The pressure that the collecting agency puts on you is the same pressure put on the agency by the creditor. Similarly, the agency is graded on how often and how much it collects. In this case therefore, the reputation of the Paul Mackenzie debt collection service is at stake meaning that we go above and beyond to meet our client’s needs and expectations.

It is important to realize that the debt collector wants to work with you. At Paul Mackenzie for example, we try to set up a payment arrangement that debtors can realistically afford in their monthly budgets. The collector retains your account for the duration of your payments so both your interests are aligned in this way. Collection agencies may also offer financial advice and additional resources to get you on your way to repaying your debt.

All these things revolve around helping the client recover his money. We are one of the leading debt collection firms and have over a decade of experience in the business. Our goal is to ensure that the client receives the payments owed to him in terms that are agreeable by both him and the debtor. One of the great benefits of hiring a professional debt collection agency is you will get access to many more resources to make managing money easier.