Debt collection is not pleasant to us but it can touch everyone. It is above all a consequence of unpaid debts that are growing over time. When exactly do we risk debt recovery and what should we do when the debt collector knocks on our door?
Debt collection is used to recover debts from debtors. When in the past we had problems with repayment of loan or credit installments, we did not pay bills or invoices for the company, then we may be at risk. Debt collection is not the end of the world – we must remember that the debt collector is not our opponent, but his task is to make us aware of the consequences of non-repayment of debt, and these can cause a lot of problems.
Many mistakenly associate a debt collector with a debt collector – however, it is worth pointing out that they are two completely different people who also have other powers.
A debt collector is an employee of a debt collection company dealing with debt recovery. In order to become a debt collector, we do not need any rights – most of the employees are sent for special training. In the case of a bailiff, appropriate studies and a state examination are required.
The task of the debt collector is to persuade the debtor to pay the debt – for this purpose, the debt collector usually calls the debtor, sends a reminder of the debt, may also visit him personally in the place of residence or in the workplace. All actions of the debt collector must be within the law – he can not intimidate the debtor, threaten him with seizure of property, can not enter our apartment when we do not allow it.
The debt collector conducts the so-called amicable or soft debt collection, which consists precisely in contact with the debtor. However, if the debtor does not want to return the obligation, then the case may be referred to the court, and then to the bailiff. The bailiff, in contrast to the debt collector, can already take our property, money on the account, can enter our apartment assisted by the police.
When do we usually meet the debt collector?
As we mentioned earlier, debt collection takes place when we have unpaid debts. Then, the debt collector can report to us after a few months from the creation of the debt, but also after a few years – until the debt becomes time-barred.
When we receive a letter from a debt collection company, we should find out what debt is involved. Sometimes companies want to regain the expired debt – they have no right to it!