An automated debt collection system is preferable to outsourcing – the big business cure for everything. Call centers to India, software development to Pakistan, manufacturing to China. People who sell debt collecting services like to make us think that outsourcing will solve all our cash flow problems. I’m not sure that this big business wisdom makes small business sense in this case. Let me explain.
From the point of first contact with the Debt Collectors Scotland you should maintain a file which records the dates and times of phone conversations or messages the collector leaves you. Include details such as the name of the individual and summary of the conversation.
If you are looking for a debt relief or consolidation company make sure it’s legitimate. You should make sure to do research and look for reviews of the business online or with the Better Business Bureau to make sure the company isn’t fraudulent and does what they claim to.
I told him to take a breath and I asked him a few questions. I was able to discern that the last payment he made was in July 2006. That’s pretty old debt. Sounds like zombie debt to me.
When you start fixing your credit, pay down balances on the credit cards as soon as you can. First, work on the accounts with the highest interest rates and the highest balances. This will show creditors that you are responsible with the cards.
If the debt is legitimate and you want to work out a payment plan with them, make sure of two things. One, get the agreement in writing, and two, if you reach an agreement, make sure that you consistently make these payments.
And this is exactly what Bill Bartmann has accomplished. Although, a chain of events outside of his control swiftly destroyed the company he had so passionately created, the template for the business had been created for eternity. Thousands of people have benefited from his transformation of the debt collection industry and not just people who were in debt. By sharing his vision he breathed life into an entirely better way to manage the debt collection business and he achieved his vision and achieved billionaire success.