5 thoughts on “What is called collection”

  1. The meaning of collection in different industries is different:
    Agriculture: Farmers are planting crops when planting crops, which can speed up their maturity by borrowing ripe hormones. Common ripeners include ethylene.
    The borrowing industry: Collection is a civil behavior of remedy for bad debts or personal arrears of enterprises. The two parties collected are the creditor and the debt party. If the debt party is weak or inadvertently repaid the debt, the collection party puts pressure on it through some civil methods to promote its debt.
    The goal of collection is “bad debts”. When enterprises or individuals cannot recover bad debts or arrears, they have spawned the collection of this industry.
    Extension information:
    Preprominity is generally a SMS reminder, and then telephone collection, letter collection, on -site collection, and legal collection. This involves both information collection under the legal framework and the protection of the legitimate rights and interests of the debtor. The entire debt collection industry must achieve sunny and legalization, which requires the joint promotion of the government, enterprises and society, and work in various aspects.
    (1) First of all, urgently need to clarify the specific competent authorities, formulate legal provisions related to the collection industry, further improve the regulatory policies and legal systems, so that the collection behavior can be rely on. Both the United States and Hong Kong and Taiwan have formulated special debt collection legal norms and are worthy of reference.
    (2) Secondly, the corresponding self -discipline conventions that collect the industry should be introduced to make self -restraint and standards in the industry. For example, the collection company can be required to disclose its standardized business process system and complaint handling system.
    (3) Once again, it is necessary to pay attention to the development of high -tech collection methods in time to better balance the relationship between the information of the debtor and protect the privacy of citizens. For example, some companies currently use artificial intelligence and other technologies for intelligent collection, including automatic loss of over -connection, relying on big data to establish a collection model, and use front -end robots to send voice transmission and batch text messages.
    Reference materials: Baidu Encyclopedia-Collection

  2. In fact, debt collection is actually in the name of creditors, from the debtor to a fair and moral way to recover arrears and overdue payment. Usually creditors should either collect their own debt or hire the company’s joint letter group as a third party to represent him in front of the debtor. If it involves the collection company, the entire debt recycling process belongs to the process of intermediate debt collection. It can be carried out in a country (local debt recycling) or between the country and the country (international debt recycling). The scope of the collection business depends on the location of the debtor. If the debtor lives in the country where the creditors are located, the recycling operation is the local debt recovery process, which will be carried out in accordance with local and local behavior and laws. If the debtor lives in a country different from the creditors company, this process will be carried out at the international level. The collection company and lenders must not only abide by local laws, but also abide by the regulations of the debtor’s country.
    The detailed process of debt collection
    The debt collection procedures will be different due to the different creditors, but in general, you will encounter the following situations:
    Your account has been overdue. This is usually completed by the internal collection department of the creditor.
    The creditors transfer your account to the state of “cancellation/dumbfound”. This usually occurs after 180 days without payment. If this is a credit card account, you will no longer use your credit card. This negative mark will stay on your credit report for five years.
    The debt you owe will be sent to the collector. Your creditor hires a collection company to collect money from you. It may even sell your debt to the agency, which means that your creditors will no longer participate in the process of the next step. You can only cooperate with the collection company to repay the debt.
    The recipients contact you to verify your identity. They may confirm your identity by email or phone, and may even call your friends, family or employers to verify your identity. However, it does not allow them to talk to anyone about your debt, except yourself.
    You will receive a written debt verification notice from the collector. Once they verify your identity, you will receive a letter to explain the original creditors, the amount of arrears, and how to deal with it within 5 days.
    You can continue to receive calls and letters. Until you agree to repay the debt, your debtors will continue to call and send it to you.
    You talked to the payer and agreed to repay the debt. At this point, you can try to negotiate with the recipient, try to wipe the costs, late fees and other costs, and even repay it with a smaller amount than the amount of owed.
    In cases. Once you pay off the arrears, the creditor will close your account, and the collector will not contact you anymore.
    web links

  3. How to distinguish what is violent collection, how to avoid violence collection

    n00:00 / 02: 2870% shortcut keys to describe space: Play / suspend ESC: exit full screen ↑: increased by 10% ↓: reduced volume decrease by 10% →: single fast forward 5 seconds ←: single fast retreat 5 seconds Press hold down and hold it holding up. Here you can drag no longer appear in the player settings to reopen the small window shortcut key description

  4. Receiving interest refers to the interest that the bond investment and other interests that have not received the interest date but not received, and the bank’s regular deposits are calculated at the end of the accounting period. The so -called loan collection refers to the behavior that the lender does not repay the principal and interest on time when the loan is overdue. In practice, the most commonly used method for loan collection is to send a notice of collection. The collection notice is a legal document that urges the borrower or guarantor to perform debt and bear guarantee liability. The lender can send a notice to the borrower and the guarantor, or it can be sent together. Regardless of the method of collecting collection notifications, the collection notice must be written in the contract number, name, loan amount, the amount of not being fulfilled, and the required borrower to repay the principal and interest of the loan, and the guarantor performs the guarantee liability. In addition, it should be noted that the collection notice must be sent in the name of the lender, and the inside of the lender’s internal institutions or the loan is invalid.

  5. Credit card collection is divided into two types: bank urged and outsourced collection. Internal urging usually means that customers who are overdue within three months are generally reminded by bank customer service (M0 period) or electrical troops (M1, 2) Outlets office on the door (M3 period) to make overdue payments!
    If out -of -the -ware collection mainly refers to the credit card center for some difficulty processing, problems, losing contact or small amount of customer groups, and entrusted to companies that specialize in the collection industry (some are law firms) after internal collection. Reminder!

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top
Scroll to Top