A debt collection agency is understood as another party, a third party, that acts as a representative of any business requesting such representation in order to collect an unpaid debt. Let’s face it, businesses are in whatever chosen market to make money, not to lose it, and in some instances it becomes necessary to hire a third party to actively pursue unpaid debts. A collection agency will sometimes collect debts for businesses or lenders and in other situations, they purchase unpaid debts so that the debt can be collected and the money then goes to the debt collection agency.

Accounts Retrievable Debt Collection Agency
A debt collection agency is required to abide by certain laws. They must not use a communication which simulates in any manner legal or judicial process or which gives the appearance of being authorized, issued or approved by a government, governmental agency, or attorney at law when it is not, Disclose or threaten to disclose information affecting the debtor’s reputation for credit worthiness with knowledge or reason to know that the information is false,and they may not simulate in any manner a law enforcement officer, or a representative of any governmental agency of the state of New York or any of its political subdivisions.
Here are some things you should do or be aware when a debt collector contacts you:
1) Check that the debt collector is licensed: Make sure the debt collector provide DCA numbers in every letter sent to you.
2) Make sure the debt collector sends you validation of the debt especially is the first collection attempt is by phone :Who is the original creditor?, the amount of the debt?, and the information about your right to dispute the debt.
3) Confirm if you owe the debt: Who is the original creditor? Do you remember buying a product or service from this business? Is the amount correct? Checking your credit report can help.
4) If you have hired an attorney: Contact the debt collector and give them the name and contact info of your attorney. Once they know you have an attorney, they are not allowed to contact you any more.
5) Keep a copy-front and back- of every letter you get from or send to the collection agency: You also should take notes on any phone conversations you have with debt collectors, including the date, name of the person you spoke with, and details of the call.
Call Accounts Retrievable System For More Info at (800) 327-4687