How Consumer Debt Collection Works, by Spokane Joe
This is an introduction to collections, charge off, repossession, and the current debt cycle that many good people are finding themselves in. It will be a generalization of the rules and laws as they differ from state to state. Let me start with my credentials. I have been a collector for the last 14 years. I have worked first party and third party files (the difference between the two will be described herein). The accounts I have worked have ranged from five days past due to 10 to 20 years past charge off. I have worked commercial, Small Business …