Categories
Home
About Collection Agency
Collection Agency Classification
Nationwide Collection Agency
Site Map
 
 
   
I think the law has to be put in place on loan sharks and debt collection agencies

Question:
On the news that the debt agency used pouring paint tactic to coerce to pay the outstanding renovation payment which the owner the said was not done at all, I think the law has to be put in place on loan sharks and debt collection agencies. Debt agency should not come to visit debtor between 12 to next morning to disturb the peace. Debt collection agency, though licensed in collecting debt on behalf of clients, but they resort of pouring paint and shouting and so forth at debtors door. Though they claimed they do not do these things including of the pouring of paint thing, but they could subcontract the work to others to do it.


Answer:
Very difficult to enforce as like the case of a hit man who comes out of country. The case of the Hong Kong hit man who shot the man in a shop. Then go back to China. The case can be inferred to this only but cannot prove. What happens if the family dont want to pay the company whcih they borrow a large amunt of money and pretend that they cannot pay. Then they throw paint at their own home and the wife pretend to cry in public. The police then arrest the company owner ? If the case was proven like that later on, the company will sue the police for even more money



Submit your comment or answer


 

Home About Collection Agency Collection Agency Classification Nationwide Collection Agency Site Map


Privacy Policy