Deb collectors: what you should know


Debt collectors. Next to the dreaded taxman, they’re probably the most-feared financial folks around. And chances are, if you owe money on a delinquent loan, a credit card bill or a medical payment, you’ve heard from a debt collector.

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Debt collectors. Next to the dreaded taxman, they’re probably the most-feared financial folks around.

And chances are, if you owe money on a delinquent loan, a credit card bill or a medical payment, you’ve heard from a debt collector. Some work in-house for creditors; some are hired to collect on a company’s behalf; others buy up bundles of old debts and try to pursue repayment.

To look at how they work and what you should know, the Mail Tribune asked Robert Tavelli, former president of the California Association of Collectors Inc. and owner of a private debt collection firm in Santa Rosa, Calif.

 

Read more in today’s Mail Tribune.