Collection is the act and consequence of collecting : obtaining the money corresponding to the development of an activity, the sale of a product or the payment of debts. Collection is the collection in question.
For example: “Tomorrow afternoon I will not be able to meet with you since I have to make collections” , “The collection of this operation is taking too long” , “I already informed the director that we do not have collections scheduled for this week” .
Companies usually have employees or even offices or departments dedicated to managing collections . For any company, collecting payment for services provided or products sold is essential: the money obtained supports its operation. If the company does not get paid (that is, if its customers do not pay), it does not receive the funds it needs to operate and to assume its own obligations.
The collection procedure is usually stipulated by whoever offers the product or service. He who must pay, in this way, already knows what the conditions in question are. If a person contracts a telephone service and the telephone company, in the established contract, details that the collection is made from the 1st to the 5th of each month , the subject has to pay within that period. Otherwise, you will be at fault and may be punished in different ways (with the charging of interest or the cancellation of the service, to name two possibilities).
It is also important to know that those who specialize in debt collection must always respect certain rules. That is, they cannot carry out actions that are prohibited, such as these:
-Harass whoever owes the money. This means that you cannot constantly call him on the phone or threaten or insult him.
-Give you false credit information.
-Take possession of your property.
-Tell you that you will be arrested or seized if you do not pay the amount you owe.
-Pretend to be lawyers to “make” him afraid.
It should be noted that there are even companies specialized in collections . In this way, anyone who needs to collect money from other people does not get directly involved in the claim, but rather appeals to this type of entities.
Sometimes, collecting certain amounts is very complicated because the person who has to pay tries to avoid paying the money they owe. For this reason, there are those who resort to services known as “The tail collector” which is presented as a tool against defaulters. This is a service that consists of an individual, dressed in a tailcoat and carrying a briefcase with the word “delinquent,” following everywhere the person who has to pay a debt and does not pay it.
The fact that you may feel embarrassed and that your neighbors or friends may point out that you are delinquent may lead you to agree to pay the money you owe immediately.
In the event of a collection situation that does not achieve the desired results, anyone who is owed an amount must resort to the law. This means following the routes that exist for cases like yours, among which is filing the corresponding lawsuit.