With Collection Agencies Facing Increasing Law Suits, What Action Can A Small Debt Collection Agency Take?

February 25, 2008
Ashlee Hyden

Yet another leading collection attorney is the target of action by the Oregon State Bar and at least two lawsuits filed by consumers for violating the Fair Debt Collection Practices Act. Many debt collection agencies are beginning to complain about these collection lawsuits. Read more here (InsideARM.com, February 12, 2008)

In fact, lawsuit volumes are increasing (“Collectors, Consumers Disconnect at FTC Workshop,” Oct. 11, 2007).

So how can a small Debt Collection Agency be assured that they are operating within the Fair Debt Collection Practices Act? Each state has different laws, and compliance can be confusing and frustrating. The best tool to keep agencies compliant is a great software package.

DAKCS Software Systems makes compliance easier with software programs that allow you to research the State Collection Laws, including: Bad Check Laws, Fair Debt Collection Practices Act, and Statute of Limitations for debt collections. DAKCS Software Systems has been writing debt collection software for over 30 years, based upon client needs and industry requirements. The software is easy to use, and written to help you stay compliant with ever-changing state regulations. Today DAKCS debt collection software is the right choice for those looking to succeed in the highly competitive 21st century accounts receivable management world. DACKS software also links to applicable Collection Laws. You can find and print the state Collection Laws for your reference. Using DAKCS software correctly can help you prevent a lawsuit.

The DAKCS solution is more than just a debt collection software package, it is a robust product and services portfolio with all the collection tools backed by a DAKCS solution team who will guide you through the myriad of compliance regulations necessary for achieving peak performance.

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