Everyone gets in a need of some money which they cannot afford, whether it is for business, for home or any other thing, at this time for your survival you have to take loan from someone, but most of the people are not willing to pay that loan back, there are some business companies as well which does not stand on their words and they do not pay you the amount, they keep on avoiding your calls and take you for granted, in this case, when a person wants their debt back, they hire a good debt collection agency. This agency is now responsible to help the person taking his debt back, they have legal rights and if the agency calls you for the debt recovery and you ignore their calls, they can take strict actions as well. Debt collection agencies can take many actions legally because they have rights, here is the list of some of the things they can do if you avoid them or the creditor:
Taking funds from connected accounts:
They do not need permission from you to take your funds, if your current account is connected to your credit card, they can take what is owed on your credit card. They just have to first warn you about the action.
If you are delaying the payments, the debt collection agencies can continue adding more interest to the payment, you will have to pay even bigger amount than your debt, and this is why it is better to pay the debt before it gets late.
Debt collection agencies have all the rights to keep contacting you through your phone, they can send you emails or letters to remind you to make your payment as soon as possible, they can even ask you for higher payments on behalf of creditors even it was not into the contract because it is their legal right.
If you have missed your payments and you are not even trying to pay, then the creditor or debt collection agency can apply for a County Court Judgment, in this case, you have to propose a repayment and if you fail to do this, the creditor is allowed to take actions. Visit this link https://www.eccreditcontrol.com.au/debt-collection-brisbane/ for more info on debt collection agency Brisbane.
Ignoring their calls and letters will drag you into a big problem, debt collection agencies are well aware of your every movement; they can come to your doorstep and ask for the payment and you will not be able to do anything because they are on their rights.
EC Credit Control can provide you with the service of commercial debt collection so that you can have your business done with amazing cash flow and no obstacles of blocked payments. For more information, visit our website.