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How do the officials at Allied Interstate Collection Agency treat
consumers?
The section below highlights the
various ways in, which the pending debt amount is recovered from the consumers.
They try to settle the debt amount and discourage
consumers to maintain any documents.Use abusive languageThey also make phone calls to people who did not have
any debt account at all.Reports have also indicated that the officials
representing Allied Interstate Collection Agency also send mails demanding
to settle the debt account from people who did not have any debt account
at all. Provide telephone numbers, which do not exist at all.The collection agents try to get access to debt
accounts, which they are not entitled to. They call up the relatives as well as friends of the
debt account holders.
How to handle these unwanted activities and treat the problem?
Without the need to panic, the
first and foremost thing to do is to opt for debt validation without wasting
time. The consumers should keep this in mind that they have all the right to
defend themselves. The Fair Debt Collection Practices Act empowers a consumer
to do so.
Debt consolidation programs may answer the problem of consumers:
Alternatively, the consumer may
also settle for a debt consolidation plan. This will be required if debt
validation fails for the consumer. In any case, the amount a consumer has to
shell out will be less than the amount he actually owns. It may be recalled
here that there are several debt consolidation programs offered by reputed debt
consolidation firms who help consumers in settling charged off debt accounts
for a lesser amount.
Experts advice:
Experts are of the opinion that
consumers should collect all information about a particular loan program before
applying for it. Usually people to do so but under emergency conditions, many
fail to gather essential details. These collection agencies usually make use of
such opportunities and tend to trap innocent consumers.
About the company:
Allied Interstate collection
agency buys default debt accounts from banking as well as non banking financial
institutions for a very small amount. The financial institutions are assured
that they would get back at least part of the debt money if not the full
amount. This proposal is usually accepted by the financial institutions because
these debt accounts are usually written off by these institutions.
Once the charged off debt
accounts are bought by the collection agency, these agencies start their work.
Collection agencies usually have a reputation of collecting the money by
misbehaving with the consumers. There are exceptions though. Allied
Interstate Collection Agency has been considered to be a harassing one!
Allied,Interstate,Collection,A