Comments Off on Debt collectors Illegally Hound People Who Don’t Owe Money

I hear this yelled loud and long from various media outlets. It does happen and it is interesting to view the comments of readers, most of who seem to be debtors. Here are some of the reasons it can happen and what you can do to make sure your debtors are correctly identified. 

Some debtors report the debt as ‘not theirs’ simply because it is an easy way to remove listings from Credit Bureaus. Creditors have only 20 business days to verify these disputes before the Bureau removes the listing. We cover this for you by responding immediately. 

Some debtors can’t remember or are co-signers or guarantors who were not directly involved in your business relationship. We send them documentation to show their involvement. If your applications and contracts are filled with correct information, this problem will be quickly remedied. Some debtors lie, and this is where your documentation and your screening accuracy are both important. Is the debtor a Jr. But didn’t tell you and you didn’t check? Is the Social Security Number correct? Did the debtor provide a photo ID? Did you call to verify work? If you did, you are safe. If not, the debtor may have used a relative or even a total stranger’s information to fool you.

If we cannot verify that we are speaking to the correct debtor, we must close our file. It could cost both of us a law suit. We don’t want that and you don’t want that either. The best solution is to be sure your applications are filled in completely and carefully checked and that your Contracts are properly filled out, signed and verified. 

We will then be able to proceed against more debtors and you will get more money.…

Understanding debt collection and background screening best practices can save your business big money. Building up front applicant screening into your business processes costs you very little, but saves you so much in the end. If you haven’t already, partner with a full service debt collection and applicant screening company to guide your business to a place of security and prosperity. Contact us to sign up for a free account and get started protecting your business today.


Executive Credit Management is a full-service Debt Collection and Applicant Screening agency with over 20 years experience located in Central New Jersey. We provide excellent service in the following areas: Employment ScreeningBusiness Screening, and Tenant Screening. Executive Credit Management belongs to a number of Skip Tracing databases and offers services to help locate and confirm the current address of missing debtors. Other services provided are: litigation evaluation on all lawsuit decisions, improvement of the quality of the applicant data, Lawsuit Monitoring, Handling of Debtor Disputes. Executive Credit Management features the best Call Monitoring System in the Debt Collection industry.