Debt Collection Agency's Focus on Tardiness
Hollywood Video is a company that is long gone but that doesn't change the fact that fees seem to still be coming. Normally, a debt collection agency would work with all parties in order for an agreement to be settled on but this is not the case. Hollywood Video's fees have become outrageous to those that have been targeted but why is it that these fees are being brought to light long after the company's figurative burial? What are these companies doing wrong that most others get right?
When a rental organization such as Hollywood Video brings about late fees, it's fair to say that the customer would be notified right away. A morally good debt collection agency would most likely see something wrong in this action. Why would a company that's gone out of business bring about late fees so late? This is strange but what's even more so has got to be that the debt agency working alongside Hollywood Video is working in ways that most debt agencies shouldn't be.
Legitimately good debt collecting companies like Rapid Recovery for instance know what is needed in order to gain funds that are owed. All parties should be treated with professionalism and respect, no criminal act going unpunished. A high standard, to be sure, but it is attainable; this matter of thinking can't be applied to Hollywood Video. The debt collection agency that is working under the guidance of Hollywood Video doesn't feel that way and it goes to show in the 500 complaints filed in the past 90 days. The debtors may be in the right on this matter.
The company that has been focused on by irate customers is called Universal Fidelity, which has labeled itself as a "consumer advocate punching bag." I find this to be a pathetic move done on the part of a company which only wants to save itself while helping no one else. However, are the past 500 complaints actually fathomable? One has to wonder if these kinds of people are either lying or are just flat-out wrong. While some people may favor such an argument, I don't feel as though there's any weight to render it legitimate.
Consumers and their complaints only seem to grow and the late fees seem to be hurting their credit scores, too. There has to be motivation on the part of the consumers in order for justice to be served; why else would there be such strong buzz on this story? Something isn't right and it's a shame that good debt companies like Rapid Recovery find themselves in a business where others feel like being cutthroat is the only way to go. Don't let Hollywood Video taint your view; debt collection companies can be reliable and no story like this should make you feel otherwise.
When a rental organization such as Hollywood Video brings about late fees, it's fair to say that the customer would be notified right away. A morally good debt collection agency would most likely see something wrong in this action. Why would a company that's gone out of business bring about late fees so late? This is strange but what's even more so has got to be that the debt agency working alongside Hollywood Video is working in ways that most debt agencies shouldn't be.
Legitimately good debt collecting companies like Rapid Recovery for instance know what is needed in order to gain funds that are owed. All parties should be treated with professionalism and respect, no criminal act going unpunished. A high standard, to be sure, but it is attainable; this matter of thinking can't be applied to Hollywood Video. The debt collection agency that is working under the guidance of Hollywood Video doesn't feel that way and it goes to show in the 500 complaints filed in the past 90 days. The debtors may be in the right on this matter.
The company that has been focused on by irate customers is called Universal Fidelity, which has labeled itself as a "consumer advocate punching bag." I find this to be a pathetic move done on the part of a company which only wants to save itself while helping no one else. However, are the past 500 complaints actually fathomable? One has to wonder if these kinds of people are either lying or are just flat-out wrong. While some people may favor such an argument, I don't feel as though there's any weight to render it legitimate.
Consumers and their complaints only seem to grow and the late fees seem to be hurting their credit scores, too. There has to be motivation on the part of the consumers in order for justice to be served; why else would there be such strong buzz on this story? Something isn't right and it's a shame that good debt companies like Rapid Recovery find themselves in a business where others feel like being cutthroat is the only way to go. Don't let Hollywood Video taint your view; debt collection companies can be reliable and no story like this should make you feel otherwise.
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