We intend to procure debt collection services for our company.
What area should be covered when preparing a terms of reference for a debt collection contract?
Check with your local attorney. Debt collection is covered by federal and state laws, and your company could be held liable for actions your agent (the collection company or its agents) takes. Attorney fees are small compared to the litigation cost by a single debtor's complaint.
Reply:Good question. A quilified lawyer should be able to help.
One is here: http://www.uschinacounsel.com
Good Luck!
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