In this short podcast I’ll share three reasons why you should never send a collection letter on your own behalf.
In fact, recent lawsuits in California and New York highlight the liability and potential lawsuit(s) you could face should your collection letters fail to comply with federal and state laws mandated by the CFPB (or Consumer Financial Protection Bureau).
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After all, when you get down to it you really have two choices:
- you can keep doing what you’re doing (and hope for a different result)
- you can work with a collection agency that can help you recover what’s rightfully yours.
Either way it’s your money… you decide.