David Schoen, the lawyer who represented debt collectors and credit card companies after their clients were sued, has become a leading advocate for the use of debt collection to help people recover their debts.
Schoen said the new debt collection terms were a safer choice than going through the courts.
“People have a choice to pay and pay and then they have to wait a month or two to see if their debt collection company has done a reasonable job of paying,” he said.
“They’re not going to go through the court process to see what happens.
So people who have outstanding debts have a more stable situation.”
Mr Schoen said he believed most people would be better off if they started collecting on their debts in a timely manner.
“You don’t want to go into a debt collection business that is going to be overcharged and undercharged, and you don’t need to worry about paying off the debt,” he told ABC Radio Adelaide.
The new terms of service, introduced last month, stop debt collectors from using credit cards and mobile phone debt collection as their primary method of collection.”
I think the majority of people would benefit from it.”
The new terms of service, introduced last month, stop debt collectors from using credit cards and mobile phone debt collection as their primary method of collection.
Instead, they are encouraged to use debt collection agencies like DebtCollector, a collection agency based in Melbourne.
Debt collection companies say they are doing a better job than their competitors, such as Equifax and Experian, who collect on debts without the need for a debt collector.
Topics:consumer-finance,consumer-protection,consumerism,consumer,debts-and-debts,financial-disputes,financial,consumer policy,community-and‑society,alp,melbourne-3000,sydney-2000,vicContact Louise O’Brien at [email protected]