Debt Collection Laws Allow Active Military Personnel To Postpone Debt Payments

The Bradenton Herald Today recently published an article called Ask Doctor Debt is a Debt Collection Resource for Active Military Personnel, which explains the Servicemembers Civil Relief Act (SCRA). The SCRA is an act which was created to ease the financial burdens on members of the U.S. Military who are on active duty. According to the article, military personnel who are in active duty, including full-time training, are able to postpone payments on an array of different debts until after they return from active duty. This act is obviously relevant to collection agencies that collect from military members that are protected by the SCRA; attempting to collect on debts that have been postponed is illegal and can lead to costly and embarrassing lawsuits or other legal action and should obviously be avoided at all costs.
All of our debt collectors here at The Kaplan Group are trained in an extremely wide array of laws pertaining to commercial collections to ensure that our collection efforts are always 100% legal and ethical. Through over twenty years of experience we have come to believe that this is by far the most effective and professional collection policy possible and provides the highest returns for our clients.

Also, take a look at today’s newest article, called Collection Agencies and Strategic Plans – 1 Of 3. This article is the first in a new three-part series on creating both company-wide and department-specific strategic plans.
Here’s a brief description of the article:
Strategic planning can be appropriate for a large company, a department within a company, a smaller company and collection agencies. Strategic planning is a good idea in any type of economy, but it can be particularly important and effective during tough economic times, such as what we are experiencing right now. Strategic planning typically involves setting a longer-term goal and then determining what needs to be done currently and into the future to accomplish the goal. This article is the first in a three part series and will focus on developing a strategic plan for the credit department.

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