ChamberofCommerce.com Partners with Rapid Recovery Solution: Providing Small Business Owners with a Source for Reliable Debt Collection ChamberofCommerce.com connects over 1 million merchants with Rapid Recovery Solution’s outstanding debt collection services.

Bohemia, NY (October 13, 2010) – ChamberofCommerce.com has agreed to an exclusive marketing partnership with Rapid Recovery Solution, a reputable and proven Federal attorney-based debt collection agency. The partnership will give over a million small business owners on ChamberofCommerce.com a dedicated and professional option for recovering unpaid debts. Rapid Recovery Solution knows that uncollected debts hurt a business owner’s bottom line and their lawyers will work effortlessly to recuperate the money you are rightfully owed.

“At ChamberofCommerce.com we provide our small business owners with an array of financial services to help them reach their business goals,” said David Bayer, CEO of ChamberofCommerce.com. “It’s hard to grow and succeed as a business when you aren’t being compensated for the services you are providing. Rapid Recovery Solution knows that, and they are dedicated to recover the funds that are rightfully yours in a professional and lawful manner.”

“Rapid Recovery Solution is excited and honored to be the collection company chosen to help the members of ChamberofCommerce.com recover the money that is rightfully owed,” said John Monderine, CEO of Rapid Recovery Solution. “It is hard enough to do business in this economy, the last thing you need is for somebody to think they can take advantage of you. RRS will help you focus on running your business and ease your worries about getting paid.”

Rapid Recovery Solution will be contributing informational guides on ChamberofCommerce.com covering an array of topics regarding the laws and regulations of debt collection, the rights of an unpaid business owner, and techniques on how to legally and safely attempt to recover your lost wages on your own.

About ChamberofCommerce.com: ChamberofCommerce.com is dedicated to helping local business owners grow their business and their web presence online while also facilitating connectivity between local businesses in more than 7,000 Chambers of Commerce worldwide. ChamberofCommerce.com works with local business owners by providing tools and education to them develop, manage and grow their business and their web presence. CoC.com also helps increase membership within local Chambers of Commerce. They provide technology, tools and education to local Chambers of Commerce to help them communicate more effectively with their members online and provide them with more efficient and expedient customer support. CoC.com also works with industry-leading business-to-business solutions providers to introduce innovative products and services to more than one million small, medium and enterprise businesses.

About Rapid Recovery Solution: Rapid Recovery Solution is a Full Service, Federal Attorney Based, Debt Collection Agency serving business customers worldwide. RRS offers a NO Collect, NO Fee program that is guaranteed to get you results or the service is free. RRS also has an extensive network of Attorneys in every jurisdiction that will file lawsuits on your behalf. RRS will become an extension of your business and they will do everything possible to maintain a working relationship with your debtor.

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It is true that Americans plagued with outstanding debts and delinquent accounts will generally suffer through a slew of punishments for their past errors. Threatening collection letters, frequent phone calls, negative credit marks, and even the possibility of ending up in court are examples of retributions for non-compliance. One only needs to type “debt collector” into Google to discover a whole slew of angry, defensive blogs that are anti-debt collector. After all, personal finance, is well, personal, and it becomes a sensitive issue when someone is asking you why you don’t have money.

However, a new trend is signaling a power shift- more and more debtors seem to be suing debt collectors first! The Fair Debt Collection Practices Act is a stiff and lofty piece of legislation written in 1978 governing specifically what third party debt collectors can and cannot do. Any type of violation of the FDCPA can be reason alone to take a collector to court. The FDCPA states that third party debt collectors can ONLY call between the hours of 8:30 AM until 9:00 PM. With the number of frivolous lawsuits on the increase, I would not be surprised if a third party debt collector got dragged into court for calling someone at 8:28 AM.

Do not get me wrong. I think that the FDCPA is totally necessary. When it comes to personal finance, people need to be protected. People also deserve to be treated with respect, and live lives free of harassment and belittlement. But there were 8,347 consumer lawsuits filed against collection companies in 2009. That’s a 55 percent increase over 2008, and double THAT number filed in 2007. As the recession persists and people become unable to repay debt, it makes sense that debt collectors may be more hostile and persistent. But there is an unmistakable trend here: suing debt collectors has become the new thing.

Some of the debtors are plaintiffs suing for the first time. A good amount of these people have substantiated claims of harassment or abuse. In all fairness though, it is a definite possibility that many debtors are more aware of the FDCPA, have come across a surly collections agent and are suing on a technicality. But there is a rarer, stranger breed of debtors who compulsively sue debt collectors. Generally, these people have debts worth tens of hundreds of thousands of dollars, and many have claimed to sue debt collectors as a job in the news. First of all, how does someone even rack up that much debt? These people will purposely bait debt collectors over the phone while recording conversations, and when if exasperated debt collector violates the FDCPA in response, they will immediately be taken to court.

I have seen interviews with these characters, and it’s their hope that favorable judgments against collection companies might place them on a “collections blacklist.” If he has successfully sued enough debt collectors, other agencies will catch on and want nothing to do with him. This is just puzzling to me. I have always been good with finance and it simply blows my mind that someone could owe ten thousand dollars or more in debt. And it seems like the effort put into suing these debt collectors might be more productively channeled and more fulfilling if put towards obtaining an honest job.

Again, I stress that a good deal of consumer who find themselves in court with collection companies have good reason to sue. But the fact that the number of lawsuits against collection agents has grown by pretty much one hundred percent in two years seems to prove that suing debt collectors seems to be “the new thing.” To be perfectly honest, I work in the field, and most of the debt collectors I know are scared stiff of getting sued. They know the FDCPA like the back of their hand, and would never lose their temper and jeopardize their jobs. Just like debtors, they too have bills to pay and families to feed. I receive emails all the time offering to sell me lists of debtors who have sued more than one collection agency so that they can be avoided.

I feel as if both people on both sides of the phone have to keep in mind that they are speaking to a fellow human being. I have heard anecdotal stories on both ends, about debt collectors who threatened to throw debtors into jail (which is a total and completely illegal lie) to debt collectors who are able to offer financial advice and help debtors out of sticky financial situations. So, as someone who is not a debt collector, but spends a lot of time observing the situation, I implore everyone: “Can’t we all just get along?

Mallory Megan works for Rapid Recovery Solution and writes articles on medical collection agencies. This article, Suing Debt Collectors For A Profession – A Trend On The Rise is available for free reprint.

In article one in this series I spoke about the growing problem of bill collectors calling more and more frequently as the economy suffers. From recent research, complaints about collection agents cursing and threatening debtors, and calling at inconvenient times rose steadily, but complaints about repeated phone calls shot up from 15,000 to 41,000 far outnumbering other complaints.

In the last article I wrote about an anecdotal story my mother told me about how she was repeatedly called by a store’s collection department about a small bill that she had before it was due. The store was calling because it anticipated payment to be late, and was calling many times a day for several days starting at eight in the morning and ending at eight thirty at night.

Well, she paid the bill before it got late, and picked up the last time a collector called, which was after she had already paid the bill. Keeping in mind what I do for a living, she was pleasant with the collector but alluded to the fact that the store must really be suffering to have called her as much for a small amount that was only anticipated to be late. The collection agent was nice, and admitted that he was embarrassed to have been calling so many times.

So that brings us to the question “why?” Why are debt collectors calling so many times? There are a number of possible reasons. For one, in today’s economy, even debt collection is suffering, and collection agents might find themselves with fewer accounts to deal with. The less debtors that a collection agent has to call, the more times they will probably try to contact the debtors they do have to try to get that commission. Additionally, most debt collectors do not work for the original creditor. What happens is that the creditor will sell their debt for much less than was originally owed, or the creditor will hire a third party collection agency on commission, in which case the agency only gets paid when it collects.

Additionally, the simplest answer might be that many Americans used to be in a position where they could have paid off their debt, and now are not. When the collection agent called the first time, they would have gotten paid in the past. Whatever the reason may be, if you have a collection agent calling you constantly, keep in mind that it is not a good idea to simply ignore them. Ignoring a collection agent means negative credit scores, further collection action, or even a lawsuit. And also remember that the FDCPA prohibits third party collectors from repeatedly calling debtors, but the definition of repeatedly is if you hang up the phone, and get an immediate phone call, hang up the phone again, and get another immediate phone call. In other words, if the phone is ringing off of the hook.

Mallory Megan works for Rapid Recovery Solution and writes articles about commercial collection agencies. This article, Debt Collectors Calling More And More Frequently As Of Late Part Two has free reprint rights.