Differences between the bailiff and the debt collector
Often, we treat the bailiff and debt collector in the same way, but not everyone knows that they are actually two different professions with different powers. What are the main differences between a debt collector and debt collector?
The difference between the debt collector and debt collector can be briefly summarized – the debt collector tries to recover money from the debtor before the case goes to court, while the debt collector recovers money after the court verdict. Most creditors, that is, people to whom debtors have to give money, decide to hire debt collectors to recover funds before the situation gets complicated and will require going to court.
Who is the debt collector?
A debt collector is a person who is trying to persuade debtors to pay their debts. To become a debt collector, we do not need entitlements such as bailiffs . Collectors primarily pass special rates, which are focused on how to effectively recover money .
The services of debt collection are mainly provided by large companies that serve clients who have debtors – banks, loan companies, telecommunications operators.
What can and can not the debt collector?
Debt collectors deal with activities described as amicable and do not have appropriate rights to bailiffs’ classes – these are the chief differences between the bailiff and the debt collector . The debt collectors mainly focus on letter and telephone contact. They send text messages, make calls, send letters reminding about repayment of debt. This is the main purpose of debt collection – to mobilize debt repayment.
The debt collector can not break the law, harass the debtor, for example, call dozens of times a day, can not scare him, he can not try to enter the house. It can, however, communicate to the debtor what the consequences of non-repayment will be and also help in spreading the debt into easy-to-pay installments .
Should we avoid the debt collector?
Debt collectors very often face the situation that the debtor avoids contact with them and ignores their attempts to communicate. The lack of answering calls, throwing out letters, however, does not change anything, on the contrary – postponing the matter causes interest to increase and, as a consequence, the case goes to court. Then the debt to be repaid will be even higher.
When does the debtor meet the debt collector?
If the debt collection does not bring the expected results, the case usually goes to court. Then the bailiff already deals with the enforcement of the debt. He is a public official whose duty is to execute decisions based on compulsory enforcement.
The bailiff can take funds in bank accounts and deposits, leaving the debtor only a small, required to survive amount. It can also execute the debtor’s assets, for example, it can take and auction movable and immovable property. It is also worth mentioning that we can not negotiate with the debt collector.
In conclusion, it is best not to deal with bailiffs at all. When there is a risk of non-repayment of debt from a loan or other source, it is best to immediately contact the lender in order to clarify the situation.