The Debt Collection Timeline: Part 2

How do agents actually go about the collection process?

RSD agent will continue to make written and verbal demands upon the debtor on a frequent basis until one of the following outcomes occur:

1. Paid in full.
2. Settlement is agreed upon and paid.
3. Payment plan is setup and executed (exception to the 90-day rule, as many plans take up to 12 months or more to complete).
4. Litigation is authorized and carried out (exception to the 90-days rule, as litigation may take anywhere from 6 months to 2 years to complete the process).
5. Account closed as uncollectible with explanation provided to client.

Learn More About Debt Collection Companies

Debt collection companies shouldn’t hide their collection process. If you’re curious about how RSD works, check out our Learn More articles, or submit a question through our contact form! To place a claim, call (248) 370-8160 or submit a claim form here. We look forward to helping you!