Market Overview

Debt Collection Agency Rapid Recovery Solution Released a Statement Regarding Transportation Service Using Collection Agencies on Delinquent Riders

Following a recent Vancouver Sun article about a transportation company using collection agencies to crack down on delinquent riders, Rapid Recovery Solution offers a statement.

Bohemia, NY (PRWEB) November 04, 2012

On November 4, 2012, debt collection agency Rapid Recovery Solution released a statement following a Vancouver Sun article by Christopher Reynolds about a transportation service using collection agencies to crack down on riders who are not paying fines.

According to the Vancouver Sun article, “The transit authority is making use of its new powers to collect overdue fines, putting out a request for proposals from “collection services” so it can flex the muscle it gained when provincial legislation came into force in September.” The article states that several collection agencies will be hired to collect fines that are unpaid after 90 days. According to TransLink spokesman Drew Snider, “resorting to a collection agency makes more sense than employing TransLink staff, who don't have the time or training to obtain unpaid fines from riders.” According to the article TransLink estimates they lost about $15 million to fare evaders, and hiring a collection agency could bring back about $4 million a year.

John Monderine, CEO of debt collection agency Rapid Recovery Solution, stressed the important of a collection agency for any type of business. “The debt collection industry is proving once again that it is a necessary part of any business. With trained staff, we have the ability to return you more money at less cost then you can do on your own. Rapid Recovery Solution would love to be considered for this task,” says Monderine.

Established in 2006, Rapid Recoverys Solution can be found at the highest point of beautiful Long Island. Rapid Recovery Collections Agency is committed to recovering your funds. We believe that every debtor has the ability to pay if motivated correctly. We DO NOT alienate the debtors; we strive to align with them and offer numerous ways to resolve not only your debt but also all their debts.

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For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/11/prweb10078660.htm

 

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