The US has become a hot spot for payment and lending of debts and there are as many as 30 million active Americans who are involved in the debt process in one way or another, making an average of 1500 dollars. Phone calls, emails, letters and searches on the Internet go on night and day to find the borrowers and the lenders alike, and the trend is only going to increase.

When someone into debt becomes a defaulter, then the collectors leave no stone unturned in making sure that they find that person. The process begins with small steps, and subsequently goes on to larger ones. So in effect, letters are sent first. Later on phone calls are made. When phone calls are not answered the next targets are the references listed on the account and profile. After the references the employers are contacted and they are queried about the history of the employee. Finally, Facebook and Twitter are the destinations that they look into to find the defaulter. In essence, they utilize every rule in the book and then some, to find out where the defaulter is. This process is just not unique to the payday collectors, but is universal. It’s actually how they make all that money.

So how exactly do these collectors go about their job of getting the defaulters to pay up? Obviously there are a lot of things that just meets the eye and that’s what we will be exploring next.

1. The economy of the country is kept alive by them. There is about $8 million that comes in annually through 10000 cash collectors who ensure that the economy is kept alive for the country.

2. The simple fact here is that the more you have to pay, the more they earn from you. There are bonuses involved when you pay up and how you pay up. The top dogs have the ability to make over 10K a month. There are some who are pushy in their approach and there are others who are nice to you. It doesn’t matter actually.

3. Of course, they have vast powers. 15%-33% of the total debt is often relegated as resettlement approved to the collections of the total debt. This essentially means that you can get settled on a lower amount by the collector. The same applies for credit cards & other debts.

4. Low ball offers is what they take. For example if you are making an offer pennies versus dollars then the collectors will be happy to take up the offer. You can usually make a start with a 25 cent offer for every dollar that you owe, and they will have it.

5. They usually follow the policy of the good cop and the bad cop. This simply means that they will not make it easy for you if you are thinking of desisting. They will tell you over the phone that it’s the manager who’s doing it but in effect, they will be doing it themselves.

6. Limitations on debts have statutes- Statutes also exist on the limitations of the debts and there are also limitations on the collectors who are filing lawsuits to the concerned bureaus, and this varies from state t state, and you will be notified if you have eclipsed the date. The lawsuit is opened up again if you don’t happen to acknowledge or recognize the debt you are in, and it does not matter how big or small that debt really is.

7. By default, they will find it the most enjoyable to call you up when you are working. This will be especially bad if you are thinking that you will not be able to pay back. The stress is multiplied because it’s the work that you are in and such calls should not be made at that time. They are legally bound to stop this pestering if you tell them to.

8. Of course, there are other laws too that bind the collectors from harassing you. Before 8 am and after 9 pm they are expressly prohibited to call you up. Other cases of prohibition include the threats to arrest you and other similar threats. You have the right to go to the Federal Trade Commission or even to the Attorney general if they make advances on you.