When consumers fall under tough times, they become crippled with mounds of debt that has accumulated over the years.

Eventually, when that debt becomes burdensome, their monthly obligations to creditors quickly fall into a past-due status. Ironically speaking, most consumers want to be honest and be able to adequately pay their creditors. As we are all aware the debt collection arena plays a key part in the role of any country’s economy.

Lenders have the latitude of loaning money to consumers to be able to stay in business or pay off large sums of money to other organization so that they can continue to serve the public and or avoid bankruptcy.

The United States is full of debtors; almost everyone over the age of 18 has some kind of personal debt that they owe to financial institutions. If it’s not a mortgage or auto loan, it’s a student loan or some type of credit card. And when the unexpected hits and these obligations can no longer be paid, here comes the overwhelming flood of calls from collection agencies.

However, the concept is the same, it doesn’t matter whether it’s debt collection in the United States or debt collection in France. When consumers receive these phone calls, numerous reports from the Federal Trade Commission (FTC) report that collectors are one of the most complained about businesses. There are very few people that will report having a positive experience when attempting to speak about or even settle any type of claim against their credit.

Not all consumers have a concise understanding of what debt collection agencies are about. Yes, they know that these are collectors who are trying to get them to agree to pay off what has gone into default, but they may not understand that debt collection is also a type of financial account that has been outsourced to a third-party debt collector that is hired to collect unpaid debt for others.

In the United States as well as debt collection in France, once your name has reached the desk of one of the debt collectors, it is highly likely that the original creditor that you created the debt with had neglected to receive your monthly payment consecutively, (usually a period of 90 days). That being the case, they sent your account to the collection agency.

With this said, it is popular belief that it is more cost-effective for companies to hire debt collectors than to continue to spend their own manpower trying to pursue payment on delinquent accounts.

However, you may want to inquire with each one of your creditors in order to receive accurate timelines on when they actually turn your account over to a collection agency. Not all creditors operate by the same standards, and if you are more than 90 days delinquent, you may still have a chance to begin repairing your credit with the original creditor, which will go better for your credit payment history.

It is good to know that all agencies have to follow federal and state laws when speaking with you. The law protects you as the consumer and puts limitations on collection agencies as to when they can call and what the collector is allowed to say once they are able to speak with you. These collectors also have a contingency and many of these collectors are working with strict time constraints. What this means is that they try to get you to pay off the debt as quickly as possible because they are working by a “best collected due date” that has usually been pre-set by the lender that sent them your account.

Therefore, if you are in the position to repair your credit, either with the original lender or with the debt collector—it is better to do so as expeditiously as possible. This will help to repair your credit without you ending up receiving unwanted calls from multiple debt collectors in France.