OldDebts.com - Your online discount debt collection agency

Direct Debt Collections

Direct Debt Collections was formed as a division of Fidelity Information Corporation to respond to the needs of our online clients. Fully backed by the accreditation and licensing of the parent company, Direct Debt Collections offers the full force and effect of a full service collection agency at a fraction of the normal cost. Available only through our website, OldDebts.com, Direct Debt Collections combines the automation that has become unique to the Internet with traditional collection techniques that have been used for years.

Automation
Direct Debt Collections Since the emergence of the Internet, the proliferation of do-it-yourself business models have flourished in many industries. Now we are able to go online and purchase goods, trade stocks and do our banking. It is with that thought in mind that we developed a secure website that allows you, the creditor, to data enter debtor information, customize the formulation of collection letters, and report to the major credit bureaus. All for a small one time charge on your credit card. The automation makes it easy, quick and affordable.

Collection Methods
Over the years, the collection industry has developed many techniques for successful recovery of delinquent debt. We have refined and improved upon the most effective methods and incorporated them for your use. Never before has the opportunity to use these proven collection methods been available directly to the creditor. No longer do you have to risk the forfeiture of high contingency fees to have the best collection techniques at your disposal.

The Winning Solution
By combining the technology of the Internet with these aggressive collection techniques your debtor receives notices from a bonafide collection agency, Direct Debt Collections, but is requested to send his payments directly to you, the creditor. This gives you the strength of using a collection agency without giving up any of the control. You decide when to stop the letters. You decide to report to the credit bureaus. Most importantly you are the only one that handles the money!

In the News

Presidents Message

March, 2003
By Gordon P. Gitlen, Esq., Action President

Our February meeting was again well attended. Our guest speaker Jeff Cronrod, of Rent Recovery Services, the largest landlord collection service in the country, was informative and well received, along with the other speakers, Tom Nitti and Rosario Perry, who presented the membership with legal updates. Recent local activity by the Rent Control Board was addressed as well. The Santa Monica Rent Control Board recently passed Regulation 3304, which would allow for a rent increase if the tenant is not using the controlled residential rental premises as his principle place of residence. The regulation provides, subject to a hearing in front of the Santa Monica Rent Control Board, that rents can be raised to market level. Of course, there are many exceptions that would prevent the increase in rents, but the Rent Control Board has announced a commitment to eliminating the use of controlled residential rental units for tenants that are on permanent vacation. The Board's intention is to pass a local regulation to avoid state legislation in this area. At least the Board recognizes that there are tenants taking improper advantage of their mandate!

Also in the last month, at least one Court determined that if a unit is not rented, then you do not have to pay a registration fee to the Rent Control Board. The Small Claims Court Ruling is not binding on other courts, but this Court reasoned that Rent Control jurisdiction is limited to controlled residential rental units, not those units that are not rented. There is no benefit or detriment to a landlord or tenant and there is no administrative agency work entitling the Board to a fee for units that are not rented.

I have received complimentary feedback regarding our meetings as well as our new meeting location, the Roosevelt Elementary School Auditorium. There is plenty of room for parking as well as for attendance. Our most recent presentations (generally the first Monday of every month) have focused on property owner awareness of the new laws and regulations. New forms are available from the ACTION office, which you must use.

Finally, in light of the Space Shuttle Columbia disaster, we must constantly reassess our personal worth. While we would all like to believe that we are the center of our own universe, the stark reality is that we are on a limited journey called life. Earth when viewed from space is a speck of dust and water which is magically and mysteriously molded in a space time continuum. In the words of Deepak Chopra, every human being is part of one people, one life, one consciousness. The totality of nationalism and patriotism divides us in troubled times, yet viewed from the astronauts' window on board the Columbia, we are warring over imagined differences for boundaries that we pretend exist. Every space shuttle crashes to a wounded and mutilated Earth, even when it lands successfully. Thank you, Deepak Chopra. We, at ACTION, however, remain committed to preserving property owners' rights now and for future Americans even in Santa Monica.