Debt collectors in Latvia are a big industry because, although we are only 2 million people, we take a lot of credits and the total loan portfolio of Latvian households is over 6 billion euros. And this in turn means that many people have borrowed too much money and are unable to pay it back in time, where the credit institution then engages debtors, who are trying to recover those debts for all purposes.
And precisely because this industry is perceived to be bad and all those working there as extruders, people are often afraid of what will happen to them if their credit is passed on to these debt collectors. At first, the first thing to say is that these debtors also have to comply with laws and regulations, so they can’t do anything that would be illegal and it just makes people calm down, as soon as any of those employees working in debt collection companies violate law, so you have the right to sue him, and the judiciary treats these offenses very badly. But while these people cannot violate the law, they can intimidate people in the law and constantly give a message about themselves, just to expel the debt that people owe them.
Ranging from innocent e-mails and letters to your home and mobile phone, social networking and even call to work or calls to your relatives and acquaintances. The techniques used by these advocates are friends with trial and enormous fines if the debt is not repaid in time, as well as various other intimidation tactics, such as a private visit to the home or leaving the signs on your home door, thus showing that they know where you live and will not put you in peace until the debt is repaid. And, while all these techniques are legitimate, they still make a person afraid, because such strangers suddenly start to send these letters to you and call you, but worse if they come to you because you feel totally uneasy.
But even with all these things, it’s really scary from what you don’t have, because you just can’t get the door open, you can replace the phone and receive mail without getting rid of those letters. Of course, the best way to get rid of them is to finally pay for these debts, but if this is not possible, there are alternatives, because while waiting for calls and letters to arrive more regularly, you can try to avoid them and do nothing bad. you can’t!