The financial system in which we live today implies the existence of a tool such as lending. It is carried out by those or other entities in various fields of activity. We are used to the fact that lending is banking (and, in turn, is divided into different types - consumer, automobile, housing, and so on). The principle of providing funds to the debtor is the only one - it is the formation of debt, which must be repaid after a certain time or after the occurrence of some event.
Meanwhile, debtors are not only in the field of bank loans. Very often, debt is formed after the services provided in the telecommunications sector, for example. Of course, the debtor is not always in a hurry to return it.
What do they do to pay off debt?
In the practice of banking (and not only) relations between entities, a mechanism such as debt collection has developed . This tool cannot be called new, because it is natural that the person who issued the money in debt wants to return it taking into account the interest, at the expense of which the profit will be made. On the other hand, of course, the person who received the loan is unwilling or unable to repay the debt in some situations. The mechanism for debt recovery depends on who the lender is.
There are many stories that earlier, for the formation of large debts, a person could become a victim of physical violence or threats from the lender. Today, if we take into account the scope of civilized bank lending, the situation has changed somewhat, and now the debt is collected in court.
The law is written so that in the event that a person cannot repay the debt recognized by the court, he is obliged to do so at the expense of his property. We all know cases when an apartment, a car, deposits and other assets are taken to repay a loan - property that was the subject of a pledge on a loan, and by which the debtor guaranteed a proper repayment of funds.
This mechanism works fine today, but despite this, it is not perfect. There are always situations where, for example, a person does not have any property through which it is possible to pay off debt. A loss is incurred by the creditor (for example, a bank). What to do in such a situation? In such cases, they involve, for example, Lindorff LLC. What is it - we will tell in this article.
Collection Company Industry
For especially difficult cases when the creditor cannot in any way return his money (speaking, of course, about the framework of the law), there are collection companies. Their profile is debt collection. They differ from banks in that they are exclusively a tool for “knocking out money” from people who do not want or are not able to pay off debts. Therefore, the whole profile of such organizations is the development of ways to influence people in order to make them pay. The Lindorff Agency can be called one of these.
The industry of such companies arose against the backdrop of the growing popularity of lending and, accordingly, an increase in the number of bad debts. The profile of banks is somewhat different - they are engaged in the promotion of their products and the subsequent issuance of loans. Roughly speaking, why should banking institutions communicate with debtors if this can be entrusted to professionals?
This is what they do in most cases and transfer the affairs of those who do not pay to collectors. This is carried out according to this scheme: some Lindorff LLC (what this and how it works, we will describe further) buys from the bank the affairs of a borrower who owes a million, roughly speaking, for 100 thousand (although in reality it all depends on how much it's hard to get a person to pay). The company “knocks out” the remaining funds on its own, making a profit from this.
Collector Methods
In fact, there are a lot of methods that collection companies work with. Not all of them, of course, can be called public and those that can be talked about. For example, the site says about Lindorff LLC that it is a debt management company. This means that the agency cooperates with those who need to return the money, and those who must give it back. And how this is done is another question.
It is known that the methodology of the work of collectors depends on who the debtor is, how much should be repaid, and what are the reasons that the money is not returned. In the legal field, Lindorff conducts advisory activities, explaining to debtors that they are obliged to return the funds; helps to deal with the financial situation, and also leads litigation with such people, appeals to the bailiff, petitioning for the enforcement of the amount of debt at the expense of the property of the defaulter.
At the same time, there are a lot of stories on the network that Lindorff is threatening its debtors, demanding that they return the funds as soon as possible. The majority of collectors know this vector of work from stories from friends who did not repay loans. Companies of this specification can work not only by legal methods, but also by psychological ones, influencing the client. For example, these may include night calls, threats by phone and mail, frequent personal visits by collectors to your home. This is all done with one goal - to complicate the life of the client, to intimidate him and make him repay the debt. Of course, professionals are engaged in this, so it is difficult to resist them.
Debtor's reaction
The reaction of ordinary borrowers can be different on such impact techniques; take at least Lindorff. The reviews indicate that some people in every possible way ignored the messages of the collectors, steadily endured all the attacks on their part, so that everything went well. There is another category of people - those who are really trying to repay the debt. If a company notices that a person is sincerely working to pay off a debt, the pressure on it decreases - this is natural.
As for another category of people, they can be called victims of the collection system. Some borrowers are looking for different ways to get rid of debt, finding even the most extreme of them. We all know about suicides that occur after prolonged pressure from such structures. Unfortunately, there are a lot of such stories.
Lindorff LLC - what is it?
So, let's continue. As noted above, Lindorff LLC (St. Petersburg - one of the cities where their offices are located) is an international agency working with debtors and creditors. Judging by the information on their official website, the company has been operating since the end of the 19th century - even then, in the relations of a credit-financial nature, a need arose for such funds-return instruments. In Russia, the company opened only in 2007.
The agency conducts activities in various areas, buying up problematic loan portfolios from banks, helping various organizations repay debts for utilities, communications, the Internet, television and other benefits of civilization. The company has a regional network, for example, one of such centers of Lindorff LLC - Nizhny Novgorod. There is an office and a representative office of the agency, which works on local organizations and banking structures.
It is noteworthy that the company operates in the form of a dialogue: it serves not only creditors, but also debtors.
Who can the agency contact?
First of all, to those who do not pay debts on their loan or for services that have been consumed. Moreover, as noted by Lindorff reviews, not always the appeal of collectors carries with it some negative consequences for the debtor. If the debt has just begun to form, and the person will start a dialogue and return the funds taken, a record that he is a malicious violator and does not fulfill obligations will not fall into his credit history.
Manifold flexibility
Also, the company, sending notifications to those who may become its “victim” in the future, focuses on the wide possibilities for the settlement of disputes and disagreements. In particular, if a person sincerely wants to pay off his debt, but cannot do this, he can agree on a deferment, for example. As Lindorff customers write, whose reviews can be read in the public domain, the company often compromises.
What to do if you got a call?
This is exactly what you should keep in mind if you are contacted. Your task is to prevent a conflict from arising, to react adequately and with an understanding of what consequences may await you. In fact, the collection company’s apparatus is much more powerful than you, so it’s better to be friendly to them - why bother yourself?
Think about whether you will be able to pay the funds that are mentioned in Lindorff LLC, what kind of debt it is, when it will be paid and you will receive debtor status. All these details must be carefully thought out in order to understand what to do next. Then, of course, it is necessary to establish a dialogue with representatives of the agency, get in touch with them and show that you are open.
How are debts collected at Lindorff?
Most often, the debts at Lindorff LLC (reviews of debtors, at least testify to this) are collected peacefully and quietly. Some people adequately and with understanding relate to their duties to pay this or that amount, learn about how to do it right, contact the agency so that all the nuances are clearly explained to them.
“Other” debtors
Of course, there are other categories of debtors. With them, Lindorff LLC (what kind of debtors this is, we will not specify, just believe that such people always exist) works in court. A lawsuit is filed against a person for not fulfilling his civil obligations, in which he is required to recover a certain amount from him plus compensation. If the court approves the lawsuit, collectors can contact the bailiff to enforce the court decision.
Of course, there are other individual situations where there is a need to collect debt, but there is really no way to do this. Then, obviously, the collectors resort to other methods, including those that we hear about in programs and from friends. Debtors complain that Lindorff is threatening them, their families and families, threatening to sue. It is difficult to say whether they succeed or not. As a rule, agencies of this nature know very well where they are right and where not. Therefore, it is easier to defend their interests in court than to an ordinary debtor.
Who to contact for help?
Of course, in Russia LLC Lindorff (this is St. Petersburg or any other city) can act by some of its own, not entirely legal methods. To protect yourself from this, you need to know who to turn to for help. We can be saved from collectors by professional lawyers who are looking for what can be called illegal in the actions of the former. You can contact a lawyer or a company that provides such services - and no LLC Lindorff (that is, that any other agency) is not scary. You may even be able to avoid repaying the debt - but then be prepared for an impressive bill for the services of such lawyers.
Avoid Debt!
In general, there is the simplest and most effective method to get rid of collector pressure. Like Lindorff, a collection agency with a different name is also designed to repay debts. This is their job, so you should not expect any leniency from such companies.
If you do not want problems, simply refuse loans. The same applies to debts in the housing sector and any other. You need to live within your means, allowing yourself what you can count on. Sometimes it’s difficult, in certain situations it’s impossible, but in most cases the person is to blame when they contact him from Lindorff. A collection agency only helps you fix the mistake. Take it this way, and paying off your debt will be at least psychologically easier.