Difference Between Commercial Debt Recovery and Consumer Debt Collection

Commercial debt collection is similar to an estranged relative of consumer debt collection. In commercial debt collection most to all standard debt collection rules and regulations do not apply. Commercial debt collection can be much more complicated in comparison to consumer debt collection. Limited Liability Companies (LLC) can easily rip off multiple businesses then file bankruptcy and continue doing the same process. Commercial debt collection companies need professional and highly trained skip-tracers to find trends of unethical business practices such as this. Companies who owe debt can more easily change names, buildings, phone numbers, etc. than your typical consumer. Commercial debt collectors need additional tools and methods that may not be necessary for typical consumer debt collection. That is why the F.D.C.P.A. and other extraneous debt collection laws are typically only used to regulate consumer debt and not commercial debt.