Is Respaid compliant regarding third-party debt collection?
Last updated February 22, 2024
Respaid complies with all U.S. and French regulations regarding third-party debt collection.
It is essential to understand that Respaid is not a collection agency, so we do not need a license as we only handle direct payments and do not manage a escrow account, which is the main requirement for a license. In addition, our area of expertise is B2B recovery, which does not require a license.
Furthermore, it’s important to note that the law firm we work with, Schweber Law Group based in NYC, is officially conducting the collection process. Respaid serves as an automation tool assisted by AI, enabling the law firm to streamline their operations.
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