Neighbor News
Former Debt Management Inc. Founder John Tammaro Celebrates One Year at All Debt Solutions
Full service company works to recoup monies owed to businesses who rendered services.
REGION—After spending more than two decades at the head of Debt Management Incorporated, Founder and CEO John Tammaro created his own company, All Debt Solutions.
Now in its second year, Tammaro’s Milford, Massachusetts-based company has clients throughout the Bay State and now in Rhode Island. His business works to help clients recoup outstanding obligations from customers quickly and compassionately.
Tammaro admits the work can be challenging—beginning with correcting the stigma of the job description.
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“Debt collectors are viewed as people who either come to repossess your car at 3:00 AM, or hire people to do physical harm to people who don’t pay up. These stereotypes cannot be further from the truth,” said Tammaro, who invested 25 years helping people recover the money they earned. “Movies and television shows do not portray debt collectors in the most positive light. That cannot be further from the reality of what we do.”
Tammaro said those working in the industry are subjected to strict rules on how they can approach customers. He cited several examples ranging from when collectors may contact someone, what they can and cannot say and how often. Tammaro said companies could not make harassing or threatening overtures on any platform (telephone calls, sending letters, social media posts, etc.) and prohibited from confronting consumers either at home or work.
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In fact, Tammaro said many companies do not realize that once a debt last more than 30 days, then they are bound to the same regulations as debt collectors. He said those companies cannot do the very things his companies are prohibited from doing.
The ADS President said the reason many companies do not hire debt collection businesses for several reasons. He said companies are either too embarrassed to get the money, believe they will alienate their customers, are branded as someone who will go after deadbeats and/or think the money not be recovered.
Having any or all of those thoughts are not productive, Tammaro said.
“If a company is owed $400 and they do not receive that money, then it may not seem like much. However, if enough clients fail to submit payment, then the outstanding balance grows larger. A company that is short many thousands of dollars ultimately fails because they lack that cash flow,” Tammaro said.
He added that one of the ways a customer could get the money back would be installing a payment plan for the client so they make the payoff making all sides look favorable as well.
All Debt Solutions caters to many industries, including dental, construction, hospitals and attorneys. They also offer programs that enable clients to collect the funds owed and keep their relationship with that customer intact.
For more information, or to schedule a free consultation, please call (774) 804-3328, visit them on the web at http://alldebtsolutionsinc.com or email them at admin@alldebtsolutionsinc.com
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