Legal Question in Business Law in Alabama

Payment Agent

I have been asked by a company from China to help them collect debt from their customers. I keep 10% of everything that I collect. Then send them the remainder. Is there anything illegal in this regard?


Asked on 2/27/07, 9:03 am

1 Answer from Attorneys
Chip Browder Hubbard, Smith, McIlwain, Brakefield & Browder, PC

Re: Payment Agent

are the transactions in anyway involving consumer products? if so, at a minimum you would be subject to the federal fair debt collections practices act. you should consult with a competent commercial law attorney before proceeding any further. if we can be of assistance please let us know. Good luck and have a blessed weekend and Lord's Day, Chip

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Answered on 3/02/07, 7:05 pm


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