The best way to avoid this is to have a process in place that will carefully establish identities and ensure that you are working with the right person before proceeding with collection efforts, particularly involuntary options. Not only will this insulate you from legal issues, it enhances the efficiency of collection by increasing right party contact rate.
Cognito HQ to ensure that all account records are associated with accurate borrower identifiers before they are considered eligible for collection. Any potential issues with an account are identified, flagged, reviewed, and filtered according to intelligently derived rules tailored to the client’s specifications.
As regulations open up new communication channels that allow third party agencies to make use of modern technology to reach borrowers, it’s going to be ever more important to stay ahead of these issues. All new developments in this area will be closely monitored and consumer complaint data will continually be assessed. The need to stay careful, compliant, and targeted has never been more important.
Protection from Scam and Content Theft
Identity verification play very vita role in protection from theft. I consider this to be a separate issue. Anything that can be monetized will have cheats thrown at it. If we want content to have a value, the source of that content should be credited to the creator. posting a link to a YouTube video, really should have at least the majority of the rewards going to the creator of the video, and not someone who just pasted the link to share. using Imageedit to verify if a photo has been edited I would not want to see becoming the ultimate verification source that defines wether or not a post, or the person, is fraud. We should treat an edited photo with suspicion before casting our upvote, but the fact that it has been edited alone, without any other proof, should not be a reason to downvote or flag a posting.