How do IBA finance collectors work?


What to do if MBA Finance LLC demands a debt

By Sergey Mashkov / May 30th, 2020 / Administrative Law / No Comments
Today we will look at the activities of the collection organization “IBA Finance”, and will also answer in particular the question “Can “IBA Finance” sue the debtor or not?” Content:

  • What is “IBA Finance”?
  • How should MBA Finance work?
  • Can MBA Finance sue?
  • Can you sue MBA Finance?

What is “IBA Finance”? “IBA Finance” is an organization specializing in pre-trial debt collection. The first thing that sets it apart from dozens of other similar services is its coverage. This is one of the few international collection organizations operating not only throughout Russia, but also abroad. The second important indicator is the high efficiency of work, which many clients of this service are very satisfied with. Well, the last difference is adherence to international standards for collection services.

MBA Finance transfers the case to the judicial proceedings department, what should I do?

This article tells in detail whether IBA Finance can sue, and everything you need to know about it.

Info

First, let's look at what M.B.A. is. finance, their scope of activity, powers and list - this is a private collection agency.

Works to collect debt from defaulters or persons who systematically delay payment.

This agency does not function independently; it exists at the expense of banking companies that issue loans and mortgages to the population.

And also at the expense of micro-loan offices, and any organizations that issue money and securities on credit. The principle of operation is very simple: taking, for example, a loan from a bank, the borrower undertakes to repay the funds by a certain date, or repay them systematically every month, in the amount specified in the agreement. If you fail to fulfill your obligations, the bank begins to calculate penalties for each late payment day.

SMS 1

We suggest that you resolve the issue of repaying your debt individually, taking into account your financial situation. A call will help you avoid unnecessary costs. M.B.A.Finance. 8-800-555-4756

MBA finance reviews - they want to come home and sue, but no luck...

I must say that the first call was like an offer of intermediary financial services. I politely declined, saying that I did not need their services and preferred to deal with the bank directly. I thought that the collectors had changed their tactics. But the second and subsequent calls put everything in its place - they stupidly gave me ultimatums, threatened me, etc.

"MBA Finance": reviews. collection agency "MBA Finance": employee reviews

It is virtually impossible to link an article about fraud to a debt of 30,000 - 50,000 rubles.

Important

More often than not, debt arises not because borrowers are trying to organize criminal activity, but simply because there is no money to pay the debt due to a decrease in wages or layoffs.

If you receive a letter or call from a collector, then you need to act in the following way:

  1. Ask to provide the document on the basis of which the assignment of debt took place, i.e.

Review of debt collectors from MBA Finance

Loan debt always entails certain difficulties. Deterioration of credit history, accrual of penalties, imposition of fines for violating the terms of the loan agreement - even this standard set of sanctions against the defaulter is very unpleasant.

Attention

However, it can also get to the point where your debt ends up being taken over by collectors.

Collection organizations are services that specialize in debt collection. In general, the essence of their work is very simple and legal - they are obliged to warn the debtor about possible consequences, make calls, send letters, personally visit defaulters and at the same time persuade them in every possible way to return to fulfilling the terms of the loan agreement. However, collectors do not always act according to the law, which leads to a number of problems and offenses.

Second letter from debt collectors

Repayment Request

The second letter is much more ignorant than the first.

The judicial act on the collection of debt to CJSC BINBANK Credit Cards under Agreement No. 322223 dated xxx entered into legal force. The court decision has not yet been executed by you.

It became really interesting. And I called immediately. Where, I say, is the judicial act and the judicial decision? I'm ready to fulfill it!

In response, they started throwing me the usual blizzard and engaging in collection verbiage.

Based on the executive document... there will be a visit from the FSPP officers, blablabla

What executive document? Can I look at it, or at least find out its details? They couldn’t give me a clear answer.

So it goes.

Good mood to you all. And take care of yourself and your family.

There are things in life much scarier and more important than any MBA!

(I wanted to end on an optimistic note))

What to do if LLC MBA Finance requires a debt

However, the growing debt does not scare some borrowers, and they continue to maliciously evade payments.

In this case, the bank or any other organization that lent money has the right to contact a collection agency for help in collecting the debt from the debtor.

And also provide personal information, phone numbers, address and passport information.

However, the borrower did not enter into an agreement with the collectors, and remains indebted to the bank from which he took out the loan.

If the case is successful and repayment is made, collection agencies receive a percentage of the debt payment by the borrower. Such agencies live and eat according to this scheme. Officially, M.B.A Finance LLC provides the following services:

  • Banks;
  • Micro financial organizations.

That is, they provide their services only to legal entities. They carry out their activities through calls from the lobby center, messages and summonses for non-payment.

SMS 2

You have 2 days left to contact us regarding your debt to BINBANK CJSC. If there is no call from you, we will be forced to visit you at your home and work address. Do not leave your locality. M.B.A. Finance. 8-800-555-4756

I called and invited him home. He said that... he said a lot of things, but it was in vain.

By the way, Binbank CJSC has no side effects here. If I owe anything, it’s only ZAO Binbank Credit Cards. This question is discussed in detail in the comments to the article about the confusion between Privat and Bin. And Binbank CJSC does not exist at all. There is only PJSC “Binbank” (Public Joint Stock Company)…

I invite everyone who has something to tell about scammers and injustice in this world to my blog. If you are afraid for your safety or confidentiality, I can provide you with the opportunity to speak out about your concerns.

The whole truth about the collectors of the MBA Finance agency

MBA Finance.

  • Demand to provide complete calculations, which resulted in the full amount to close the debt.
  • Provide information about the planned payment and ask to stop accruing interest.
  • Gradually close the debt.
  • It is better if all issues are resolved not through telephone conversations, but on the basis of a letter on paper or at least in electronic form with a fax print, where the details and legal address of IBA Finance will be indicated.

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MBA Finance requires debt, what to do?

Debts and loans have existed since time immemorial and do not represent anything new to us. Many people decide to take money from the bank for a better life, and some have absolutely no idea why collectors began to visit them. Communication with these individuals will dispel all myths about human language and friendliness in money matters.

Among the population of Russia there is a silent question - what should an LLC do if IBA Finance requires a debt ? We will try to answer this in a meaningful way.

It has become a common situation for a person when a debt collector knocks on his door.

MBA FINANCE

Her usual form of communication is threats and unreasonable demands, which you will receive both verbally and through telephone messages.

Let's look at the rights of collection companies. The legislation nowhere takes their existence into account, so they took various provisions as a guide.

We clearly describe their behavior regarding rights:

  • IBA Finance does not have the right to licensed activities; they are an ordinary organization without a special legal status. In case of conflict, the process is carried out in a standard way through attempts at reconciliation, negotiations and taking the case to court;
  • does not have the authority to carry out inspections or calls, or to independently seize anything without the consent of the owners;
  • a controversial position in court does not bring collectors to resort to his services, so the only way remains is psychological pressure on debtors.

Advice from a lawyer on what to do if MBA Finance LLC demands a debt:

  1. It is necessary to control yourself and the situation, because what often happens is that the people demanding you to pay the debt are not agents of the collection company.
  2. The first thing to do is to require the name of the company, the name of the agent and his official status.
  3. Next, find out which requirement option applies to you. If this is an assignment of rights, then you will be required to present a document that confirms the transfer of rights of claim.
  4. Review the bank agreement concluded with you. It may stipulate that the borrower's consent is required to transfer information to the collection company.
  5. You have the right not to continue or initiate a conversation with the agent.

In a situation where collectors cross the boundaries permitted by law - they visit your relatives, bother you with phone calls to friends, or gain the audacity to call work, then lawyers advise operating with the articles of the law. After the conversation, you can provide a warning to notify law enforcement in case of repeated calls.

In any case, never rush to take money to the cashier or hand it over to agents. You need to study the current situation in detail, and you will find the right way out.

What kind of company is this

First you need to find out what kind of organization it is.

MBA Finance LLC is a commercial company that is part of the largest Czech holding company operating not only in Russia, but throughout the world.

The organization has been operating in Europe since 1996. This is a collection agency that has the right to buy the client’s debt and demand that he repay the debt with interest and fines, including in court.

The agency has been operating in Russia since 2009. Official website address: mbafin.ru. The IBA has two representative offices. Offices are located in Moscow and Bryansk, where there is a contact center from which specialists make outgoing calls. Hotline number for contacting operators with any questions: 82.

The line is toll-free, but not 24/7. According to employee reviews, they can receive calls until 19:00 Moscow time, and the contact center begins its activities from 8:00 Moscow time.

The agency operates throughout the country. And according to official data, it is one of the top 3 collection agencies in Russia. Thanks to international experience and the use of advanced technologies, the company is very successful.

Is their activity legal?

As a rule, collection agencies work with debts that arise due to non-payment of loans.

SMS 3

We remind you: the debt to Binbank CJSC arose due to your failure to comply with all clauses of the agreement. When initiating a criminal case (sections 177, 159, 165 of the Criminal Code of the Russian Federation), the court will take into account violations on your part, because the creditor fulfilled its obligations under the contract and suffered damage due to your non-payment. Transferring the case to court increases the amount of debt. M.B.A.Finance. 8-800-555-4756

They want to open a criminal case against me! But these articles are not applicable to me, they need to study the Criminal Code better. The poor students were recruited from an advertisement!

Is MBA Finance going to court?

By signing a loan agreement, the borrower agrees to transfer the debt in favor of third parties, this can be either a commercial or non-profit organization.

Information about the assignment of a loan must be clearly stated in the agreement or general rules on the basis of which the document operates. If such a clause is not contained, then the bank would not have the right to transfer the case to MBA Finance.

Accordingly, the banking organization would act on its own, and if unsuccessful, it would file a lawsuit in order for the client to repay the debt.

Banking companies sell some of their debtors to collection organizations. The action plan here is as follows:

  1. The collection company pays off the client's debt from the bank.
  2. The bank transmits all information about the client, taking into account personal data and the full debt on the loan.
  3. The debt arises to collectors.

Therefore, at each stage there is no violation of current legislation. And transferring debts to such organizations is considered standard international practice. Whether they will sue depends on whether the company can resolve the issue out of court.

SMS 6

In order to avoid the application of sanctions to you (imprisonment for a term of up to 2 years), provided for in Article 177 of the Criminal Code of the Russian Federation, 159 of the Criminal Code of the Russian Federation, 165 of the Criminal Code of the Russian Federation, you must provide evidence of the absence of signs of a crime in your actions (receipt for payment of debt, certificate of full repayment of the loan to Binbank Credit Cards CJSC). For more information, contact our specialist. M.B.A.Finance. 8-800-555-4756. Pre-trial proceedings and anti-fraud department.

They transferred it to court proceedings (SMS 4), and again they kicked me off in pre-trial proceedings! Contacted, again from empty to empty...

What to do if you are asked to repay a debt

In this part of the article, we will look at how IBA Finance requires debt and what to do in such situations. The purpose of the organization is to get money from the client. The company will use various methods:

  1. Phone calls.
  2. Letters and SMS messages.
  3. Personal visit to the client.
  4. Transferring the case to court.

During telephone conversations, specialists will use various psychological methods to influence the client in order to convince him to repay the debt. Various threats and other techniques are possible.

It is worth understanding that according to Article 130 of the Criminal Code, no one has the right to insult. Therefore, it is recommended to record all calls and, in the event of the slightest possible insults or threats that pose a certain degree of danger to life and health, to submit a statement to the police.

Also, as an intimidation, IBA Finance also uses methods of informing in the form of an official letter or via email and SMS. The letters often use legal language with references to certain articles of the law. The company is bluffing, citing the crime of fraud.

Of course, theoretically, if you take out a loan from a bank and don’t pay it back at all, it looks like a fraudulent scheme. But it is impossible to prove such fraud in practice. The maximum that the court can demand is to repay the debt with interest and fines. It is virtually impossible to open a criminal case. In any case, communicating with debt collectors is an unpleasant situation for any person.

Whether specialists from IBA Finance come home depends on the debtor’s place of residence. The company has a representative office only in Moscow and Bryansk. Therefore, if the debtor lives in any other city, then he is not in danger of meeting with a collector.

But on the other hand, this means that the agency has fewer possible options for getting money. Therefore, the case can be transferred to the litigation department more quickly. And accordingly, a lawsuit will be filed in court.

Why don't they immediately go to court?

Taking the case to court may not be as beneficial. The first task is the possibility of receiving money without going to court. After all, until the case is brought to court, daily penalties are accruing according to the agreement. As a rule, they amount to 0.1% of the amount of overdue debt. Therefore, the longer the filing of a claim in court is delayed, the more the collector earns. But the trial itself will require certain costs.

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    How to deal with debt collectors

    According to the law, employees of collection services can take a case to court only after six months. This means that during this period specialists will only use various methods of intimidation.

    You should not succumb to their influence; communication must be conducted at a calm and competent level. The first thing you should do is register all requests:

    • if telephone calls are received, they must be recorded;
    • save any correspondence;
    • record on video or audio any meetings with company employees;

    If you often receive telephone calls and you do not want to receive them, you must send a registered letter to IBA Finance with a request to stop telephone calls and continue correspondence via email. The company will have to comply with the request, and from that moment on, telephone calls will stop coming. If the letter is ignored, then this is the basis for filing a statement with the police under articles of blackmail and extortion.

    Any personal meetings must be agreed upon by both parties. Therefore, if collectors come without your consent, then it is necessary to record this information on video or invite witnesses.

    After which you should submit a statement to the police. In this case, the actions of the collection company will be illegal. To ensure personal meetings, they must obtain confirmation from you that you are willing to meet with them.

    Also, during personal meetings or in any other situation, you should pay attention to the methods and manner of communication. No one has the right to blackmail you, insult you or engage in extortion. Any such actions may be considered illegal.

    Do I need to pay money?

    One way or another, the debts will have to be repaid. You can’t get a loan from a bank and just not pay it back. At a minimum, a lawsuit will be filed. And the Court will be able to demand the return of all the money with interest. It is virtually impossible to link an article about fraud to a debt of 30,000 - 50,000 rubles. More often than not, debt arises not because borrowers are trying to organize criminal activity, but simply because there is no money to pay the debt due to a decrease in wages or layoffs.

    If you receive a letter or call from a collector, then you need to act in the following way:

    1. Ask to provide the document on the basis of which the assignment of debt took place, i.e. find out how the debt appeared to IBA Finance.
    2. Demand to provide complete calculations, which resulted in the full amount to close the debt.
    3. Provide information about the planned payment and ask to stop accruing interest.
    4. Gradually close the debt.

    It is better if all issues are resolved not through telephone conversations, but on the basis of a letter on paper or at least in electronic form with a fax print, where the details and legal address of IBA Finance will be indicated.

    Letter from MBA Finance

    11/16/2016 9:41:52 AM | Anonymous user

    I am collecting signatures of all Kazakhstanis who receive calls from this company for other people’s loans. They make you nervous with their calls. I don’t understand why these creditors, who give money to just anyone and then pass it on to collectors, don’t call the clients’ contacts before giving out money?! Personally, I can't vouch for anyone. There will be no collectors - there will be no one to collect debts - accordingly, they will not give money to just anyone... my phone: 87013692901. I urge everyone to unite to close such companies and sue them.

    03/03/2017 12:01:50 | Ainura

    Tired of it already!!! We are not responsible for anyone's debt!!! Stop being rude! Were you not taught etiquette, how to talk to strangers?!!!

    03/22/2017 23:09:58 | Anonymous user

    I completely agree! They're already tired of it, they won't let me live in peace! Before issuing a loan, they should have called contact persons, but no one called. It would be nice if these employees asked to call or notify the debtor, so they attack an innocent person and it’s annoying. I write the phone numbers of the employees below: 87780213187, 87059475067, 87750319058, 87780965953 and ask them to conduct technical training or work on how to communicate with people. These employees hammer 4-5 times a day.

    05/11/2017 9:41:46 | Anonymous user

    Terrible company. By law, the collection company does not have the right to disclose the borrower’s loan to a third party. What kind of specialists work for you? They don’t repay the debt, sue the borrower.

    05/12/2017 9:17:00 | Anonymous user

    I completely agree with you why they endlessly call relatives and friends

    05/18/2017 10:42:22 | bank representative (head

    I answer your indignation: We issue loans after a thorough examination of our client. This includes pre-calling the phone numbers of friends and relatives provided by our client. This is a necessary measure. In the future, when the client “forgets,” usually intentionally, about his debt, he deliberately hides from us and from the bailiffs and from the court and from the police. The only way to find it is to contact search specialists, the same collectors with whom you unfortunately had to talk. The police, unfortunately, do not have the opportunity to deal with hundreds of thousands of such cases, and, moreover, without the evidence presented, they do not see it as appropriate from a procedural point of view. Perhaps COLLECTORS do not show COURTESY (no one demands this from them - they do not sell you a TV), but as a rule (judging by the records of telephone conversations) they are sent obscenities much more often and by relatives who are sheltering debtors. GOOD Collector - EVIL Collector - This is an unshakable rule. Unfortunately, we live in a society where a kind and gentle policeman will be eaten alive. Therefore, I propose not to challenge the current situation, not to be rude to the collectors, but, if possible, to assist in finding scammers. Even if this is your friend, think about whether this is the right person if he may have obtained the money by fraud. In addition, the new law on debt collectors OBLIGES third parties to hand over all information on debtors (including trade secrets from employers). Failure to comply with the law, both by collectors and third parties, will already be prosecuted by law, including criminal punishment. I hope that this law will help return huge sums to banks and the state in the form of taxes and simplify the procedures for issuing loans to the law-abiding population in the future. This will also be a good start for lowering loan rates, since most of them are spent on liquidating and repaying debts. Izv, I can’t fully introduce myself.

    01/18/2018 10:54:24 | Anonymous user

    A disgusting company, judging by specialists such as Kuralbek Akbota, this is just a sharashka’s office, they don’t know about etiquette at all, they haven’t even heard such a word, and then they wonder why they are rude in response.

    02/20/2018 12:12:54 | Anonymous user

    Banks do not sue because they know that the debt is written off if the person has paid the lion's share. Contact collectors. These illiterate employees, aggressive ones like Ayim Almasovna, introduce themselves as bailiffs.

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