a business that collect bills, NSF (non Sufficient Fund) checks or debts for individuals or other businesses

a business that obtains or arranges for payment of money owed to either a person or a company

a business that pursues payments on debts owed by individualsor

a company that aggressively pursues debtors to collect money for the creditor

a company that arranges for payment of money owed by a person or another company to another person or company

a company that arranges for payments to be made on accounts owed to a third party

a company that helps collect past due accounts

a company that is contacted by the original lender to collect past due and defaulted accounts

a debt collector, other than the creditor, who regularly collects debts owed to others

a modern day bill collector used by creditors to retrieve money they are owed

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an independent business set up to collect bad debts for a creditor who has been unable to reconcile the debt using their standard billing and collection procedures

an independent business set up to collect bad debts for a unfortunately, do not know their rights

an organization that specializes in and earns a profit by arranging payment of money by a debtor (either a person or a company) on behalf of its clients

a third party hired by your original creditor to collect the debt that you owe

A company that will attempt to obtain payment from you. If this happens, your account may be listed as a "collection account" on your credit report. If you do not pay your bill and your card issuer has to go to a collection agency to attempt to obtain payment from you, you may be liable for the cost of the collection agency's services. Check your cardholder agreement to see if your card includes this potential fee.

A company that attempts to collect delinquent or defaulted loans.

A business service employed to collect creditors' unpaid or past due accounts. A collection agency is often compensated by receiving an agreed upon percentage of any amount collected.

A business organization that accepts from schools and lenders those loan accounts that have become delinquent or are in default and attempts to collect on these accounts.

A business organization that agrees, for a fee, to collect on loan accounts that are delinquent or in default.

A business specialising in collecting outstanding debts.

a private sector entity whose primary business is the collection of delinquent debts.

If you fail to pay a credit card, charge card, medical bill, utility bill etc. The account may be sent or sold to a company that will attempt to obtain payment from you, typically referred to as a collection company. If this happens, your account will be listed as a "collection account" on your credit report.

Company hired by a creditor to get money from a debtor to pay the debt (an assignee).

A firm that collects on delinquent accounts. Collection agencies change a percentage of any recovered funds as the service fee for their efforts. This percentage varies by collection agency, but is typically between 15-30% of the funds recovered. The percentage the collection agency keeps also goes down over time, so the collection agency has an incentive to collect delinquent amounts promptly.

A firm assigned by a creditor to collect overdue amounts. Some creditors have internal collection departments. Like creditors, collection agencies report account information to consumer reporting agencies.

When a borrower is unable to pay off his debts within the allotted time period, the original creditor appoints a company to collect the debts on his behalf. This company is known as the Collection Agency. The Collection Agency gets a certain percentage from the original creditor as their fees.

A company that collects money from debtors.

(1) A professional service in the business of collection past-due accounts. (2) An organization authorized to represent a creditor (principal) as its collection agent.

A third party agency creditors use to collect debt. Sometimes a collection agency is a company set up by the creditor to collect debt. Also called a Credit Agency.

A company, regulated by the federal Fair Debt Collection Practices Act, that is hired by a creditor to collect on a debt that it is owed

Firm that specializes in collecting past due accounts receivables and loan payments.

A desk hired by a creditor to whip in a debt that it is owed.

If you fail to pay a credit or charge card bill, the card issuer may send your overdue bill to a collection agency, a company that will attempt to obtain payment from you. If you do not pay your bill and your card issuer has to go to a collection agency to attempt to obtain payment from you, you may be liable for the cost of the collection agency's services. Check your cardholder agreement to see if your card includes this potential fee. There are certain things a bill collector cannot lawfully do: use or threaten to use violence or other criminal means to harm you, your property, or your reputation; use obscene or profane language; publish your name; list your debt for sale to the public; or place telephone calls to you or any other person without identifying himself or herself as a bill collector.

A company hired by a creditor to collect a debt that is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, usually through letters and telephone calls.

A company hired by the lender or guarantee agency to recover defaulted loans.

A collection agency is a business that pursues payments on debts owed by individuals or businesses. Most collection agencies operate as agents of creditors and collect debts for a fee or percentage of the total amount owed. Other agencies, known as "debt buyers", purchase debts from creditors for a fraction of the value of the debt and pursue the debtor for the full balance.