What is a collection agency?
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Andy Ninja Is Wicked Back To Work
ANSWERS: 3
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An agency that collects debt on behalf of a creditor/lender. Collection agencies are used by lenders/creditors when payments are not made on the loan/credit line.
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A collection agency is a business that pursues payments on debts owed by individuals or businesses. Some collection agencies operate as agents of other companies, and collect debts for a fee or percentage of the total amount owed. Others work on their own account, purchasing debts from a creditor for less than the dollar amount of the debt and aggressively persuading the debtor to make their payments.
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A company hired by a creditor to collect a debt that it is owed. If you are seeking bankruptcy advice, it is wise to seek advice from a local bankruptcy attorney. http://www.bills.com/debt-consolidation/
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