collection agency
Overdue bill chasers
A collection agency is a company that pursues payment of debts owed by individuals or businesses.
Creditors hire collection agencies—or sell debts to them—when borrowers have fallen significantly behind on payments.
Collection agencies use phone calls, letters, and legal action to recover money: The hospital bill went to a collection agency after six months.
- dunningPursuing overdue accounts
- garnishmentCourt-ordered debt collection
- arrearsOverdue financial obligations
- unpaid billsAmounts not yet remitted
- past dueBeyond payment deadline
default · final notice · debt recovery · phone calls · third party · skip tracing · statute of limitations · repossession · asset seizure · court judgments · negotiation · overdue · payment plans · demand letters · delinquency · credit bureaus · credit score · bankruptcy
- agenciesOgilvy, FDA, McCann, CDC, FCC
- debtdebt, creditor, owe, debtor, lender
- billing termsinvoice number, amount, fees, total, payments
- credit termsloans, installment loan, credit limits, monthly payment, credit cards
- financial institutionsbanks, central bank, commercial banks, investment bank, investment banks
- tax agenciesIRS, tax authority, tax office, tax bureau, tax department
collection agencybankruptcy attorney
Lawyer handling debt discharge
financial aid office · charity · hardship fund · charitable foundation
collection agencyoriginal creditor
lender · lending institution · bank · credit union · creditor
agency, collection, collected, collecting, agents, collector, recollect, agencies, collections