What Is A Collection Company By: James Mike Logan | - Some creditors will actually use a separate company name, address, and phone number for their internal collection departments, in order to give the impression of an "outside" agency, on the theory that debtors will take it more seriously. This strategy is generally only used when the debt is recent (under six months delinquent.)
Collection Agencies In The Us By: David H Urmann | - Collection agencies are divided into two types, the first party agencies and the third party agencies. However, in the US, only the third party agencies are subjected to the FDCPA or Fair Debt Collection Practices Act.
