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The debt collection industry which includes debt buyers, "in-house collection departments, third-party collection agencies, and collection attorneys", recover and return "billions of dollars in delinquent debt" to "card issuers and other creditors" annually which "increase[s] the availability of consumer credit and reduce[s] its cost". [2]
An organization that specializes in debt collection is known as a collection agency or debt collector. [1] Most collection agencies operate as agents of creditors and collect debts for a fee or percentage of the total amount owed. [ 2 ]
collection agencies. used-car dealers. banks. telephone companies. furniture retailers. car repair shops. online retailers. This list isn't surprising -- or damning -- Hurt explains, because these ...
EOS CCA was founded as Collecto, Inc. d/b/a Collection Company of America by Paul E. Leary Sr. in 1991. The company grew from a one-person operation in 1991 to one of the United States' 20 largest AROs. [citation needed] Leary Sr. stepped down as CEO in 2002 and is now a member of the EOS Group's International Board of Directors. [7]
NCO Group, Inc., based in Horsham, Pennsylvania, United States, [2] is a business process outsourcing company and collection agency that provides accounts receivable management, customer relationship management and back office solutions [buzzword] for its clients.
ACA International is a trade group located in the United States representing debt collection agencies, creditors, debt buyers, collection attorneys, and debt collection industry service providers. ACA International is based in Minneapolis and Washington, D.C. with members located throughout the U.S. and more than 25 other countries. The ...
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