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Debt collection or cash collection is the process of pursuing payments of money or other agreed-upon value owed to a creditor. The debtors may be individuals or businesses. 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 ...
Debt buyer (United States) A debt buyer is a company, sometimes a collection agency, a private debt collection law firm, or a private investor, that purchases delinquent or charged-off debts from a creditor or lender for a percentage of the face value of the debt based on the potential collectibility of the accounts.
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. Founded in 1926, it was a publicly traded company (Nasdaq: NCOG) from 1996 ...
December 15, 2023 at 3:36 PM. Ting Shen/Bloomberg/Getty Images. The Consumer Financial Protection Bureau on Friday ordered Commonwealth Financial Systems, a debt collection agency specializing in ...
EOS CCA, headquartered in Norwell, Massachusetts (just outside Boston ), is a provider of customer care and receivables management services. It is the U.S. Receivables Management Division of the international EOS Group based in Hamburg, Germany. [ 1] As of December, 2016 EOS CCA employs approximately 500 people in the United States. [ 2]
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. Founded in 1939 as the American Collectors Association, the organization changed its name to ACA International in 2001; it is based in Minneapolis ...
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