As promised, we continue to educate our clients and the general public about important issues and terms related to the debt collection industry.
Today we’ll define a very basic yet extremely important term: collection agency.
When you look for a trusted collection professionals, it helps if you know what to look for.
Collection Agency. Everybody is familiar with this term right? They are the ones that call and ask you to
pay their client. So anyone hired to collect monies owed to you is a collection agency, right?
Well not necessarily, the person writing or calling a debtor can be a Collection Agency, or it might be a
Law Office (Lawyer or Paralegal) or a third party acting on behalf of the creditor.
What are the main differences, and which of these will be a better choice for you?
We’ll continue this discussion in our next post. Stay tuned….