Most often this term means a professional firm that specializes in collecting money owed when payments are overdue. Sometimes the collection agency collects the money owed and gives that to the creditor; the agency usually adds collection fees to the original debt owed. Sometimes the collection agency purchases the account from the original credito [..]

A company hired by a creditor to collect a debt. Creditors typically hire a collection agency only after having tried -- and failed -- to collect the debt on their own.

Definition A firm whose purpose is to collect on delinquent accounts.

A commercial enterprise that specializes in collecting past-due bills from people who owe them, usually by informing them that their credit record will suffer unless prompt payment is received. Most p [..]

is a business that is hired by a lender or other financial institution in order to collect debts from borrowers. For example if a borrower defaults on their loan by not paying 2 month's worth of [..]

A company often hired by the lender or guarantee agency to recover defaulted loans.

A company hired by a creditor to collect a debt that is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, usually through letters and [..]

A company that attempts to collect delinquent loan payments for client loan organizations.

A business that specializes in collecting past due debts.

A collection agency is an entity that's in the business of collecting delinquent accounts on behalf of lenders,   businesses, or individuals.  

Private sector entity whose primary business is the collection of delinquent debts.

A company paid by a lender to recover unpaid debts

a company that recovers funds owed on a debt that is past due

A collection agency seeks to collect payments on a debt that is delinquent or in default on behalf of the lender. Collection agencies may be paid a flat fee for each debt collected or a percentage of [..]

n. cobrador de deudas, agencia de cobro (or cobranza)

An entity that recovers unpaid debt from borrowers who have defaulted on their loans.

A business that collects money for unpaid bills.

A company hired by a creditor to collect a debt that is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, usually through letters and telephone calls.

A private sector entity whose primary business is the collection of delinquent debts (USAID Automated Directives System - ADS - Chapter 625).

A company often hired by the lender or guarantee agency to recover defaulted loans.

a business organization that accepts, from schools and lenders, loan accounts that have become delinquent or are in default, and attempts to collect on those accounts. A fee is charged for the service.