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  2. Debt collection - Wikipedia

    en.wikipedia.org/wiki/Debt_collection

    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 ]

  3. Debt buyer (United States) - Wikipedia

    en.wikipedia.org/wiki/Debt_buyer_(United_States)

    First-party collection agencies tend to nurture more constructive relationships with the second-party (called consumers or debtors) and are involved in the early months before they selling or passing the debt on to a third-party. The first-party writes off most of the value of the debt in the sale to a third-party collection agency. [38]: 62–3

  4. Fair debt collection - Wikipedia

    en.wikipedia.org/wiki/Fair_debt_collection

    U.S. state laws on fair debt collection generally fall into two categories: laws which require persons who are collecting debts from consumers to be licensed, registered or bonded in order to collect from consumers in their states, and laws that protect consumers from specific unfair practices by debt collectors, which may include collection agencies and sometimes original creditors. [2]

  5. How to pay off a debt in collections

    www.aol.com/finance/pay-off-debt-collections...

    Debt collection happens when another company or debt collection agency tries to get you to pay the money you owe. If you’re behind on payments for several months, your debt may be sold to a ...

  6. What is debt collection and how does it work?

    www.aol.com/finance/debt-collection-does...

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  7. What is a credit reporting agency? - AOL

    www.aol.com/finance/credit-reporting-agency...

    However, they work independently, so each bureau might have slightly different information about you. ... Credit reporting agencies collect information about how well you manage credit and share ...

  8. Fair Debt Collection Practices Act - Wikipedia

    en.wikipedia.org/wiki/Fair_Debt_Collection...

    The Fair Debt Collection Practices Act (FDCPA), Pub. L. 95-109; 91 Stat. 874, codified as 15 U.S.C. § 1692 –1692p, approved on September 20, 1977 (and as subsequently amended), is a consumer protection amendment, establishing legal protection from abusive debt collection practices, to the Consumer Credit Protection Act, as Title VIII of that Act.

  9. Dunning (process) - Wikipedia

    en.wikipedia.org/wiki/Dunning_(process)

    Dunning is the process of methodically communicating with customers to ensure the collection of accounts receivable. Communications progress from gentle reminders to threatening letters and phone calls and more or less intimidating location visits as accounts become more overdue. Laws in each country regulate the form that dunning can take.

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