Collection Agency - Debt Consolidation Care Knowledge Base

Debt and Credit Management	Other financial topics
Debt Consolidation, Management and Settlement Dealing with Creditors and Collection Agencies Get-out-of payday loan help Creditors and collection agency address book Credit Repair, credit score and credit reports Financial education through videos	Additional income, investment, shopping & budgeting Banking including help on chexsystems Identity theft - scams, security and training Getting a Loan and choosing a good lender Dealing with Student Loans US Tax system and impact on debt
Community success stories	Miscellaneous - Hangout forums
Winning stories with debtcc community Stories: How I accumulated debts	Expert articles - Community knowledge bank Debtcc Complaint center Pub, feedback and announcements Funny Videos - Hey you worked a lot, now laugh and relax

Home > Knowledge Base > Community Articles > Collection Agency

Collection agencies

Collection agency is a business that collects payments on debts owed by individuals or businesses. There are mainly two types of agencies; namely first party and third party collection agency.

A first party collection agency is the in house collection department of the company that owns the debt. Usually larger companies maintain an internal collection department the collects outstanding debts.

Third party collection agencies are the companies that are hired by the banks, lenders, retailers, auto financiers and other financial institutions to recover defaulted loans.