collection agency

(redirected from Debt collector)
Also found in: Dictionary, Acronyms, Wikipedia.

collection agency

Managed care An enterprise that demands payment for a product sold or a service rendered, after an appropirate period of time has passed and the purchaser has not paid the seller. See Dun.
References in periodicals archive ?
As part of the bank's procedures, the jaguar was supposed to be auctioned but when it was discovered that the car had been illegally repossessed by the Syrian, the bank's management took legal action against the debt collector.
This debt collector insurance has no exclusions for TCPA, FDCPA, and FCRA.
Victims of may receive debt collecters they don't even I have told Mrs M that she should now demand to see her original or a true copy of her credit agreement with Argos and that if this cannot be produced (and this is often the case) the debt collector will not be able to legally enforce the debt.
Debt collectors running these programs at the direction, supervision, and control of the district attorney have recently come under closer scrutiny by the federal Consumer Financial Protection Bureau (CFPB).
In its final version, [section] 1692g requires a debt collector to send written notice to the debtor, within five days of initial communication, of her right to dispute and to obtain verification of the alleged debt.
gov/news-events/press-releases/2014/10/ftc-takes-action-stop- phantom-debtscam-targeted-spanish-speaking (describing an action taken by the FTC against a debt collector who was threatening consumers with arrest and "immigration status investigation").
It would require the IRS to send delinquent cases arising from Affordable Care Act to private debt collectors.
If you believe you do not owe the money, simply tell the debt collector and ask them to leave.
However, if you come to an agreement, make sure you get it in writing before you pay, and confirm with the court that the debt collector has dropped the lawsuit," says Detweiler.
Prater also is the president of the Arkansas Creditors Bar Association, a group of attorneys whose goal is to improve the image of debt collectors.
If continued chasing doesn't work, the next step is hiring a specialist debt collector.
We provide a public good and I don't think we abuse our authority to act as a debt collector.