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collection agency

   Also found in: Dictionary/thesaurus, Wikipedia 0.01 sec.
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.


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SIMI VALLEY -- A Simi Valley man was arrested on suspicion of identity theft after police said his 5-year-old son received a bill from a collection agency.
The second revised and updated edition of Best Credit: How To Win The Credit Game comes from a collection agency insider and is packed with all kinds of credit and debt insights for consumers, from re-establishing good credit after bankruptcy to preventing identity theft, stopping bill collectors, and negotiating on unsecured debts.
Account information on the customers was illegally sold by bank employees to a man identified as Orazio Lembo, whom police said was doing business by illegally posing as a bogus collection agency.
 
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