collection agency


Also found in: Dictionary, 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 ?
The collection agency handling your federal loans will notify you by mail before it starts garnishing your wages.
"The department did not request, and the General Assembly did not intend, to expand the scope of MCALA's licensing requirement to other industries beyond the collection agency industry," Getty wrote.
CUR is a full-service collection agency for credit unions offering a suite of third party collection services and TLSC provides part time, full time, temporary, or permanent staff to credit union collection departments.
(TLSC) is not a collection agency, instead providing staff to credit union collection departments on a part time, full time, temporary, or permanent basis.
"With so many efforts to scam people with threats over tax debts," said Galvin, "it would be incumbent on the DOR to publicize just when and how a private collection agency becomes involved in the pursuit of delinquent taxes."
Toward that end, the municipality decided to announce a tender bid to hire a debt collection agency.
Those persons will be given 45 days to correct the problem before being turned over to a collection agency and being reported to the Bar.
NEVER IGNORE A DEBT COLLECTION LETTER As soon as Terry received the first letter, he should have written to the debt collection agency to tell them he disputed their demands.
A common misconception is that the AR process is about placing accounts with a collection agency or with an attorney.
This new version of the FICO Score also introduces a more nuanced way to assess collection information that appears on the consumer's credit report, bypassing paid collection agency accounts and offering a treatment differentiating medical from non-medical collection agency accounts.
Kristie Lorette & Emonica Dames's HOW TO OPEN & OPERATE A FINANCIALLY SUCCESSFUL COLLECTION AGENCY BUSINESS (9781601382832, $39.95) offers a book paired with a companion CD-ROM offering all forms in the book plus a pre-written, editable business plan in Word format, and is a pick for any who would learn both the basics of small business in general and the collection agency pursuit in particular.
Even past-due gym membership fees or cellphone contracts can end up with a collection agency, potentially hurting credit scores and job prospects, said Caroline Ratcliffe, a senior fellow at the Washington-based think tank.

Full browser ?