What are 3rd Party Collection Agencies?:

Businesses that attempt to collect debt owed by other businesses or individuals are called collection agencies. Third party collection agencies often purchase debt from a creditor for a fraction of the amount owed in an attempt to collect monies and make a profit.

If you have been watching the news lately, you will know that collection agencies have a reputation for being aggressive. Some of them will do anything and everything they can to collect debt, including reverting to threats and illegal practices.

These agencies rely on the fact that most consumers don’t know their rights regarding debt collection practices. It is important to learn what creditors can and can’t get away with! If you would like more information on what these third party collection agencies can and can’t do, sign up for a free financial evaluation from one of our trained consultants. We are here to help you get out of debt, and prevent you from being harassed and overwhelmed by the illegal practices of third party collectors.

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