Individual who assumes responsibility for a loan if the borrower fails to repay Default Federal Perkins Loan, Federal Stafford, Direct Loan, Federal SLS, Federal PLUS, or
A business organization that accepts, from schools and lenders, loan accounts that have become delinquent or are in default, and attempts to collect on those accounts A fee is charged for the service
A company that is contacted by the original lender to collect past due and defaulted accounts
intelligence division continuously and systematically collecting information; agency that collects payments on unpaid bills, firm that collects payments on delinquent loans, business that collects unpaid bills for other companies
If you fail to pay a credit or charge card bill, the card issuer may send your overdue bill to a collection agency, a company that will attempt to obtain payment from you If this happens, your account may be listed as a "collection account" on your credit report If you do not pay your bill and your card issuer has to go to a collection agency to attempt to obtain payment from you, you may be liable for the cost of the collection agency's services Check your cardholder agreement to see if your card includes this potential fee
Third-party business who acts on behalf of one of your creditors in order to retrieve late payments on an existing debt
-A company hired by a creditor to attempt to get the balance of an account paid off
A company that will attempt to obtain payment from you If this happens, your account may be listed as a "collection account" on your credit report If you do not pay your bill and your card issuer has to go to a collection agency to attempt to obtain payment from you, you may be liable for the cost of the collection agency's services Check your cardholder agreement to see if your card includes this potential fee
A business organization that accepts, from lenders, loan accounts that have become delinquent or are in default, and attempts to collect on those accounts A fee is charged for the service
A business which acts as an agent for an entity to be the collector of debts, usually for a percentage of the amount collected Can also refer to a collection unit within a state agency
A company which specializes in recovering past due payments on delinquent or defaulted loans