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What is the Difference between collection agency and a debt recovery company?
Wiki User
∙ 14y ago
i believe the difference
Wiki User
∙ 14y ago
A collection agency is typically hired by creditors to collect past due debts on their behalf. They often use various methods, such as phone calls and letters, to collect the outstanding payments. On the other hand, a debt recovery company purchases the debt from the original creditor and then tries to collect the funds owed. They may use different strategies and tactics to recover the debt, as they have a financial interest in the successful recovery.
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National debt collection company, Collection agency, Rapid recovery solutions, National asset management are the companies that help with data recovery.
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Alternative Legal Services and Judgement Recovery, American Bonded collection, Armada Collection, and Audit Adjustement Company Inc. are some collection agencies.
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Alternative Legal Services and Judgement Recovery, American Bonded collection, Armada Collection, and Audit Adjustement Company Inc. are some collection agencies.
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