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A Commercial Collection Agency is and agency that collects debt on behalf of their clients, same as a consumer collection agency, but a commercial collection agency collects business to business.

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13y ago
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13y ago

All Debt Collection Practices are regulated by the FDCPA, Fair Debt Collection Practices Act. The associations that work with the commercial collection agencies are Commercial Collection Law League, Commercial Collection Association, ACA International and some estates have their own associations

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Q: What is commercial collection agency?
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What is collection agency?

A Commercial Collection Agency is and agency that collects debt on behalf of their clients, same as a consumer collection agency, but a commercial collection agency collects business to business.


How are work commercial collection agency?

The commercial collection agency is used in debt collection in the event a debtor fails to.


Do you need a commercial collection agency license in Connecticut?

No


Where do you find a collection agency?

Looking for a Collection Agency, involves to know what type of debt collection service is need it. For Commercial Collections or Consumer Collections it can be found on sites that regulate the collection industry like:The Commercial Law League of America ('CLLA'),ACA InternationalAlso is very important when you choose a Collection Agency look for an agency that is familiar with the collection laws on the state that apply the bad account.


Can a business garnish another business for debt?

A business can't garnish over another business, but if they hire a commercial collection agency to collect the debt, even then the agency can't garnish. When a business debt collection service goes to Court, the commercial debt collection agency can arrange a settlement to "force" the Court to garnish over the debtor. Collection Laws varies in every state


What are collection agencys?

A Collection Agency pursues payments of debts on behalf of their clients. It can be categorized by Collection Agencies for Consumer and Commercial.Consumer is when a Lender provides credit for services or products to a Consumer, and when this accounts fail to pay, then the lender may use to collect the debt through a Collection Agency.Commercial is the same concept but collecting debt from business to another business, this is known as Commercial Collection Agency


I have a medical bill for 168.00 that was sent to a collection agency after I made a payment. They are going to keep in the collection agency until my bill is paid off. This can not be right.?

If the bill was late enough to be sent to a collection agency, the collection of that bill has been turned over to that collection agency as well.


When was Norwegian National Collection Agency created?

Norwegian National Collection Agency was created in 1990.


What is the population of Norwegian National Collection Agency?

Norwegian National Collection Agency's population is 2,005.


What happens if you do not pay a collection agency?

if a collection agency isn't paid, the debt can be put on a persons credit report. The collection agency can also choose to garnish a persons paycheck.


Can a collection agency collect interest on your debt?

Yes, Collection agency can do that. But contact a good collection agency like Guardian Credit Services, they know will how to deal with customers to get money


Once a debt is given to a collection agency can you get the creditor to take it out of the creditor's hands?

Once a debt has been sold to a collection agency, that agency owns the debt. Now it would be between you and the collection agency to settle the debt; the creditor has washed his hands of the matter. If you think the debt collection agency isn't working within its legal limits and is harrassing you, check out the Fair Debt Collection Act, which outlines was a collection agency can and cannot do.