Collection agency services How it works
Third-party collection agencies work on commission.
Collection Agencies receive a percentage of the amount that they collect.
Some collection agencies purchase bad debts for a small percentage of the amount owed.
Once a collection buys you debt, you the debtor now owes the full amount to the collection agency who purchased your debt.
The collection agency makes a profits if they collect more from you the the price they paid for your debt.
Related Article:Debt Collection Agency, Why Debt Collectors Bother You
How often do get home, your phone rings and it is a debt collector on the line asking you to pay off your debt? Debt collection agencies are hired by the companies you owe money to. Their jobs is to collect the debt. A Collection agency works in... [more]