What do you mean by collection company?

A company specializing in debt collection and repayment. They usually cooperate with financial institutions, credit card companies, banks, individual lenders and other types of creditors to recover overdue or unpaid debts. According to relevant public information, the collection company is a company specializing in debt collection. They usually cooperate with financial institutions, credit card companies, banks, individual lenders and other types of creditors to recover overdue or unpaid debts. The collection company can contact the debtor by telephone, e-mail or letter. And use various skills and strategies to urge him to repay.