collection agency

American  

noun

1. a firm that collects unpaid bills for other firms and is usually compensated by receiving a percentage of the amount collected.

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Example Sentences

I also think about the collection agency that keeps calling about some long overdue payment, and Pops telling me not to worry about it.

From Literature

But the fines – which were passed on to a debt collection agency – are understood be for both the vehicle he currently drives and one he claims he sold in 2021.

From BBC

"These are surprising, new venues, not the usual event spaces we're used to seeing," says the venue hunter who heads the Records Collection agency.

From Barron's

While buy-now-pay-later activity doesn’t typically show up on your credit report, that can change if the balance is neglected and sent to a collection agency.

From MarketWatch

“When that thing goes to a collection agency, it becomes a big problem for your credit score and your credit report.”

From MarketWatch