Debt Collection Agencies: If a creditor is unable to recover the debt it may hire or sell the debt to a third-party company like a debt collection agency. They then become responsible for collection ...

Recent reports in the press advising that banks may be looking to bring in third-party debt collection to collect Bounce Back Loans (BBLs) that go “bad” raises a number of important issues. Debt ...

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The debt collection process is a system for creditors to recover overdue amounts from debtors, and it's vital for a functional credit system. However, it can cause stress and confusion for the ...