Collection company
Collection company A collection company is hired to collect outstanding debts, normally operating for a commission percentage/fee of the amount taken from the debtor. In some countries, e.g. the GSA region (Germany, Switzerland, Austria), it is possible that a debt collection company will not charge its clients a fee for the pre-legal procedure, and sometimes even the legal actions can be free of charge. Debt recovery agencies are regulated by different federal laws and collection agencies acts, depending of the country they operate in, e.