What is a debt collector?
Debt collectors In financial spheres there are different interpretations defining what a debt collector is. Generally a debt collector is an entity, which is authorised by law to recover debt amounts on behalf of an original creditor. Such agent is also called bill collector and is typically part of a private and licensed DRA (Debt Recovery Agency). A debt collector can also act under creditor’s company trading name, where he is an employee in the same organisation.