Debt recovery service
Debt recovery service A debt recovery service indicates the process of collecting a debt amount owed to a first party (creditor), which has to be recovered from a second party (debtor). Such services can be performed by a third-party debt collection agency (outside the creditor’s organisation) or by a first – party DCA (operating within the creditor’s organisation and part of the same company). Debt recovery services also consist of a detailed plan how the debts will be repaid and how the default amounts will be collected from the subject in debt.