Commercial Collections Agency also known as a debt collector, is a organization that pursues repayments of debts payable by individuals or perhaps businesses. Most collections agencies operate as real estate agents of creditors and also collect debts for a fee or percentage of just how much owed. There are many types of collections agencies. First-party agencies will often be subsidiaries of an original company the credit card debt is owed to be able to. Third-party agencies tend to be separate companies contracted by the company to collect debts for the kids for a price. A Commercial Collections Agency is usually a third-party service that performs business collection agencies for business to be able to business transactions.