Glossary of Popular Business Collection Agencies Terms. a financial obligation collector usually relates to a free account whenever claiming a consumer owes cash.

Glossary of Popular Business Collection Agencies Terms. a financial obligation collector usually relates to a free account whenever claiming a consumer owes cash.

In regards to the Glossary

To simply help customers through the commercial collection agency procedure, the Department of customer and employee Protection (DCWP)* created this glossary, which include widely used terms with debt collection communications plus recommendations (rules, agencies) essential for consumers to learn. Bilingual glossaries within the top ten languages talked by New Yorkers with restricted English proficiency are obtainable in area above and also at nyc.gov/dca.

*DCWP is the Agency’s brand new title.

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