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A debt collection is a type of account that’s been sent to a third-party debt collector. Debt collectors are people who make a living collecting unpaid debts for others. The original company with which you created the debt most likely sent the account to the collection agency after you missed several payments. From a business perspective, it’s often cheaper for companies to hire debt collectors than to spend their own resources pursuing payment on a such a delinquent account. Different creditors and lenders have different policies for sending accounts to collections. Reviewing your credit card or loan agreement will give you some information about your creditor’s timeline. Many credit card accounts are sent to a collection agency after 180 days of non-payment.
At SM Technomine Inc, we are providing a highly qualified staff for professional debt collection services for business and individuals. We are having a good network of collection attorneys.We at SM Technomine Inc, would like to be your collection agency, and invite you to contact us for any additional information you may need and look forward to earning your business