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Who owns the collection agency and debt management companies?

Can you tell me who owns and runs the collection agencies and debt management programs? Are they owned by the banks and credit card issuers?

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One Response to “Who owns the collection agency and debt management companies?”

  • Ted says:

    I can buy an unpaid contract from anybody and then try to collect on it. That’s what the "or successors" means in the agreement…it can be transferred to somebody else.

    A lot of times the owner is a lawyer, because he doesn’t have to hire a lawyer to take you to court; he can do it himself.

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