The Collection Agency Portal CollectionAgency Updates Information on Various Collection Agencies

Individuals who want to know more about collection agencies need look no further than the information portal

Online PR News – 15-June-2011 – – Individuals who want to know more about collection agencies need look no further than the information portal Collection agencies help businesses and companies by ensuring that difficult customers are able to render payment for any services or products they have received. Payment collection is a delicate business and requires discreet handling and research especially as both the business and the individual's reputation is at stake. Professional collection agencies always follow the regulations set forth in the Fair Debt Collection Practices Act (FDCPA).

Collection agency is a well-regulated business with both state and federal agencies, looking into them. The FTC (Federal Trade Commission) which is the United States consumer protection agency enforces the FDCPA per which these agencies are not permitted to resort to unfair and abusive methods to recover the money. Some other regulations with regards to debt collection include the Fair Credit Reporting Act (FRCA), the Gramm-Leach-Bliley Act, and the Telephone Consumer Protection Act. The state level collection agencies are governed by the State’s wage garnishment rules, maximum interest regulations, the Statute of limitations as well as licensing and bad check laws.

The website provides plenty of information regarding debt collection laws, rules, and regulations, the best practices for in-house collections, along with accurate, up-to-date, and relevant details on a number of collection agencies. All the data can be accessed for free on their website and it is thoroughly researched and is collected from multiple sources of information like the work by expert authors and a number of industry publications. Maintaining high data quality standards enable people to recover their money in the smallest possible timeframe. The website has all the information that people require on collection agencies at one single location and they can find exactly what they are looking for in the United States either using the state sorting option or per city.