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There are 7,060 collections agencies in the U.S.—here’s what to do you if your credit card debt is sent to one

Collection Industry News

Select spoke with Shelly-Ann Eweka (CFP, ChFC), a wealth management director at TIAA , who shares everything you need to know about debt collections. What is a collections agency? “A Next, your creditor passes it to a third-party agency that’s separate from your card issuer, but contracted through them.