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How Do Debt Collection Companies Operate?

Taurus Collect

However, people don’t realize that there are two distinct business models in the collection industry that conduct the collection of delinquent accounts in different ways. Debt collection varies depending on the company collecting the debt. The name of the original creditor. The Process.

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How To Remove Portfolio Recovery From Your Credit Report

Better Credit Blog

Portfolio Recovery buys multiple accounts with old debt from companies that have given up and “charged off” the accounts. In other words, when the original creditor has been unsuccessful in collecting on a debt, it will write off the debt as a loss. How Portfolio Recovery Associates Works. This is called a charge-off.

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How to Remove EOS CCA from Your Credit Report

Better Credit Blog

Also known as Collection Company of America, EOS CCA is a large collection agency that currently employs about 6,000 employees. They collect a variety of debts including those from banks, telecommunication companies, student loan providers, college and universities, and more.

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How to Remove Pioneer Credit Recovery from Your Credit Report

Better Credit Blog

Also known as Pioneer Landing, Pioneer Credit Recovery is a medium-sized debt collection company that is headquartered in Arcade, NY. Originally founded in 2001, they collect debt on behalf of federal student loan servicers, county and municipal courts, the IRS, and more. What Is Pioneer Credit Recovery?