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Glossary of Popular Business Collection Agencies Terms

Glossary of Popular Business Collection Agencies Terms

To simply help customers through the commercial collection agency procedure, the Department of Consumer and employee Protection (DCWP)* created this glossary, which include widely used terms with debt collection communications plus recommendations (rules, agencies) essential for consumers to understand.

  • Italicized terms in explanations will also be defined within the glossary.
  • Unless stated otherwise, all information mirror new york regulations and guidelines.
  • This glossary just isn’t meant as legal counsel.

*DCWP is the Agency’s brand new title. In most sources, DCWP entails DCA (Department of customer Affairs), the Agency’s old title. Continue reading Glossary of Popular Business Collection Agencies Terms