What is a Credit Agency?

A credit agency is an outside company that is hired to ensure that a specific debt is paid. Creditors can use these third party organizations to seek reimbursement and payment on certain outstanding debts. There are many regulations in place to govern how credit agencies enforce payment of debts, and federal laws oversee the manner in which these organizations function. When credit agencies do not follow protocol in their efforts to secure a payment from a debtor, they can be subject to lawsuits or penalties.

If you have questions regarding your credit or bankruptcy options, contact Florida bankruptcy lawyer Ryan J. Really, Attorney at Law, PLLC, at (239) 237-0675.