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  • Writer's pictureThe Preferred Group of Tampa

What About Collection Agencies?

  1. They are not the enemy: It's in the best interest of the agency to find a way to work with consumers and get the debt paid in the shortest amount of time. Most reputable collection agencies don't get paid, unless they collect.

  2. They work as a third part: Agencies work as a third party to collect for a variety of industries. Typically any business - small or large - that needs to collect unpaid debt, such as doctors, plumbers, property management, hospitals, HVAC, and retail stores.

  3. They do not buy debt: Collection Agencies do not buy debt, so they can't lower your debt, but they can work with you regarding creating a term that works within the confines of the contract with their clients.

  4. The realize things cause late pay: Agencies realize that everyone can have extenuating circumstances that cause this late pay. As the consumer, make sure to work out a plan as that will go against your credit score.

For more information, visit, call 800.741.0802 or 813.251.0802, or email You can also visit their location at 8875 Hidden River Parkway, Suite 100 Tampa, FL 33637.

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