California Commercial Collections

Within the state of California, undoubtedly the most sought after credit collection agencies by first parties are those agencies classified as California commercial collections agencies. By definition, a commercial collections agency is a debt collection agency, which specializes in collecting those debts they have assumed from various financial institutions. In order to assume these outstanding debts from respective financial institutions, a commercial collection agency purchases an outstanding balance at a reduced price. Purchasing these accounts at a reduced price effectively allows these collection institutions to turn a profit-differentiating margin of purchase.

In California, a commercial collection agency may purchase any type of debt they please. However, the types of debts a California commercial collections company usually assumes from first party clientele are auto loans, credit cards, default mortgages, and retail goods. There are a wide variety of debts a California commercial collections agency has the freedom to purchase. As a result, such collection agencies have the ability to work with a kaleidoscope of clients. These businesses usually include credit unions, auto financiers, corporate banks, retail stores, and insurance companies.

An example of a California commercial collections agency in the Los Angeles/SoCal area is the California Commercial Collection Association. Founded in 1977, they provide an assortment of financial institutions in California with an option to collect outstanding and delinquent debts. According to their mission statement, they are “dedicated to upholding and maintaining the integrity of California Commercial Collection Agencies in the State of California through a forum providing open discussion of mutual problems and continuing education.” A portfolio of their clientele includes such companies as Allied Interstate, Inc, the San Diego Credit Association, and Davis & Goldmark Inc.

f you are looking to find a California commercial collections agency in the NoCal area, you should look no further than the capital city. Founded in 1963, Northern California Collection Service, Inc. of Sacramento serves those financial institutions of California with class and loyalty. A sister company to the Sacramento Valley and Pacific Boards of Trade, the Northern California Collection Service, Inc. of Sacramento specializes in catering their services to law firms, media outlets, and wholesale food/beverage suppliers. With locations also in Honolulu, Hawaii, the Northern California Collection Service, Inc. of Sacramento backs up their credibility claims by maintaining membership in respected organizations such as The Commercial Law League of America, The American Collectors Association, The California Association of Collectors, and The California Commercial Collection Association