Collection agencies are typically known for their efforts to collect debts on behalf of creditors. However, there are a number of other terms that can be used to describe these agencies. Some alternative terms include debt collectors, debt recovery agencies, and credit control companies. These organizations use a variety of methods in order to retrieve unpaid debts, including phone calls, written correspondence, and legal action. While debt collection agencies are not typically viewed in a positive light, they play an important role in maintaining the financial health of businesses and individuals alike. By providing a means for creditors to recover their unpaid debts, collection agencies help to ensure that the economy remains stable and functioning.