loan collection
[/loʊn kəˈlɛkʃən/]
nounpl: loan collections
cobrança de empréstimos
1. The process of recovering money lent to borrowers, typically through systematic pursuit of delinquent accounts
The bank hired a specialized agency for loan collection after many clients defaulted on their payments.
O banco contratou uma agência especializada em cobrança de empréstimos após muitos clientes deixarem de pagar.
2. A department or service within a financial institution responsible for collecting overdue loan payments
Our loan collection department works diligently to recover outstanding debts.
Nosso departamento de cobrança de empréstimos trabalha diligentemente para recuperar dívidas pendentes.
3. The aggregate of all outstanding loans being pursued for payment
The company's loan collection portfolio reached $5 million this quarter.
A carteira de cobrança de empréstimos da empresa atingiu 5 milhões de dólares neste trimestre.
In Brazil, loan collection is a significant business practice, with specialized 'agências de cobrança' (collection agencies) playing a major role in the financial system. The practice is regulated by BACEN (Central Bank of Brazil) and consumer protection laws (Código de Defesa do Consumidor). In the USA, the Fair Debt Collection Practices Act (FDCPA) strictly regulates how collection agencies can pursue debtors, reflecting different cultural attitudes toward creditor-debtor relationships.
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