Activities of collection agencies to recover overdue debts of the borrower to the bank Legal Issues

Abstract. To ensure the stability of the banking system is not only important to have a mechanism to protect consumers as the weakest party consumer credit agreement, but also to improve the mechanism refund arrears. The article presents the concept of «debt collection», showing the features of its implementation despite the absence of a specific law governing the activities of collection agencies. It concludes on the need to improve legislation in this area.