Debt companies Debt companies companies fall under the definition of debt collection agencies (DCAs). They specialise in the area of delinquent amounts and reduced or late payments. After the original creditor has written off bad debts, he will most likely choose to use debt companies to recover his debt amounts. In this case it is said that the debt has been “passed” to a collection agency. This doesn’t mean that the debt has been cleared; the indebted individual still owes the same amount.