Collection agencies in in Vax are companies which are hired to collect payments of debts or borrowed amounts from either individual or businesses. A collection agency makes sure the payment of an amount which is due by the borrower is made within a given time frame. Collection agents run a very big business and function differently in every country based on the rules there. A collection company is well-versed with the financial laws of the country and based on these regulations, the agencies outline terms and conditions for the payments. For a nominal fee per collection, the agent can be hired by the money lender of financial business that requires help.