What is another word for loan collection?
Pronunciation: [lˈə͡ʊn kəlˈɛkʃən] (IPA) 
Loan collection is the process of tracking down and recovering money owed on loans. There are various synonyms used to refer to the same process. One such synonym is loan recovery. This phrase also implies the same process of collecting outstanding payments on loans. Another synonym that is commonly used is debt recovery. This phrase is used to describe the process of recovering money owed on various types of debts, including loans. Similarly, loan delinquency is another phrase that is often used to describe unpaid loans. It refers to a loan that is past due and has not been repaid within the agreed repayment period. These synonyms are commonly used interchangeably in the lending industry.
