The term "debt collection services" refers to a set of practices and procedures used by companies or agencies to recover debts owed by individuals or businesses. These services typically involve contacting borrowers through various means, such as phone calls or letters, in order to encourage them to repay their outstanding balances. Debt collection services may also include legal action if necessary, such as filing a lawsuit against the debtor for non-payment. The goal of these services is to help creditors recover the money they are owed and minimize losses due to unpaid debts.