As more and more Americans default on their loans and end up not paying their bills far beyond the time period set aside for payment, banks and credit card companies start to get jittery debt collection london. Just as the debtor is in a financial difficulty aggravated by the economic crisis, the creditors too are facing a lot of heat and would like to ensure that their money is secure. As a result of this, the debt collection agencies are doing a booming business in today's times as the creditors approach them to ensure that their money is recovered from the debtors.