Info on Collection Companies

[Amit Friedlander]

Hello,

I am seeking info on Collection Companies. I have heard that they can persue contractors that have not held their end of contracts and done poor job. Anybody have experience with these companies?
Is it better to go this rout or better to file a court suit against a contractor and hope to get money back this way?
Any thought and info on this matter will be helpful, especially from people that have actually gone through this kind of proccess....

Thanks