Card Rebate

A store has to be capable of given its clients credit all the time or it will have a difficult time staying on top of their sales goals. Credit is very important to be able to keep inventories rotating and buying new merchandise. To be able to give your clients thirty day credits and sometimes more than that you need to have a huge cash reserve. This is where Accounts Receivable factoring comes in.

Welcome back to debt collection 101, your beginner’s guide to debt collection. In articles one and two, I spoke about the different kind of collection agents, how bill collectors will locate a consumer, and what they will do when they contact the consumer. In article three I described the strict rules and regulations that debt collectors, particularly third party debt collectors must abide by when they make each phone call.

Are you snagged in a payday loan debt? Is it more difficult to stay ahead of the mounting interest payments and fees?

If you received a statement from a creditor for a product or service you never purchased or subscribed to, it’s important to take action immediately. If the debt was incurred through misrepresentation or by fraud, you’re not legally liable for it. State and Federal laws ban businesses from cheating or deceiving consumers. Specific laws described as unfair and deceptive acts and practices (UDAP) have been enacted to protect consumers. These regulations apply to most privately owned businesses.

If you believe you’re a victim of misrepresentation or fraud, you need to take immediate action to stop it. If you discover violations of the unfair and deceptive acts and practices (UDAP) laws, you can use this information as part of your defense should the collection agency or creditor file a lawsuit against you.