More than 200 Scranton taxpayers may have gotten a letter from a debt collection company that they did not deserve. The notices are for unpaid garbage fees that may have actually been paid. According to officials, the garbage bill itself for 2009 could be to blame for more than 200 collection notices sent to city taxpayers in error last week.
Students in a particular region of New Zealand, Whangarei may be obligated to learn in a hallway or refused entry to particular subjects if their parents do not pay compulsory course fees. Whangarei Boys High School headmaster Al Kirk says about $10,000 is owed from last year.
In the counties of Butler and Hamilton, Ohio, the sheriff’s departments tried to collect cash from prisoners to pay for the cost of their stay at prison. A huge failure, the program was halted a few weeks ago after it cost taxpayers $69,000 to settle a federal lawsuit. The state auditor put an end to the program because it wasn’t generating any revenue.
In the last article of this series I described technological singularity, which is a prediction that technology will eventually progress so rapidly that the future will be unimaginably different than it is nowadays. I mentioned the fact that it is very possible that in the distant (or not so distant) future, a computer might be built that could outsmart a human being! So if the singularity may be looming in the future, how would human beings get over that initial first hurdle of creating a computer that is smarter than humanity? Theorists reason there are two ways: amplifying the intelligence of human brains until we are smart enough to come up with this computer, and artificial intelligence.
In my first six articles on my seven article series on debt collection, I defined a collection account and why it is profitable for a creditor to send a delinquent account to collections. I wrote that many creditor will sell very old debt to third party collection agencies which become the new creditors and will begin to collect on the debt themselves.
Skiptracing, or skip tracing, is a phrase utilized by those in the bill collection industry to speak about the process of finding a debtors whereabouts so that they can be contacted in an attempt to collect. The person who performs this task is known as the skiptracer, and this might be their main occupation. Originally, the phrase skip tracer breaks down to someone who “traces” the whereabouts of a “skip,” or the person being searched for. They are referred to as a skip as slang from the phrase to “skip town,” or depart while leaving little clues behind for someone to find them.
In the first five articles on my seven article series on collecting debt, I described what a delinquent account was and why it benefited a creditor to send an account to collections. I wrote about the information agencies will collect and use and tactics, both illegal and legal that the collection agencies will use to collect debt. I mentioned that third party debt collection agencies are governed by federal and state law and overseen by the federal trade commission.
The definition of a collection account is an account with late payments that have been forwarded to a bill collection company, generally when the debt has fallen ninety to one hundred and twenty days late. Creditors will either attempt to collect their debts themselves, or more often send unpaid accounts to third party collection agencies to remove them from their accounts receivables. Then they will write off the debt in full that is owed as a loss.
In the first four articles in this series I defined the term collections account, wrote about how sending delinquent accounts out to an agency helps out a creditor, and described the practice of selling an old debt to a third party collection agency.
In the first three articles in this series I defined the term collections account, wrote about how sending late accounts out to an agency profits the creditor, and wrote about the practice of selling an old debt to a third party collection company. I spoke about the type of information that a collection company will obtain to utilize in their efforts, and the type of laws that third party collection agencies must follow. I described illegal and legal tactics that debt collection agencies use to collect.