[ad_1] A margin account is used by securities firms to lend money to clients to purchase securities, with the market value of the securities serving as collateral. Not all stocks can be purchased on margin, and the maximum percentage of securities that can be purchased on credit is set by the Federal Reserve. The amount […]
[ad_1] A bad debt reserve is a way to create a bank of funds to offset accumulated bad debt, which occurs when customer invoices remain unpaid. It can be used in receivable factoring, to write off bad debt due to bankruptcy, and to guard against bad debt incidence for small businesses. As a means of […]
[ad_1] The debt collection statute of limitations limits the time a creditor or collection agency can legally pursue a balance owed. The length of time depends on individual contractual arrangements and governmental law. Some debts, such as student loans and taxes, are not included in the statute of limitations. Unpaid balances can negatively impact credit […]
[ad_1] Current portion of long-term debt is the amount of long-term debt that must be paid within the next 12 months. Companies use accounting practices to simplify budget preparation and ensure timely payment to avoid damaging credit ratings. Long-term debt is segregated into long-term and short-term debt on the balance sheet. Maintaining this accounting process […]
[ad_1] When choosing debt collection software, consider the needs of your business and the skill level of users. Look for a system with useful monitoring, reporting, and management functions and good technical support. Hosted systems may be a good option for small businesses. Price should not be the first consideration. Whether part of an accounts […]
[ad_1] A coupon cobrador is responsible for collecting payments owed by customers, and may work for a company’s cobranch department or a contracted agency. They contact debtors to discover reasons for non-payment and may offer payment plans. Legal action may be taken if payment is not received. They may also track down debtors and supervise […]
[ad_1] Choosing a debt consolidation company can be confusing, but it’s important to choose a legitimate company that offers financial advice and helps reduce interest. It’s important to pay attention to rates and choose a company that fits your lifestyle. Choosing the appropriate credit card debt consolidation company can be a confusing process. When […]
