Why would a collector agree to monthly payments of $40 for the subsequent 12 years on a colossal charged bad debt?
Question:
Even if the debtor has no assets, is unwaged, and the account is over six years older. Why would a bill collector agree to waive interest fees, and accept payments this low for 12 years? Or is it possible they're up to something and lately trying to get the debtor to fashion a payment previously the SOL runs out?
Answer:
Any money is better than no money.
Let's say I owe you $100 but don't earnings you for five years. In fact, I never pay cheque you at all. In the interim, you could own reinvested that $100 at 5% and had $125 after five years (approx.). But since I never compensated you, you pretty much lost out.
So, instead you sell my $100 credit to another collector for $20. At lowest possible you now hold $20, right? And the person you sold the rights to will come after me and try to attain $40 from me. Thus, if successful, he or she will make $20 profit.
Such is the temperament of business, my friend. "Scott B" pretty much hit the nail on the boss.
All they want to do is to get the money started and to prolong a relaitionship with you. Once it begin it will not be long before they put up for sale it to some other debtor and the new debtor will come after you.
Because they will still gross money on it. Since the debt is 6 years old, the debt collector most feasible bought the rights to collect if for pennies on the dollar. Since it has already be charged off I would simply not settle up it.
Your debt is due and collectible in full at any time. If the collection agency agrees to $40 per month, they already know what they compensated for your debt. Lets say your debt be $5760. If it is old and immobile, the collection agency might have purchased it from the imaginative lender for as little as 10c on the dollar or $576. They only hold to get you to pay packet $40 per month for a little over a year back they have their investment fund. They will then look to flog it to someone else. It is not likely that you will catch the debt forgiven. At some point, someone will take a judgement or try to appropriate your assets. Even if you start paying the $40 per month, unless you have a written agreement, nearby is nothing to stop them from going after you for the full debt.
Some money is better than no money on a debt to be exact going to roll off your report at seven years. If you receive even one payment or contained by some cases, have an agreement for payments, that can extend for an secondary seven years since last hustle and bustle on the account.
And, at six years out-of-date, they may have remunerated even as low as 5 cents on the dollar. Now, say you walk along and make payments for 8 months or so, and they own re-couped their purchase price and much of their expenses for collection. It can be awfully appealing to someone who is making $40 per month indefinitely to settle the whole side for 20% of the original debt - and they own made their sought after profit. Or, they can re-coup some monies, and now that is to say has seven years disappeared to be worked, they can re-sell the debt to someone else.
They would do it because right now, they are getting zilch every month forever. $40 a month, or $480 a year will help to prop-up the "bleak debt recoveries" on the books of the artistic creditor.
I work in credit and collections and while I hold never had to proffer anyone 12 years to paydown a debt, I have allowed some business as long as 2 years to "trademark good" on past due invoices.
Are culture making money lend money on prosper.com?
Question:
Any success stories for lenders or borrowers?
I saw this site referenced surrounded by lots of answers of people who needed alternative sources of loans.
Anyone catch burned?
Answer:
Trust me, the only race making money on that site are the people who created it. They use a concept used within a lot of churches in our time, but wouldn't you trust your church over some internet site? My advice.. don't do it. There are more trustworthy opportunity to do the same article elsewhere. If you are determined to use them, though, check out their rating on the Better Business Bureau first.
ECONOMICS ask??
Question:
20.Suppose you are the manager of a watch-making firm operating within a competitive market. Your cost of production is C = 200 +2q2, where on earth q is the level of output and C is total cost. (The marginal cost of production is 4q. The fixed cost of production is 200.) If the price of watches is 100, how lots watches should you produce to maximize profit? What will the profit level be? At what minimum price will the firm produce a positive output?
Answer:
TC = 200 +2q2
:. MC = dTC /q
TR = 100q
:.MR = dTR /q
MR = d(100q) /q
MR = 100
Maximum profit is achieve when
MC = MR
4q = 100
Solve for q
q = 100\4
q = 25
1. Answer = You should produce 25 wrist watches to maximize profit.
Profit = TR – TC
:. (100q) - (200 +2q2)
Substituting the value of q for 25
Max profit =(100*25) – (200 + 2* 252)
Max profit = 2,500 – 1,450
Max profit = 1,050.00
2. Answer = Maximize Profit is 1,050.00
The fixed cost (i.e. the cost you reimburse even if you produce q=0) is
TC(0)=200.
Therefore the variable cost is:
VC(q) = 2q2
Now firms produce contained by the short run if p>minimum average variable cost.
AVC = VC/q = 2q and MC = 4q
so the minimum average mutable cost is where
AVC=MC
2q =4q
4q - 2q = 0
2q= 0
q = 0
The AVC when q=0 is 0
3. Answer = so they produce if price >0.
monetary is a study of economic problem , how we solve monetary problem
Let 100q be the Revenue function R(q)
Let 200 + 2q^2 be the Cost function C(q)
Profit function, P(q) = R(q) - C(q)
= 100q - 200 - 2q^2
For profit to be maximum, slope of profit should be zero. So, differentiate P(q) next to respect to q and equate it to zero.
100 - 4q = 0
q = 25
Differentiate the slope of the profit function
You achieve -4 <0
Clearly for output q = 25, profit is maximum.
What are the vertical lines on the top right portion of a return envelope?
Question:
Often, one may find five or more vertical lines in the top right pasture of a return envelope - sometimes in other places. What is the purpose of the lines?
Answer:
That's a FIM, or facing authorization mark. It is used to backing the USPS mail processing machinery seize every letter orient correctly. They need to separate stamped communication, metered mail, and business reply messages, and the FIM helps them do this.
Could I Still Sale Insurance??
Question:
I was told that I would requirement someone to sponsor me in direct to get my license to start selling vivacity insurance. I am wondering if this is the only style to go something like doing so..Can I get the license on my own and after start selling insurance without have a sponsor??
Answer:
I believe that you can
i want to know what's the deference's between accounting & bookkeeping?
Question:
Answer:
Bookkeeping is the entering of all information from the source documents (receipts), and accounting is the annalyzing and interpretation of the information. Using the information to make decision.
nothing
According to the first source cited below:
"Bookkeeping encompass the record-keeping aspect of accounting and therefore provides much of the information to which accounting principles are applied in the preparation of financial statements and other financial information."
...and from the second source:
"Accountancy attempts to create accurate financial reports that are adjectives to managers, regulators, and other stakeholders such as shareholders, creditors, or owners. The day-to-day record-keeping involved contained by this process is known as bookkeeping.
At the heart of modern financial accounting is the double-entry bookkeeping system. This system involves making at tiniest two entries for every transaction: a debit in one rationalization, and a corresponding credit in another picture. The sum of all debit should always equal the sum of adjectives credits. This provides an easy approach to check for errors..."
Help to solve this problem?
Question:
1.The balance sheet of ABC Berhad is given below:
8% long-term debt, RM90million
7% preferred shares, RM10 million
Common shares, RM20 million
The control feels that its existing property structure is optimum. The firm’s marginal tax rate is 48%. After discussion near investment banker, the firm feel that a bond of similar feature could be issued at a obverse value provided that the coupon rate is 9%. Preferred share could be issued at par beside a dividend rate of RM9.40. Net proceed to the firm would be 96% of selling price. The firms’ common share have been lately trading for RM66 per share. Now common share could be sold to network RM62 per share, expected dividend RM 4.15 per share. The firm’s management feel that its growth rate 7% can be maintained. Calculate the WACC if the firm wishes RM48 million source of fund.
Answer:
You want me to do your homework? what will you do for me in return?
Can you justifiably protect a selling point perception for an existing product?
Question:
So I'm on this site, and I see this product. And there's a bunch of blurbs about what it's virtuous for. But I immiediately thought of one that was so blatantly beneficial to mention that I seriously cannot believe that their marketing department didn't suppose to add it! I be set to, this would probably double thier sales. Hey, it happen; not too often, but it does.
So, what is the justifiably protective way of securing that selling point up to that time offering it up to the suppliers? My idea have the merit worthy of working out something mutually benficial and I forsee the possibility of retaining monetary compensation for it. So, copyright? Patent? Thanks for any and all competent answers.
Answer:
I doubt that you can do anything to protect yourself. What if I come up with an thought of making ipods green? Does that mean that Apple could never brand name a green ipod? What is to keep the company from clich¨¦ that your recommendation be on their list of accepted wisdom and was planned for subsequent year?
From the government pattern site.
What Is Not Protected By Copyright
Ideas, Methods, or Systems are not subject to copyright protection. Copyright protection, therefore, is not available for: planning or procedures for doing, making, or building things; scientific or precise methods or discoveries; business operations or procedures; statistical principles; formulas, algorithms; or any other concept, process, or method of operation.
I obligation some aid..cos i'm frightened just about this?
Question:
Two weeks ago I lost my job as the mamager of a local block. There was no indication it be happeneing until the day it happen. The owner told me i had lost my livelihood but left me to give an account the other four members of staff. Two be fine about it. but two be not and ended up bang on my front door shouting and swearing. I was scared out of your wits. had to take the police to get rid of them!
However, one of the staff who took it defectively had disappeared at of the begining of the month but was still going mental at me.
She is pregnant and hoping to claim motherliness pay but doesnt own all her payslips even though i call the accountant and had the missing ones sent out to her. Is this my scorn?
Also a few weeks ago we had a staff appointment and i explainde that the safe be down 250.00. During the meeting adjectives the staff agreed to payback 50.00 each. it wasnt written down but nearby were witnesses. Now one of the staff is demending her 50.00 subsidise from me! what do i do? Im too scared to step out myself!
Answer:
If you are dealing with sound people a full explanation of what you own typed here should satisfy them. None of what have happened, including the motherliness issue, would appear to be your falt - the bar owner sounds similar to a bit of a scumbag for leaving you to pick up the pieces here.
However it doesn't appear like you are dealing near reasonable types. You stipulation to consider your own personal safety. The police probably won't know how to help you much surrounded by preventing these people from approaching you, unless it continues for a rightly long time and you have some evidence of sustained intimidation. However you shouldn't postpone to contact them if there are citizens trying to get surrounded by your home or are engaged within other threatening behaviour.
Some of the things you could consider doing immediately are:
Keep a record of every approach which is made towards you - times, date and a note of exactly what happen. This will help if you do run to the police for help contained by keeping these people from you.
Consider getting a friend or relatives member to stay near you for a while, or alternatively go and stay next to someone else.
Avoid walking on your own late at hours of darkness in those areas which you are set to visit - try and avoid walking home alone when it's unpunctually for example.
It is possible you could get them to filch this up with the owner a bit than you. I'm thinking particularly of the personality demanding lb50 here. Whether this is a reasonable request or not, directing them to the owner will at tiniest get them stale your back.
Try not to surface too intimidated! You can't let this stop you from doing the things you relish and living a normal go.
This sounds like it may blow over sooner to some extent than later, but as I said if a sustained struggle of abuse or intimidation is directed at you the police do enjoy powers to intervene, especially if you have some evidence - so hold on to any written messages you recieve and keep a narrative of any attempts to contact you.
call the police and consent to them along with the department of labor know everything. This is bigger than you and you stipulation help. Good luck.
make available them your bosses number let him sort it
hey,
all right id right to be heard its not your fault as you are no longer employed, so psyche say its down to whoever your boss be.
you cant keep bein harrased approaching that, its really not fair, contact the police if it persist, or get some warning, i dont know where you are from but contained by england we have the hackney cab, where they contribute free legal counsel
dont be afraid, ask for advice and backing
good luck
Wow this blows if I be you I would file restraining directives on the ones that are harassing you
I agree call the police. If you don't work nearby this isn't your problem any more. The police can put a restraining order on who ever is threatening you.
I have an idea that you're the scape goat. Call the police and tell them adjectives this. Report the whole shebang and why if the out of danger is missing $$ does the entire staff have to rate? Somethings wrong with this place. It sounds close to a front for something else and it's not your place to handle adjectives this. If all else fail talk to the reporters.
Totally agree with previous this is no longer your denounce! as soon as you were told you lost your charge and finished working there your responsibility to explain to them or traffic with any of it go out the window too.
While im sure you discern like you inevitability to sort this out and are obviously alarmed about this the loss of money should be reported to your manager office (if possible) and the police as it is break-in - it is up to them what action is done but the lb50 perception was a bit dodgy.
Refer everyone else to come first office/brewery don't be the scapegoat for the sake of what seems close to a bad director above you!
First off I call for to understand exactly what the situation is how how it get to that.
I do not understand why other force would be angry with YOU merely because you lost the job.
Did you parsimonious to say that EVERYONE lost the their undertaking and you were not here to tell them? What did you inform them?
Why don't you tell them that it is the owner's outcome and NOT yours?
I do not understand your other question. Is the pregnant employee wanting to directory for TDI? You can't file for TDI unless you are employed. Keeping payroll archives is the responsibility of the employee and accountant, NOT you.
What do you plan "the safe be down 250.00"?
Did the employees use company money?
Then you call for to pay it pay for!
Get a lawyer if you can.
don't see its your defect its down to management, jump to the citizens advice bureau and gain all the detail you inevitability and pass it on to the others as for the lb50 i.e. also down to management, but none of you should enjoy paid out a penny if it wasn't within your contract that you were responsible for the correct till after you shouldn't be responsible for it
give support to me!!?
Question:
i ordered something from Amazon.com, saying that i would wage by a check. but i cant! so if i dont sent in a check, what will come about? They say that they will ship the direct only once i distribute the check.
i wont get into some sort of trouble right?
Answer:
To be 'totally proper' you should be in motion 'online' and CANCEL your order. You don't inevitability to tell them that you 'can't transport them a check' ... otherwise they could 'send you' what you ordered anyway, and it would be up to you (and you would have to reimburse the extra shipping) to send it rear. You should NOT get into some sort of 'trouble' near this, but you do need to 'deal next to it' in aMATURE, ADULT behaviour. And after this, don't tell them that you'll dispatch a check if you don't already have the money contained by the bank within your own checking account.
Well close to you said, they won't ship it until you send the check. If you never distribute it then don't verbs about it. No trouble. Cancel the direct.
Hi, first read the terms and conditions and fine print clearly. Check if nearby is any penalty for shifting your mind. If there isn't, in recent times drop them an email and inform them honestly why you could not pay by check and ask them for other modes of wage. If you really intend to change your mind on the buy and sell, send an apology email to them. High hit and miss that they will accept your apology and close the luggage.
i think their is no such a check when you reward what you want to buy i just know is the credit card. and when you dont salary it by check if their is, they will not recognize the one that you want to buy.
thats my evaluation
How can I buy e-gold next to paypal USD?
Question:
How can I buy e-gold with USD surrounded by my paypal account and can I buy e-gold near just $1.00 within my paypal account?
Answer:
You involve an on-line broker that deals next to e-gold. Each will have their own minimum purchase requirements. Most also enjoy minimum deposit requirements if you open a transaction statement.
No. Brokers charge minimum $5.
flea market shares of top 5 tv companies surrounded by india?
Question:
Answer:
http://www.businessmonitor.com/telecommu...
1. NDTV
2. STAR
3. IBN
4. ZEE
5. SONY
Bank within NYC that sell cashier's checks to non-customers?
Question:
I have already tried Chase, Commerce, Bank of America, and Sovereign. I am a customer at Commerce and Bank of America but they insist on depositing the funds within my account first which I don't want to do. I entail a cashier's check for about $5000 I don't safekeeping about the levy. Grateful if anyone knows of a edge.
Answer:
Try the Post Office.
Get money orders instead! They will adjectives sell them
big Ebay problem?
Question:
What is it with Ebay's response troop? They refuse to minister to me and send me impossible to tell apart automated email. Basically i messed up in selling an item, i put the wrong reserve contained by and didn't see the hidden fee's when agreeing. I increased the reserve to stop inhabitants from buying it as i sold the item in private, I presently owe them lb200 for a high reserve levy which i didn't know about. I've sent them going on for 8 emails and get equal answer. Any advice on what i can do? I can't afford to recompense lb200 in one be in motion!! I realise i've messed up but this was an honest mistake...can i catch out of paying, or pay them contained by chunks?
Answer:
go to home page,click on "live help",I enjoy used it many times and hold problems resolved within minutes.
yeah ably that's how they make money and I dontl come up with you will be getting any help from them. I sure haven't mines a bit different problem but people repeatedly bid win and never pay so I'm disappeared with slaughterer fees and no money or profit to pay them past its sell-by date. they count on this. They're covered wither way and I'm sure when you signed up if it's anything similar to here you can automatically be charged to your credit card or BANK account!
They're reply would most likly be that you should enjoy ended the auction not up the price or if you enter the wrong amoutn to begin next to and that resulted with a soaring fee than you should enjoy read the page before submitting the auction.
I'm sorry I have a feeling you EBAY sucks.
dont pay them at adjectives, and keep sending more and more e-mails. i enjoy been through tons situations just approaching this. e-bay is a giant corporation, and if u keep sending emails, they wont sweat it over 200. purely keep ur money and preserve e-mailing
Good Luck Buddy! I've been battle E-bay and their bed partner Pay-pal for about 6 weeks. I too messed up and did not distribute an item out prior to X-mas. Because of snow storm and other elements ( I did not contact buyer in a timely manner). A complaint be filed next to Pay Pal they suspended my account, E-Bay to follow. No one around to hear me. DIA be shut down for 3 days, it wasn't all my idiosyncrasy. There is no talking to anyone near a brain cell or the ability to use adjectives sense nor do they have any independent ruling making skills. They have their rules is place to protect the public, (that is good)but Nothing surrounded by place for innocent error. Just a bunch of verifying you are you and adjectives there jacked up, automated e-mails. Frankly they SUCK!! I've jump thru so many hoops I am literally exhausted. Unfortunately E-bay and Pay comrade have monopolized the entire Internet. You'll enjoy to jump Thru ever hoop, salary the fee if you want to verbs using E-bay. Not a good belief to set up another account contained by your name, try using a trusted loved ones members.
Use the "LIVE HELP" on their home page. They can resolve the issue for you terribly quickly. Depending on the light of day and time, you might have to hang around for an 'operator' though. Best of luck.
Sometimes I receive reward in the lead notification from Lottery office. Are they serious or defraud?"
Question:
Randomly an email comes into my mailbox yahoo or hotmail and informs me that I have won a infallible sum of money after their lottery drawing machine. They ask me to saturate in my personnal info to a soul named prize claiming agent. This human being will introduce me to an attorney to whom they will ask me to pay a sum for claiming the prize on my behalf. I would close to to know if these kinds of facts are serious or defraud?
Please post my question and invite family to answer it. Their answers will not only comfort me but many others who enjoy received these kinds of emails and don't know how to resolve.
Thanks surrounded by advance!
Answer:
Sorry it is a trunk scam and you are advised to stay away.
You will be asked for a process payment then a release tax then a handling payment and then a transferring allowance and the looky here its you that has given adjectives your money away.
MATE DONT DO IT.
Farewell from New Zealand
duhhhhhhhhhhhhhhhhhhhhhhhh frauds please tell us your not that stupid
this is what i respond near of course threre imitation if you really won some money they would just offer it to you PLEASE BE ADVISED THIS IS AN FBI INVESTIGATION INTO FRAUDULENT CLAIMS.DO NOT ATTEMPT TO FLEE.YOU ARE BEING TRACKED AS WE SPEAK.ONE OF ARE FIELD AGENTS WILL BE IN CONTACT TO QUESTION YOU, OR TAKE YOU IN TO CUSTODY. ps **** off con boy
S C A M ! !