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Arizona, Kentucky, and Hawaii Become Latest States to Introduce Legislation to Regulate Earned Wage Access Products

Troutman Sanders

Arizona’s proposed bill makes clear that EWA services are not considered to be loans or money transmissions, and voluntary tips or gratuities are not finance charges. Compelling a consumer to repay by filing a suit against the consumer, using a third-party collection agency, or selling outstanding amounts to a third-party collector.

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3 Tips for Hiring a Debt Collection Agency

National Service Bureau

In reality, debt collection agencies are the most useful means to get someone who has a legitimate contractual obligation to make good on their promise so that the honest businessman (perhaps yourself or your company) on the other side of the trade doesn’t get left holding the bag. Research the Company. Do they have insurance?

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Student Debt Weakens Retirement Security

Collection Industry News

In the past, older households were more likely to retire debt free with a paid-off mortgage. Student loan debt for older adults, their children, and their grandchildren has been rising for decades. Student Loan Debt Is the Fastest Growing Type of Debt for Older Americans. Source: site. Those days are over.

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What is a Debt Ratio and why it’s a Key Financial Metric

Debt RR

Obligations that are often included in the debt ratio are : Equipment financing, including office equipment and heavy machinery. Unsecured business loans, like SBA loans and lines of credit. Alternative financing, including merchant cash advances and invoice financing. Limit Short-Term Credit Accounts.

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Gin Company seen on Dragons Den, collapses with Business debts

UK debt collections

Among the 12 creditors owed are 64,886 to Natwest from a bounce back loan, Greencroft Bottling for 40,657, Union Distillers 24.183 and Berlin Packaging for 21,401. In its statement of affairs, also registered on Companies House on 19 December 2024, it was shown that the companys estimated total owed to creditors was 195,924,28.

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