This will avoid dealing with bad checks
But, if a firm's bad check
losses are higher, here are a few recommendations that can curtail losses:
One out of five merchants don't charge for a returned bad check
The legislation, Senate Bill 525, includes collecting restitution for bad checks
with the broader practice of collecting debt, and Gardner believes that puts bad check
restitution under the Fair Debt Collection Act.
They said with the new procedures, to be implemented soon, there would not be any need for court sessions to listen to the complaints of those who receive bad checks
Michael Lynn Marks, 38, earlier pleaded guilty to multiple counts of first-degree theft and first-degree forgery in a scheme that duped people into accepting bad checks
for cars offered for sale on the online advertising site craigslist.
He added that due to the efforts of SIMAH, the Saudi Arabian Monetary Agency (SAMA) and the Ministry of Interior, the number of bad checks
issued in the Kingdom has been reduced.
13 /PRNewswire-FirstCall/ -- Wachovia launched two new products today through Wachovia Business Online (WBO) -- Online Deposits and Bad Check
Recovery -- to provide small businesses with cash management services on par with those available to most large regional and national businesses.
With an estimated $50 to $60 million in revenues a year at stake in the bad check
game, is it any wonder there is such reluctance to change the status quo?
iSmart Check Processing System Helps Lunch Programs Recover 100 Percent of Bad Check
But things soon will get a little hotter for bad check
writers under a new Check Enforcement Program intended to thwart bad check
writing, return more money to victims and reduce the cost of prosecution.
Epson's TransScan technology is currently activated in 14 stores and initial results demonstrate a major reduction in office labor, check processing costs, bad check
losses and lane processing time.
The company allegedly sends letters to consumers demanding payment and threatening to put the consumer on a bad check
list to be accessed by creditors.
In October, there were more than 8,000 bad checks
reported to the Los Angeles County District Attorney's Office Bad Check
Program, a 14 percent rise over the same period the previous year.
24 /PRNewswire/ -- The Chicago law firm of Edelman, Combs & Latturner has filed a class action lawsuit under the Fair Debt Collection Practices Act against a local collection law firm for attempting to use the Illinois bad check
laws to collect checks issued in connection with "payday loans.