Agents of Chase Bank reportedly were jacking up the amount
owed on some delinquent accounts before referring them out to third party collectors.
Credit card companies have a variety of means at their disposal to pursue the recovery of monies
owed on delinquent accounts, the most common of which are debt collection agencies and judgments against the delinquent cardholder.
Not exact matches
Older versions of both FICO and VantageScore focused more
on the fact that a consumer had a
delinquent account, versus how much was
owed.
Those with a
delinquent account in collections
on their credit report
owe an average of $ 4,600
on the
account
Other factors that affect the payment history component of your credit score are the balance you
owe on any
delinquent or overdue
accounts, and time (or recency) since you last made a late payment.
Depending
on the amount you
owe and how
delinquent your
account is, you may be eligible to have the lien erased as if it never happened.
• Create, develop and implement core collection policies aimed at reducing client delinquencies • Isolate
delinquent accounts and determine how much is
owed to the company • Create a list of
delinquent accounts and assign sets to collections officers • Assist collection officers by providing them training
on how to contact and speak to clients • Contact clients directly and provide them with updates
on their
accounts • Listen intently to clients to determine their ability and willingness to pay and make corresponding notes
FOLLETE CORPORATION, Burlington, VT (2005 — 2011)
Accounts Payable Clerk • Looked through
delinquent accounts to determine what is
owed to the company • Contacted
delinquent account holders to provide them with information
on their
account status • Maintained liaison with vendors and suppliers to ensure that their payments are made
on time • Assisted in processing invoices, check requests and expense reports for payments • Review
accounts payable documents for accuracy and correct any entries that may be questionable
Key Achievements • Negotiated payment arrangements
on past
owing receivables, bringing more than 4 million dollars from
delinquent accounts