Sentences with phrase «uncollectible accounts»

Handled the reduction of uncollectible accounts receivable while maximizing revenue by implementing an accurate billing system for service rendered.

Company: Romtelecom S.A., Romania Position: Economist — Accounting Department Accomplishments: Responsible for customer deposits payable and uncollectible accounts.

To account for any uncollectible amounts or the risk of uncollectible accounts, I set up an allowance / writeoff and recoveries component of the system.

Bankruptcies or consolidations of our large retail customers could seriously hurt our business, due to uncollectible accounts receivables and the concentration of purchasing power among the remaining large retailers.

Charge - offs provide a method for credit card issuers to remove uncollectible accounts from their books, and the process typically occurs after a credit card account becomes 180 days delinquent.

Eager for sales, Graff extended credit to all comers and lost more than 20 % of sales to uncollectible accounts.

Not exact matches

Its 1998 - 1999 accounts admitted that # 511.45 million was outstanding in child support debts and that a further # 387.57 million had been classified as probably uncollectible.

When a debt collection company is asked to provide certain documentation and accurate information (examples: their debt collector license to collect on debt in a certain state or accounting statements) and they CA N'T PROVIDE the requested items or if they provide inaccurate information, the debt becomes legally uncollectible and you don't have to pay it!

When a creditor considers an account as being in charge - off status, they are essentially considering the debt as uncollectible so late in the game.

We will send you a Periodic Statement of your Account each month that you have a credit or debit balance of more than one dollar, or where an Interest Charge has been imposed, or there has been activity in your Account unless we deem your Account uncollectible or delinquency collection proceedings have been instituted against you.

Like a speeding ticket getting dismissed, third - party debt collection accounts can be proven to be legally uncollectible, meaning you don't have to pay it!

Charge - off When a debt is considered uncollectible and is removed from active accounts, and when the balance due is removed from the record of the creditor's assets.

Action of transferring accounts to a category deemed uncollectible, such as a bad debt or loss.

With private student loan debt you may settle these accounts, or utilize debt validation to prove the debts to be legally uncollectible.

Charge - off is just an accounting term the company uses to show that the accounts have been written off as uncollectible.

An account that is uncollectible is one that has no chance of being paid off due to the fact that the borrower filed for bankruptcy or can not be located.

We may discontinue sending billing statements to you if we deem your Credit Account to be uncollectible or if we sent your Credit Account to an attorney or other third party for collection purposes.

Credit card charge - offs — which measure the number of accounts that credit card issuers have written off as uncollectible — are also at historic lows, falling 23 percent since this time last year.