Retail Store Credit Cards – Benefits and Detailed Descriptions

Among all the new credit card offers, the retail store credit cards help the card holders to easily establish a credit history. The card members can start building their credit history based on their card usage level. Also the retail store credit cards comes with lots of attractive and useful incentives such as free gifts, gift certificates and discount coupons are provided just for signing up. The Chase Amazon.com Business Visa® Card also provides a lucarative referral program that all card users referred by card member earn points for him. There are certain few specific recommendable offers available in the market. Lets see their benefits and detailed descriptions.

Starbucks Card Duetto™ Visa®: This card offers 0% intro APR for up to 6 billing cycles, no annual fee and a wide range of Visa benefits. The card members get $10 Duetto™ Dollars in their Starbucks Card Account when they make their 1st Visa purchase and also get 1% of all their Visa purchases back in Duetto™ Dollars. The card members can earn fast and frequent rewards at Starbucks.

Borders 3.2.1 SM Visa®: The Intro APR is 0% and there is no annual fee. The card members will earn 3 points for every dollar spent at Borders®, Borders Express, Borders.com, Waldenbooks® and Waldenbooks.com and 2 points for every dollar spent on eligible Gas, Dining and Grocery purchases. Also earn 1 point for every dollar spent anywhere else. There is no cap on points earned. The card member can redeem points for Cash or Rewards.

Sony CardSM: This card provides 0% Introductory APR for up to 12 months and there is no annual fee. Provides 1,500 Bonus points after first use. The card members will earn 1 Sony Reward Point per dollar spent, 3 Sony Reward Points per dollar spent on Sony products and 5 Sony Reward Points per dollar spent at MySony. The points can be redeemed for sony products.

Toys R Us Mastercard: This card offers 0% Introductory APR for up to 6 months on the Toys”R”Us & Babies”R”Us MasterCard. There is no annual fee. The card members will earn 4 points per $1 spent in eligible purchases at Toys”R”Us & Babies”R”Us with the NEW Toys”R”Us & Babies”R”Us MasterCard. And also earn 1 point per $1 spent on their eligible everyday purchases like gas and groceries made everywhere MasterCard credit cards are accepted. Provides a 10% Savings Reward Certificate,valid at any Toys”R”Us & Babies”R”Us location, when the card members earn 1,000 points. The card members can receive up to two certificates per month.

Chase Home Improvement RewardsSM Card: This card offers 0% Intro APR for up to 12 months and there is no annual fee. provides Zircon iLine Laser Level as gift after first purchase, a $39.95 value! The card members earn up to 3 points on purchases. The card members can put their home improvement purchases to work for them by earning 3 points for each eligible $1 spent on home improvement. That’s a full 3% Cash Back! Plus, 1 point on all other purchases and interest. Points can be redeemed easily. The card member can redeem 2,500 points for either a $25 Gift Card or Gift Certificate, or a $25 check. The card members can participate in sweepstakes and they can take advantage of sweepstakes opportunities that will get them closer to their dream home!. Provides exclusive tips from the experts, work like the pros with hints and tips in every statement, as well as an exclusive e-newsletter from the editors of The “Family Handyman magazine”.

Chase Overstock.com Rewards Visa® Card: This card offers 0% Intro APR up to 6 months and there is no annual fee. Provides $25 Bonus Overstock.com Reward certificate after their first purchase. Provides more great savings such as the members can earn 3 rewards points on purchases made at Overstock.com with their Overstock.com Rewards Visa card. Provides savings everywhere the card members shop. The card members also earn 1 rewards point on all other purchases, that means they earn 1 point for every $1 spent at places such as grocery stores, gas stations, restaurants and more. For every 2,500 rewards points, the cardmembers will automatically receive a $25 Overstock.com Reward Certificate.

Chase Amazon.com Platinum Visa® Card: This card offers 0% intro APR for 6 months on purchases and balance transfers, variable rate thereafter. And there is no annual fee. The card members will earn 1,500 Bonus Points after their first purchase with their Amazon.com Visa® Card. Provides free rewards that come quickly, easily, and automatically. The card members also earn 3 reward points for every dollar spent at Amazon.com, 1 reward point for every dollar spent on purchases elsewhere and for every 2,500 reward points, they’ll receive a $25 Amazon.com Reward Certificate.

Chase Amazon.com Business Visa® Card: This card offers 0% Intro APR for the priod of 6 months. There is no annual fee. The card members will earn 1,500 Bonus Points after their first purchase with their Amazon.com Visa® Card. Provides free rewards that come quickly, easily, and automatically. The card members also earn 3 reward points for every dollar spent at Amazon.com, 1 reward point for every dollar spent on purchases elsewhere and for every 2,500 reward points, they’ll receive a $25 Amazon.com Reward Certificate. Provides online quarterly management reports help the card members to track spending and zero liability on unauthorized purchases.

These are some of the recommendable specific retail store credit cards available in market.

Modalities on How to have a New Business Credit Card

A credit card for personal usage is difficult to get, so much more for everybody who is applying for a new business enterprise credit card. Large numbers of commercial enterprise proprietors conceive that their application would be refused basically because their commercial enterprise misses financial history. What they don’t know is that a good and substantial income history is sufficient to make an opinion that your business is going to pay its credit ratings. When the opinion is made, it will be a bit easier to convince the credit card company to come out a new business organization credit card for yourself.

The final point that you have to plan for in order to fully convert the banking company or credit card company to supply a new business credit card for you is to demonstrate them that you and your business can pay for your credits on time. This will be done by proving them that you have a positive personal financial history. This will be relevant particularly if your business is comparatively new because the banking company or credit card institute will view the financial history of the individual who is going to pay for the business credits that is you, the owner.

It is very hard to create a financial history for your business but in the long term, you must make one. You could go to a lending institution or if you own a mortgage, you surely could pay for it through your business. This would certainly be a sign of your motivation to pay off your mortgage and your capability to pay for it. For the personal financial history, you could make one by getting cards from little retail stores or department stores and gasoline stations. These cards are easier to get particularly for first time appliers. You could make a good history by paying the installments on time for a couple of months then pay off the rest of the balance in full. Even though these cards have modest credit limits, they can still serve as proof of your possibility to pay and be a starting point of your financial history.

Debit cards may be utilized in building a financial history but it is only applicable if the depository financial institution where you have a debit card is also the very same banking company where you’re applying for a credit card. A debit card is like a credit card but you’re merely allowed to do purchases that are within the amount of money in your account and the amount is instantly derived from your bank account. If your money in the bank account is insufficient, the transaction would certainly be automatically invalidated.

A new enterprise credit card can be very difficult to get since your business doesn’t have any financial history it could be best if you begin doing an effective financial history even if you’re not joining for a credit card basically because who knows? You might necessitate it someday and by then, your business already has a competent financial history to sustain your firm income history.

Review your Credit Card Statement!

You should review your credit card statements for several reasons: to verify transactions and payments; pay attention to the due date; look for fees and penalties; and note credit line/ limit and credit available.

Transactions and payments
Verify the transactions on your bill including items charged by matching them to your receipts or at least review the list for anything you don’t recognize. Whatever you can’t verify, contact the credit card company to get more information to determine if you need to dispute it or if you have been a victim of Identity Theft. Confirm the payment on the statement with the amount you sent either by check or online bill pay.

Due date, amount due and minimum payment –
Hint…the due date is not a suggestion!

Make sure to allow enough time for your payments to be received, processed and clear the bank. If you are mailing your payment you have to allow additional time for it to be received, which is at least a minimum of 7 business days. Online bill pay usually takes about two days to be posted. The amount due is listed along with the minimum payment. If you pay the minimum or a portion of the balance due, you will incur interest charges. There is a fairly new section on the statement, thanks to the CARD Act, that includes how long it will take to pay off the card balance, if you only make the minimum payments.

Fees and penalties

Look for fees charged by the credit card company such as late fees, interest, and additional penalties. You need to understand the reason you were billed for these and how to avoid them in the future. For example, late fees can added to your bill each time you are late. In addition, the interest rate can increase and possibly double, because you have paid late. The fine print explains how your balance is calculated and how payments are posted.

Credit line/credit limit and credit available

The bill also lists the credit line/limit that is the maximum you can charge on the card. It also lists the credit available or how much you can charge. This is the difference of your credit limit and the amount you owe. You don’t want surprises on your bill and you need to be aware of the penalties. Your bill contains lots of information, which is mainly in fine print that can be intimidating. Most importantly, don’t ignore you bill; pay it on time and in full if possible.

With the recent explosion of major retailers being hacked for their customers’ credit card information, we ALL need to review our statements religiously.

Interview on the essentials of debt collection and its advantages to international trade

Dear Mr. van der Sande, I am please to have you for this interview. As you are most probably aware there are many issues unclear about the activities of debt collection companies. I would be happy to hear your answers on the following questions:

Why would any company at all assign a debt collections firm for its international receivables?

“Many companies do not want to waste too many valuable resources on sending notifications, reminders and regular collection calls. Next to this, we have the resources to engage a debtor in its mother tongue by someone actually understanding certain cultural sensitivities to be taken into account. Also, mangeres want to take distance from the frustrations and prevent too much emotional involvement to harm a client relationship”.

What are the concrete benefits of pre-legal debt collection?

“You lower financial risk by not paying high advance lawyer fees without having any guarantee on a successful solution. In case a pre-legal solution is reached, you will have saved substantial time on lengthy legal proceedings. Also, by assigning a collections firm you do not necessarily jeopardize your client relationship. By a tailored approach and exerting solely soft pressure you can prevent enraging your client. An ofter overlooked benefit is that within the pre-legal process, result or no result,you will you will gain information on whether or not legal proceeding would at all be instrumental, thereby preventing spending money on a costly but eventually aimless lawsuit”.

What is the most common reason a debtor does not pay its debt?

“It is not easy to put debtors in boxes. Especially in the beginning of a debt conflict it remains guess-work to reveal the debtors real intentions. In most cases the debtor is simply not able to pay its outstanding bills. This goes in particular for trading companies as some of them they purchase their products on the basis of mere speculation. If they have sufficient funds to pay their bills, it most often means they were able to sell their products. They subsequently would not risk not paying their suppliers as the supplier will simply cease supplying, endagering the debtor’s future profits.

But there are also those companies which willingly delay payment. They make a profit on the accrued interest and just hope for a foreign creditor not to take further steps against them. These companies are highly sophisticated and know exactly how far they can stretch the process. We are signaling this behavior in an early stage and have apt strategies in place to counter these.

The most problematic group however consists of those companies/individuals who had bad intentions at forehand and never intended to pay for what they had purchased. In this group we often see companies which are on the verge of bankruptcy, and knew they were not going to be able to pay for the goods or services delivered to then. But also we have seen individuals with vague whereabouts and disputable backgrounds”.

How can DAT-Consultancy help in case a debtor is untraceable?

“When we receive a debt collection case the client normally provides us with the contact details of the debtor. One of the most frequently seen reasons at the basis of an overdue account is a creditor company not managing to reach debtor anymore. In case debtor is a private person, there are many things that could have gone wrong in order for an invoice not to get paid. The invoice could be addressed to an incorrect, or sometimes non-existing address, or the debtor simply could have moved to another address without properly informing the creditor. We have now for example some years experience with tracing the whereabouts of debtors in for example Turkey be it a company, or a private person. We succeed in tracing over 75% of untraceable debtors via for example our contacts within different governmental institutions or by making smart use of web 2.0. Our skiptracing service can trace any Turkish citizen with a Turkish passport merely on the basis of the surname plus date of birth, passport number, or personal identity number”.

How long does it take on average to solve a debt file?

“From the moment we receive a debt claim onwards, until the very moment the debtor signs a payment contract, we need on average an approximate 6-8 weeks. It happens nevertheless that debtors act immediately and effect the overdue payment immediately after the receiving of our First Demand. In case this does not happen but a debtor has shown its willingness to start paying off his debt, negotiations for a debt settlement start. This can be sometimes be a lengthy process. We are however aware of these tactics, and attempt to intensify contact at this stage. After agreement is found it is only a matter of days after which we let both parties sign an agreement so payments can start. It does of course occur that a settlement can not be negotiated with a debtor, after which we will have to decide to take a case legal. We are aware of the fact that patience is important in order to persuade a debtor, but at the same time we are realistic and we would know when to cease negotiations and file for legal proceedings. After a case is brought to the Court, expectations should be considerably lowered. Depending on the judicial system within the country where the debtor resides, it can take up to 1-4 years before any Ruling”.

What is your success rate for solving a case pre-legally?

“Our current succes rate is approximately 70%. We define succes as the achievement to make a debtor pay that amount of money which sufficiently satisfies the creditor, or the arranging of a debt settlement or a repayment schedule to which both debtor and creditor have agreed”.

There are people which are unfamiliar with the term ‘no cure no fee’, or ‘no win no fee’. Why do most collection firms actually act upon the basis of no win no fee?

“Its meaning is actually quite straightforward as it refers to the arrangement between us and our client that the latter does not pay any procedural or legal fees for as long as we have not yet recovered their money. The attractiveness for our clients to assign their debt files to us on the basis of no win no fee lays in the simple fact that it minimizes risk. If a lawyer had to be assigned, an advance payment of at least 5-10% of the total sum would be asked in order just to commence proceedings. In contrast DAT-Consultancy is only asking a small one-off admin fee of less than 50 Euros. In this way collection procedures become more accessible to companies with limited financial resources”.

How and on what basis do you start a debt collections case?

“Clients assign us either by email, or via a ‘claim submit’ form on our website. They fill out all details and attach some basic documents corroborating their claim as e.g. invoices, agreements, and copies of correspondence with debtor. After submission of the form we will send them a confirmation of reception and a Service Agreement. Only after we have received a signed copy of this Agreement, we will commence collection proceedings, and the commission fee stipulated in it becomes binding”.

People often distrust collection firms for any hidden fees or receiving unexpected invoices with unanticipated procedural fees. What do you say to that?

“For incidental files from new clients, we ask a small one-off administration fee. However, with most of our clients we entered into a durable relationship and they send us regular files for which no administration fees are due. In certain rare circumstances and incase of a complex debt file we may ask for an additional handling fee proportionate to the age and complexity of the debt. However, during the collection process there are absolutely no further fees. This is something like a sin in the debt collection world”.

In which countries do you collect?

“We do currently collect in over 50 countries worldwide. Through our staff we can communicate in 12 different languages, and we have demand letters and notifications available in all these languages. We first attempt to achieve some result through our own notifications and collection calls. However if we fail to be successful, we instantly assign our partner office in the country of the debtor, which will take over”.

Are you acting fully independent or are you a member of any professional umbrella organization?

“We are member of the ACA International, the main international organization for Credit & Collection Professionals. Through our membership we abide by their Ethical Guidelines, and the internationally recognized FDCPA. In the event of a debtor perceiving of any wrongdoing from our side, any complaints against us can be filed at the ACA, where an ethical committee will analyze the legitimacy of the complaint with possible penalties or us losing our membership.”

Do you only engage in pre-legal debt collection or do you also arrange for legal proceedings? If so, how does this work?

“We do not arrange for legal proceedings ourselves, but facilitate them together with our legal partner in the country of debtor. When we feel that we have exhausted all pre-legal options, we advise our clients likewise. We provide our clients with all the details on legal procedures in that particular country. Legal proceedings are not everywhere the same and per country can vary to a large extent in terms of administrative necessities and the required legal costs. In cooperation with our partner we always attempt to keep the legal fees as low as possible and keep the process simple and accessible. In some countries we can offer contingency-based (no win no fee) proceedings, but in others the creditor (often by law) has to cover for the legal expenses. However, the Agreement we enter in with our lawyers always strives to avoid payment of any advance fees. It is a hard guarantee that none of our lawyers works upon high hourly rates”.

How do you determine your commission rates?

“Our commission rate depends on three important factors, namely the age of the debt, the height of the claim, and the location of the debtor. Simply put: the older a debt, the harder its collection, the higher the commission. The higher the claim, the harder its collection, the higher the commission. The less developed an economy, the lower the reliability of the judicial system, the lower debtor discipline, the higher the commission”.

Know – how of debt collection Turkish lawyer and their service

Turkey is a Eurasian country parts of which are located in Asia and in Europe as well. The Turkish Enforcement Law refers to the Swiss Enforcement Law which means that the decisions taken by the Federal Court of Switzerland will play a significant part in the Turkish precedent. The process of debt collection in turkey is unique and follows the Turkish Law. There is actually no particular provision stating the percentage of deposit in Turkey. However, the Turkish court has determined to ask for a 15% disputed amount for the security deposit money. The debt collection turkish lawyer can help to resolve these matters.

There are some countries like Russia, Chile, Peru, Egypt, Finland, Syria, and Libya that exempt from the security deposit provision of the Turkish Private State Law. These countries are not liable to pay any security deposit to the Turkish law and government for any debt collection in turkey. There are some ways through which the security deposit amount can be remitted. An experienced debt collection turkish lawyer will be able to enlighten such ways like remitting the money in foreign currency in the Turkish central bank, pledging on the real state, getting a guarantee letter from the bank itself or by the Turkish notary etc.

The security deposit money is meant to provide protection to the debtor from any damages caused by the foreign entities throughout the enforcement. At the end of the enforcement procedure, the security deposit money has to be refunded by the Turkish court to the creditor. The process of debt collection in turkey has two different ways. Firstly the action of debt is a way to apply interim measure upon the debtor. A professional debt collection turkish lawyer can help to secure the creditor’s debt by trying to take over the debtor’s assets and this can be done by focusing on the risk of the debt.

On the other hand, there is the debt enforcement procedure in which the creditor can seek help from the Debt Recovery Government offices in Turkey. Based on the creditor’s application, the organization will then send a payment order to the debtor. If there is no objection from the debtor’s side against this order within 7days, then it will be taken as his acceptance of the debt and thus the creditor will be entitled to go for further proceedings for his debt recovery. Sometimes the debtor may raise objection against the alleged debt. In that case, the creditor has to go for the action of debt process.

Improve Bank Debt Collection Success Using These Strategies

Bank debt recovery is growing, mostly because of a poor economy affecting both consumers and markets around the world. Banks and credit unions are adding new techniques and strategies to improve bank debt collection.

Banks are witnessing continually growing loan and credit card defaults, as well as checking account charge offs, due to years of steady rising consumer debt, as consumers face trying to just pay for the necessities. Because of this, banking and credit unions are incorporating new strategies to help improve debt recovery success.

Below are a few recommended bank debt recovery tips, which will definitely help increase your debt collection success.

· Offer flexible plans for customers experiencing financial hardship.

. Design “hardship” programs for borrowers that are late on their loan payments.

. Extend or lower payments, interest rates, or lower fees when you anticipate customer payment problems.

· Create communications channels where customers can openly discuss their issues. By proactively reaching customers early, you can prevent larger problems later.

In addition to your present internal debt collection processes, these suggestions are designed to “flag” wouldbe problems much sooner, and prevent them from becoming much larger problems later on.

When To Outsource Bank Debt Recovery to Collection Agencies

It is absolutely imperative for banks and credit unions with growing debt collection problems to quickly get rid of problem delinquent accounts, and turn them over to a collection agency.

Employing some of the tips suggested earlier, you’ll be better equipped to identify, early on, the more difficult accounts, and distinquish them from the customers that you can work with internally through payment arrangements.

These problem accounts need to be identified early in the process, and turned over to a third party collection agency. Failing to do so, not only decreases your likelihood of getting paid on them at all, it costs you far more in time, resources, etc.

Some collection agencies even offer programs specifically designed to restore negative accounts, and save the banking relationship with the customer before the account is charged off and closed. Research even shows customer retention rates of 70% and better, in addition to restoring negative account balances when they’re contacted pre-charge off.

The crucial element is reaching these customers before the account is charged off, not afterwards.Besides offering the customer incentives for restoring their former negative account status, its also proven that after a past due account is charged off and closed, these customers often seek bank accounts with other institutions.

Once this occurs, there’s less incentive for that customer to bring current their past due account.

The many advantages of a credit card debt relief

Credit card debt resolution is being increasingly used by consumers who are in deep financial trouble with their credit card companies. This normally happens when people forget that they are spending real money even when they are using credit cards because the deficit caused by the expenditure does not show up immediately on the account. This leads to negligence in payments which further leads into debt due to the high interest rates.

Credit card debt relief can be done with the help of professional companies like Financial Rescue LLC who have the expertise and the knowledge to handle such situations well and can help clients reach out for a good credit card resolution. Most credit card companies are willing to negotiate to the default amount so that they do not lose out on all their money.
Professional debt services companies like Financial Rescue LLC give the required assistance to anyone who is experiencing financial hardship. Most credit card companies will not negotiate if the account is current. Negotiations have an average settlement range of 40% to 65% of the debt. A debt resolution program will begin to combine all bills into one monthly program payment and all funds will be contributed into a FDIC insured trust bank account to set aside for negotiations.

A credit card score involves the total amount of the individual’s debt and the punctuality of payments to the credit card company. Sometimes the score is lowered by the payments not being made on time but essentially, the overall debt will reflect a zero balance. Once a settlement has been completed, the debtor will receive a certificate stating the account has been paid in full.

A major pointing favor of credit card debt resolution is that it helps prevent card holders from bankruptcy. Bankruptcy has a terrible impact on the individual’s credit card score from which it is difficult to recover. Credit card debt resolution, on the other hand, does have a negative impact on the person’s credit report standing but in a reasonable time it is possible to recover from a poor credit score again.

In a lighter side, credit card relief companies help keep nuisance calls from third party collection companies and minimize the contact cardholders have with them. Although debt resolution companies cannot control the behavior of the creditors or collection companies, Financial Rescue and/or its partners will educate you on how to minimize the calls and/or harassment from creditors and/or collections companies so that the debtors can enjoy peace of mind confident in the knowledge that negotiations is being done on their behalf to reduce their overall unsecured debts.

The risk involved with credit card resolution program is that it increases the possibilities of being sued by the creditor as no one can really predict what will prompt the credit card company to sue. Financial Rescue LLC has partnered with a national debt resolution law firm and client’s accounts will be handled by attorneys, paralegals and legal assistants, with full legal representation in case a lawsuit is filed.

The danger also increases with the wrong choice of a debt resolution company. Along with good companies, there are many fraudulent companies only too eager to cheat or scam you. Doing your homework and working with a reputable company like Financial Rescue LLC will prevent you from getting further entangled in debts and will help you reorganize your finances better.

Why Fuel Cards Beat Out Standard Credit Cards

It is hard to believe, but, even in these modern times, there are still companies that are using cash instead of credit in order to fuel their fleets. Despite the high propensity for human error and other problems inherent in paying for fuel costs with nothing more than cash, there are still some companies that positively cling to this outdated method.

And, while using a basic credit card is definitely a step up from still relying on cash for fuel purchases, the true best choice out of all of these options is a fuel card, that is to say a card specifically designed for fleet fueling purposes.

These cards come with so many advantages over standard credit cards…and especially over cash…that they really are a must-have item for modern day fleets.

Flexible Billing Terms

To begin with, most standard credit card companies don’t really care what you’re using your card for, which means they aren’t going to be making any adjustments in terms of billing based specifically on and for your unique purposes.

The opposite, however, is true with fuel cards. They are created and maintained by people in the industry who understand the needs, demands, and high costs involved in fueling a fleet. Thus, they tend to offer specialized plans and very flexible, customizable billing and repayment options for fleet companies.

Why would you ever choose a basic credit card that doesn’t understand or work with you and your specific needs over one that is designed to do just that? The choice is clear.

Special Features

As mentioned, fuel cards are designed with fleets in mind, which means that they come with many excellent, highly specialized features created with the purpose of making your life and your work easier.

One such feature, for example, that most modern cards come with is a handy app that can easily locate local, in-network fueling stops for drivers.

This feature enables drivers to find in-network fueling stations nearby so that they can fuel up while enjoying any discounts, rebates, or other methods of saving money that are offered for using an in network station. FleetCor’s line of cards, which include FuelMan cards, FleetCardsUSA cards, the EuroShell Card Kompakt, and the Fuel Card Company cards, are particularly awesome when it comes to discounts and rebates. Its European cards, for example, allow users to receive a rebate for the country’s value added tax.

Other features, such as the aforementioned rebates and per-liter discounts, and more are also part of the “special features” package that comes with most fuel card accounts.

Safety and Security

While most credit cards are somewhat protected and secure, requiring a pin for most purchases, fuel cards are especially secure. Plus, special, customizable security measures can also be added on to these cards to make them even more secure.

For example, it’s possible to make it so that the fuel cards can only be used for fuel and that fuel can only be provided when a secure code is supplied. Restrictions can even be imposed as to how frequently the card can be used and the amount that can be spent per transaction or even over the lifetime of the card.

These features not only keep you and your fleet safe, but they also ensure that you are always in control of all matters related to your business and your fleet.

Reporting Down to the Last Detail

With a basic credit card, you’ll receive an invoice about what was spent, when, and where, but that pales in comparison to the details you’ll receive on each and every transaction enacted with a fuel card.

Typically, you’ll get a detailed report on all account activity, as well as summary reports, vehicle reports, employee exception reports, and IFTA standard reports, all designed to make conducting research, filing taxes, and other matters relevant to the fleet industry easier and more streamlined.

Obviously, there are a lot of benefits to choosing a fuel card over a basic credit card, so why wouldn’t you go for the option that’s more beneficial and that’s specially designed for your situation?

Credit Dispute Letter

A sample dispute letter is your method of challenging the accuracy or validity of a bad credit mark on your report. In your letter you need to include the reason for your dispute and the mark that you are disputing.

Common reasons for a dispute are; account is not mine, account paid in full, item is out of date and more. When the credit bureaus receive your dispute and deem it valid they will investigate the dispute.

During this investigation the collection agency or lender is contacted and the account is verified and the dates and amounts. If the account can not be verified then it will be removed from your credit report.

Typically investigations will result in the removal of a bad credit item. This happens because many businesses are just unwilling to spend the resources to verify disputed accounts.

Allegedly bureaus do not check public records during investigations. This means that negative marks that are recorded in public records are often removed.

Another option is to hire a service to perform your disputes for you. This can help tremendously especially if you are disputing multiple items.

Frequently sample dispute letter will result in the credit bureaus requesting more information from you. In addition you must dispute a bad credit item with each credit bureau separately.

Thus organizing all your disputes with each credit bureau can be a task itself. Many services can use advanced dispute techniques in case a bad credit item is verified. The techniques include; escalated dispute information requests, debt validation, and creditor direct intervention.

Many services will employ attorneys this will enable you to go to court if it is necessary. In addition you may be a victim of illegal debt collection practices and may be able to file a lawsuit against a collection agency.

Credit repair is your responsibility. Unfortunately it is very common for inaccurate information to be reported on your credit report. It is estimated that 1 in every 4 Americans have inaccurate items on their report.

In sum if you have unverifiable or inaccurate information on your credit report you should use a dispute letter to challenge it. You can remove bad credit without waiting 7 years.

Improve Bank Debt Collection Success Using These Strategies

Bank debt recovery is growing, mostly because of a poor economy affecting both consumers and markets around the world. Banks and credit unions are adding new techniques and strategies to improve bank debt collection.

Banks are witnessing continually growing loan and credit card defaults, as well as checking account charge offs, due to years of steady rising consumer debt, as consumers face trying to just pay for the necessities. Because of this, banking and credit unions are incorporating new strategies to help improve debt recovery success.

Below are a few recommended bank debt recovery tips, which will definitely help increase your debt collection success.

· Offer flexible plans for customers experiencing financial hardship.

. Design “hardship” programs for borrowers that are late on their loan payments.

. Extend or lower payments, interest rates, or lower fees when you anticipate customer payment problems.

· Create communications channels where customers can openly discuss their issues. By proactively reaching customers early, you can prevent larger problems later.

In addition to your present internal debt collection processes, these suggestions are designed to “flag” wouldbe problems much sooner, and prevent them from becoming much larger problems later on.

When To Outsource Bank Debt Recovery to Collection Agencies

It is absolutely imperative for banks and credit unions with growing debt collection problems to quickly get rid of problem delinquent accounts, and turn them over to a collection agency.

Employing some of the tips suggested earlier, you’ll be better equipped to identify, early on, the more difficult accounts, and distinquish them from the customers that you can work with internally through payment arrangements.

These problem accounts need to be identified early in the process, and turned over to a third party collection agency. Failing to do so, not only decreases your likelihood of getting paid on them at all, it costs you far more in time, resources, etc.

Some collection agencies even offer programs specifically designed to restore negative accounts, and save the banking relationship with the customer before the account is charged off and closed. Research even shows customer retention rates of 70% and better, in addition to restoring negative account balances when they’re contacted pre-charge off.

The crucial element is reaching these customers before the account is charged off, not afterwards.Besides offering the customer incentives for restoring their former negative account status, its also proven that after a past due account is charged off and closed, these customers often seek bank accounts with other institutions.

Once this occurs, there’s less incentive for that customer to bring current their past due account.