Debt collection guide, Contract finance advice, Money owed tips, Chasing payments
Debt collection advice: owed money?
post updated 20 March 2023
Debt – what is it?
Introduction to Debt
Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase.
The debt may be owed by sovereign state or country, local government, company, or an individual. Commercial debt is generally subject to contractual terms regarding the amount and timing of repayments of principal and interest. Loans, bonds, notes, and mortgages are all types of debt. In financial accounting, debt is a type of financial transaction, as distinct from equity.
The term can also be used metaphorically to cover moral obligations and other interactions not based on a monetary value. For example, in Western cultures, a person who has been helped by a second person is sometimes said to owe a “debt of gratitude” to the second person.
People who owe money
We publish below emails of people known to either owe money (or have owed money a very long time).
It is always useful to know when doing business if a person has a reputation for not paying. People who cheat make the world a worse place to be.
So we kindly share a list in the hope you can avoid these bad debtors, list added to every day of every month. Seek out those who cheat!
March 2023
Admin launchora [email protected]
Michael Jeff [email protected]
February 2023
Lucy Gorege – [email protected]
Dean Bristol – [email protected]
Amelia Johnson – [email protected]
Adler Adly – [email protected]
Heaven Luxe: Subhan Imran – [email protected]
Anjum Shahzaib – [email protected]
Julia Abdon – [email protected]
Multitech News – [email protected]
Nazia Hashim – [email protected]
John Branse – [email protected]ail.com
Hira Nazir – [email protected]
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January 2023
Erik Oscer – [email protected]
Kaithleen – [email protected]
Tanweer Ahmad – [email protected]
Rabia Rabi – [email protected]
Hadia khan – [email protected]
Rhoda Ritta – [email protected]
Zainab Noor – [email protected]
Max Well – [email protected]
Hailey Rose – [email protected]
Anita Anita – [email protected]
James Gary – [email protected]
Faisal Abbas – [email protected]
Luca Connor – [email protected]
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More people owing money:
December 2022
Misthel Wilson – [email protected]
Raj Singh – [email protected]
Alyosha Anton – [email protected]
Mian Subhan – [email protected]
Amigalia Joy – [email protected]
Esra – [email protected]
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November 2022
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October 2022
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September 2022
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August 2022
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July 2022
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June 2022
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May 2022
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March 2022
Oliver Jack – [email protected] – for [email protected]
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Feb 2022
Daniel Clark – [email protected] for [email protected]
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Jan 2022
Adam Mills – [email protected]
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Dec 2021
Tariq Numan – [email protected]
Nov 2021
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Oct 2021
Sep 2021
Aug 2021
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Jul 2021
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Jun 2021
May 2021
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Apr 2021
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Mar 2021
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Feb 2021
Ogly Tilo – [email protected]
Lucas Smith – Lucas Smith
“Principal (finance)” redirects here. For the principal of a bond, see Bond (finance) § Principal.
Principal is the amount of money originally invested or loaned, on which basis interest and returns are calculated.
Repayment
There are three main ways repayment may be structured: the entire principal balance may be due at the maturity of the loan; the entire principal balance may be amortized over the term of the loan; or the loan may be partially amortized during its term, with the remaining principal due as a “balloon payment” at maturity. Amortization structures are common in mortgages and credit cards.
Default provisions
Debtors of every type default on their debt from time to time, with various consequences depending on the terms of the debt and the law governing default in the relevant jurisdiction. If the debt was secured by specific collateral, such as a car or home, the creditor may seek to repossess the collateral. In more serious circumstances, individuals and companies may go into bankruptcy.
Debt collection
Debt collection is the process of pursuing payments of money or other agreed-upon value owed to a creditor. The debtors may be by individuals or businesses. An organization that specializes in debt collection is known as a collection agency or debt collector.
Most collection agencies operate as agents of creditors and collect debts for a fee or percentage of the total amount owed. Historically, debtors could face debt slavery, debtor’s prison, or coercive collection methods. In the 21st century in many countries, legislation regulates debt collectors, and limits harassment and practices deemed unfair.
Debt collection has been around as long as there has been debt and is older than the history of money itself, as it existed within earlier systems based on bartering. Debt collection goes back to the ancient civilizations, starting in Sumer in 3000 BC. In these civilizations if a debt was owed that could not be paid back, the debtor and the debtor’s spouse, children or servants were forced into “debt slavery” until the creditor recouped losses via their physical labor. Under Babylonian Law, strict guidelines governed the repayment of debts, including several basic debtor protections.
In some societies debts would be carried over into subsequent generations and debt slavery would continue, but some early societies provided for periodic debt forgiveness such as a jubilees or would set a time limit on a debt.
Hard Money Lenders guide
When are Hard Money Loans Best Used?
The two main reasons are when you need to close or finish something quickly and when the financing cost is competitive enough to make it work.
A hard cash moneylender can be of assistance because having this can change the perspective and outcome of your projects—it could lead to a deal with a benefit or a completed project drawing rental pay.
Some of the most popular investment strategies are outlined below:
1 – Loans for Fix and Flips:
The well-established practice of “fix and flip credits” involves purchasing a property that requires renovation or repair, carrying out the necessary repairs, and then selling the property for a profit. This has been taught for a very long time, and will not stop in the foreseeable future.
Speed is a key factor in how productive this cycle can be. Time is money, as the saying goes. The key is taking care of business and sold. It’s important to approach quick cash assets, especially at the right price!
2 – Use in Business:
“Fix and Flip” is the same for any type of business property, including distribution centers, offices, shops, manufacturing facilities, and so on—the only difference is that these are business structures or offices rather than private ones.
Standards are the same everywhere. By either leasing or renting, you can enter, complete the work, and exit.
Larger aggregates are frequently in play as a result of these tasks’ business concept, which includes banks that can be exceptionally sluggish and desk work focused.They can also be expensive and rigidly organized.
With the right organization, a hard cash loan can look past this, see the potential, and assist the financial backer. Hard cash banks assist landowners in need of fix-and-flip advances as well as financial backers in need of hard cash arrangements.
3 – Funding for Transactions:
Every kind of land—private, commercial, and so on—can be subject to conditional financing. The purpose of this subsidy is to guarantee that other activities will take place.
Comments on this The best Hard Money Lenders article are welcome.
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