DELACCT

(redirected from Delinquent Account)
AcronymDefinition
DELACCTDelinquent Account
References in periodicals archive ?
The topic for the credit team is then the collection strategy with the delinquent account.
Oracle banking collections can help financial institutions and their collections agencies improve collections on delinquent accounts.
Price, the Omaha branch collections manager, handed the young man a thick wad of long delinquent accounts along with an equally thick wad of expense money.
You may feel that your own billing staff can better handle delinquent accounts.
Enacting the salary-offset clause of Public Law 105-264 would substantially reduce the losses for the BoA by drastically reducing the bad-debt write-offs, reducing the administrative follow-up required for delinquent accounts and proving that the Air Force is willing to take a strong stand to control GTC delinquency.
Collectors have the most varied surroundings, working indoors much of the time but also traveling to courthouses, businesses, or people's homes to look up records, search for assets, and settle delinquent accounts. Stress for collectors stems from telling people that overdue taxes must be paid to avoid seizure of their assets.
"The time our employees would spend trying to collect on unpaid rent debts rarely was covered by the amount of money we were able to collect from the delinquent account," said Beth Baney, Property Services Manager for Camden, which owns nearly 68,000 units in 192 communities that stretch from the East Coast to the West, and includes the Sunbelt and Midwestern states.
The primary difference between first-party and contingency collections is the stage at which the service occurs: first-party work takes place earlier in the receivable's life cycle, typically when a delinquent account is between 30 and 90 days past due but has not yet been charged off by the creditor.
But the borrower's overall payment habits, learned from the use of other forms of credit, can be another means of classifying the delinquent account for the appropriate amount of collection attention.
It explained that since the audit is on-going, the tax debt, if any, cannot be considered a delinquent account.
These include software as a service applications for social and mobile customer engagement, targeted marketing campaigns and offers, delinquent account management and instant credit decisioning.
Similarly, when you place a delinquent account for collection with a collection agency or directly with an attorney, you can bet that the information about the claim ends up in the collection management database of the third-party collector, regardless of how the data was sent--mail, fax or electronically.