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What is Q1?

Updated: 4/28/2022
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15y ago

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The first quarter of the year, usually January, February, and March, but sometimes the first three months of a company's fiscal year.

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What does Q1 2010 mean?

It means the first quarter out of four in the year 2010. There are 12 months so there's three months in a quarter.


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Can a collection agency refuse a payment?

Q1) "If I offer to make a payment on this debt can they legally refuse it?" Yes. They are under NO obligation to accept anything less than the original agreed amount. Simply, this means that you originally had a payment plan and breached it. They do not have to accept any other offered plan (or payments). Q2) "I have heard that if a creditor refuses any type of payment on a debt that it was automatically considered paid in full. Is this true?" NO!! NO!! NO!! That is an old 'wives tail' that probably derived from the requirement that payments must be in 'legal tender' and if refused, the debt MIGHT be found as waived. For example, you can pay this debt (in full) in pennies, nickles, dimes, dollars, etc. If the creditor refuses these legal tenders, the debt MIGHT be found to be waived. However, the creditor is NOT obligated to accept less than the full amount, nor in non-legal tender (horses, hogs, chickens, etc.). ....more about it you can visit: http://lawvolunteers.com/law/838/42838-c-collection-agency-refuse-payment.html


Can a collection agency refuse to accept rolled coins as part of a payment?

Yes. Oddly-enough, there is NO U.S. Federal law that mandates a person, organization or merchant (which would include a retailer or collection agency) accept coins (rolled or otherwise), as payment for goods and services, even though coins are considered 'legal tender' as stated in the Coinage Act of 1965.How is this possible?Simple. Though it seems strange, the dollars and coins struck and printed by the U.S. Treasury are for the FEDERAL RESERVE SYSTEM. The Federal Reserve System MUST HONOR US currency and coins...however, not necessarily anyone else. Link to U.S. Treasury FAQ's: http://www.ustreas.gov/education/faq/currency/legal-tender.html#q1   = Yes, I would think so. You are better off sending a money order (keep your receipt) or a certified check.If you pay by mail they can refuse cash payments (doesn't matter if it's coins or bills) but if it is in person they must take the coins, but you would probably have to unwrap them so that they can count them while you stand there----just another one of their stupid power trips.Creditors or collectors can refuse any amount or manner of payment that has not been agreed upon in an original lending contract or collection agreement. This includes personal checks, checks by a third party, methods such as the one cited and so forth.