0
Describe the problem caused to a company if a major customer refuses to pay a big bill?
- This will have a negative effect on the firm's cash flow position.
- The firm may have to spend time and money demanding payment.
- If they still don't pay up, the firm may need to take legal action (another large expense) - note that this would be done only if it was a very large bill, otherwise it would not be worth it.
What else can I help you with?
How do you collect on a declined credit card when the customer refuses to return our collection phone call?
Collection agencies - to attempt to recover the money from the individual. the CA will want to see the documentation showing goods/services were received (receipt) and that payment was not (declined card documentation with persons name on it).
What is effective collection?
A company should set a good credit terms and set-up also a good collection process. An invoice will be prepared right after each service. It will either be sent by mail or hand carried to the customer. The customer will be required to sign as a proof that the invoice was received with the date on it to avoid any dispute. It is the duty of the accountant to monitor the receivables, or else the cash flow will all be tied up by the level of receivables. Invoices falling under 30 days are considered as current. If the invoice is not paid according to the agreed terms, it will be considered as "past-due". A follow-up by phone is needed. Suppose the customer, failed to settle their obligations, a letter will be prepared as a reminder. If the customer still unable to settle after receiving the reminder, a final demand will be sent personally with supporting documents. If the customer refuses to settle, it will be referred to a collecting agency. The collecting agency will be responsible to follow-up. If the collecting agency still unable to collect the outstanding account by conventional means, the company will be forced to have the overdue account written off or will seek legal advice if legal action or lawsuit is necessary just to recover the money. Sometimes there are companies will be stopping their services to their customers until the account will be fully settled.
Your employer refuses to give you a 1099 what should you do?
You should be able to obtain a copy from the Internal Revenue Service.
Can a credit card company hold an authorizes card user responsible for a business account?
Possibly. If the business refuses to authorize the charges, the card user could be held responsible. If the card user signed an agreement of accountability, he will definitely be held responsible. Your best course of action is to try to work with the business who contracted the card to resolve this.
How can you get credit card charge off removed if you are just a user and the credit card company refuses to help you?
Write a letter of dispute to the credit bureaus (Equifax, Experian and TransUnion). Be sure to clearly state that you never signed a contract/agreement accepting liability and that you do not meet the definition of "debtor" under the Fair Credit Reporting Act. It would be a good idea to post excerpts from that law to back up your point. You may have to sue to enforce your rights. The primary card holder, who IS liable for this debt, can also take action with the CC company. They can request that your name be removed from the account.
What to do if the customer refuses about giving monthly evaluation?
sue them.
Can report car stolen if customer don't return the car rental?
Yes. If a customer refuses to return a rental car, the company may report it as stolen. The police will come looking for it (and you), and you may be charged with grand theft auto. The company will consider this an extreme step, and they will try to negotiate with you before doing this because it's a huge hassle for the company.
Is your bill paid if a loan company refuses your payment?
no. it depends what company
What if drug addict refuses help?
that's their own problem
If an intoxicated customer refused a cab or refuses to allow a friend to pick them up what must you do?
ye
Can you sue at fault driver in California who has insurance if his insurance company refuses to pay your claim for medical expenses or do you have to sue his insurance company?
yes. you can sue an at fault driver if his insurance company refuses to pay your claim. it would not be proper to sue the insurance company.
What if a customer refuses to give their correct social security number?
You don't have the authority to demand a social security number of a customer. They are within their rights to refuse that information.
Company refuses to give application out to me because?
because they don't want to...
how to get insurance papers of contractor who refuses to give them?
If your contractor refuses to give you copies or originals of the insurance papers, contact the insurance company themselves. If the insurance company name is not known, call the state you live in to inquire.
Someone who refuses to have dealings with a store or company out of principle - The answer rhymes with otter.?
boycotter
What can a company do if an ex employee refuses to return company property?
If it is company property then the ex-employee has no choice but to return it! If they refuse then the company can report it to police as a theft and you can be charged criminally.
Who owns a car when the finance company refuses to pick it up?
As long as the finance company holds the title, they effectively own the vehicle.
