A METHOD FOR COLLECTION OF AMOUNTS OVERDUE AND DUE BY PAYDAY-TO-PAYDAY DRAFTS

摘要

A method and computer program product for collection are late and amounts due from samples taken from a debtor's assets account for a pay day to another. In a first version that appeals to flow through automated clearing house, the debtor is requested by mail and reminded by telephone. A second version uses checks issued by the recipient as a vehicle payment. the debtor authorizes repeated rate corresponding to half of a regular monthly payment on the account of assets, on dates corresponding to the pay day, from a negotiated date. Regular rates on this account are then implemented. A default account can be upgraded after the required number of bills were paid. This process can take samples from any client on asset accounts in almost any financial institution participating in the automated clearing house or paying checks. This invention also includes the ability to resubmit rejected flow rates without excluding the debtor's debit program to payday