Consumers need good credit scores now to obtain mortgage loans, auto loans, credit lines and more. To avoid liability for facilitating violations of the new Rule, companies that administer dedicated accounts should review the policies, procedures, and operations of the debt relief providers to ensure they’re complying with the advance fee ban provision of the Rule, including the provision relating to dedicated accounts. In short, you need to be sure that the money you’re using isn’t going to leave you in a tight spot a few months down the road. One year later, following negotiations with the credit card company, Company H negotiates a settlement allowing Andy to pay $6,000 to resolve the debt. Do you need help to pay for a medical procedure? Some bankruptcy attorneys will speak to you initially free of charge. If your accounts are already delinquent and you are receiving creditor calls with harassing threats, calls, potential repossession, or litigation, we will get started immediately as the point of official contact so that you can focus on your business. A legitimate company will use a Federal Deposit Insurance Corporation insured trust account.
Operating income was $855,000, or 10.8% of revenues, versus $966,000, or 12.6% of revenues, for the same period last year. Adjusted EBITDA* was $1.1 million, or 14.1% of revenues, versus $1.2 million, or 16.2% of revenues, for the same period last year. Net income was $596,000 as compared to $721,000 in the same period last year. Third Quarter Financial Results: Revenue was $7.9 million for the quarter ended March 31, 2016 versus $7.7 million for the same period last year, an increase of $257,000, or 3.4%. On a constant currency basis, total revenues would have been $8.2 million, or an increase of 8.1% over the same period last year. Recurring revenue for the quarter was $6.4 million, or 81% of total revenue, an increase of $520,000 or 8.9%, over $5.9 million, or 76% of total revenue for the third quarter last year. Sequentially, recurring revenue increased $77,000, or 1.2%, compared to $6.3 million in the fiscal second quarter of 2016. The increase was due to the transition to Software as a Service (SaaS) model.
For the original version including any supplementary images or video, visit MAM Software Reports Fiscal Third Quarter Results – Yahoo Finance
Just be careful and always look at the source of the review, and obviously if the reviews are on that company’s website, well these are controlled reviews that may be fake. For example, when the manager of your credit card company’s debt settlement department looks at your last few months’ statements and sees numerous trips to five-star commercial debt collection agency restaurants or designer label shopping sprees, it will be unlikely to view you as truly in need or worthy of sympathy. The other key incentive is that the creditor can often recover more funds than through other collection methods. To avoid liability for facilitating violations of the new Rule, companies that administer dedicated accounts should review the policies, procedures, and operations of the debt relief providers to ensure they’re complying with the advance fee ban provision of the Rule, including the provision relating to dedicated accounts. This will immediately raise the seriousness of the negotiations, because the lawyer will be able to convincingly let the creditors know that you may file for bankruptcy if settlements aren’t reached. Be precise: If you have experience with certain creditors, your estimate must reflect that experience. Also, there are references on-line that can be of help when developing a debt solution plan. Do not get us wrong. Be sure the written agreement spells out the amount you have to pay in order to have your entire balance excused from further payment. If you choose to set up a home-based business, contact the zoning department for your city or county, as you may be required to obtain a home-business permit. U.S. debt settlement differs slightly.