Early termination fee for deceased person

Zappy wrote:

>>
>> What is a debt 'factorer'?
>
> Craig, it is someone who buys the debt for a huge fee and then tries to
> get the debtor to pay up.
>
> It is a very, very expensive method of business finance.

There seem to be two types of debt factoring. The first one is where a
creditor 'sells' a book of current debts for a discount where it is
expected virtually all will be paid by due date or soon after.

The second one is where a creditor sells a a book of bad debts at a very
deep discount for the factoring firm to collect the best they can. Some
may be capable of being successfully disputed as a bare ledger entry would
generally be insufficient to prove the debt and the supporting paper or
computer records may be lost. In this case the factoring company has to
resort to bull**** and bullying to try and get the money.

---

› See More: Early termination fee for deceased person

"Peter" <[email protected]> wrote in message
news:[email protected]...
> Zappy wrote:
>
> >>
> >> What is a debt 'factorer'?
> >
> > Craig, it is someone who buys the debt for a huge fee and then tries to
> > get the debtor to pay up.
> >
> > It is a very, very expensive method of business finance.
>
> There seem to be two types of debt factoring. The first one is where a
> creditor 'sells' a book of current debts for a discount where it is
> expected virtually all will be paid by due date or soon after.
>
> The second one is where a creditor sells a a book of bad debts at a very
> deep discount for the factoring firm to collect the best they can. Some
> may be capable of being successfully disputed as a bare ledger entry would
> generally be insufficient to prove the debt and the supporting paper or
> computer records may be lost. In this case the factoring company has to
> resort to bull**** and bullying to try and get the money.
>
>
That's only one type of factoring. The difference is the amount of risk that
the factoring company is prepared to take on.

Ken

"Craig Ian Dewick" <[email protected]> wrote in message
news:[email protected]...
> DaN <[email protected]> writes:
>
> >If I were you id just ignore Telstra I dont see how they plan to take
your
> >step father to court anyway.
>
> They won't - they'll take action against whoever is the power of attorney
or
> go after immediate relatives.
>
> That's why it's important to to get someone at Telstra to manually
over-ride
> the automatic billing system that's spitting out the breach of contract
> notice.

There is no "breach of contract notice". You/Telstra terminate the contract,
you get the charge

"Craig Ian Dewick" <[email protected]> wrote in message
news:[email protected]...
> "Michael" <[email protected]> writes:
>
> >> If Telstra will not waive the debt (and I don't know receptive Telstra
is
> >> to such requests), the debt will have to be paid (assuming there is
> >> sufficient money in the estate).
>
> >The debt will not be waived, it will go to a debt collector, then a debt
> >factorer.
>
> What is a debt 'factorer'?

Debt factoring is where a debt is sold to an external agency, for lower than
face value, for example 10c in the dollar.

Thus if you had a debt to Telstra for $500, they might factor it to say,
Alliance Factoring.

Then, legally, you owe $0 to Telstra and now owe $500 to Alliance Factoring.

Telstra no longer own the debt, but they can use your default to them as
information in a future credit assessment, ie. you may be denied future
credit as you owe Alliance Factoring money.

Ken Taylor wrote:


> That's only one type of factoring. The difference is the amount of risk
> that the factoring company is prepared to take on.
>
There is a difference. The likes of Telstra would not factor its usual
debtors ledger, but could well factor its bad debts. They would do it on
the grounds that something is better than nothing.

A small - medium size company which is short of capital may well factor its
whole debtors ledger to maintain a reasonable cash flow.

The latter would appeal to a specialist factoring company, whereas the
former would appeal to a debt collecting company.

Michael <[email protected]> wrote
> Craig Ian Dewick <[email protected]> wrote
>> Michael <[email protected]> writes

>>>> If Telstra will not waive the debt (and I don't know receptive
>>>> Telstra is to such requests), the debt will have to be paid
>>>> (assuming there is sufficient money in the estate).

>>> The debt will not be waived, it will go
>>> to a debt collector, then a debt factorer.

>> What is a debt 'factorer'?

> Debt factoring is where a debt is sold to an external agency,
> for lower than face value, for example 10c in the dollar.

> Thus if you had a debt to Telstra for $500,
> they might factor it to say, Alliance Factoring.

> Then, legally, you owe $0 to Telstra and now owe $500 to Alliance Factoring.

Wrong, as always.

> Telstra no longer own the debt, but they can use your default
> to them as information in a future credit assessment, ie. you
> may be denied future credit as you owe Alliance Factoring money.

Michael simpered:

> You/Telstra terminate the contract,
> you get the charge

LOL!! Bet that bullet wound in your foot smarts, Ellis!

Rod Speed wrote:

>
>
>
Wrong, as always.
>
>
Still propagating your "speshul" brand if lies and 1/2 truths eh roddles
NoNo dont bother hitting f1 I wont bother reading your crap again for
a while .

>
>

Michael wrote:

> "Horace Wachope_" <[email protected]> wrote in message
> news:[email protected]...
> > On Fri, 11 Nov 2005 11:05:54 GMT, Michael wrote:
> >
> > > "will kemp" <[email protected]> wrote in message
> > > news[email protected]...
> > >> On Fri, 11 Nov 2005 02:37:17 +0000, DaN wrote:
> > >>
> > >>> If I were you id just ignore Telstra I dont see how they plan to take
> > > your
> > >>> step father to court anyway.
> > >>
> > >> They don't. They take his estate to court - which often means next of
> kin
> > >> etc.
> > >
> > > Telstra dont take people to court, their debt collectors or debt
> factorers
> > > do.
> > >
> > > I very much doubt they will take anyone to court over ANY ETC on a
> single
> > > service. assuming every previous bill was paid
> >
> > On a more practical level, his executor has (or will have) certain legal
> > responsibilties in relation to the estate. The executor cannot simply
> > ignore the Telstra debt because he or she thinks it is unfair.
>
> correct
>
> >
> > If Telstra will not waive the debt (and I don't know receptive Telstra is
> > to such requests), the debt will have to be paid (assuming there is
> > sufficient money in the estate).
>
> The debt will not be waived, it will go to a debt collector, then a debt
> factorer.




What is the difference between Debt Collector and Debt Factorer?

Some gutless ****wit desperately cowering behind
Reginald P <[email protected]> wrote just
the puerile **** thats always pouring from the back of it.

John <[email protected]> wrote:
> Michael wrote:
>
>> "Horace Wachope_" <[email protected]> wrote in message
>> news:[email protected]...
>>> On Fri, 11 Nov 2005 11:05:54 GMT, Michael wrote:
>>>
>>>> "will kemp" <[email protected]> wrote in message
>>>> news[email protected]...
>>>>> On Fri, 11 Nov 2005 02:37:17 +0000, DaN wrote:
>>>>>
>>>>>> If I were you id just ignore Telstra I dont see how they plan to
>>>>>> take your step father to court anyway.
>>>>>
>>>>> They don't. They take his estate to court - which often means
>>>>> next of kin etc.
>>>>
>>>> Telstra dont take people to court, their debt collectors or debt
>>>> factorers do.
>>>>
>>>> I very much doubt they will take anyone to court over ANY ETC on a
>>>> single service. assuming every previous bill was paid
>>>
>>> On a more practical level, his executor has (or will have) certain
>>> legal responsibilties in relation to the estate. The executor
>>> cannot simply ignore the Telstra debt because he or she thinks it
>>> is unfair.
>>
>> correct
>>
>>>
>>> If Telstra will not waive the debt (and I don't know receptive
>>> Telstra is to such requests), the debt will have to be paid
>>> (assuming there is sufficient money in the estate).
>>
>> The debt will not be waived, it will go to a debt collector, then a
>> debt factorer.
>
>
>
>
> What is the difference between Debt Collector and Debt Factorer?

A debt factor buys the debt. A debt collector just collects
the debt and earns a fee for the debts collected.

"Peter" <[email protected]> wrote in message
news:[email protected]...
> Ken Taylor wrote:
>
>
> > That's only one type of factoring. The difference is the amount of risk
> > that the factoring company is prepared to take on.
> >
> There is a difference. The likes of Telstra would not factor its usual
> debtors ledger, but could well factor its bad debts. They would do it on
> the grounds that something is better than nothing.

Telstra only factor bad debt at this stage

> >>>> If Telstra will not waive the debt (and I don't know receptive
> >>>> Telstra is to such requests), the debt will have to be paid
> >>>> (assuming there is sufficient money in the estate).
>
> >>> The debt will not be waived, it will go
> >>> to a debt collector, then a debt factorer.
>
> >> What is a debt 'factorer'?
>
> > Debt factoring is where a debt is sold to an external agency,
> > for lower than face value, for example 10c in the dollar.
>
> > Thus if you had a debt to Telstra for $500,
> > they might factor it to say, Alliance Factoring.
>
> > Then, legally, you owe $0 to Telstra and now owe $500 to Alliance
Factoring.
>
> Wrong, as always.

Sorry wrong, I'm actually correct. This is debt FACTORING, not debt
REFERRAL.

Indeed, if you happen to pay the Telstra account, a robot sweeps the payment
across to the debt collectors account. Telstra dont get the full book value
of your payment because its not their money.

If the customer calls up and asks for a cheque, Telstra are legally obliged
to send it as its no longer owing to them

Michael <[email protected]> wrote

>>>>>> If Telstra will not waive the debt (and I don't know receptive
>>>>>> Telstra is to such requests), the debt will have to be paid
>>>>>> (assuming there is sufficient money in the estate).

>>>>> The debt will not be waived, it will go
>>>>> to a debt collector, then a debt factorer.

>>>> What is a debt 'factorer'?

>>> Debt factoring is where a debt is sold to an external agency,
>>> for lower than face value, for example 10c in the dollar.

>>> Thus if you had a debt to Telstra for $500,
>>> they might factor it to say, Alliance Factoring.

>>> Then, legally, you owe $0 to Telstra and
>>> now owe $500 to Alliance Factoring.

>> Wrong, as always.

> Sorry wrong, I'm actually correct.

Nope, you never ever are. You've never ever had
a ****ing clue about even the most basic law.

> This is debt FACTORING, not debt REFERRAL.

Doesnt change a thing, legally.

> Indeed, if you happen to pay the Telstra account, a robot
> sweeps the payment across to the debt collectors account.

Thats because that is what the agreement with the debt factor provides for.

> Telstra dont get the full book value of your payment because its not their
> money.

Irrelevant to who the individual with the debt owes it to legally.

> If the customer calls up and asks for a cheque, Telstra
> are legally obliged to send it as its no longer owing to them

Irrelevant to who the individual with the debt owes it to legally.

Back to the dunnys, child.

"Rod Speed" <[email protected]> wrote in message
news:[email protected]...

>
>> Then, legally, you owe $0 to Telstra and now owe $500 to Alliance
>> Factoring.
>
> Wrong, as always.

He's quite correct Rod, once again you're displaying your monumental
ignorance.

Lance

http://sydneyferries.t35.com