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VILLAGE OF WINFIELD
CREDIT CONTROL AND DEBT
COLLECTION POLICY August 7, 2014Village of Winfield
Credit Control and Debt Collection Policy
August 7, 2014,
A. Objective
The Credit Control and Debt Collection
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What is debt & credit collection?
Debt & credit collection is the process of recovering unpaid debts or past due payments from individuals or businesses.
Who is required to file debt & credit collection?
Creditors or debt collection agencies are typically required to file debt & credit collection.
How to fill out debt & credit collection?
Debt & credit collection forms can be filled out by providing details of the debt or credit owed, payment history, and contact information of the debtor.
What is the purpose of debt & credit collection?
The purpose of debt & credit collection is to recover outstanding debts or payments owed to creditors.
What information must be reported on debt & credit collection?
Information such as the amount of debt or credit owed, payment history, dates of missed payments, and contact information of the debtor must be reported on debt & credit collection forms.
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