Collection Agency Glossary Indiana

Here you will find collection agency glossary terms.

Local Companies

Vision Financial Services, Inc.
219-325-5869
1900 Whirlpool Drive
LaPorte, IN
Vision Financial Services, Inc.
219-325-5869
1900 Whirlpool Drive
LaPorte, IN
Allied Collection Service Inc.
1-800-310-3349 ext 247
725 Washington Street
Columbus, IN
Receivable Recovery Parnters
317-951-4960
1041 Shelby Street
Indianapolis, IN
Medical Collections Specialists, Inc.
800-875-3112
P.O. Box 314
Bargersville, IN
August & Associates, Inc.
(317) 356-9825
3707 North Shadeland Ave
Indianapolis, IN
Check Alert Inc
(765) 675-2685
202 S Main St
Tipton, IN
General Credit Services Inc
(317) 848-3900
1040 S Range Line Rd
Carmel, IN
Allied Collection Service Inc
(812) 372-0263
Columbus, IN
Ryder Recovery Systems
(574) 533-1819
203 E Lincoln Ave
Goshen, IN

The following was sourced from American Student Assistance.

Academic Year -A period of time defined for credit hour schools as a minimum of 30 weeks instructional time in which a full time student is expected to complete at least 24 semester or trimester hours, or 36 quarter hours. For a clock hour school the period of time is a minimuim of 26 weeks in which a full time student is expected to complete at least 900 clock hours.

Administrative Wage Garnishment - Process by which a guarantor, under federal law, may intercept a portion of the wages of a borrower with a defaulted FFELP loan.

Adverse Credit - A derogatory credit status which, in turn, does not meet established status criteria needed in order to approve a PLUS Loan.

Aggregate Loan Limit - The total amount of loan proceeds for which a borrower is eligible by loan and borrower type throughout the student's academic career.

Amortization - The process of gradually repaying a loan over an extended period of time through periodic installments of principal and interest.

Annual Loan Limit - The maximum loan amount that can be approved for a borrower during an academic year.

Anticipated Graduation Date - The date a student is expected to complete the academic program requirements.

Attend Code Change Report (ACCR) - A monthly report generated by ASA to inform lenders and servicers about students who have withdrawn, graduated or have ceased to be enrolled at least half-time. Lenders and servicers require this information as they need to know when to verify a student's entrance into repayment of the interest and/or principal of the loan.

Automated Clearing House (ACH) - A pre-authorized, electronic method of transferring funds between accounts.

Bankruptcy - A person who declares bankruptcy, is found to be legally insolvent and his property is distributed among his creditors or otherwise administered to satisfy the interests of his creditors. Federal student loans, however, cannot normally be discharged through bankruptcy.

Billed - Refers to FASTFUND loans. Once a loan has been approved and scheduled for disbursement, a lender is "billed" on the weekly FASTFUND invoice for the guarantee fee and the net disbursement amount of the loan. See "FASTFUND Schedule."

Borrower - A student or parent/legal guardian who, by signing the Application and Promissory Note, is legally responsible for repayment of the loan.

Bursar's Office - Bursar's Office or Student Accounts Office is the school office that is responsible for the billing and collection of student charges.

Campus-Based Aid - Federal financial aid programs that are administered by eligible schools. The federal government provides the school with a fixed annual allocation, which is awarded by the financial aid administrator to needy students. Su

Featured Local Company

Vision Financial Services, Inc.

219-325-5869
1900 Whirlpool Drive
LaPorte, IN

Regional Articles
- Collection Agency Glossary Anderson IN
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- Collection Agency Glossary Bloomington IN
- Collection Agency Glossary Brazil IN
- Collection Agency Glossary Brownsburg IN
- Collection Agency Glossary Carmel IN
- Collection Agency Glossary Chesterton IN
- Collection Agency Glossary Columbia City IN
- Collection Agency Glossary Columbus IN
- Collection Agency Glossary Connersville IN
- Collection Agency Glossary Crawfordsville IN
- Collection Agency Glossary Crown Point IN
- Collection Agency Glossary Dyer IN
- Collection Agency Glossary East Chicago IN
- Collection Agency Glossary Elkhart IN
- Collection Agency Glossary Evansville IN
- Collection Agency Glossary Fishers IN
- Collection Agency Glossary Fort Wayne IN
- Collection Agency Glossary Franklin IN
- Collection Agency Glossary Gary IN
- Collection Agency Glossary Goshen IN
- Collection Agency Glossary Granger IN
- Collection Agency Glossary Greenfield IN
- Collection Agency Glossary Greenwood IN
- Collection Agency Glossary Hammond IN
- Collection Agency Glossary Hobart IN
- Collection Agency Glossary Huntington IN
- Collection Agency Glossary Indianapolis IN
- Collection Agency Glossary Jeffersonville IN
- Collection Agency Glossary Kendallville IN
- Collection Agency Glossary Kokomo IN
- Collection Agency Glossary Lafayette IN
- Collection Agency Glossary Laporte IN
- Collection Agency Glossary Logansport IN
- Collection Agency Glossary Marion IN
- Collection Agency Glossary Martinsville IN
- Collection Agency Glossary Merrillville IN
- Collection Agency Glossary Michigan City IN
- Collection Agency Glossary Mishawaka IN
- Collection Agency Glossary Muncie IN
- Collection Agency Glossary Munster IN
- Collection Agency Glossary New Albany IN
- Collection Agency Glossary New Castle IN
- Collection Agency Glossary Newburgh IN
- Collection Agency Glossary Noblesville IN
- Collection Agency Glossary North Vernon IN
- Collection Agency Glossary Peru IN
- Collection Agency Glossary Portage IN
- Collection Agency Glossary Richmond IN
- Collection Agency Glossary Schererville IN
- Collection Agency Glossary Seymour IN
- Collection Agency Glossary Shelbyville IN
- Collection Agency Glossary South Bend IN
- Collection Agency Glossary Terre Haute IN
- Collection Agency Glossary Valparaiso IN
- Collection Agency Glossary Vincennes IN
- Collection Agency Glossary Wabash IN
- Collection Agency Glossary Warsaw IN
- Collection Agency Glossary West Lafayette IN
- Collection Agency Glossary Zionsville IN

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