Knoxville Police Try To Collect On Unpaid Tix Pt. 2

“You will see a numerous violations at the same intersection, so you know that they are traveling the same route every day.” Lasercraft, the red light system receives a portion of the fines collected to operate the program. Lasercraft gets compensated with eighty percent of the fees up to $4,500 per month and the city gets a hold on the twenty percent that remained. Above $4,5000, monthly collections are evenly split between the city and Lasercraft. The city’s share goes to the city’s general fund, not the Police Department.

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Collection Industry Strives For Change

Like every other profession, the collections business has become even more trying as the economy takes a nose dive, and the rate of unemployment rises. With the advent of more and more unpaid bills, the collections industry may be booming. However logic dictates that with unemployment, and a bad economy more and more people in debt will be unable to pay. These days, if a collector is able to recoup anything, they will usually have to accept smaller payments over longer periods of time.

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A Crime On The Rise: Credit Card Skimming

Identity theft is an illegal activity that is growing faster than any other type of crime in America today. The Federal Trade Commission predicts that one in every ten people will fall victim to identity theft this year. One form of this crime is known as credit card skimming. This is a way for identity thieves to get your credit card information and keep it on a storage device to be utilized later for fraudulent purposes.

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Your House Forclosed And You Think You’re Off The Hook- Think Again

I would have trouble believing that people who have taken out mortgages become best friends with their mortgage lenders. Mortgage lenders raise rates as they please, and then, when they don’t receive that payment, they will take away your place of residence. Today, this is an alarming trend that ends up with homeowners either underwater or renting an apartment. And now, banks are attempting to get their money back from the foreclosure sale.

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