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Old 07-11-2004, 02:10 PM
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Vikas Vikas is online now
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Default DISCOVER FINANCIAL SERVICES

Aliases  YARD CARD NOVUS SERVICES
Address 1585 Broadway
New York

NY
10036
Phone  
Fair share  
Electronic Payment :
2%
Paper Check :
 
Late Fees  
Interest rate  
Re age  After 3 payments only the re-ageing of accounts is done by the company.
Acceptable Payment  2.09% of balance or $10.0 whichever is more is the minimum acceptable payment to be done by the debtor.
Account Numbers  Account numbers of the company comprise of 16 digits beginning with 60110, 60112, 60113, 60119000, 60119003, 60119004, 60119005, 60119006, 60119007, 60119008, 60119009, 6011901, 6011902, 6011903, 6011904, 6011905, 6011906, 6011907, 6011908, 6011909, 601191, 601192, 601193, 601194, 601195, 601196, 601197, 601198 and 601199.`
Notes  Agencies that are accredited will receive 3.55% of the fair share. Non- accredited agencies will receive 2% of the fair share. The company do not accept faxes unless requested by Discover and/ or the account is close to charge off. Their accounts charges off after 120 days of no payments posted. They will also give a verbal acceptance, provided the account is close to charging off. An account that is reported as fraud or bankrupt is not eligible for acceptance on the program. *On Accepted Proposals, they will reduce clients interest rate any where from 6.99- - >17.00%. Their accepted reduced interest rate will be based on their credit history and their payment history with Discover. Re- age occurs after receipt of the third payment, if eligible. Eligibility for re-age is on an account- by- account basis. An account must also be 90 days or more past due to be eligible for re- age. If account was re- aged on the program and dropped, they are not eligible for another re- age until five years from the date of last re- age. They waive over- the- limit fees. AS OF 3/ 9/ 01, BALANCE TRANSFER ACCOUNTS ARE NOW ACCEPTED ON THE PROGRAM. If the clients needs a due date to be changed we must call, not the client. MILITARY PERSONNEL AND THE SOLDIERS AND SAILORS RELIEFE ACT. - If as client is currently on the pro gram and is requesting further relief under the above act, the client should forward a copy of their active duty order to Discover. Upon receipt, if the client\'s APR is less than 5.9%, no changes will be made. If it is higher, Discover will reduce it to 5.9%. Late fees and over- limit fees will be waived - re- age will occur upon receipt of the third payment. - If the request is from a new client, the agency should complete the paperwork as normal and include a copy of their active duty papers, which should then be forwarded to Discover.
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