This page contains the information that refers to payday loan and check cashing businesses. All submitted checks from payday loan stores or check cashing businesses (whether NSF, stop payment or closed account) are divided between NorthStar and a payday loan or check cashing service. NorthStar offers a fifty-fifty division of all it collects regardless of the type of check. This proportion can be gone over after a period of time (4-6 months) and at that time the proportion may possibly grow to a 65/35% arrangement (65% certainly going to the payday loan or check cashing business). NorthStar presently collects for some big payday loan and check cashing businesses. It has discovered that it can actually raise its collection success for this industry by using its most intensve (and most expensive) check collection methods. Therefore, while payday loan and check cashing services do not get NorthStar's regular service on NSF checks (100% back plus 25% of the state bad check fee), these businesses do have a higher proportion of their checks collected, which means a better overall success standard. If you do some checking, you should know that the collection rate of the country for payday loan and cash advance checks is about 17% (i.e. about 85% of payday loan and cash advance checks are not collected). NorthStar's collection rate is considerably better than this because of the way it operates, and its payday loan and check cashing collection service comes without a sign-up cost, any monthly or annual costs. Collecting payday loan and check cashing debt will take NorthStar up to eighteen months if necessary and its services do not cost anything. NorthStar uses a reliable bad check collection process that collects more than its rivals for the industry you specialize in. NorthStar's bad check collection attempts include free collection phone calls, District Attorney interference, free National Check Network reporting, free credit bureau reporting, wage garnishment, and so on. You may apply on-line and your present bad checks will be accepted for FREE collection.
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