Southwest MS. Regional Credit Services, Inc.
212 3rd St
McComb, MS 39648-4102
Southwest MS. Regional Credit Services, Inc.
Southwest MS. Regional Credit Services, Inc. is an Mississippi collection agency. Mississippi collection agencies can help businesses, medical practices and facilities that are creditors to collect their accounts receivable. Debt collection help might include; collection demand letters, debt collector phone calls, credit reporting to credit bureaus and legal proceedings including lawsuits.
As with any business, if you are considering hiring Southwest MS. Regional Credit Services, Inc. to collect your debts, you should contact their local Better Business Bureau and check their references.
You should be certain that Southwest MS. Regional Credit Services, Inc. is abiding by the Fair Debt Collection Practices Act (FDCPA), the main law that regulates collection agencies. You don’t want to damage your reputation or create a liability for you business by using a disreputable debt collector.
You might also want to find out if the Mississippi Attorney General has taken any action against them for privacy violations or not abiding by collection agency regulations. You should also know that they are in compliance with all Mississippi collections laws including (but not limited to):
- Mississippi Collection Agency Bond & Licensing Rules
- Mississippi Statute Of Limitations
- Mississippi Interest Rates (to avoid usury)
- Mississippi Wage Garnishment Exemptions
- Mississippi Bad Check Laws (NSF)
Southwest MS. Regional Credit Services, Inc.
keen hirek says
On November 1, the entry would be:
Debit Notes Receivable $9,000
Credit Accounts Receivable $9,000
On December 31, the entry would be:
Debit Interest Receivable $75
Credit Interest Revenue $75
Calculation: 9,000 * .05 * 2/12
On April 30, the entry would be:
Debit Cash $9,225
Credit Notes Receivable $9,000
Credit Interest Receivable $75
Credit Interest Revenue $150
Calculation: 9,000 * .05 * 6/12 $225. already recorded $75 in revenue; so you need to record the other $150.
Hope that helped.