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WHAT IS A NSF CHECK?
Global Client Solutions
INTRODUCTION
 As a leading payment processor for multiple
industries, Global Client Solutions works with
primarily debt settlement clients to develop efficient
account management solutions. Some benefits of
using Global Client Solutions include a decreased
overall servicing cost, certainty of receiving
settlement funds, and a reduced NSF, or not sufficient
funds, rate.
An NSF check is defined as a form of payment that
was not honored by a banking system due to the fact
that the entity issuing the check did not have
sufficient funds in its account or had closed the bank
account.
NSF CHECK
 A NSF check also is referred to as a bounced check,
dishonored check, or a bad check.
When an entity entitled to payment receives a bad
check, some ways to collect the funds include first
approaching the check issuer with a notice that the
check was returned and the payment is past due. If
that doesn’t work, notifying the debtor that a third
party (an accredited debt collection agency) will
become involved if the debt is not reconciled usually
works. However, if the debtor does not respond after
several various attempts at communication, legal
action may be required.

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What Is a NSF Check?

  • 1. WHAT IS A NSF CHECK? Global Client Solutions
  • 2. INTRODUCTION  As a leading payment processor for multiple industries, Global Client Solutions works with primarily debt settlement clients to develop efficient account management solutions. Some benefits of using Global Client Solutions include a decreased overall servicing cost, certainty of receiving settlement funds, and a reduced NSF, or not sufficient funds, rate. An NSF check is defined as a form of payment that was not honored by a banking system due to the fact that the entity issuing the check did not have sufficient funds in its account or had closed the bank account.
  • 3. NSF CHECK  A NSF check also is referred to as a bounced check, dishonored check, or a bad check. When an entity entitled to payment receives a bad check, some ways to collect the funds include first approaching the check issuer with a notice that the check was returned and the payment is past due. If that doesn’t work, notifying the debtor that a third party (an accredited debt collection agency) will become involved if the debt is not reconciled usually works. However, if the debtor does not respond after several various attempts at communication, legal action may be required.