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How are the monies applied to the consumers e-Recovery Solutions account if interest is charged?

April 26, 2017account applied charged consumer e-recovery monies solutions

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How are the monies applied to the consumers e-Recovery Solutions account if interest is charged?

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A. If payment is received in our office, it is first applied to interest, then principal. If our client reports the payment, we apply the payment to principal first. This will be indicated on your monthly statement.