6) They can steal your tax refund. You need to file your taxes by April 15, but the IRS wonât check your return against your employerâs until July. That gives fraudsters a critical time window.With your Social Security number and name, an identity thief can file a fake tax return and collect the refund.ou need to file your taxes by April 15, but the IRS wonât check your return against your employerâs until July. That gives fraudsters a critical time window. With your Social Security number and name, an identity thief can file a fake tax return and collect the refund.
DEFINITION of 'Agency Cost Of Debt'. A problem arising from the conflict of interested created by the separation of management from ownership (the stockholders) in a publicly owned company.
When creditors do not receive payment over a period of time, at least 90 days in most cases, they often hire another company to chase the past due amount. The company they hire is a debt collection agency. Debt collection agencies pursue the debt and receive a percentage of the amount they collect. That arrangement accounted for about half ($6.6 billion) of the industryâs revenue in 2014. The other popular move is for the collection agency to purchase the debt from the creditor and try to collect the entire amount, or some profitable portion, themselves.