If you have questions about collecting bad checks or other accounts for your payday loan or check cashing business, please contact me (Casey Jackson) at 931-962-9954.  You may also reach me by e-mail.

All submitted checks from payday loan stores or check cashing businesses (whether NSF, stop payment or closed account) are split between NorthStar and a payday loan or check cashing service.  NorthStar offers an even 50/50 split of all it collects no matter what type of check.  This percentage can be reviewed after a period of time (4-6 months) and at that time the percentage may possibly be increased to a 65/35% arrangement (65% of course going to the payday loan or check cashing business).

NorthStar already collects for some large payday loan and check cashing businesses.  It has found that it can actually increase its collection success for this industry by immediately engaging in its most aggressive (and most costly) check collection techniques.  Thus, while payday loan and check cashing services do not receive NorthStar's normal service on NSF checks (100% back plus 25% of the state bad check fee), these businesses do have a higher percentage of their checks collected and this means a better overall success rate.

If you do some checking, you should find that the national collection rate for payday loan and cash advance checks is about 17% (i.e. about 85% of payday loan and cash advance checks are never collected).  NorthStar's collection rate is significantly better than this because of how it operates, and its payday loan and check cashing collection service comes with no sign-up cost, no monthly or annual costs.

NorthStar will spend up to eighteen months collecting payday loan and check cashing debt if necessary and there is never a cost for its services.  NorthStar uses a proven bad check collection process that collects more than its competitors for your specialized industry.  NorthStar's bad check collection efforts include free collection phone calls, District Attorney intervention, free National Check Network reporting, free credit bureau reporting, wage garnishment, etc.  You may sign up on-line and your existing bad checks will be accepted for FREE collection.