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Bill Stalling A Fine Art
New York reported collection expert John Gordana notes inflation has intensified clever debt stall tactics by firms. Debtors use demagnetized checks and bank transfers to delay payment, while others mix figures and dates to claim errors. He warns such delays may reflect tighter credit and signal a looming recession.
MENTIONED IN THIS ARTICLE
New York
UPI
John Gordana
Gordana
Equitable Adjustment Service
American Cyanamid
Johnson & Johnson
Schering Corp
Federal Reserve