What is debit finance collections?

What is debit finance collections?

DFC is brought to you by Xplor, the first global platform integrating software, payments, and commerce-enabling services to help businesses thrive. Our mission is to make our clients business easier and help improve your relationships with your customers so that they stay longer.

Why is debit finance taking money from my account?

Why have you taken money from my bank account? DFC processes membership payments on behalf of gyms and leisure centres in the UK. If you haven’t cancelled your membership correctly, then your regular membership payments will continue to be debited from your bank account.

What company is debit finance?

DFC are a leading direct debit collection company, providing cash flow solutions to happy clients from all over the UK. We do more than simply collect your subscriptions, we pride ourselves on our ability to deliver an outstanding service and fantastic value for money.

How do I contact debit finance?

If you’re interested in our services, get in touch now on 01908 422026 or drop us a message on our contact form.

What do you mean by debt financing?

Definition: When a company borrows money to be paid back at a future date with interest it is known as debt financing. Debt financing is a time-bound activity where the borrower needs to repay the loan along with interest at the end of the agreed period.

How do I cancel a debit on finance?

In order to cancel your Debit Finance service, you must contact them directly by phone, email, or in writing to “DFC, 16 Davy Avenue, Knowlhill, Milton Keynes, Buckinghamshire, MK5 8PL”. Email [email protected] and ask them to cancel your account.

What are the types of debt financing?

Types of Debt Financing to Consider

  • Non-Bank Cash Flow Lending.
  • Recurring Revenue Lending.
  • Loans From Financial Institutions.
  • Loan From a Friend or Family Member.
  • Peer-to-Peer Lending.
  • Home Equity Loans & Lines of Credit.
  • Credit Cards.
  • Bonds.

What is debt financing and equity financing?

Debt financing involves the borrowing of money whereas equity financing involves selling a portion of equity in the company. The main advantage of equity financing is that there is no obligation to repay the money acquired through it.

What do you mean by debit?

A debit is an accounting entry that results in either an increase in assets or a decrease in liabilities on a company’s balance sheet. In fundamental accounting, debits are balanced by credits, which operate in the exact opposite direction. The abbreviation for debit is sometimes “dr,” which is short for “debtor.”

What are two major forms of debt financing?

What are the two major forms of debt financing? Debt financing comes from two sources: selling bonds and borrowing from individuals, banks, and other financial institutions. Bonds can be secured by some form of collateral or unsecured.

What is debt financing?

Debt financing occurs when a company raises money by selling debt instruments to investors. Debt financing occurs when a firm sells fixed income products, such as bonds, bills, or notes. Unlike equity financing where the lenders receive stock, debt financing must be paid back.

Where is debit finance collections plc registered in England?

Debit Finance Collections Plc is a company registered in England and Wales (Registered Number 3422873). Our registered address is 16 Davy Avenue, Knowlhill, Milton Keynes, Buckinghamshire, MK5 8PL

Where is the registered office of debit finance?

This Policy sets out the following: We are Debit Finance Collections PLC (DFC), a company incorporated in England and Wales with number 03422873. Our registered office is at 16 Davy Avenue, Knowlhill, Milton Keynes, Buckinghamshire, MK5 8PL.

How does DFC help with direct debit collection?

Reduce lost payments and member churn with our proven processes, and free your team from admin work. DFC has a variety of solutions to suit the needs of you and your customers. All designed so you can leave us to collect your Direct Debits, while you concentrate on running – and growing – your business.

Can you scan a direct debit collection form?

Could you scan the form (blank out any personal details) and post it on the forum. A direct debit form is not a contract for services. The additional wording you have quoted just refers to the payments, not the service that Debit Finance Collections are contracting to provide.