True Accord

NOVEMBER 20, 2023

In this part two, we explore the benefits of digital communications for consumers in all other states and jurisdictions—except New York—as well as these unintended consequences New Yorkers face from these potential amendments.

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Credit Corp

SEPTEMBER 13, 2023

Get Added as an Authorized User Becoming an authorized user is one of the most popular ways to build your credit score because you benefit from someone else’s good, established credit history. Also known as “piggybacking,” becoming an authorized user is when someone adds you to their credit card account.

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PDC Flow

AUGUST 11, 2023

Email for debt collection is more popular than ever and there are good reasons why. Types of Emails for Debt Collection Debt collectors know email serves consumers better–and many have chosen tools to make this happen. But no matter how successful email collection can be, it still requires human intervention.

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Nexa Collect

JULY 19, 2020

In one of our previous blogs, Using a Revenue Recovery Service to Recover debt , we discussed the risk undertaken by a business extending credit to another business, or consumer, by providing services in exchange for a promise of “due and proper consideration”. In accounting terms, this process bears the name of ‘accounts receivable’.

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Credit Corp

MARCH 20, 2023

Can Disputing a Collection or Credit Hurt You? What to Do If Your Credit Dispute Is Denied How Many Times Can You Dispute a Collection or Inaccurate Credit Item? However, you might also dispute collections by asking for validation of a debt before you move forward with negotiating or fighting a collection attempt.

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Troutman Sanders

FEBRUARY 13, 2024

billion in debt. Supreme Court unanimously ruled that government agencies can be sued for violations of the Fair Credit Reporting Act (FCRA). However, the Court upheld the Third Circuit’s decision that the FCRA allows for suits against “any person,” including government agencies. million in consumer redress and a $1.1

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Credit Corp

APRIL 2, 2024

While you can work to repair your credit with any of the consumer reporting bureaus, most consumers focus on the three main agencies: TransUnion, Equifax, and Experian. A credit lawyer—also called a credit repair lawyer—is an attorney who’s qualified to help you repair your credit and fight debt collectors. What Is Credit Repair?

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Taurus Collect

SEPTEMBER 18, 2023

Have you ever grappled with the challenge of debt collection in Derby? In this post, we delve into the nitty-gritty of writing an effective debt collection letter, a crucial tool in your arsenal for managing your receivables and maintaining positive cash flow. Your financial risk is significantly reduced.

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PDC Flow

MAY 25, 2021

Encryption and data tokenization are essential steps to protect credit card and bank account numbers from being improperly handled. When you use PDCflow to accept payments, bank account or credit card data is captured through our Secure Entry Overlay technology and entered into our PCI and Nacha compliant secure server.

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PDC Flow

MARCH 9, 2021

As accounts receivable professionals know, early out collection (also known as pre collection) is a typical practice to resolve healthcare bills. It helps medical facilities shorten the revenue cycle and settle accounts as quickly as possible. Early Out Collection. What is Early Out Collection?

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Payment Savvy

OCTOBER 20, 2021

When your company incurs a commercial debt, it should be handled by a B2B debt collection agency to avoid situations like this and to keep your business functioning smoothly without the monetary consequences of unpaid accounts receivable. What is B2B Debt Collection?

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PDC Flow

AUGUST 18, 2020

This year has seen vast, unexpected change for the credit and collection industry. As many professionals work to navigate this new world of remote work and prepare for the months to come, attorney John Bedard has been a dominant voice, guiding collectors through the struggle. I’ve been representing debt collectors ever since.

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PDC Flow

JULY 13, 2021

In debt collection, listening is a key skill to look for in a new hire. Communication and collections professional Mary Shores is a vocal advocate of listening to consumers. Gains information - Deep listening isn’t just for the benefit of the consumer. Listening to Customers in Front line Collection.

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Debt RR

AUGUST 27, 2021

When you’re attempting to collect a debt from a commercial customer, you know that every second counts. After all, the older the debt is, the harder it becomes to collect. Filing a claim for unpaid debt in civil court can be a complex, time-consuming process. What Is Process Service? Service by Publication.

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PDC Flow

FEBRUARY 9, 2021

Another inspiring speaker, Mike Hiller of American Profit Recovery , discussed the benefits of mental rehearsal for improving your behaviors when negotiating debt collection payments. It has been put through the process of the scientific method and can be reproduced. Why Use Mental Rehearsal in Debt Collection?

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Credits Inc

DECEMBER 3, 2019

In 2016, debt collection services collected a combined total of $78.5 While you might not have considered partnering with an accounts receivable collection agency before, the truth is they can be a valuable asset to business owners across the United States. Taking the Burden Off of Your Business.

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Troutman Sanders

JANUARY 9, 2024

These delays put borrowers at risk for making significantly higher payments than they can afford”; and Inaccurate and untimely billing statements: Borrowers are receiving faulty and confusing bills from servicers. For more information, click here. For more information, click here.

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PDC Flow

SEPTEMBER 1, 2020

Many people prefer to do research about your company before speaking to you – especially in accounts receivable, when you’re asking them to pay a bill. Offering web chat services can be your agency’s differentiating factor between abandoned payment and a closed account. Why Use Web Chat Services?

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Re:Ceeve

JUNE 2, 2020

In today’s world where consumerism is rife and ‘buy now, pay later’ plans are an integral part of most transactions, an enterprise’s approach towards debt collection is essential in maintaining relationships, safeguarding the average lifetime value (LTV) of a customer and sustaining financial health. You can automate revenue processes.

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Taurus Collect

APRIL 4, 2023

Do you have an international business or enterprise and have been struggling to find success in your debt recovery efforts in the UK? Having trouble maximising profit due to difficulties receiving payments from domestic businesses? The key factor is having an effective strategy – which we are more than willing to offer up some tips on!

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True Accord

MARCH 29, 2023

So integrating an intelligent digital communication strategy with traditional call-and-collect or letters sounds like a smart plan, but why is it more important now than ever before? Let’s look at why today’s economic landscape makes omnichannel engagement critical for collections and how your business can get there.

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PDC Flow

SEPTEMBER 21, 2021

Digital debt collection, while not a new idea, has been difficult for many to implement compliantly in the past. Now, through Regulation F and the emergence of new technologies, the debt collection industry is finally beginning to see a digital transformation. Digital Debt Collection Channels.

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Debt Recoveries

APRIL 14, 2020

You need to let them know you working towards a mutually beneficial solution to resolve the debt. A payment arrangement is a privilege and has many benefits for both parties. Many arrangements haven fallen through simply because the instalment amount was set beyond the debtors reach. Outsource to a Collection Agency. .

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Taurus Collect

NOVEMBER 23, 2021

They haven’t received an invoice. The usual accounts payable person is not available. You can always rely on your debt collection agency , but before you do that, try a few of our favorite strategies to encourage prompt payments from all your customers. If not, then you could face delays in receiving payment.

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Credit Corp

JUNE 2, 2021

If you think you’re immune to damage from a collection account on your credit report because you pay your bills on time, think again. of adults in the United States have collections accounts on their credit reports. of adults in the United States have collections accounts on their credit reports.

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Troutman Sanders

MARCH 14, 2023

The federal agencies that received the letter must provide a response to certain questions by March 16. Buy Now, Pay Later borrowers also are more likely to use high-interest financial services, such as payday loans, pawn loans, and bank account overdrafts. For more information, click here. For more information, click here.

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Troutman Sanders

MARCH 6, 2023

The federal agencies that received the letter must provide a response to certain questions by March 16. Buy Now, Pay Later borrowers also are more likely to use high-interest financial services, such as payday loans, pawn loans, and bank account overdrafts. For more information, click here. For more information, click here.

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Collection Industry News

JUNE 28, 2021

California lawmakers have advanced a budget proposal to stop collecting child support debt from some parents who are receiving cash assistance, but the proposed solutions are a far cry from what advocates for those debt-holders sought in January. Push for more child support debt forgiveness.

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Better Credit Blog

FEBRUARY 4, 2021

Are you concerned about a collections entry from Delivery Financial Services? The entry is likely on your account because you forgot to pay a bill. While falling behind on a payment or two might not seem like a big deal, collections-stage debt can do substantial damage to your credit. Credit card debt.

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PDC Flow

MARCH 2, 2021

Performant Corporate Counsel Lauren Valenzuela and Finexus Insurance Agency CEO Katie Zugsay discussed these evolving risks in a recent CAC webinar, Smarter Risk Management for 2021. CEO AT FINEXUS INSURANCE AGENCY, LLC. Coronavirus can open your agency to claims of negligence if you are not following proper protocols.

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Collections Law

DECEMBER 4, 2020

Nothing is more frustrating than when a customer tells you that they will fulfill their outstanding debts, but they then fail to do so. While some may wait for the payment in an effort to keep their business, more often than not, the late payments continue — if you receive a payment at all. How We Do It. The Law Offices of Alan M.

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CICM

AUGUST 14, 2023

To celebrate, here are 13 Best Practices in Credit Management and Collections. Raise the invoice as soon as the goods or services have been provided and have a robust system in place to ensure the customer receives it promptly Consistency Implement a systematic follow-up process for overdue payments.

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Better Credit Blog

NOVEMBER 2, 2020

Have you failed to make payments on a debt that’s hanging over your head? Action Financial Services is a debt collection agency that may have been hired by the original owner of your debt. Action Financial Services is a medium-sized debt collection agency that is headquartered in Central Point, OR.

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Collections Law

APRIL 5, 2022

Perhaps your own business is trying to struggle through collecting overdue payments and you are wondering if there is something more you can do. You have more important aspects of your business to run, but you may not know at what point it becomes worthwhile to bring in a collection professional. At Law Offices of Alan M.

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ABI

JANUARY 19, 2024

John’s University School of Law American Bankruptcy Institute Law Review Staff A bankruptcy discharge order absolves debtors of their pre-bankruptcy debts and seeks to provide debtors with a fresh start to their financial life. Marybeth Ehlbeck St. Citigroup, the Second Circuit held Citigroup Inc. Citigroup Inc.

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PDC Flow

MARCH 23, 2021

An essential part of running an accounts receivable business is keeping up with trends that will impact the industry and your agency. The best way to protect your business from risk is through prevention. Just as important, you must know the latest risk management strategies to keep issues to a minimum.

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Better Credit Blog

FEBRUARY 15, 2021

If you’ve received calls or letters from FCO Collections or noticed the name on your credit report, you probably have questions. Collections agencies like FCO may show up on your report when you forget to pay a bill or fall behind on your payments. Before you get in touch with the agency, take a look at the guide below.

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