FFGN COLLECT NY

SEPTEMBER 13, 2021

When the check casher puts the check into their account and presents the check image to the check makers’ bank for payment, the check won’t clear because it was already paid in the first mobile deposit. For more business best practices, check out our other blog posts. We have the experience that pays.

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Banks Financial Institution Collections 59

CICM

JUNE 7, 2023

The digital age has transformed how organisations operate in almost every industry, and collections are no exception. Advances in technology have made it easier than ever for businesses to enhance and streamline their collections processes, improve their cash flow, and manage risk. Use Automation Automation can be a game-changer.

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Collection Industry News

OCTOBER 25, 2021

Third-party risk management has also been a recent focus of the Federal Reserve, FDIC, and OCC (we previously discussed this latest trend in earlier Consumer Finance & FinTech Blog posts here , here , and here ).

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CICM

JULY 14, 2023

If you are in a position where you are considering legal action, this blog aims to explore some CICM best practice tips around the legal process to better inform your decision-making and knowledge on the processes involved. The post Best practice tips for Legal Processes appeared first on Chartered Institute of Credit Management.

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Unsecured Creditor Credit Management Collection Agencies Collections Agency 52

True Accord

JUNE 25, 2020

Debt sales play a unique role in the collections industry, as choosing between selling to a debt buyer and placing accounts with a third-party debt collector can make or break a brand. All debt buyers are not created equally, as some may also own fully functional debt collection agencies. Pros of selling your debts.

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Collection Agencies Collections Agency Third-party Debt Collectors Collections 60

Jimerson Firm

JULY 1, 2020

This blog posts addresses those issues as they are regularly found in practice in the State of Florida. Florida courts have adopted the so-called “English” rule, which gives priority to the assignee who first notifies the obligor of the assignment. The first-to-notify assignee must take the assignment without notice of a previous one.

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Better Credit Blog

APRIL 1, 2022

The longer you avoid a debt collection agency like Credence, the more damage the agency can do to your credit score. Credence Resource Management, LLC, is a debt collection agency that was founded in Nevada in 2013, with its current headquarters in Dallas, Texas. Is Credence Resource Management, LLC, contacting you about unpaid debts?

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Fico Collections

DECEMBER 15, 2022

Credit & Collections Technology Awards recognize our scams model with the award for Machine Learning - here's why. Last month this scams model won the Machine Learning in Credit and Collections Award at the 2022 Credit & Collections Technology Awards. chevron_left Blog Home. Saxon Shirley. Wed, 05/25/2022 - 03:43.

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Taurus Collect

MAY 18, 2023

One such matter that may arise is whether or not to send someone to collections. In this blog post, we will explore the do’s and don’ts of sending someone to the collection so that you know how best to manage these delicate situations when they occur.

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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”. Offer incentives for patients to pay their high deductible in a lump sum.

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Collection Industry News

JANUARY 24, 2022

On January 18, the CFPB filed a proposed final judgment against an Illinois-based third-party payment processor BrightSpeed Solutions and its founder Kevin Howard (collectively, “defendants”), which ceased operations almost three years ago, settling claims that the defendants facilitated payments for telemarketing fraudsters targeting seniors.

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PDC Flow

JANUARY 5, 2021

Third party collection clients depend on agencies to draw in and collect payments on their behalf. First party accounts receivable companies can be impacted by this too. If you are operating in a first party collection setting, this customer experience statistic should be just as (or even more) relevant.

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Better Credit Blog

APRIL 1, 2022

To remove Capital One Collections from your credit report, you first need to know who currently owns the debt. In other words, has Capital One sold your unpaid credit card debt to another collection agency, or is the debt still with Capital One? Steps To Remove Capital One Collections From Your Credit Report.

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Better Credit Blog

AUGUST 31, 2020

Having debt in collections can be downright overwhelming, especially when debt collectors bombard you with dozens of phone calls. What you may not know is that you are protected by the Fair Debt Collection Practices Act (FDCPA), a law designed to keep third-party debt collectors in check when they contact you.

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Fair Debt Collection Third-party Debt Collectors Collections Debt collector 53

True Accord

OCTOBER 11, 2022

Whether you’re a startup or an established organization, understanding the laws and regulations that apply to debt collection can be overwhelming. Fortunately, the knowledgeable team at TrueAccord is here to help break down some of the top questions around compliance in the collections industry. This blog is not legal advice.

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Better Credit Blog

FEBRUARY 18, 2021

Failing to pay your bills will cause the debt to move to collections. This means that your original creditor has officially handed the account over to a collection agency that will hound you for payments. One such debt collector that you may hear from is called FirstPoint Collections. About FirstPoint Collections.

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Collections Debt collector Collection Agencies Collections Agency 94

Taurus Collect

MAY 11, 2023

Not knowing whether to issue warnings, take legal action or try other methods for collecting unpaid rent can make the situation even more challenging. This blog post will provide an in-depth look at when and how you can send a non-paying tenant to collections. What Steps to Take Before Sending a Tenant to Collections?

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Better Credit Blog

OCTOBER 2, 2020

Is AWA Collections flooding your phone and mailbox, claiming that you owe them money? Or were you alerted to a new entry from the collections agency on your credit report? What Is AWA Collections? AWA Collections isn’t a well-known name, but it is a legitimate one. Steps to Remove AWA Collections from Your Credit Report.

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Collections Debt collector Third-party Debt Collectors Fair Debt Collection 52

Better Credit Blog

AUGUST 4, 2020

If you’ve been contacted by a debt collection agency, there’s a right and a wrong way to deal with them and get your credit back on track. The company has over 100 employees and netted more than $30 million in debt collections last year. Wakefield collections. Wakefield associates. Wakefield payment solutions. Wakefield rrc.

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Fico Collections

FEBRUARY 23, 2022

In September 2021, UK Finance reported a 71% increase in APP fraud during the first six months of 2021. When we asked customers how they prefer to verify payments, nearly 80% globally said they prefer to use digital channels including text messaging, emails, bank apps, and 3rd party messaging services. While the original v2.0

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Financial Institution Retail Banks Collections 98

Better Credit Blog

OCTOBER 30, 2020

Being contacted by a collections agency can be frustrating, but the damage to your credit score can be far worse than their persistent phone calls and letters. Did you know that a collections entry can hurt your credit for seven years if you don’t get it deleted from your report? Ad astra collections. Ad astra recovery.

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Debt collector Third-party Debt Collectors Collection Agencies Collections Agency 86

Better Credit Blog

OCTOBER 5, 2020

Has your credit score recently taken a dive as a result of a collections entry from Penn Credit? It’s been in the business of collecting on consumer debts since 1987. The company has around 200 employees on staff and collected $19 million of debt in 2019 alone. Penn collection agency. Harrisburg, PA 17110.

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PDC Flow

SEPTEMBER 29, 2020

I went in-house as corporate counsel at a collection agency, where I oversaw legal, compliance, and training. I loved, loved, loved the synergy between compliance and training – it also gave me the opportunity to partner with the collection floor from a different perspective than just “compliance” and it was a lot of fun.

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PDC Flow

MAY 13, 2021

The recent Hunstein decision has been a big talking point for debt collection since the ruling was made. Agencies are scrambling to understand the implications of this case, which found transmitting data from a debt collector to a letter vendor is a violation of third party disclosure, even as new suits are being filed.

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Collections Debt collector Collection Agencies Collections Agency 52

Collection Industry News

MAY 16, 2022

The post CFPB And FTC Continue To Take Action Against Debt Settlement Companies appeared first on Collection Industry News. Copyright © 2022, Sheppard Mullin Richter & Hampton LLP. National Law Review, Volume XII, Number 133.

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Better Credit Blog

FEBRUARY 17, 2021

Also frustrating, the collections agency has likely been sending letters and calling you regularly. Collections accounts appear on your credit report when you fall behind on payments to a lender or a service provider. Bridgeport Financial is a full-service debt collection agency that was founded in 1994. Credit reporting.

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Better Credit Blog

FEBRUARY 24, 2021

Whether you came across First National Collection Bureau while checking your credit or received a phone call or letter from the agency, you need to respond quickly. As long as a collections account is on your report, it hurts your credit, not to mention adding stress to your daily life. What Is First National Collection Bureau?

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Collections Collection Agencies Collections Agency Debt collector 56

Better Credit Blog

SEPTEMBER 8, 2020

National Credit Systems is a third-party debt collector that has been hired on behalf of the original creditor to collect the debt from you. Having a collections account on your credit report means trouble for your credit score. They specialize in collecting money on behalf of apartment complexes and landlords.

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Debt collector Third-party Debt Collectors Collection Agencies Collections Agency 52

PDC Flow

OCTOBER 13, 2020

We started out of a need to provide secure payment processing for third party collections, but our product has evolved so much. The possible use cases for healthcare , consumer goods and services , credit unions , call centers, and even expansion in debt collection – especially pre collect services – are exciting.

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Better Credit Blog

NOVEMBER 23, 2020

When a missed payment goes into collections, it can make your daily life stressful and wreak havoc on your credit score. Whether it’s for a $50 cable bill or a $5,000 hospital bill, a collections entry will stay on your credit report for seven years. or FMS Corp, is a third-party debt collection agency headquartered in Tulsa, Oklahoma.

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Debt collector Collection Agencies Collections Agency Collections 52

Fico Collections

FEBRUARY 1, 2023

As a result, there’s growing recognition of the value of accessing and combining a broader range of real-time datasets from third-party providers, often underpinned by "traditional" credit bureau insight. Read the post Even in a Crisis, the Best Collections Strategy Is to Avoid Collections.

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Lender Credit Bureau Collections Acquisition 52

Fico Collections

FEBRUARY 14, 2023

In this blog post, you will learn about several key trends defining the composable architecture, what it is, and how to become a truly composable enterprise — one that can respond faster than the competition while maintaining trust and improving outcomes throughout the process of getting there.

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Healthcare Banks Collections 52

Better Credit Blog

FEBRUARY 4, 2021

Are you concerned about a collections entry from Delivery Financial Services? 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. For that reason, it’s important to take the necessary steps to get collection accounts off your credit report.

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Better Credit Blog

FEBRUARY 24, 2021

Whether you came across First National Collection Bureau while checking your credit or received a phone call or letter from the agency, you need to respond quickly. As long as a collections account is on your report, it hurts your credit, not to mention adding stress to your daily life. What Is First National Collection Bureau?

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Collections Collection Agencies Collections Agency Debt collector 52

Better Credit Blog

MARCH 2, 2021

If you have a collections account from H&R Accounts on your report, it’s important to get it removed as soon as possible. Read on to learn more about H&R Accounts and how you need to respond to their collection attempts. H&R Accounts is a small debt collections agency headquartered in East Moline, Illinois.

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Collection Agencies Collections Agency Healthcare Debt collector 95

Troutman Sanders

JULY 19, 2021

Department of the Treasury and the Internal Revenue Service announced that they paid about $15 billion dollars to families that include nearly 60 million eligible children in the first monthly payment of the expanded and newly advanceable Child Tax Credit from the American Rescue Plan that passed in March. For more information, click here.

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Indiana Consumer Law Group

MARCH 11, 2017

Are you being harassed by debt collection calls? I speak with a lot of Indiana consumers, and harassing debt collection calls are one of the things I hear about over and over again. The Fair Debt Collection Practices Act (FDCPA) provides boundaries for debt collectors’ telephone communications when attempting to collect a debt.

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