Jimerson Firm
OCTOBER 21, 2020
Under Florida law, condominium associations have the ability to assess unit owners for their proportional amount of the costs and expenses for maintaining and operating the condominium property. The ability of condominium associations to collect assessments from unit owners is provided for in Chapter 718, Fla. Stat., and in the condominium’s governing documents.
Credit Corp
OCTOBER 19, 2020
Final expense insurance is typically a small whole life insurance policy where the proceeds are earmarked specially for funeral and other end of life expenses. Ultimately, the net result will be a tax-free cash payment to a beneficiary(s). Most insurance companies aim to pay claims within a few days since they know the funds are likely to be used for a funeral.
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Debt Recoveries
OCTOBER 18, 2020
As a credit control expert, I often come across the accounts of “high-turnover” businesses, who are nonetheless, drowning in debt and struggling to show a profit. Usually it’s because they don’t have good systems in place to ensure bad debt is reduced or illuminated. Today I want to help you avoid getting into debt in the first place and then advise you what to do if and when it happens again.
Account Recovery
OCTOBER 23, 2020
AUSTIN, TEXAS, USA, October 23, 2020 — Brit Suttell has been awarded the National Creditor’s Bar Association’s Donald Kramer Award. The Donald Kramer award is given each year to “someone whose efforts have made a substantial and lasting impact for the benefit of the credit and legal collection community.” Ms. Suttell currently serves as an … The post Brit Suttell Awarded Prestigious Donald Kramer Award appeared first on AccountsRecovery.net.
Speaker: Erika R. Bales, Esq.
When we talk about “compliance and security," most companies want to ensure that steps are being taken to protect what they value most – people, data, real or personal property, intellectual property, digital assets, or any other number of other things - and it’s more important than ever that safeguards are in place. Let’s step back and focus on the idea that no matter how complicated the compliance and security regime, it should be able to be distilled down to a checklist.
Enterprise Recovery
OCTOBER 23, 2020
In the age of social media and rapid-fire news stories, it's important for businesses to consider their brand reputation. If your accounting team outsources its bad debt or unpaid receivables to a collections agency, it's also important to protect your brand. Quite simply, a negative experience with a collections company could sour business relationships and your branding.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Nerd Wallet
OCTOBER 20, 2020
Amid the COVID-19 pandemic, with millions of schoolchildren still learning remotely as the weather turns colder, some might benefit from a few investments in their at-home experience. The following items, all under $15, can help make distance learning more appealing to even the youngest learners. 1. New background decorations When your child is on screen.
Account Recovery
OCTOBER 21, 2020
In a case that was defended and argued by Troutman Pepper, the Ninth Circuit Court of Appeals yesterday upheld a summary judgment in favor of a defendant that was accused of violating the Fair Credit Reporting Act by obtaining credit reports on individuals without a permissible purpose. A copy of the ruling in the case … The post Ninth Circuit Sides With Defendant in FCRA Permissible Purpose Case appeared first on AccountsRecovery.net.
Credit Corp
OCTOBER 19, 2020
Getting a new car is a big decision, and you should choose your next vehicle carefully. But if you think finding the right car is difficult, deciding whether to lease or buy can be even more overwhelming. Start the process right by understanding the minimum credit score to lease a car and determining whether this is the best decision for you. 1. Check Your Credit.
Nexa Collect
OCTOBER 22, 2020
Official figures worldwide show that the number of businesses starting up is constantly rising. More and more people are turning to entrepreneurship, and business chiefs are predicting that small businesses are going to play a vital role in the future economy. According to the Small Business Administration (SBA) there are 30.7 million small businesses in the U.S. which account for 99.9 percent of all U.S. businesses.
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Are you finding some snags in your collections process? With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.
Nerd Wallet
OCTOBER 21, 2020
If you’re working toward a savings goal, you have a lot of options for where you can put away your cash. Savings accounts, certificates of deposit, money market accounts, cash management accounts and investment accounts are all possibilities. So which should you choose? That depends on how far away your goal is, how much you. Chanelle Bessette is a writer at NerdWallet.
Account Recovery
OCTOBER 20, 2020
MORE AMERICANS ‘STRUGGLING’ TO PAY HEALTHCARE BILLS: SURVEY About 40% of Americans are having trouble managing their medical bills and have had at least one bill sent to collections, according to a survey conducted by U.S. News & World Report this month. The media outlet conducted the survey to see how individuals are managing medical … The post Daily Digest – October 20.
Debt
OCTOBER 23, 2020
Your company sent everyone home when the pandemic began last March and now that is your workplace so you’re probably wondering if that means you’re eligible for some serious tax breaks when you file next April 15. Or maybe the COVID-19 crisis made your job disappear altogether, so you entered the gig economy and created… The post How Working from Home in 2020 Affects Income Taxes appeared first on Debt.org.
Price Meese
OCTOBER 23, 2020
Karen Edler and Jackie Esposito, attorneys in Price, Meese, Shulman & D’Arminio, P.C.’s Education Law Group, successfully litigated an Article 78 proceeding in New York’s Supreme Court vindicating the rights of three New York University (“NYU”) students, and returning them to the classroom. In what is believed to be the first reported decision of the issue of a private university’s right to suspend students for COVID-19 violations, the Honorable Carol R.
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For finance teams using Salesforce’s powerful CRM technology, automation can transform accounts receivable processes, driving efficiency and delivering measurable results like cost savings, reduced customer churn, and lower DSO.
Nerd Wallet
OCTOBER 21, 2020
With a co-op, you aren’t actually buying a home. Instead, you’re buying shares in a corporation that allow you to live in a home. This can make financing a co-op difficult, since it’s not actually a real estate transaction. But if you live in an area where co-ops are common, like New York City or. Kate Wood is a writer at NerdWallet. Email: kwood@nerdwallet.com.
Account Recovery
OCTOBER 19, 2020
More hospitals and health systems are incorporating technology that automates tasks into their operations, but the amount of automation being deployed within an organization appears to be tied to the amount of revenue being generated by the company, according to a survey of healthcare financial managers. Overall, about 67% of hospitals and health systems have … The post More Healthcare Organizations Using Automation, But Size Matters appeared first on AccountsRecovery.net.
Fico Collections
OCTOBER 19, 2020
Last week I shared FICO’s insights into fraud patterns related to spending on medical devices , including personal protective equipment (PPE) and medical devices such as nebulizers. This post examines whether increased food deliveries are causing a similar rise in food delivery fraud. Home food delivery has skyrocketed during the pandemic; from January to July 2020, the number of credit card transactions for on-demand food delivery platforms increased by a whopping 86%.
Jimerson Firm
OCTOBER 22, 2020
Sometimes, foreclosure of a commercial property is the only option available to lenders and servicers to limit losses as a result of defaults on hotel and restaurant mortgages. Parts 1-4 of this series discussed pre-foreclosure options available to lenders dealing with hotel/restaurant mortgage defaults. This article provides a high-level overview of the commercial foreclosure process and practical considerations for lenders and servicers.
Speaker: Lynnette Khalfani-Cox, The Money Coach®
Niche markets represent a huge opportunity for the financial services industry in America. From college students and women to communities of color and low-to-moderate-income households, niche populations have specialized financial needs – but they often underutilize many valuable financial products and services. How can you better connect with these consumers?
Nerd Wallet
OCTOBER 19, 2020
Backsplashes have come a long way from their humble beginnings. Once installed only to protect walls from water, grease and food splatter, the original backsplashes were just four inches high and had little decorative appeal. Today’s backsplashes are essential kitchen accents, adding vibrant pops of color, light and texture — in addition to protecting walls.
Account Recovery
OCTOBER 19, 2020
A District Court judge has denied a defendant’s motion to dismiss after it was sued for violating the Fair Credit Reporting Act because it did not perform a reasonable investigation into a dispute even though the plaintiff disputed the debt 42 times with three different credit bureaus. A copy of the ruling in the case … The post Judge Denies MTD in FCRA Case Over Lack of Investigation appeared first on AccountsRecovery.net.
Fico Collections
OCTOBER 22, 2020
Home Credit Group , which lends to underserved customers with little or no credit history, has chosen FICO® Decision Optimizer , part of the FICO® Platform , to further improve its lending offers in multiple markets. The adoption of FICO’s AI-powered optimization follows a successful pilot in Russia, which delivered excellent results including significant profitability improvement on the targeted part of the loan portfolio, as well as an increase in new loan volumes.
Consumer Finance
OCTOBER 20, 2020
The Consumer Financial Protection Bureau issued a final rule to extend the Government-Sponsored Enterprise Patch until the mandatory compliance date of a final rule amending the General Qualified Mortgage loan definition in Regulation Z.
Speaker: William Hord, Senior VP of Risk & Professional Services
Enterprise Risk Management (ERM) is critical for industry growth in today’s fast-paced and ever-changing risk landscape. When building your ERM program foundation, you need to answer questions like: Do we have robust board and management support? Do we understand and articulate our bank’s risk appetite and how that impacts our business units? How are we measuring and rating our risk impact, likelihood, and controls to mitigate our risk?
Nerd Wallet
OCTOBER 21, 2020
In today’s hot housing market, buyers feel pressure to bring their A-game. Besides making their “highest and best” offers, some eager buyers go an extra step and include a personal letter in hopes of winning the seller’s heart. “We’re newlyweds and your house will be a perfect place to start our family!” “Our kids will. Barbara Marquand is a writer at NerdWallet.
Account Recovery
OCTOBER 23, 2020
In a case that was spotlighted by Barron & Newburger, a District Court judge in Illinois has granted a defendant’s motion for summary judgment after it was sued for violating the Fair Debt Collection Practices Act by not itemizing a debt in the initial collection letter, but doing so in a subsequent letter, which the … The post Judge Grants MSJ For Defense Over Lack of Itemization in Letter appeared first on AccountsRecovery.net.
UK debt collections
OCTOBER 23, 2020
Under new proposals being drawn up by the government, large companies could now face fines or court orders if they fail to pay their smaller suppliers on time. However, according to Know-it, a cloud-based credit management platform, while the changes are welcome and will provide the small and medium-sized enterprise (SME) sector with some much-needed support, more is needed to unravel the culture of late payments across the supply chain.
Credit Corp
OCTOBER 22, 2020
The weather is turning, fall is in the air, and Halloween is around the corner—which means it’s National Cybersecurity Awareness Month. How can you ensure October is full of treats while not falling for any scammers’ tricks? By arming yourself with these identity protection tips. Every American should understand the basics of identity theft protection.
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