Sawin & Shea

FEBRUARY 8, 2023

Bankruptcy is a great option for many, as it can help people get back on track with their finances. Although bankruptcy can help you overcome debt, it will negatively impact your credit score, making it more challenging to obtain credit cards, loans, and other financial products.

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Bankruptcy Chapter 7 bankruptcy Collateral Creditworthiness 69

CICM

JUNE 7, 2023

Ensuring your invoices are paid promptly and within terms is an essential item on the ‘to-do’ list for any business that wants to maintain a healthy cash flow position. In this blog, you will find tips that help ease the process, secure some ‘wins’ and streamline your business operations.

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Collection Agencies Collections Agency Credit Management Collections 52

PDC Flow

NOVEMBER 9, 2021

No matter where your organization falls in the business lifecycle, managing the financial health of your company will always be crucial for success. Luckily there are ways to improve. Being proactive is the most effective way to avoid any financial issues within your organization. It can happen to anyone.

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Loans Personal loans Banks Government 75

Taurus Collect

JANUARY 10, 2024

This model ensures that you only pay if the agency successfully retrieves your debts. In this post, we’ll walk you through the telltale signs that indicate you urgently need the help of a “No Cure No Pay” debt collection agency in the UK. Involve a professional to stop this trend and recover your due payments.

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Collection Agencies Collections Agency Collections Third-party Debt Collectors 52

Credit Corp

MARCH 31, 2021

Availability of mortgages decreased by approximately 16% in March and around 12% in April , according to the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index. Those most affected include homebuyers with lower credit scores, higher levels of debt, and those buying homes with a higher loan-to-value (LTV) ratio.

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Lender Loans Banks Bankruptcy 112

PDC Flow

DECEMBER 22, 2020

Our team has worked hard this year to build exciting features for our customers. These improvements will help us deliver even better care to our customers and partners. For PDCflow clients with multiple locations and departments (anywhere from two - hundreds), we have expanded our software’s capabilities to address your needs.

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Education Financial services Collection Companies Collections 86

PDC Flow

JANUARY 19, 2024

The policies and procedures in your compliance management system are taught uniformly so every employee is on the same page. But there isn’t always one path to follow during your collection phone calls with consumers. As a result, collectors are in a unique position to help consumers understand what alternatives exist to resolve debts.

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Collections Debt collector Creditors Collection Agent 85

Better Credit Blog

APRIL 6, 2022

If you’re ready to tackle improving your credit, a credit repair service can help save you time, energy, and a whole lot of hassle. Credit repair companies challenge items on your credit report that are inaccurate, incomplete, or unverifiable. Compare the Top 5 Credit Repair Companies.

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Debt settlement Creditors Credit Counselor Loans 105

Nexa Collect

JANUARY 16, 2021

Staying in business can be as simple as pulling out the steamy croissants from the oven right when the timer rings just before your bakery opens or as complicated as the daily coordination of a supply chain that involves numerous moving pieces and partners. Know your business partners. Trust and communication.

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Manufacturing Debtor Debt Recovery Collections 130

Burr Forman

JUNE 22, 2021

Various industry groups have issued multiple alerts with tips specific to businesses in their field. If you have not yet taken action and developed your own plans for responding to a ransomware attack, here are some tips for getting through a ransomware attack without an existing plan. Internal Team.

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Trade Government Collections 92

Better Credit Blog

AUGUST 19, 2020

Credit scores affect almost every aspect of your financial life, but what affects them? While some factors that impact your score are obvious, like your payment history, others might surprise you. What Affects Your Credit Score? There are five main factors that affect your credit score: Payment history.

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Student loans Student Loans Lender Loans 60

Fico Collections

JANUARY 6, 2021

They also offered perceptive tips for dealing with what they dubbed the “debt tsunami.”. Collections, risk and operations executives will need to have the data that helps them: Understand the differences between COVID-19 related debt and non-COVID related debt. 8 Success Tips For Debt Collection In The Pandemic. Redundancy?

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Collections Loans Lender Government 98

Sawin & Shea

JANUARY 25, 2023

Regardless of whether you’re keeping up with economic news and rising inflation rates, you’ve likely noticed that the cost of goods is going up while your purchasing power is going down. For example, if you have a variable interest rate on your home’s mortgage, that interest rate may increase to reflect market conditions.

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Chapter 13 bankruptcy Bankruptcy Loans Foreclosure 72

Debt Guru

APRIL 14, 2023

A lot of folks view home ownership as a significant goal and milestone – and with good reason: When you own a home, you build equity and you save money on your taxes. And in general, it’s cheaper to own than to rent (and there’s no landlord or property management company dictating things like what color you can paint your walls).

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Lender Debt Consolidation Loans Debt Management 52

On Guard

MARCH 7, 2022

As anyone involved in credit management will know, if payments aren’t made promptly, this can cause major issues for businesses – no matter their size, shape or industry standing. Credit managers now have the chance to be creative. Lowering your DSO doesn’t have to be difficult. To help you get started, here are four top tips.

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Credit Management 52

Better Credit Blog

JANUARY 27, 2021

Are you curious about a new entry from RentGrow on your credit report? While you might expect to see a hard inquiry on your credit report when you apply for a mortgage, you might be surprised to discover the same type of entry when you apply to rent an apartment. If so, it could have a small impact on your credit.

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Repossession Lender Foreclosure Credit Bureau 52

Fico Collections

DECEMBER 13, 2022

Here are some tips for success. We see the building blocks for successful digital engagement as: Agile strategy management: It’s unlikely that your strategies are going to work from the onset, so it’s extremely important that you have the ability to change your strategies easily and quickly. FICO Admin. Tue, 07/02/2019 - 02:45.

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Collections Retail Banks Loans 52

Debt Recoveries

AUGUST 11, 2021

Therefore, credit applications, guarantees, credit checks and initial invoicing are all extremely important. If you have done all these things and your customer still has not paid, it is important to know how to negotiate effectively with your customer. . Strong, consistent processes and systems are the best way to go.

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Debtor Debt Recovery Collection Agencies Collections Agency 52

Better Credit Blog

JANUARY 27, 2021

Not only that, but they will wreak havoc on your credit score as well. Before contacting you for payment, a debt collector has to contact the major credit reporting agencies and open a collections account. We can help you! We can help you! credit unions. Ask Lex Law for Help. What is Burr & Reid?

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Debt collector Collection Agencies Collections Agency Collections 52

Payment Savvy

MAY 12, 2021

High-risk merchants are prone to fraud and chargebacks, making finding a reliable and established payment processor willing to board your business complex. If you work with a reputable high-risk merchant provider from the get-go, you are guaranteed to receive a payment solution tailored towards your specific business needs.

Banks 52

Banks 52

Fico Collections

MAY 20, 2022

In my last post I looked at using predictive machine learning models (specifically, a boosted ensemble like xGB Boost) to improve on Probability of Default (PD) scoring and thereby reduce RWAs. One needs to lay out how the algorithm impacts the credit risk decision, in a way that is accurate, scalable and easy to review.

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Lender Banks 52

Credit Management Company

JULY 28, 2021

And while it seemed convenient to attend from the comforts of your home, everyone learned that virtual conferences can be as draining as in-person ones. According to researchers at Stanford staring at a Zoom, Microsoft Teams, Goggle Meets or any other type of computer camera can definitely be exhausting. Network, Your Way.

Healthcare 52

Healthcare Credit Management Education 52

Fico Collections

DECEMBER 20, 2022

Two quick examples — first, I thought my two favorite baseball teams would have outstanding postseason runs and I felt like I was in great shape. But the Padres (my modern team) lost to the Phillies, and the Yankees (my boyhood and lifelong team) flamed out against the Astros and I was left on the outside looking in for the World Series.

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Banks Financial Institution Education Collections 52

On Guard

JUNE 19, 2020

5 key success factors for the smooth implementation of a credit management strategy. Credit management strategies are a vital aspect of any business. Therefore, it is crucial to ensure the smooth implementation of a credit management strategy. Working alongside the end-user will also help you overcome any issues quickly.

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Credit Management Collection Agencies Collections Agency Collections 52

Better Credit Blog

AUGUST 17, 2020

Is Cavalry SPV I LLC on your credit report? If so, its presence there has probably raised some concerns and lowered your credit score. When a debt collector like Cavalry SPV ends up on your report, it can do severe damage to your credit score for years, even if you pay off your debts.

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Debt collector Fair Debt Collection Collection Agencies Collections Agency 52

Re:Ceeve

JUNE 5, 2020

One of the biggest challenges in debt collections is trying to create an effective dunning process that ensures outstanding balances are settled promptly and customers remain loyal to your company. It should focus on the customer and their individual situation. Customer-centric collections is different from regular debt management processes.

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Collections Acquisition Debt Management 83

Troutman Sanders

NOVEMBER 9, 2021

To help you keep abreast of relevant activities, below find a breakdown of some of the biggest COVID-19 driven events at the federal and state levels to impact the Consumer Finance Services industry this past week: Federal Activities. State Activities. Privacy and Cybersecurity Activities. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Government 52

Fico Collections

SEPTEMBER 7, 2022

With as much as 50% of consumers experiencing financial difficulty soon, it's time to review your early and pre-collections strategy and processes. The discipline behind IFRS 9 imposed a duty of care on lenders to proactively anticipate and plan for expected credit losses and avoid debt collections well in advance. FICO Admin.

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Collections Lender Banks Creditors 52

Payment Savvy

JUNE 12, 2023

If you find yourself facing the all too frequent Venmo “there was an issue with your payment” predicament, we hope to alleviate some of the anxiety through this blog post today. Why Is Your Venmo Transaction Being Declined? Additionally, restarting the Venmo app or merchant device may help.

Banks 52

Banks Collections 52

Fico Collections

JANUARY 5, 2021

While this idea has been around for years, TJ noted several factors that show it’s moved from an aspiration to a plan: Many in the industry have long thought that convergence requires merging of the actual teams involved and being co-located. What else made for the hottest reads in 2020 for fraud and financial crime?

Financial Institution 52

Financial Institution Banks Lender Government 52

Fico Collections

JUNE 16, 2022

Here at FICO and across numerous decision science teams, analytics talent mines data looking for both the normal and abnormal. Prior to the 2008 global financial crisis, the average RtFG of consumer credit customers having reached charge-off was 2.5 Meeting Debt Collection Challenges Amid a Squeeze on Income. Tue, 07/23/2019 - 04:13.

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Fico Collections

NOVEMBER 3, 2022

It’s important that we learn from the lessons of the past crises and use them to improve our collections strategies. It’s important that we learn from the lessons of the past crises and use them to improve our collections strategies. Senior Principal Consultant. expand_less Back To Top. Thu, 11/03/2022 - 11:30.

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Collections Creditors Debt Consolidation Debt Recovery 52

The Kaplan Group

APRIL 11, 2021

Failure to take motion will lead to any bonus credit score being revoked. This can turn out to be useful when the deposit you make doesn’t reflect in your wallet. Without funds in your personal account you received’t have the authorization to place bets or conduct any monetary transaction.

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Retail Financial Institution Banks Retrieval 40

Fico Collections

JANUARY 18, 2023

As more people enter the collections queue due to rising costs and economic wobbles, our collections experts share their tips for early collections, digital approaches and more. Top 5 Debt Collection Posts of 2022: Crisis and Opportunity. FICO Admin. Tue, 07/02/2019 - 02:45. expand_less Back To Top. Wed, 01/18/2023 - 15:50.

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Collections Retrieval Lender Debtor 52

The Kaplan Group

APRIL 8, 2021

So, we wish your assist to find out more about what happens behind the scenes of Australia’s playing business; to listen to from people who have worked contained in the business and those that have misplaced cash. Mr Poppleton had an acrimonious relationship with bet365 before he left and is apprehensive about the cost of talking out.

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Banks Construction Financial Institution Government 52

The Kaplan Group

APRIL 8, 2021

If Wes Anderson and Ernest Hemingway ever collaborated on a lodge, as a result of there are countless worldwide sportsbooks online that welcome your motion. The court docket additionally rejected the ACCC’s claims that Bet365 Group Limited, the global parent company of Hillside and Hillside , was involved in the conduct.

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