PDC Flow

JANUARY 24, 2023

They discussed how digital operations impact team structures and revenue, measuring ROI and more. Like other Accounts Receivable professionals, Franklin found his career by accident when he accepted a collection job after college in 2005. The answer will be different based on the size, scope and goals of a collection agency.

Collections 71

Collections Client Management Debt collector Legal Collections 71

Collections Law

FEBRUARY 5, 2024

In the dynamic and sometimes volatile world of business transactions, your company’s financial stability and success depend upon being able to promptly and efficiently collect monies that are owed. With a personal guarantee, a creditor has additional avenues for collecting commercial debt, beyond the business assets of the company.

Lawyers 52

Lawyers Debtor Creditors Collections 52

PDC Flow

NOVEMBER 7, 2023

Most modern debt collection agencies are starting to use email for collection, or have it on the roadmap to implement soon. Considerations for Sending Validation Notices via Email Regulation F states that agencies can use email for debt collection purposes. This is how consent to email passes on to your agency.

Collections 62

Collections Collection Agencies Collections Agency Original Creditor 62

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. Now it’s time to take advantage of these preferences and amplify engagement.

Debt Recovery 88

Debt Recovery Collections Collection Agencies Collections Agency 88

PDC Flow

OCTOBER 25, 2023

Streamline work processes by tracking Flow bulk messages, so you can monitor how workflows are performing. How do you create and send bulk messages using Flow? Have you ever used mail merge to send out lots of personalized emails at once? Now you can send bulk messages with Flow from the PDCflow app instead. What is Flow Technology?

Collection Agencies 80

Collection Agencies Collections Agency Collections 80

Direct Recovery

APRIL 16, 2023

Hiring a commercial debt collection agency could be the best or worst thing you ever do for your business, no matter what product or service you specialize in. In almost every case, the result of partnering with a debt collection agency will be determined by the caliber of agency you choose to work with.

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Collection Agencies Collections Agency Collections 52

Taurus Collect

MARCH 5, 2024

In the UK, an innovative approach offered by many a debt collector is the ‘no win, no fee’ model, providing a risk-free solution for startups to pursue owed money. This model not only alleviates the financial pressure on emerging businesses but also ensures that debt collecting in the UK becomes a more accessible process.

Startups 52

Startups Collections Debt Recovery Collection Agencies 52

True Accord

DECEMBER 29, 2022

A recent Ascent survey found 66% of Americans plan on making a financial resolution. As we mentioned above, financial resolutions aren’t new, but the number of Americans making them is rising (which might have something to do with rising delinquency rates ). New Year, New You, New Collection Strategy.

Credit Card Debt 63

Credit Card Debt Collections 63

Credit Corp

JULY 25, 2023

This may influence which products we write about and where and how the product appears on a page. While paying off debt is a good strategy for improving your credit, doing so for a car loan doesn’t necessarily work the same way. However, this does not influence our evaluations. Are you thinking about paying off your car loan early?

Loans 98

Loans Creditors Trade Lender 98

PDC Flow

JULY 19, 2023

Businesses want to make money. But how do you know if sales are good enough to keep your company profitable? These pieces of information will help your company find out how much money you are making compared to spending. When adding income to the P&L, make sure to report revenue from all sources.

Retail 85

Retail Collections 85

Credit Corp

JULY 20, 2020

Making payments late or missing payments completely spells bad news for your credit rating. When you miss too many payments, your creditor may charge off the debt. When your debt is charged off as a bad debt, don’t fool yourself into thinking it goes away. If that fails, they move on to the collections process.

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Debt Consolidation Creditors Third-party Debt Collectors Creditworthiness 98

PDC Flow

AUGUST 24, 2021

In the case of payment collection software, accounts receivable teams can use hierarchy structures to: Manage multiple merchant accounts. Companies buy software tools to make work easier. Sometimes, though, that error can cost your company money, time and resources to correct. Organizational Hierarchy and Payment Management.

Healthcare 91

Healthcare Collection Agencies Collections Agency Collections 91

True Accord

SEPTEMBER 16, 2022

Trying to keep up with regulations in debt collection can feel overwhelming especially with new cases and federal guidance coming out regularly interpreting the law and states actively amending or creating new laws that impact debt collectors, original creditors, and current creditors.

Collections 67

Collections Debt collector Fair Debt Collection Creditors 67

Sawin & Shea

NOVEMBER 30, 2022

Instead, you’ll default if you fail to make full payment for 270 days, just under nine months. If the lender sells the loan to a collection agency after you default, you’ll also face additional fees and higher interest rates. How Do Student Loan Consolidation and Rehabilitation Differ?

Student loans 112

Student loans Student Loans Loans Garnishment 112

PDC Flow

NOVEMBER 29, 2023

Different Industries Have Different Payment Processing Service Needs For high-risk industries like debt collection , your payment processor should offer tools that: speed up workflows. offer digital communication channels to engage consumers and collect payments. This is because not all payment processing services are the same.

Healthcare 79

Healthcare Collections Banks 79

Taurus Collect

MAY 18, 2023

Are you a business owner or manager who needs to recover outstanding debts from your clients? Chasing after delinquent payments is easier said than done. A professional debt recovery service , however, can save the day! Here are five of the biggest benefits of using a professional debt recovery agency: 1.

Debt Recovery 52

Debt Recovery Debt collector Collections Government 52

PDC Flow

JULY 26, 2023

In a recent PDCflow sponsored webinar on accountsrecovery.com , a panel of digital collection experts sat down to discuss the differences they’ve encountered in text messaging and email for debt collection. Choosing One: Text or Email for Debt Collection? It allows you to say more,” says Farris.

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Collections Creditors Debt Recovery Original Creditor 62

UK debt collections

FEBRUARY 7, 2022

The government has announced a list of new measures to curb excessive car parking fines including a cap on the fees that parking debt collection agencies charge. A package of new measures announced today aims to protect drivers from unfair and extortionate charges. The Code of Practice will provide new higher standards.

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Debt collector Collection Agencies Collections Agency Government 81

Sawin & Shea

DECEMBER 28, 2023

Filing for Chapter 13 bankruptcy can provide much-needed relief if you are overwhelmed with debt and struggling to keep up with payments. Under Chapter 13, you repay a portion or all of your debt, allowing you to keep assets like your home or car. Collection efforts against the filer are prohibited during this repayment period.

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Chapter 13 bankruptcy Bankruptcy Repossession Foreclosure 52

UK debt collections

FEBRUARY 23, 2023

Guide to Large File Sharing and Transfer In today’s digital age, large file sharing and transfer have become an essential part of our lives. Within the Debt Collection industry, it is important to have an efficient file sharing process. Expert companies like Filemail are offering free file sharing up to 5GB.

Collection Agencies 52

Collection Agencies Collections Agency Collections 52

Debtor Daddy

JUNE 20, 2021

Today, we’re excited to launch a new platform specifically for bookkeepers. This is mainly due to the manual nature of the job and the lack of technology to make it automated and scalable.”. This is mainly due to the manual nature of the job and the lack of technology to make it automated and scalable.”.

Debtor 97

Debtor Debt Management Collections 97

Albuquerque Law

MARCH 3, 2021

When struggling with overwhelming debt, many restaurant owners fear that seeking debt relief through bankruptcy will mean the end of the line for their business. However, filing bankruptcy can help business owners manage their debt without losing control of their business. New changes make debt relief even more accessible.

Bankruptcy 49

Bankruptcy Chapter 7 bankruptcy Collections 49

PDC Flow

AUGUST 17, 2021

It takes attention, time and patience to find the right system for the type of debt you’re collecting. President of First Collection Services, William "Chris" Dunkum has more than 30 years’ experience in the collection industry serving in sales, operations, and executive leadership. Chris Dunkum. John Kelan. David Speed.

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Collections Creditors Collection Agencies Collections Agency 82

Sawin & Shea

JANUARY 18, 2024

Chapter 13 bankruptcy provides a structured repayment plan, allowing individuals with regular income to reorganize their debts and retain their assets. This document outlines a repayment plan that considers their debt load, current resources, and monthly living costs. How Does Chapter 13 Bankruptcy and Auto Loans Work?

Chapter 13 bankruptcy 52

Chapter 13 bankruptcy Loans Bankruptcy Repossession 52

Credit Management Company

FEBRUARY 8, 2022

In every sector, people are failing to make their payments on their debt. As a business, you know how detrimental unpaid bills can be. Perhaps you need to consider working with a collection agency. Read on to learn how to hire a collection agency that will serve your best interest and protect your good reputation.

Collection Agencies 52

Collection Agencies Collections Agency Collections Healthcare 52

Albuquerque Law

MARCH 3, 2021

When struggling with overwhelming debt, many restaurant owners fear that seeking debt relief through bankruptcy will mean the end of the line for their business. However, filing bankruptcy can help business owners manage their debt without losing control of their business. New changes make debt relief even more accessible.

Bankruptcy 40

Bankruptcy Chapter 7 bankruptcy Collections 40

PDC Flow

JUNE 15, 2021

This makes it easy for consumers to pay bills and interact with your company more quickly. This makes it easy for consumers to pay bills and interact with your company more quickly. Easier, more convenient end-user experiences lead to simplified office processes for your team. Faster Payment Collection.

Collections 64

Collections Banks 64

True Accord

DECEMBER 7, 2021

TrueAccord’s Chief Growth Officer, Sheila Monroe , was recently featured in the New Standard in Debt Collection panel as part of the Beyond Digital: The Next Era in Collections summit. In this blog post, Sheila shares her perspective on where the collections industry is heading in 2021 and beyond. . When do we call?

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Collections Financial services Collection Companies 52

True Accord

FEBRUARY 7, 2022

a fintech software platform that provides payment infrastructure as a service, today announced that it partnered with TrueAccord, the leading debt collection company offering intelligent, digital-first collection and recovery solutions, to make it easier for Sila’s customers to use TrueAccord’s products and services.

Collections 52

Collections Financial Institution Banks Collection Companies 52

Debt Guru

MARCH 31, 2022

Most of us require auto and home insurance policies, making bundling a great idea. It’s impossible to pay your bills on time if you don’t know who you owe, how much you owe, or when your payment is due. To make a complete list of creditors and providers: Gather your last bank statement and credit card statements.

Creditors 52

Creditors Home Insurance Debt Management Banks 52

True Accord

JUNE 19, 2020

Due to regulatory concerns and a general wariness of adopting new technologies, the debt collection industry has historically been slow to change. As companies across other financial industries continue to make it easier for consumers to access their own finances, that resistance may finally be waning.

Startups 56

Startups Collections Collection Agencies Collections Agency 56

PDC Flow

JUNE 8, 2021

For the past 15 years, I’ve studied neuroscience and conducted communication experiments in my debt collection agency to understand how empathy works and how to use it effectively in business situations. A Framework for Empathetic Communication. Establishing credibility in the new normal. Cultivate Emotional Intelligence.

Healthcare 57

Healthcare Collections Collection Agencies Collections Agency 57

Titan Consulting

SEPTEMBER 29, 2020

Credit card debt features low monthly payments, but double-digit interest which compounds daily, causing balances to grow fast and making it hard to eliminate the debt. When you have high levels of debt is can be overwhelming to decide where to start your debt relief journey. Paying Credit Card Debt in Retirement.

Credit Card Debt 60

Credit Card Debt Debt Consolidation Foreclosure Bankruptcy 60

Credit Corp

JUNE 14, 2023

Whether or not you fall under the subprime category, it can be surprisingly easy to miss an auto payment—or any other debt. In This Piece: How Late Can You Be on a Car Payment? In This Piece: How Late Can You Be on a Car Payment? How Late Can You Be on a Mortgage Loan Payment? How Late Can You Be on Credit Card Payments?

Repossession 83

Repossession Student loans Student Loans Lender 83

Better Credit Blog

APRIL 20, 2022

Make sure you stay current with what’s on your credit reports, as doing so is one of the first ways to spot fraud. Credit fraud is when someone illegally uses your personal details to open accounts and accumulate debt that they’ve no intention of paying off. Here, we’ll focus on how to file a dispute with TransUnion. .

Debt Consolidation 67

Debt Consolidation Creditors Consolidate Debt Loans 67

Better Credit Blog

JULY 13, 2020

Did you recently get a notification of a new collections account on your credit report or find a voicemail from MiraMed Revenue Group on your phone? When a collections agency like MiraMed contacts you, it’s usually about a missed bill. Miravie collection. How Does MiraMed Revenue Services Work? Miramed rev group llc.

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

Better Credit Blog

OCTOBER 5, 2020

AT&T Collections is one of the biggest telecom providers in the country, with phone, data, and TV packages. If you missed a phone bill or canceled your AT&T account and forgot to pay the final balance, you could be contacted by their collections department. Because simply paying your debt won’t do your credit any good.

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Collection Agencies Collections Agency Collections Debt collector 52