Nexa Collect

JUNE 29, 2023

While these services can be convenient, they also have several potential negative impacts on consumers : Overspending : BNPL schemes can encourage impulsive buying and overspending by creating the illusion that consumers are not actually spending money. Debt Accumulation : These services can contribute to the accumulation of debt.

Retail 130

Retail Lender Loans 130

American Profit Recovery

JANUARY 9, 2024

That should include details such as all contact information, current address, any credit terms issued to that customer as well as purchase history. That should include details such as all contact information, current address, any credit terms issued to that customer as well as purchase history.

Collection Agencies 219

Collection Agencies Collections Agency Collections 219

Account Recovery

JUNE 28, 2022

Terms of the deal were not disclosed. which was formed in 2019, announced the purchase of Rainier Collections Services, based in Bellevue, Wash. A private holding company that says it is actively seeking to purchase accounts receivable management firms has announced the acquisition of a collection agency based in Washington.

Acquisition 221

Acquisition Collection Agencies Collections Agency Accounts Receivables Management 221

Account Recovery

APRIL 19, 2022

… The post Student Loan IDRs Go Under the Microscope appeared first on AccountsRecovery.net.

Student loans 246

Student loans Student Loans Loans 246

Account Recovery

APRIL 14, 2022

Under the terms of the settlement, Monterey Financial Services will cancel nearly $700,000 of leases … The post Finance Company Settles with Mass.

Collections 246

Collections Financial services 246

Account Recovery

DECEMBER 20, 2021

technology-enabled provider of accounts receivable management (ARM) solutions, announced today it has completed its acquisition of EOS North America, a leading first- and third-party collection agency serving government, financial services, healthcare, telecom and utility clients in the United States and Canada. (TSI), the largest U.S.

Acquisition 246

Acquisition Accounts Receivables Management Healthcare Collection Agencies 246

FFGN COLLECT NY

JANUARY 15, 2024

As millions of people stayed home during the pandemic, they turned to digital entertainment services, meal delivery services, clothing subscriptions, and online diet and exercise programs. At the same time, many businesses adopted deceptive subscription marketing policies that make services easy to sign up for but difficult to cancel.

Credit Unions 97

Credit Unions Credit Unions Financial Institution Government 97

American Profit Recovery

MARCH 13, 2024

Debt collections help with recovering outstanding receivables An effective debt collection agency will ensure that your business receives your payments for goods or services you provided. It shows to consumers that your business values its services and has expectations of timely payments.

Collections 204

Collections Acquisition Collection Agencies Collections Agency 204

American Profit Recovery

JANUARY 5, 2024

You should be thinking about how you can serve them for the long term. Build an exceptional customer service program This should be a no-brainer with any business and we are sure you have some element of customer service. Sure, you may have customer service professionals within your organization.

Collection Agencies 201

Collection Agencies Collections Agency Collections 201

Enterprise Recovery

FEBRUARY 11, 2022

Businesses working together, exchanging goods or services, is likely part of a long-term relationship. Depending on the type of customer or client, debt collections can look drastically different. Either can still be frustrating but one type of debt could actually be harmful to the overall business.

Collections 185

Collections 185

American Profit Recovery

JULY 5, 2021

You were asked by a consumer to provide services or products and you did your part. However, before you invoice you must communicate payment terms upfront and be as clear as possible with your customer. There should be no doubt as to the way your business needs to get paid for services. But you need to keep your cool.

Collection Agencies 230

Collection Agencies Collections Agency Collections 230

Account Recovery

APRIL 7, 2023

Buy Now, Pay Later services were originally intended to be a form of short-term financing, to spread payments out for different types of purchases across a relatively short period of time. A … The post More Consumers Using BNPL to Help Make Ends Meet: Survey first appeared on AccountsRecovery.net.

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130

Account Recovery

APRIL 4, 2023

A … The post CFPB Issues Statement Defining ‘Abusive’ Conduct first appeared on AccountsRecovery.net.

Financial services 130

Financial services Collections 130

Nexa Collect

JULY 11, 2023

Insurance and Liability Issues : Car rental companies face significant risks in terms of potential vehicle damage, accidents, and related insurance and liability issues. Customer Service : Providing excellent customer service can be challenging in an industry where customers are often stressed (e.g.,

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American Profit Recovery

JANUARY 12, 2024

Something as simple as a gentle reminder by phone and even a quick conversation about their satisfaction with the service you provided can go a long way in preserving that relationship. If you want to keep your customers in good times and difficult situations, check out our 5 tips for keeping them when they have not paid you yet.

Collection Agencies 179

Collection Agencies Collections Agency Collections 179

Enterprise Recovery

SEPTEMBER 29, 2022

When selling your goods and services to another business, it's wise for both parties to sign a legally-binding agreement. Protect your business by including these B2B contract terms. This agreement will set expectations for both parties as well as provide proof of the arrangement if one of the parties doesn't come through.

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Credit Corp

JUNE 12, 2023

Modifying the loan terms can make mortgage payments more affordable and sustainable for struggling homeowners. Modification Terms: The program aims to reduce your monthly mortgage payment to 20% or more below your pre-modification. Application Process: Apply to the Flex Modification Program through a loan servicer.

Loans 94

Loans Foreclosure Lender Government 94

Nexa Collect

JUNE 27, 2023

Chargebacks can be costly for a business, not just in terms of revenue, but also in operational overheads and potential damage to reputation. Here are some strategies to reduce chargebacks: Clear Product/Service Descriptions : Provide detailed and accurate product or service descriptions.

Education 130

Education Banks 130

Troutman Sanders

FEBRUARY 16, 2024

On February 13, the Federal Trade Commission (FTC) released a blog post warning companies that it could be deemed an unfair or deceptive practice for a company to adopt more permissive data practices and to only inform consumers of such changes through retroactive amendments to its terms of service or privacy policy.

Trade 52

Trade Collections 52

American Profit Recovery

FEBRUARY 22, 2023

Collections, with a customer-service approach…” is how we approach these communications. By Delaney: “Thank you for helping me today.” Thank you for reaching out and for being understanding and compassionate.” Thank you so much for hearing me out, you don’t get that often.”

Collections 223

Collections 223

UK debt collections

JANUARY 31, 2024

The Insolvency Service said 25,158 companies were declared insolvent last year, up from 22,123 in 2022. Scotland and Northern Ireland, which have different bankruptcy laws to England and Wales, recorded the highest numbers of company insolvencies last year since 2012 and 2019 respectively, The Insolvency Service added. Last year 53.7

Trade 76

Trade Government Banks Bankruptcy 76

FFGN COLLECT NY

JANUARY 23, 2024

A common scenario A customer fails to pay for th e goods or client’s services requested by the customer. The customer merely contacted the client, ordered a quantity of goods the client was selling, or requested services at an agreed price. The client shipped the goods or dispatched the service and, once completed, sent an invoice.

Collections 52

Collections Creditors Debtor Lawyers 52

Nexa Collect

JUNE 27, 2023

Just like mortgage recoveries, the steps can vary depending on the jurisdiction and the terms of the loan. Here’s a general outline of the process: Review Loan Agreement : Go through the loan agreement to ensure you are familiar with its terms and conditions, especially those regarding default and recovery.

Student loans 100

Student loans Student Loans Loans Garnishment 100

American Profit Recovery

MAY 28, 2021

If you are running a professional services firm or a consulting agency, we know that you are working closely with your clients and have far more interaction than other industries. This might not be like other industries we serve such as lawn care professionals where the lawn is serviced, and a bill is sent.

Collection Agencies 244

Collection Agencies Collections Agency Law Firms Collections 244

American Profit Recovery

FEBRUARY 27, 2023

Because one of the biggest reasons small businesses suffer from cash flow problems is the time between service and actual payment. Review and adjust payment terms for customers Now is the time to see if your payment expectations are effective enough to get customers to pay. Did customers complain about payment terms?

Collection Agencies 130

Collection Agencies Collections Agency Collections 130

PDC Flow

APRIL 25, 2023

Companies who sell high dollar products or offer professional services usually ask for payment after work is done or goods are delivered. Establishing clear credit terms helps customers know what to expect during billing and teaches staff proper procedure when collecting on both B2C and B2B payments. Why are Credit Terms Important?

Creditworthiness 71

Creditworthiness Manufacturing Banks Construction 71

UK debt collections

NOVEMBER 9, 2023

Small Business Debt Collection services help businesses to quickly and efficiently identify debtors, track invoices, and send out automated reminders for overdue accounts. Small business owners have revealed that cash flow is the biggest challenge for nearly half of the respondents.

Government 90

Government Loans Debtor Collections 90

American Profit Recovery

JUNE 20, 2022

Consumers were also left with a whole host of other challenges including finding the products and services they use frequently and of course meeting their financial obligations. We don’t have to tell you that every household in America is dealing with increased costs for some of the most basic items and services.

Collection Agencies 190

Collection Agencies Collections Agency Debt collector Collections 190

Nerd Wallet

MARCH 4, 2022

Payment terms are the conditions of a sale. They’re usually associated with invoice payments, and specify how and when clients provide payment for goods or services. Terms include when payment is expected, accepted payment methods and any discounts for early payment and/or late fees. Dalia Ramirez writes for NerdWallet.

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90

Troutman Sanders

APRIL 17, 2023

District Court for the Southern District of Florida arguing that the Equal Credit Opportunity Act’s (ECOA) prohibition on discrimination covers every aspect of an applicant’s dealings with a creditor, not just the specific terms of a loan (like the interest rate or fees). The new CFPB effort comes in Roberson v.

Student loans 94

Student loans Student Loans Repossession Loans 94

Credit Corp

MAY 16, 2023

If you’ve done some online shopping lately, you may have heard of Klarna and Afterpay, two popular Buy Now, Pay Later services. Similar to a loan, these services are paying for your purchase up front alongside your initial payment to the service. With these services, it’s not you paying the retailer.

Retail 98

Retail Loans Education Lender 98

FFGN COLLECT NY

JANUARY 23, 2024

Are the words enforceable when you go forward with NY Debt collection? We are contacted by the creditor to assist with debt collection efforts. The goods or client’s services were requested by the customer. The client shipped the goods or dispatched the service and, once completed, sent an invoice. Client signed the invoice?

Collections 52

Collections Creditors Debtor 52

Troutman Sanders

JANUARY 18, 2023

billion in aggregate Earn account value — belong to Celsius’ bankruptcy estate pursuant to the contractual terms embedded in the Earn account deposit agreement (Terms of Use). Therefore, according to the court, Celsius was permitted to pause withdrawals of Earn account deposits under the Terms of Use.

Bankruptcy 98

Bankruptcy Debtor Government Collections 98

UK debt collections

DECEMBER 5, 2023

The local government body said Local Scottish councils need nearly £14.4bn in the budget just to “stand still” The Scottish government said it had given councils a real-terms increase of £376m, or 3%, this year. Cosla issued the warning in a briefing paper ahead of the Scottish budget on 19 December.

Bankruptcy 59

Bankruptcy Government 59

Troutman Sanders

JANUARY 4, 2022

If using a link to disclose autorenewal terms, the link must: Be available before the consumer elects to purchase the goods or services; Appear directly adjacent to any online link used by the consumer to purchase any good or service subject to the autorenewal; and. The minimum purchase obligation, if any.

Trade 98

Trade 98

Troutman Sanders

SEPTEMBER 15, 2023

According to the data reviewed by the CFPB, 87% of the institutions in the sample offer tuition payment plans directly to students, with 60% of those institutions offering payment plans, outsourcing some repayment functions to third-party financial service providers. The Bureau asserts that these fees can create a high cost of credit.

Student loans 52

Student loans Student Loans Legal Rights Education 52

Troutman Sanders

MARCH 8, 2023

As reported here , on September 9, 2022, the California Department of Financial Protection and Innovation (CA DFPI) published a notice of rulemaking action, proposing amendments to the Student Loan Servicing Act. The proposed rules also define terms used in the rules relating to education financing products.

Student loans 52

Student loans Student Loans Loans Education 52