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The big 5 contact methods- ranked.

Collect More

When chasing payment, there are generally 5 contact methods used. They are: – The phone. – Personal visit. – SMS. – Letter. – Email. These are the big 5 and whilst there are others like Facebook messaging etc, you will almost always use one or a combination of these. Whilst doing nothing could still you get paid, you’re relying on someone else to remember to do something, so it’s never recommended.

Join Your Fellow Members at Northeast Debt Collection Expo 2022

Account Recovery

The Northeast Debt Collection Conference is set to return to Caesar’s in Atlantic City, New Jersey on September 18-20.

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Writing in the Margins: Just How Much Does Your Overhead Cut Into Your Revenue?

NCBA Law Practice Management Blog

Law firms often focus on gross revenue, when calculating how much they make. But, there are expenses that go into running every business, including a law firm. And, gross profits aren’t what you really make.

Encore CEO Ashish Masih Reappointed to U.S.-India CEO Forum

Account Recovery

SAN DIEGO, Aug. 08, 2022 — Encore Capital Group, Inc. NASDAQ: ECPG), an international specialty finance company, today announced that its President and CEO, Ashish Masih, has been reappointed by U.S. Secretary of Commerce Gina M. Raimondo to the U.S.-India India CEO Forum.

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Successful Change Management with Enterprise Risk Management

Speaker: William Hord, Vice President of ERM Services

Join us as we discuss the various tangents of data and the change management process that will help you make better risk-based business decisions to save time and money for your organization.

What are We Seeing in Consumer Credit Trends Today? A Video Interview with Ohad Samet

True Accord

The financial landscape for both consumers and businesses is particularly uncertain right now. Many new fintechs and neobanks are experiencing their first delinquency surge and others soon to follow.

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Should I have a checking account or a savings account? (The answer is both.)

Kasasa

There are plenty of situations you may find yourself in that warrant opening a new bank account.

Private Bailiff tenant evictions up by 39%

UK debt collections

Tenant evictions by bailiffs in the private rental sector (PRS) have increased by 39% say latest government figures released. The figures show that 3,405 households in the private rental sector were evicted by bailiffs in England between April and June 2022, up 39% on the previous quarter.

Daily Digest – August 11. Getting to Know Kelli Edmonds; Judge Grants MSJ in Separate FDCPA Suit Filed Over Same Account

Account Recovery

GETTING TO KNOW KELLI EDMONDS OF KOTA BUSINESS SOLUTIONS After a 35-year career in the industry, Kelli Edmonds took the bold step earlier this year to hang out her own shingle and start her own business.

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National Financial Awareness Day: Why Financial Literacy is Beneficial For Everyone

True Accord

August 14 is National Financial Awareness Day , making it an appropriate time to shine a spotlight on initiatives that can help improve consumer financial awareness in the collections space. Financial literacy is an essential life skill that benefits people throughout their lives, but is often overlooked when it comes to what happens if a payment is late or missed.

How Preparation and Strategy Can Be Used to Fight and Defeat Any Ransomware Attack

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

Through a detailed analysis of major attacks and their consequences, Karl Camilleri, Cloud Services Product Manager at phoenixNAP, will discuss the state of ransomware and future predictions, as well as provide best practices for attack prevention and recovery.

What Does a Demand Letter Do?

Enterprise Recovery

If you're asking the question, you're likely dealing with a scenario of non-payment from a client and would like to avoid litigation. Simply put, a demand letter (or more than one!) is sent to your clients to inform them of your intention to collect what is owed to you.

What the Inflation Reduction Act Means for Green Energy Stocks

Nerd Wallet

The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.

CFPB Takes Action to Protect the Public from Shoddy Data Security Practices

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) confirmed in a circular published today that financial companies may violate federal consumer financial protection law when they fail to safeguard consumer data.

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Judge Grants MSJ in Separate FDCPA Suit Filed Over Same Account

Account Recovery

A District Court judge in Missouri has granted a defendant’s motion for summary judgment after a plaintiff filed two separate lawsuits related to two different collection letters that she received five months apart attempting to collect on the same debt.

Mandatory COVID Vaccination Policy Template

The federal government is developing a rule requiring employers with more than 100 employees ensure their workers are vaccinated or produce a negative COVID test weekly before entering the workplace. So, what can your organization do to prepare? Get Paycor’s COVID Vaccination Policy Template to help communicate important details to your employees.

Where Are We Now? 2022 Data Science and AI Predictions Revisited

Fico Collections

Where Are We Now? 2022 Data Science and AI Predictions Revisited. Within my AI predictions for the year, interpretable machine learning (ML) models have surprised me by garnering greater awareness from data science leaders. Saxon Shirley. Thu, 05/12/2022 - 07:46. by Scott Zoldi.

Wrapping up your 20s: 14 Ways to manage your money

Kasasa

As you approach the big 3-0, you might be frustrated with the way things are going with your financial stability. Or you may be thrilled with how you're owning your financial situation.

Banks 52

Money News: 3 Companies Commit Major Consumer Credit Blunders

Nerd Wallet

The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.

Natural Disasters are a Double-Edged Sword for Construction: Extra Credit

NACM

?? This week's episode of the Extra Credit #podcast is all about the construction industry! Listen here. ?? As severe weather events become more common, the construction industry will play a pivotal role in disaster preparedness and recovery. But with more opportunity comes more risk.?

VantageScore Takes Steps to Further Support Consumers Affected By Medical Debt Collections

Account Recovery

STAMFORD, Conn., 10, 2022 — Having already eliminated paid medical collection accounts with the introduction of VantageScore 3.0.

How the Chapter 13 bankruptcy repayment plan works

Roths Child Law

When you file for Chapter 13 bankruptcy, you will create a repayment plan for your debts. This is a legal tool that enables you to get out of debt. . The repayment plan works, in some ways, like a short-term consolidation loan.

Dealing with finances in your 30s

Kasasa

Congratulations! You've survived your 20s — an exciting decade when you think you're finally starting to figure out life, and you're getting ready to settle into the adulthood you've created for yourself. My Finances Debt Management Banking

Is Bitcoin a Good Investment?

Nerd Wallet

If you bought $100 worth of Bitcoin in early 2010, today you’d have more than $20 million. With those kinds of returns, it’s hard not to think, “Can I get in on that?” Bitcoin, the largest cryptocurrency by market cap, is a good investment if you have a high risk tolerance, are in a strong.

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Scott Williams Named in Birmingham Business Journal’s 2022 40 Under 40

Burr Forman

Burr & Forman is pleased to announce Ronald D. Scott” Williams , Partner at Burr & Forman, has been named among The Birmingham Business Journal’s 2022 Top 40 Under 40.

Getting to Know Kelli Edmonds of Kota Business Solutions

Account Recovery

The “Getting to Know” series is sponsored by Applied Innovation. Applied Innovation is helping to shape the future of accounts receivable management.

Inflation Rates Slow Across the US

NACM

Kendall Payton, editorial associateThe consumer price index (CPI) rose 8.5% in July, compared to a 9.1% year-over-year increase in June. The drop in gas prices is a notable indicator of slowing inflation, but rates continue to increase among food and energy prices. The food index has increased 10.9%

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Do checking accounts earn interest?

Kasasa

When you go to a bank or credit union, you have several options when choosing what kind of account you want to open. Rewards Banking Banking

4 Things Small Businesses Should Do Now to Prep for a Recession

Nerd Wallet

Speculation about a looming recession is putting pressure on many small-business owners to protect themselves against a downturn, and experts say it’s not too early to start preparing.

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Burr & Forman Represents On To Victory in First-Of-Its-Kind Name, Image and Likeness Collective Acquisition for Auburn Student-Athletes

Burr Forman

Burr & Forman LLP is pleased to announce that the Burr Sports Law and NIL team represented an innovative team of Auburn University alumni to assist their name, image and likeness (NIL) collective, Friends of Auburn, LLC d/b/a ON TO VICTORY, in acquiring an existing NIL collective that supported Auburn University student-athletes.

Student Loan Debt Collection System Driving People Into ‘Deeper Hole’, Says Ed. Dept. Official

Account Recovery

The only good thing that happens when an individual defaults on his or her student loan is that debt collectors make money, according to an Undersecretary at the Department of Education who was speaking during a virtual panel discussion earlier this week.