Account Recovery

JULY 19, 2021

The annual convention will feature education and business solutions as well as important accounts receivable management (ARM) industry updates. ACA International’s 2021 Annual Convention & Expo is back as a live in-person event July 28-30 at Caesars Palace in Las Vegas.

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Accounts Receivables Management Education 246

Account Recovery

SEPTEMBER 18, 2020

The report reflects the task force’s consensus on the current … The post ACA International and HFMA Release New Best Practices for Resolution of Medical Accounts appeared first on AccountsRecovery.net.

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Healthcare 246

Enterprise Recovery

DECEMBER 10, 2021

To protect your cash flow and increase working capital, it may be time to consider some updates to your accounts receivable and invoicing process. Have you considered making it easier for your clients to pay what's owed to you? Here are the top A/R trends to get those late payments finally paid!

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Credit Corp

APRIL 9, 2024

Why Do Credit Scores Take So Long To Update? If you have, maybe you’ve noticed in the past how long it takes your credit score to update. The credit reporting process is another reason why it would take longer than a week to update your score – it takes a while for lenders, banks, and the bureaus to record your activity.

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Nexa Collect

MARCH 13, 2023

Large clients often assign hundreds ( even thousands) of accounts to a collection agency in one go. Suppose a client submits a batch of 1000 accounts to the collection agency. An update to your internal accounting software will also be required. Assign only 100 accounts to start with.

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PDC Flow

FEBRUARY 29, 2024

Does your agency take advantage of tax refund season to boost revenue and close more accounts? Update Your Compliance Management System Most companies have some type of compliance management system that addresses the policies, procedures, and work instructions that must be followed. Don’t start too big.

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Nexa Collect

JUNE 26, 2023

Secure Personal Information : Advise seniors to never give out personal information such as Social Security numbers, bank account numbers, or credit card information over the phone or via email unless they initiated the contact and are certain of whom they are dealing with. Also, keep their operating systems and applications up-to-date.

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American Profit Recovery

APRIL 13, 2021

Depending on the type of business you are operating you may have a regular need for debt collections, or you may just have a few accounts that have been lagging in payments. When our experts sit down and conduct an accounts receivable analysis with our clients, we look for several things. Submitting accounts.

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Collections Collection Agencies Collections Agency 184

American Profit Recovery

OCTOBER 18, 2023

And to meet the needs and objectives of commercial clients, your consultation may involve several recommendations for the accounts receivables process. Entering accounts for collections can be done seamlessly and with little effort, making this process easier for the company seeking to recover debt.

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American Profit Recovery

AUGUST 25, 2021

And that can throw your accounts receivables into negative territory. How you manage your accounts receivables is critically important to meeting your cash flow needs as well as adhering to your own financial obligations as a business. Review your entire accounts receivable process. Consider updating your billing cycle.

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Collection Agencies Collections Agency Collections 246

UK debt collections

APRIL 24, 2024

Lack of records hampers Investigations Insolvency Service investigators were unable to identify where funds of more than £3.75m which passed through the company bank accounts went to due to a lack of trading and financial records. A total of six staff were employed at the time including directors Pinker and Rhodes.

Lawyers 89

Lawyers Trade Law Firms Government 89

Nexa Collect

JUNE 22, 2023

While AI brings efficiency and productivity to the accounting industry, it also poses certain risks to the profession, particularly in terms of job security and the nature of work. Skill Obsolescence : As AI takes over mundane tasks, the skill sets required for accountants are changing.

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Judgment 100

American Profit Recovery

JANUARY 3, 2024

Improve your invoicing strategies and timing and update payment processes to help accelerate cash flow. Everything from accounting software to help with accounts receivables as well as debt collection, technology to streamline processes and in the end reduce operational costs.

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Collection Agencies Collections Agency Collections Banks 205

True Accord

NOVEMBER 13, 2023

The New York City Department of Consumer and Worker Protection (NYC DCWP) just released an updated proposed amendment to its rules relating to debt collection. This updated amendment changes significantly more than the first proposed amendment released by NYC DCWP last year. So, they ultimately sound like spam.

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FFGN COLLECT NY

MAY 17, 2023

The reforms were then codified into law through updates to the Civil Practice Law and Rules of New York. Understanding the new laws will help you update your document retention practices in the event you need to file a consumer debt collection case to collect unpaid bills. Instead, you can list them as zero balance.

Consumer Credit 52

Consumer Credit Collections Original Creditor Creditors 52

FFGN COLLECT NY

MAY 17, 2023

The reforms were then codified into law through updates to the Civil Practice Law and Rules of New York. Understanding the new laws will help you update your document retention practices in the event you need to file a consumer debt collection case to collect unpaid tuition and fees. Instead, you can list them as zero balance.

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Collections Original Creditor Creditors Consumer Credit 52

Fraser

MAY 31, 2023

The IRS has released its 2024 annual inflation adjustments for Health Savings Accounts (“HSAs”) as determined under Section 223 of the Internal Revenue Code. Plans and related documentation, including employee communications, should be updated to reflect these new limits which are effective for calendar year 2024.

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Acquisition 77

Jimerson Firm

MARCH 26, 2024

Your closing checklist should specify who – be it on the buyer’s side, the seller’s side, legal counsel, financial advisors, or other stakeholders – is accountable for completing each item on the closing checklist.

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Acquisition Financial Institution 59

Nerd Wallet

APRIL 21, 2021

Apple has announced an update to the Apple Card that will make it possible for up to six people to use one credit card account. The article Apple Card Will Soon Let You Share an Account and Build Credit as a Group originally appeared on NerdWallet. Sara Rathner writes for NerdWallet. Email: srathner@nerdwallet.com.

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American Profit Recovery

JUNE 20, 2022

Review every aspect of your accounts receivables program now. It’s a good idea to either sit down with your bookkeeper or CPA and review every angle of your accounts receivables. And if you need to update the due dates on your invoices from 30 days to 10 days, that’s a choice you’ll have to make.

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Collection Agencies Collections Agency Debt collector Collections 190

Credit Corp

DECEMBER 14, 2022

Article updated December 14th, 2022. Plus Weekly Updates From Our 50+ Experts. Over time, as you let accounts age, add new accounts, and manage your debts responsibly, your credit score will grow. As for your credit score, you can check two of your credit scores, updated every 14 days, for free at Credit.com.

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American Profit Recovery

APRIL 7, 2022

TransUnion, Experian, and Equifax will be updating their procedures in reporting debt to medical practices. Starting in March of 2023, medical collection accounts under $500 will not appear on the credit reports of consumers either. As long as your medical accounts receivable practices are up to date.

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Collection Agencies Collections Agency Collections Government 176

Debtor Daddy

APRIL 26, 2023

Jump onto the app now to see how it helps you: Quickly identify account contacts that need to be removed or updated Make more informed decisions about next steps when chasing customers Have more efficient phone calls with customers. Make informed decisions about next steps if accounts go unpaid.

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Collections 52

Troutman Sanders

APRIL 25, 2023

Implying that high interest rates are solely a result of lack of competition, the CFPB has: (i) published a proposed rule that would amend Regulation Z to decrease the safe harbor for credit card late fees; (ii) launched an update of its credit card database; (iii) and requested public feedback on how the consumer credit card market is functioning.

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Credit Unions Credit Unions Credit Card Debt Consumer Credit 52

Fico Collections

NOVEMBER 10, 2021

In fact, while other credit scoring models may generate a credit score based on stale credit information , our minimum scoring criteria requires that at least one credit account has updated information reported in the last six months. How frequently the data is updated depends on where it resides: Credit Bureau Data.

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Credit Bureau Lender Loans Consumer Credit 52

Nexa Collect

FEBRUARY 14, 2022

You can also update your client on the collection activity made by your agency so far. If your client insists that they want to see collector notes on the online portal to understand how much collection activity is going on each of their accounts, that is again tricky. These notes can easily be misinterpreted.

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Collections Debt collector Debtor Collection Agencies 130

Troutman Sanders

NOVEMBER 3, 2023

Updated Notification Requirements In the event of a cybersecurity event, a covered entity is required to promptly provide to the superintendent of the NY DFS any information requested regarding such incident. A covered entity is required to maintain backups necessary to restore material operations.

Government 59

Government Financial services Banks 59

Troutman Sanders

JULY 27, 2022

million customer accounts and identified many issues in its internal audits, but it “took years” to address the problems. million in restitution to current and former customers, as well as to take steps to correct all inaccurate account information. The CFPB asserted that Hyundai furnished inaccurate information on more than 2.2

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True Accord

JUNE 6, 2023

Where data has its own intrinsic value and where data breaches and cyberattacks are a risk for every business, the Safeguards Rule under the Gramm-Leach-Bliley Act (GLBA) provides financial institutions, including those in the accounts receivable management industry, with guidance on how to safeguard customer information.

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Financial Institution Credit Unions Credit Unions Accounts Receivables Management 72

Credit Corp

MARCH 6, 2023

Quick answer: You can try joining a credit union, signing up for a starter credit card, getting a credit card through your current bank, applying for a secured credit card, becoming an authorized user on another person’s account or taking out a credit builder loan. Payment history accounts for the biggest impact to your credit score.

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Credit Unions Credit Unions Retail Loans 98

Credit Corp

APRIL 26, 2024

They offer customers three tiers of service, and they keep you updated on the progress of your credit repair status along the way. With their higher service tier, you get more frequent credit updates and access to their credit builder tool. During that time, their members have seen get over 8.6 Value $49.95/mo

Law Firms 52

Law Firms Credit Bureau Creditors Loans 52

Troutman Sanders

NOVEMBER 13, 2023

On November 3, the Financial Stability Oversight Council (FSOC) voted to issue final versions of a new analytic framework for financial stability risks and updated guidance on the council’s nonbank financial company determination process. For more information, click here.

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Financial services Manufacturing Debt Management Debtor 52

Better Credit Blog

APRIL 20, 2022

Credit fraud is when someone illegally uses your personal details to open accounts and accumulate debt that they’ve no intention of paying off. Account numbers don’t match your files. This can be due to an admin error or a mix-up between accounts. Always make sure to double-check account numbers. Account number.

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Debt Consolidation Creditors Consolidate Debt Loans 67

Arbeit Software

JANUARY 4, 2021

Based on our past event experiences and knowledge we’ve gained in 2020, we believe these events will help you gain a competitive advantage in the accounts receivable industry. We will continue to update this article with any known event changes relating to COVID-19*.

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The McHughes Law Firm

MARCH 26, 2021

Before you attend a conference such as the RMAI Annual Conference , take the time to update your LinkedIn profile to ensure that you are making the most of your platform. Here are 4 reasons you should update your professional LinkedIn profile before you attend your next conference. .

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Credit Corp

JULY 25, 2021

In general, credit limit cuts are more common than account closures. On average, over half a million cardholders experienced an account closure or credit limit cut every day. Banks close card accounts and slash credit limits primarily to reduce their own risk,” explains Matt Schulz, chief credit analyst at LendingTree.

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Troutman Sanders

DECEMBER 10, 2021

On December 1, Freddie Mac issued Bulletin 2021-36 to update lenders on changes in loan eligibility requirements. Specifically, the bulletin stated that Freddie Mac updated its Seller/Servicer Guide (the Guide) to address “the use of cryptocurrency in the Mortgage qualification process.”

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