Nexa Collect

JUNE 10, 2023

Here are some ways AI can be used in debt collections: Automated Communication: AI-powered chatbots can handle initial interactions with debtors, engage in conversations, and answer frequently asked questions. Lowering Collection Costs: Human debt collectors take a significant percentage of all money recovered by them.

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Debtor Daddy

JANUARY 23, 2022

Debtor Daddy’s top 6 reasons for offering a credit control service to your clients: Future-proof your practice by reducing your reliance on compliance work or other admin tasks that are becoming increasingly automated. Debtor management is something a lot of businesses hate doing and do badly. Win new clients. FIND OUT MORE.

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Debtor Daddy

JANUARY 16, 2022

In this post, Debtor Daddy looks at five key trends we’re predicting in accounts collections this coming year. Implementing accounts receivable collections tools (such as Debtor Daddy) that automate processes has many advantages. Debtor Daddy will be introducing a new payment portal as part of our product suite in 2022.

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Debtor Daddy

OCTOBER 14, 2021

Debtor Daddy CEO Matt McFedries recently had the pleasure of chatting on the Talking Numbers podcast hosted by Paul Jansz from The Professional Partners Accounting Network. About Debtor Daddy: Over 150,000 calls and $2 billion paid faster. For the past nine years, Debtor Daddy has been solving debtors for businesses around the world.

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Debtor Daddy

JULY 25, 2021

Debtor Daddy – Debtor Management Software. With Debtor Daddy’s certification program you’ll learn how to deliver a highly efficient and profitable debtor management service your clients will love. You’ll master the skills of best practice debtor management from the best in the business.

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On Guard

JULY 5, 2022

With Excel proving to be a mainstay, there’s also been a decrease in professionals using specialist credit management software, reducing from 38% in 2021 to 36% in 2022, and almost one-in-ten (8%) said that they don’t use any type of program for debt management. Escape Excel.

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Debtor Daddy

JULY 11, 2021

Stephanie will also be discussing how debtor management can be a great source of value and opportunity. How to create an efficient and effective debtor management solution clients will love. About Debtor Daddy: Over 150,000 calls and $2 billion paid faster. appeared first on Debtor Daddy. Register now.

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Sawin & Shea

MARCH 6, 2024

Also, if your credit score is already quite low, you may not be able to qualify for low interest which makes debt consolidation a useful method of debt management. How Does Debt Consolidation Work? Pros & Cons of Bankruptcy Bankruptcy, like other methods of debt management, has its benefits and drawbacks.

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Debtor Daddy

JUNE 29, 2021

About Debtor Daddy: Over 150,000 calls and $2 billion paid faster. For the past nine years, Debtor Daddy has been solving debtors for businesses around the world. appeared first on Debtor Daddy. Register here. The post Going to Bookkeepcon21? We’ll see you there!

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Taurus Collect

FEBRUARY 1, 2024

A debt collector is an entity, often a third-party agency, hired by creditors to recover funds that are past due or accounts that are in default. In the UK, debt collection companies operate under strict regulations set forth by the Financial Conduct Authority (FCA). However, they may still request payment through other means.

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Troutman Sanders

NOVEMBER 13, 2023

On November 3, Colorado State Attorney General Phil Weiser announced that state regulators reached an agreement with a Florida-based debt management company over violations of the Colorado Debt Management Services Act.

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Debt Free Colorado

JANUARY 20, 2024

Chapter 7 Bankruptcy In Chapter 7 bankruptcy , eligible unsecured debts, including medical bills, may be discharged. That means the debtor is no longer legally obligated to repay these debts. The debtor can move forward without medical bills once the process is finalized. It usually takes a few months to complete.

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On Guard

JANUARY 13, 2021

With Outstanding24, Visma | Onguard adds an innovative cloud solution for efficiently organising debtor management for SMEs to its portfolio. About three years ago, my associates and I found that entrepreneurs in the Netherlands regularly struggle with their processes for reminders and debtor management. Connecting you.

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Taurus Collect

NOVEMBER 15, 2023

They should also provide information about the debtor’s right to dispute the debt. Understanding these rules can help residents dealing with debt collection in Derby protect themselves and minimise stress. If you’re unable to pay the debt, let the collector know about your financial situation.

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Hudson Weir

JULY 25, 2022

A debt can become statute barred if the creditor and debtor do not communicate for a period of six years (or five, in Scotland). To the unqualified, it might not necessarily be clear whether a debt is, or could be, statute barred. As always, we strongly advise taking expert debt advice when it comes to debt management.

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Debtor Daddy

JULY 20, 2020

The post Are you an Office Manager? How to get AR solved and keep it solved appeared first on Debtor Daddy. This means AR takes a back seat for a week or even a month, cashflow suffers and customer relationships are strained. However, there is great risk in putting AR on […].

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Debtor Daddy

JULY 20, 2020

The post An Office Manager? appeared first on Debtor Daddy. The common story is that other things take priority. This means AR takes a back seat for a week […]. How to get AR solved and keep it solved.

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Qualco

JUNE 29, 2023

To keep pace with the latest technology and meet the growing expectations of a new generation of debtors, it's time to adopt an omnichannel debt collection approach. Also , trust our Debt Management Consulting Servic es t o maximise operational effectiveness, minimise risk and improve collection rates.

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Sawin & Shea

NOVEMBER 8, 2023

Contacting them sooner rather than later is advisable as it lets them know you aren’t an irresponsible debtor, you just need some assistance. Consider Filing for Bankruptcy While it should be at the bottom of your list of solutions, it should be on the list as it is a viable option for credit debt relief.

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Hudson Weir

FEBRUARY 25, 2022

An Individual Voluntary Arrangement is a contractual agreement between an individual debtor and their creditors. Such an agreement breaks the debt down into more manageable chunks which can be paid over a set period of time – removing the threat of legal action. This conversation should take place as early as possible.

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Collection Industry News

DECEMBER 17, 2023

. “Every quarter that interest rates stay high results in more developing countries becoming distressed—and facing the difficult choice of servicing their public debts or investing in public health, education, and infrastructure.

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Qualco

FEBRUARY 22, 2022

Involving law firms across the debt management lifecycle. Law firms or DCAs are not only involved in the final stage of the debt collections. they can also be engaged at earlier debt collections stages. Some debtors realise this and use it to their advantage, to avoid agreeing on a sustainable solution.

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On Guard

SEPTEMBER 2, 2020

Systematically work through automated and manual intervention actions that will directly impact and improve your aged debt position. BAD DEBT DASHBOARD – ALL ACCOUNTS – UPDATED DAILY OR IN REAL TIME. FAST CLICK AGED DEBT POSITION BY ACCOUNT – AGENT CAN QUICKLY SEE WHO IS WHERE.

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The Kaplan Group

OCTOBER 19, 2020

You can learn more about FDCPA in our advice to consumer debtors. A credit counselor is certified and trained in consumer credit, money and debt management, and budgeting. The law does not apply to collecting from businesses. Default Provisions. Credit Counselor.

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Hudson Weir

APRIL 25, 2022

Debts owed to a company at the time it goes into administration are still required to be paid. In many cases, debtors are the first parties to be called upon by administrators to pay what’s owed to a company as a means of reviving said company’s cash flow once more. Do I still need to pay a company in administration?

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Credit Corp

MAY 1, 2024

While it can provide relief from overwhelming debt, it may have significant consequences, including damage to your credit score, tax implications, and potential legal actions from creditors. trillion in credit card debt. Chapter 13 is for debtors who don’t meet the requirements to qualify for Chapter 7 relief.

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Sawin & Shea

AUGUST 24, 2020

If you’re dealing with debt and considering filing for bankruptcy, it’s a good idea to get professional legal advice on how to handle the proceedings. Credit counseling and debt management agencies may be able to assist you as you work, but with so many untrustworthy schemes out there, how do you know what the right step should be?

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Collection Industry News

FEBRUARY 21, 2022

A credit counselor may help you by: Analyzing your income, expenses and outstanding debts to create a budget. Signing you up for a debt management plan (DMP). Under a DMP, a nonprofit credit counselor will work with your creditors on your behalf to consolidate your debts into a single monthly payment.

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Fico Collections

SEPTEMBER 19, 2022

These rules require the debt collectors and recoveries staff to—if non-complaint—make significant changes on how and when they can communicate with debtors. Here are some highlights: The 7-in-7 rule: Regulation F stipulates that there may be no more than seven calls made by a debt collector to a consumer in a span of seven days.

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Debt RR

AUGUST 3, 2020

State tax agencies, however, might still need to obtain a Writ of Garnishment and have a bank levy placed on the debtor. While there might be property debt situations that warrant garnishment, it’s more often used for unsecured debt, or debt that isn’t backed by any collateral.

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Taurus Collect

MARCH 5, 2024

In this blog post, we will explore the essential steps entrepreneurs must take to not only survive but thrive, Understand Your Terms and Conditions Understanding your terms and conditions is crucial when it comes to effective debt management.

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Troutman Sanders

JANUARY 11, 2021

The Court noted that one way this harm could be demonstrated was through showing a concrete detriment to her debt-management choices. The Seventh Circuit took up the standing issue de novo and determined that Bazile needed to do more than allege an FDCPA violation to establish standing. In Spuhler v.

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Hudson Weir

JULY 11, 2022

These are agreements wherein the debtor agrees with their creditors to pay back the debts they owe. . However, it can take longer to wipe your debts than with bankruptcy. There are also always less formal options to deal with your financial problems, such as personalised debt management plans.

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Fico Collections

JANUARY 4, 2021

And while the number of debts actively being collected will likely rise, the ability for consumers to pay those debts may not rise as fast. An approach that treats all debts and debtors the same, will not be as successful because there will be a significant number of consumers who owe money and have no ability to repay their debt.

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Fico Collections

JANUARY 26, 2022

And while the number of debts actively being collected will likely rise, the ability for consumers to pay those debts may not rise as fast. An approach that treats all debts and debtors the same, will not be as successful because there will be a significant number of consumers who owe money and have no ability to repay their debt.

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Fico Collections

JULY 14, 2021

million in operational efficiencies as our debtor book grows 40 percent in phase two.”. FICO’s technology put us in position to streamline operations and standardize our approach, whilst maintaining best-in-class standards for the borrower experience. We expect to deliver a further €8.5

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