Tue.Jun 15, 2021

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Effective debt collections acknowledges unique consumer challenges

American Profit Recovery

A common misconception is that the consumer believes that the creditor and/or the collection agency is expecting payment in full immediately. Instead, we try to work with the consumer to get a better understanding of their financial situation, and then work out a payment plan that they can meet successfully.

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Buy Now, Pay Later for Health Care: How It Works, When To Consider It

Nerd Wallet

This payment option, sometimes referred to as a point-of-sale loan, allows patients to split medical bills into small monthly payments that include minimal or no interest. Buy now, pay later has taken off for retail and travel purchases, and now companies like Walnut and Wellpay offer BNPL for health care costs. BNPL loans for health.

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How to Get Income-Driven Repayment Plan Forgiveness

Nerd Wallet

Income-driven repayment plans are a safety net for federal student loan borrowers having difficulty making payments on a standard 10-year repayment plan. All four income-driven repayment plans cap payments at a portion of your discretionary income and extend your repayment term. Anna Helhoski writes for NerdWallet.

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Second Circuit Holds Debt Collector Did Not Need to Include Interest Disclosure in Settlement Offer

Burr Forman

Therefore, a settlement offer need not enumerate the consequences of failing to meet its deadline or rejecting it outright so long as it clearly and accurately informs a debtor that payment of a specified sum by a specified date will satisfy the debt.”.

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10 Ways to Improve Payment Collections with Salesforce

For finance teams using Salesforce’s powerful CRM technology, automation can transform accounts receivable processes, driving efficiency and delivering measurable results like cost savings, reduced customer churn, and lower DSO.

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How Can Technology Improve Revenue Cycle Management?

Credit Management Company

If the reason is because of their ranking on the federal poverty guidelines, it could be a waste of time contacting them for payment. An Additional Path to Payment. When talking to patients, our patient account representatives are always asking questions to remove roadblocks to payment. They simply might not have the funds.

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Klarna’s Digital Debt Collection Journey: Outsourcing Without Sacrificing the Consumer Experience

True Accord

Klarna, the highest-valued private fintech in Europe, is on a mission to make shopping simple, safe and smooth, for both consumers and retailers, through its suite of payment products and services. By this time, the collections industry had evolved.

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When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Are you finding some snags in your collections process? Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.

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Everything You Need to Know About Crypto

Speaker: Ryan McInerny, CAMS, FRM, MSBA - Principal, Product Strategy

May 18th, 2023 at 9:30 am PDT, 12:30 pm EDT, 5:30 pm BST