Credit Corp

SEPTEMBER 29, 2020

Because 35% of your credit score relates to paying your debts in a timely manner, becoming so late on payments that the account is charged off can have a significant negative impact on your score. Even if that’s not the case, though, it could be worth making payment arrangements. The charge off may lower it a bit more.

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Titan Consulting

SEPTEMBER 29, 2020

Credit card debt features low monthly payments, but double-digit interest which compounds daily, causing balances to grow fast and making it hard to eliminate the debt. Mortgage payments offer low-interest rates, but higher monthly payments on larger balances over a long period of time. Features of Mortgages.

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Fico Collections

SEPTEMBER 29, 2020

Across all markets, regulation moved quickly around payment holidays and moratoriums for both the consumers and SMEs. The payment holidays didn’t follow the traditional forbearance guidelines, as almost everyone qualified. How do we solve for customers that “use the magic word Covid and receive a payment holiday without any questions”?

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Roths Child Law

SEPTEMBER 29, 2020

Do you have a lot of outstanding payments due? If you owe on a mortgage or have a credit card balance, you no doubt make monthly payments to satisfy your debts. You might miss a payment but resolve to make up for it by paying double next time. If you miss several mortgage payments, you could wind up at risk for home foreclosure.

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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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Better Credit Blog

SEPTEMBER 29, 2020

If you’ve been contacted by 11 Charter Bright House or have noticed their entry on your credit report, you likely have a missed payment to Charter Spectrum that’s causing problems. Most debt collectors assume that people don’t know their rights and will treat them poorly in order to secure payments.

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Collection Industry News

SEPTEMBER 29, 2020

Key to the calculation of “disposable income” is the minimum payment is after subtracting all of the business’s reasonable expenses, including the owner’s salary, and also may potentially include a contingency reserve in appropriate circumstances. This presents a pre-filing planning opportunity to refinance a purchase-money mortgage.

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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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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

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