Thu.Sep 17, 2020

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Most Americans Do Not Negotiate Medical Debt Balance, Are Not in Payment Plan: Survey

Account Recovery

A majority of Americans have medical debt, have had that debt placed into collections, have not tried to negotiate to lower the cost of how much they owe, and are not in a payment plan, according to the results of a survey conducted by Debt.com. The survey only included 1,186 people from all 50 states, … The post Most Americans Do Not Negotiate Medical Debt Balance, Are Not in Payment Plan: Survey appeared first on AccountsRecovery.net.

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Are Medicare Advantage Plans Worth the Risk?

Nerd Wallet

About 1 in 3 people 65 and older in the U.S. enroll in Medicare Advantage, the private insurance alternative to traditional Medicare. It’s not hard to see why: Medicare Advantage plans often cover stuff that Medicare doesn’t, and most people don’t pay extra for it. But Medicare Advantage can be more expensive if you get. Liz Weston is a writer at NerdWallet.

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NY DFS Announces First Case Under State’s Debt Collection Rule

Account Recovery

The New York Department of Financial Services has announced its first-ever regulatory action taken in enforcing the state’s debt collection regulation, accusing a collection law firm of not substantiating “hundreds” of debts within the 60-day required timeframe. A hearing has been scheduled for Jan. 12, 2021 to determine whether the firm — Forster & Garbus … The post NY DFS Announces First Case Under State’s Debt Collection Rule appeared first on AccountsR

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12 of the Best Cash-Back Apps of 2020

Nerd Wallet

Automating your finances, whether for paying bills or saving money, is a secret to growing wealth. Cash-back apps can be a part of that strategy by providing you discounts, rebates or points applied to future purchases. This is not a big-money play. It’s more of “a penny saved” sort of thing. But it helps to. Hal M. Bundrick, CFP is a writer at NerdWallet.

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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

Speaker: Erika R. Bales, Esq.

When we talk about “compliance and security," most companies want to ensure that steps are being taken to protect what they value most – people, data, real or personal property, intellectual property, digital assets, or any other number of other things - and it’s more important than ever that safeguards are in place. Let’s step back and focus on the idea that no matter how complicated the compliance and security regime, it should be able to be distilled down to a checklist.

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Judge Denies Motion to Compel Arbitration in FDCPA, TCPA Class Action

Account Recovery

A District Court judge in Hawaii has denied a defendant’s motion to compel arbitration in a class-action suit accusing it of violating the Telephone Consumer Protection Act and Fair Debt Collection Practices Act because the defendant did not show that the plaintiff must rely on the terms of his customer agreement with the original creditor … The post Judge Denies Motion to Compel Arbitration in FDCPA, TCPA Class Action appeared first on AccountsRecovery.net.

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Getting to Know Scott Medley of Reliant Capital Solutions

Account Recovery

The “Getting to Know” series is sponsored by Arbeit. Arbeit is a powerful, and easy to use communications platform that empowers businesses to reach more consumers. Innovative by nature, we are constantly listening to and understanding the businesses we partner with and developing long term industry relationships that allow us to be proactive in anticipating … The post Getting to Know Scott Medley of Reliant Capital Solutions appeared first on AccountsRecovery.net.

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Understanding Your Credit Card Limit: 3 Things to Know

The Kaplan Group

aDIudGItaGVhZGluZ1tkYXRhLXRvb2xzZXQtYmxvY2tzLWhlYWRpbmc9IjM2OGNkZGQ4YzFkOThkNzlmMTFlNWUyNzc0NTgwOGE4Il0gIHsgdGV4dC1hbGlnbjogbGVmdDsgfSA=. “We’re lowering your credit card limit,” is the last thing a business owner wants to hear. Businesses often use credit cards in the same ways that people do in their personal lives. This is not necessarily a bad thing.

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Daily Digest – September 17. Getting to Know Scott Medley of Reliant Capital Solutions; NY DFS Announces First Debt Collection Action

Account Recovery

GETTING TO KNOW SCOTT MEDLEY OF RELIANT CAPITAL SOLUTIONS Having spent nearly two decades in sales, it is no surprise that the aspects of that job are what appeal to Scott Medley the most. Face-to-face meetings, pressing the flesh, as he calls it, are what have allowed him to succeed for this long in the … The post Daily Digest – September 17.

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Medigap: What to Know About Medicare Supplement Insurance

Nerd Wallet

Medicare Supplement Insurance (also called Medigap) covers the out-of-pocket health care costs you may incur with Original Medicare (parts A and B). There are 10 standardized Medigap plans with letter names (plans C, D, E, G, etc.) that are sold by private insurers, with premiums regulated by the states. What you pay in monthly premiums. Walecia Konrad is a writer at NerdWallet.

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

Are you finding some snags in your collections process? 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. Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.

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To have and have not – blog by Sue Chapple FCICM

CICM

17 September 2020. It could be a false dawn, but in recent days I’ve sensed a return to some sort of normality. Not a ‘new normal’ but rather some of the ‘old’ normal with a desire for human contact and a relationship with one’s friends and colleagues which isn’t dictated to by the vagaries of the various ‘team’ platforms. That’s not to say that the world hasn’t changed.

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4 Ways Women Can Invest in Other Women

Nerd Wallet

Investing is for anyone who wants to have control over their financial future — including you, your best friend and your mom. But with the rise of socially responsible investing, there’s a new motivating factor for women: Your investments can also help support others. These initiatives, which focus on creating an impact with your investment. Alana Benson is a writer at NerdWallet.

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Delaware Bankruptcy Court Rejects Late Filings of Asbestos Claims

PBWT

Last February, we blogged about the Third Circuit’s decision in In re Energy Future Holdings Corp , No. 19-1430, 2020 U.S. App. LEXIS 4947 (Feb. 18, 2020). The Third Circuit approved a process for resolving asbestos claims in which a bar date was imposed on filing the claims, but late claimants who were unaware of their asbestos claims would be allowed to have the bar date excused through Bankruptcy Rule 3003(c)(3).

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Benefits of the Wyndham Loyalty Program

Nerd Wallet

With more than 9,000 hotels around the world, you can find a Wyndham property almost anywhere you travel for work or pleasure. Wyndham’s loyalty program, Wyndham Rewards, covers 20 brands in more than 80 countries. Ramada, Travelodge, Days Inn, Super 8, Howard Johnson and La Quinta are just a few of the familiar names that. Lissa Poirot is a writer at NerdWallet.

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ERM Program Fundamentals for Success in the Banking Industry

Speaker: William Hord, Senior VP of Risk & Professional Services

Enterprise Risk Management (ERM) is critical for industry growth in today’s fast-paced and ever-changing risk landscape. When building your ERM program foundation, you need to answer questions like: Do we have robust board and management support? Do we understand and articulate our bank’s risk appetite and how that impacts our business units? How are we measuring and rating our risk impact, likelihood, and controls to mitigate our risk?

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Webinar: Private Causes of Action Under CCPA

Troutman Sanders

Troutman Pepper attorney Ron Raether will present during the virtual panel, “Private Causes of Action Under CCPA,” at NetDilegence’s Cyber Risk Summit on October 6, 2020. The panel is from 11:15 a.m. – 12:15 a.m. PST and will cover the following trends: Litigants. Industries. Volume. Impact of COVID-19 on current trends. Retroactive. Requirement to “Cure” For more information on the summit and registration, please click here.

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Underrated Reasons Why You Need the Iberia Visa Signature Card

Nerd Wallet

Even if you’re not a regular Iberia Airlines customer, you may still want to consider getting the Iberia Visa Signature® Card. Iberia is part of the Oneworld airline alliance and has several additional codeshare partnership agreements, so its Iberia Plus frequent flyer program can be useful for most travelers. One of the best ways to. Bethany Walsh is a writer at NerdWallet.

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How To Remove A1 Collections From Your Credit Report

Better Credit Blog

Is A1 Collections bringing down your credit score? Discovering a collections entry on your credit report can be stressful, hurting your credit and leading to unwanted phone calls and letters. Whether you forgot to pay one bill or you’ve fallen behind on several payments, collections can damage your score for years if you don’t deal with it the right way.

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Can I Get Total and Permanent Disability Discharge of My Student Loans?

Nerd Wallet

Total and permanent disability discharge is a type of student loan forgiveness for borrowers who cannot work due to a physical or mental impairment. To be granted forgiveness, you have to prove that you’re unable to work (characterized as substantial gainful activity) due to a physical or mental impairment. The information below is for federal. Anna Helhoski is a writer at NerdWallet.

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You Put in a Full Work Week. Shouldn’t Your Collections Software Do the Same?

Discover a modern, cloud-based collection system that never takes a rest day. MeridianLink® Collect is an intuitive platform with advanced customization options developed to simplify the collections process. Here are four ways MeridianLink Collect can support your team: Omnichannel communications Compliance rules & checklists Workflows & queues One interface with supporting integrations And that’s just the start.

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CFPB Releases (Finally) Its Small Business Lending Data Collection Rulemaking Proposal

Troutman Sanders

On September 15, 2020, after considerable delay and pursuant to a court settlement, the Consumer Financial Protection Bureau (CFPB) released its Outline of Proposals Under Consideration and Alternatives Considered for small business lending data collection rulemaking. When the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) was passed, Section 1071 amended the Equal Credit Opportunity Act (ECOA) to require such small business data collection.

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Best Credit Cards for Rental Cars

Nerd Wallet

When you think about rental cars, the rental car counters you see when you exit the airport and the shuttle buses emblazoned with company logos circling the arrivals level might come to mind. In other words, you probably haven’t thought about rental cars for at least a few months, since the COVID-19 pandemic brought air. Meghan Coyle is a writer at NerdWallet.

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Women’s Podcast Series: Episode 1 “Work Life Balance”

Burr Forman

The Women’s Podcast Series will talk about work/life balance, managing stress and anxiety, and career development. Erin Hewitt is kicking off the series with special guest Madeline McGrane, a friend and client of hers, to talk about work/life balance and what that looks like in a remote working environment. Erin Hewitt is a partner in the firm’s Atlanta office and serves as the practice group leader for the firm’s Real Estate Practice.

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Collection Training Tips

Collection Industry News

Collecting debts can be hectic sometimes, but there is always a way to do hectic jobs smoothly, and here we will learn some tips that can help you to get your money. Know Yourself. Do not make a call to the customer just for the sake of it. Prepare yourself mentally and physically before making any phone calls. People can easily understand your sentiments over the phone, and that’s why you need to sound greedy and wishing to receive full payment.

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The Power of Storytelling in Risk Management

Speaker: Dr. Karen Hardy, CEO and Chief Risk Officer of Strategic Leadership Advisors LLC

Communication is a core component of a resilient organization's risk management framework. However, risk communication involves more than just reporting information and populating dashboards, and we may be limiting our skillset. Storytelling is the ability to express ideas and convey messages to others, including stakeholders. When done effectively, it can help interpret complex risk environments for leaders and inform their decision-making.

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Segmentation of Customers for Better Engagement

Re:Ceeve

It’s easy to fall into the trap of thinking about your customers as one solid group. In a macro sense, they are—after all, they all purchase goods or services from you. However, that’s essentially where the similarities end. When it comes to collections, past-due customers can be divided along a number of criteria: demographic details, their contact preferences, their purchasing habits, and their repayment history (among other things).

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10 Proven Ways to Lower Your Car Insurance

Credit Corp

We’ve heard the insurance tagline over and over: “Switch and save money today.” Every insurance company claims to have the best deal. But, how can you get a good deal while maintaining the appropriate amount of coverage? We’ve got you covered—literally, and with no extra cost to you. Check out these ten ways to help lower your car insurance. 1. Get Quotes Annually.

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