Account Recovery

APRIL 1, 2022

As part of its full-court push into fintech and financial services, Apple announced yesterday the creation of a new service that will lock the iPhones of individuals with unpaid debts and only allow them to be unlocked after a payment has been made. The new service coincides with published reports indicating that the technology giant … The post Apple Enters Collection Market; Will Lock iPhones Until Debts are Paid appeared first on AccountsRecovery.net.

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Collections Financial services 246

Enterprise Recovery

APRIL 1, 2022

A solid cash flow is essential to the success of any growing business. Good relationships with your business partners are just as important. Supply chains involve several businesses along a network to provide an end product to a customer. If any payments are delayed along the way, it can cause tension within the relationships and challenges with the manufacturing process.

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Manufacturing 202

Account Recovery

APRIL 1, 2022

A District Court judge yesterday granted a plaintiff’s motion for summary judgment, ruling that a collection agency that allowed collectors and other staff to work remotely violated the Fair Debt Collection Practices Act and ordered the agency to bring all employees back to the office. The case is expected to spawn other lawsuits across the … The post Judge Grants MSJ For Plaintiff in FDCPA Case Over Collectors Working Remotely appeared first on AccountsRecovery.net.

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Fair Debt Collection Collection Agencies Collections Agency Judgment 246

In the Red

APRIL 1, 2022

As discussed in an earlier post called “ Moving Up: Bankruptcy Code Dollar Amounts Will Increase On April 1, 2022 ,” various dollar amounts in the Bankruptcy Code and related statutory provisions were increased for cases filed on or after today, April 1, 2022. This information sheet has a list of all of the dollar amount changes now in effect. The official bankruptcy forms have also been revised to reflect these new dollar amounts.

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Bankruptcy 130

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.

Account Recovery

APRIL 1, 2022

COLLECTOR SUED FOR USING WRONG SCISSORS ICON, TIME ZONE NOTATION, BULLET POINT SHAPE IN MVN It probably took a little while longer than everyone expected, but a class-action lawsuit has been filed against a collection agency for violating the Fair Debt Collection Practices Act because the Model Validation Notice it sent had the wrong scissors … The post Daily Digest – April 1.

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Fair Debt Collection Collection Agencies Collections Agency Collections 246

Account Recovery

APRIL 1, 2022

It probably took a little while longer than everyone expected, but a class-action lawsuit has been filed against a collection agency for violating the Fair Debt Collection Practices Act because the Model Validation Notice it sent had the wrong scissors icon on it, among other issues. A copy of the lawsuit in the case of … The post Collector Sued for Using Wrong Scissors Icon, Time Zone Notation, Bullet Point Shape on MVN appeared first on AccountsRecovery.net.

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Fair Debt Collection Collection Agencies Collections Agency Collections 246

Better Credit Blog

APRIL 1, 2022

Bankruptcy can be scary, but it’s important that you arm yourself with as much information as possible to navigate the process. In this article, we’ll walk you through some of the most commonly asked questions about bankruptcy, how it can affect your credit score, and how to get a bankruptcy removed. Skip to DIY Steps. Is it Even Possible to Get a Bankruptcy Removed From Your Credit Report?

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Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Credit Bureau 95

Account Recovery

APRIL 1, 2022

Looking to solve the problem of not having enough collectors while also trying to help consumers pay off their debts, one collection agency is getting creative, allowing consumers — after receiving some training — to make collection calls as a means of working off their debts. The man behind the idea is Jack Pott, President … The post Agency Letting Consumers Work Off Debts by Making Collection Calls appeared first on AccountsRecovery.net.

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Collections Collection Agencies Collections Agency 242

Nerd Wallet

APRIL 1, 2022

Sure, you want to feel joy and love upon receiving a wedding invitation. But one little postcard or email can also pack loads of pricey pressure. Perhaps you must secure travel and lodging, buy gifts and attire, or call off work. Or maybe you have the honor — and extra expense — of being in. Laura McMullen writes for NerdWallet. Email: lmcmullen@nerdwallet.com.

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Collections

Better Credit Blog

APRIL 1, 2022

A good credit score allows you to get better rates on car or mortgage loans just to name a few. If you fall into hard times, the inability to pay off your credit card bills or student loans can result in your debts being transferred to a debt collection agency. Transworld Systems, Inc (TSI) is a well-known debt collection agency in the United States that works with individuals, large companies, and organizations to assist them in debt recovery and past due accounts.

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Collection Agencies Collections Agency Garnishment Fair Debt Collection 77

Nerd Wallet

APRIL 1, 2022

What is VIX? VIX is the ticker symbol for the Cboe Volatility Index, which is widely used by investors to anticipate future market volatility. Sometimes referred to as the “fear index,” VIX is a reflection of investor uncertainty and expected future price fluctuations across the broader financial market. The VIX index was introduced in 1993. Connor Emmert writes for NerdWallet.

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Better Credit Blog

APRIL 1, 2022

Rocket Mortgage Company is a subsidiary of one of the country’s largest lenders — Quicken Loans. In fact, Quicken Loans is now considered to be the largest retail mortgage lenders in the United States. The company opened Rocket Mortgage in 2016 to tap into the online-only mortgage process space. Their status as a convenient online mortgage lender has helped them become one of the most popular mortgage providers in the industry.

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Lender Loans Financial Institution Retail 76

Nerd Wallet

APRIL 1, 2022

Easy account sign-ups, no monthly fees and high savings rates? Neobanks such as Chime and Current offer these features while many traditional banks don’t. Neobanks are financial tech companies that usually partner with banks to offer digital-only accounts. They’ve been around for a little over a decade only, but they’re gaining traction. About 1 in.

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Banks 86

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?

Banks

Better Credit Blog

APRIL 1, 2022

When you stop making payments on an auto loan, the lender will take the vehicle back. In lending terms, this is called repossession. Read on to find out how to remove an invalid repossession from your credit report. A repossession could happen in two ways: You could surrender the vehicle voluntarily and retain some control over the process. The bank could send someone to reclaim the vehicle — often without notifying you in advance.

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Repossession Lender Loans Banks 76

Nerd Wallet

APRIL 1, 2022

The topic of travel insurance has never been hotter, thanks to irregular flight operations, ever-changing entry requirements and a possibility of catching the virus that shall not be named. Although trip delay and baggage loss insurance are good to have, purchasing a medical insurance policy before hitting the road can be the difference between an. Anya Kartashova writes for NerdWallet.

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Better Credit Blog

APRIL 1, 2022

LVNV Funding is a collection agency notorious for suing people whose debts they have purchased—if so, you may be wondering how to remove LVNV Funding from your credit report. If you have recently discovered an LVNV Funding collection on your credit report, or have been contacted by one of their debt collectors, keep reading to learn how to remove LVNV Funding from your credit report.

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Debt collector Fair Debt Collection Collection Agencies Collections Agency 75

Nerd Wallet

APRIL 1, 2022

Medicare Cost plans are health plans offered by private insurers that contract through the federal government. They’re attractive plans, as beneficiaries maintain their Original Medicare coverage and are able to visit out-of-network health care providers. However, they are being phased out and are available in only a handful of states. Where are Medicare Cost plans.

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Government 79

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Collections

Better Credit Blog

APRIL 1, 2022

To remove Capital One Collections from your credit report, you first need to know who currently owns the debt. In other words, has Capital One sold your unpaid credit card debt to another collection agency, or is the debt still with Capital One? You can find out who owns your Capital One debt by getting a current copy of your credit report and taking a look to see who is listed as the creditor on the entry.

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Debt collector Credit Card Debt Collections Third-party Debt Collectors 73

Nerd Wallet

APRIL 1, 2022

The next time you’re searching for a home rental, you may want to look into Airbnb Plus. Whether you’re a newbie to home-sharing services or a frequent, experienced renter, the Airbnb Plus requirements for homeowners mean that their properties are the best of the best. Airbnb Plus is a designation on the Airbnb vacation rental. Ramsey Qubein writes for NerdWallet.

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Better Credit Blog

APRIL 1, 2022

Is Credence Resource Management, LLC, contacting you about unpaid debts? Whether you’ve seen this name on your phone, in a letter, or on your credit report, you might be wondering how to proceed. The longer you avoid a debt collection agency like Credence, the more damage the agency can do to your credit score. In the guide below, we’ll walk you through some simple steps to get Credence Resource Management removed from your credit report and your recent calls list.

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Third-party Debt Collectors Collection Agencies Collections Agency Fair Debt Collection 73

Nerd Wallet

APRIL 1, 2022

A reverse transfer is a process that allows you to receive an associate degree from your former community college by applying the credits you’ve earned at a four-year college. For example, say you earn 30 credits at a community college but transfer to a four-year school before receiving an associate degree. At your four-year college, Colin Beresford writes for NerdWallet.

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Student loans Student Loans Loans 70

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.

Better Credit Blog

APRIL 1, 2022

Within your lifetime, you may have a period of financial distress. Especially in the current pandemic, COVID 19, medical bills, credit card bills, and other financial service bills may start to pile up. If you’re unable to pay your original creditor, your debt may pass to a debt recovery agency, earning a collection letter and possibly a stain on your credit report.

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Collections Fair Debt Collection Debt collector Creditors 52

Nerd Wallet

APRIL 1, 2022

Southwest Airlines flies to 103 destinations throughout the United States, including the fabulous Las Vegas. If Las Vegas is your destination and you collect Southwest Rapid Rewards, you may be wondering how to book a Southwest flight to Las Vegas on points. The process of redeeming points for award flights with Southwest is quick and. Natasha Gabrielle writes for NerdWallet.

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Collections 69

Better Credit Blog

APRIL 1, 2022

The best personal loans charge low fees and low fixed interest rates, have flexible loan amounts and terms, and have no prepayment penalties. A personal loan could let you access cash for any purpose. They’re great for credit card debt consolidation, home improvement projects, major car repairs, or any other cash-heavy project. Since personal loans are unsecured, you’ll need an excellent credit score to get the best deal.

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Personal loans Loans Lender Student loans 65

Nerd Wallet

APRIL 1, 2022

Cardano, also known as ADA cryptocurrency, is a digital asset that fashions itself as a next-generation competitor to Ethereum. Understanding Cardano Cardano tokens can be used to pay for services on the cryptocurrency’s underlying blockchain network, which is intended to eventually allow people to carry out complex transactions without the costs imposed by traditional providers.

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The experiences of every generation are characterized by their behaviors involving finances. Understanding these attitudes and using them to inform marketing messages enables community banks, regional banks and credit unions to better serve their customers. This entertaining and informative eBook will help your financial institution uncover the best practices when it comes to appealing to mass audiences.

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