Fri.Sep 06, 2024

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Startup Cash Flow Management Tips for Early Success

Enterprise Recovery

Cash flow basics are important for startup leaders to ensure financial stability and growth. Positive cash flow indicates more money is coming into the business than going out, while negative cash flow suggests the opposite. Leadership should regularly monitor cash flow statements to identify trends, potential shortfalls, and opportunities for improvement.

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Suit Accuses Collector of Reporting Wrong Condition Code on Disputed Debt

Account Recovery

EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more? Call (855) WEB-RECON or email admin@webrecon.net today!

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Council’s ineffective Debt Recovery leading to increased Bailiff usage

UK debt collections

A debt advice charity has urged Warrington Borough Council to improve debt recovery methods after bailiffs were instructed 6,432 times in a year. New findings following a Freedom of Information Request revealed Warrington Borough Council sent 6,432 debts to bailiffs in 2022/23 – although the council says this was due to a backlog after suspending debt recovery for a three-year period during the pandemic.

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Judge Dismisses 2 of 3 Claims in FDCPA Suit Over HOA Debt

Account Recovery

A District Court judge in Missouri has partially dismissed a Fair Debt Collection Practices Act lawsuit against a collection attorney, leaving only one claim to proceed while dismissing others. The background: The case stems from a debt collection action related to unpaid homeowner association dues. The plaintiff owed $234 in fees to an HOA for a property in Missouri.

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4 Things Great Companies Do to Improve Cash Flow

Speaker: Don Gallianza, Credit Manager at Chevron Phillips Chemical and Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

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What happens if you don’t pay your student loans?

Collection Industry News

Student loan payments are due in October for the first time in three-plus years – but for the next 12 months, borrowers will be able to skip payments without facing the harsh financial consequences of defaulting on their loans. The Biden administration is providing what it’s called an “on-ramp period” until September 30, 2024. During that time, a borrower won’t be reported as being in default to the national credit rating agencies, which can damage a person’s credit score.

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Sedric AI Raises $18.5M to Help Expand Company

Account Recovery

Sedric AI, a fast-growing player in the AI-driven compliance space for financial institutions, has raised $18.5 million in its latest funding round, marking a significant milestone for the company. The Series A round, led by Foundation Capital with backing from Amex Ventures, StageOne Ventures, and The Garage, brings Sedric’s total capital raised to $22 million.

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Daily Digest – September 6. Suit Accuses Collector of Reporting Wrong Condition Code on Disputed Debt; CFPB Releases Annual Report on Debt Collection

Account Recovery

Suit Accuses Collector of Reporting Wrong Condition Code on Disputed Debt Judge Dismisses 2 of 3 Claims in FDCPA Suit Over HOA Debt Sedric AI Raises $18.5M to Help Expand Company CFPB Releases Annual Report on Debt Collection WORTH NOTING: How humpback whales use bubbles to make their own kinds of fishing nets … Maybe take a few minutes this weekend and go through your change jar … Why companies are worried about having so many members of Generation Z in the workplace … The mos