Account Recovery

NOVEMBER 10, 2023

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?

264

264

Enterprise Recovery

NOVEMBER 10, 2023

Debt collections between businesses (B2B) is the recovery of overdue payments for goods or services provided to another company. Understanding the intricacies of B2B debt collections is essential for businesses to manage their cash flow effectively and maintain healthy financial relationships with their clients. Businesses of all sizes often face delayed payments, invoice disputes, and communication difficulties.

Collections 210

Collections 210

Account Recovery

NOVEMBER 10, 2023

FDCPA Suit Filed Over ‘Settlement’ Offer Made on Time-Barred Debt Judge Grants MTD in FDCPA Case Over Letter with ‘Minimum Payment’ and ‘Balance’ PRA Group Swings to Loss in 3Q, But Points to Strong Consumer Performance Going Forward Citi Fined $26M for Intentionally Denying Credit Applications from Armenian Americans WORTH NOTING: It’s satire, but it’s […]

147

147

Collections Law

NOVEMBER 10, 2023

You would think that winning a judgment in your debt collection case would be the end of your legal ordeal. But it’s usually not. Just because a court has decided that your debtor does indeed owe you money, does not always mean that your debtor is actually going to pay the money they owe you. In fact, if they haven’t paid you yet, you most likely will have other battles to fight before you see any of your money.

Judgment 52

Judgment Debtor Collections Lawyers 52

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

NOVEMBER 10, 2023

Anyone who has ever had a credit card and received a statement will know that there are two amounts that matter – the balance that is owed and the minimum payment that is due. If that is not confusing to anyone, why would a collection letter that featured the same figures be?

Collections 130

Collections 130

Account Recovery

NOVEMBER 10, 2023

There is little evidence that consumers are having a difficult time making ends meet and paying their debts, according to executives at PRA Group, which shared that insight and more during a conference call with analysts this week to discuss its third quarter financial performance. By The Numbers: The company lost $12.

130

130

NACM

NOVEMBER 10, 2023

?️ On today's episode of NACM's Extra Credit podcast. Trade creditors are the lifeblood of our economy, currently providing approximately $5.6 trillion of capital to businesses in the United States, most of which is extended on an unsecured basis. Here we explore what a world might look like without credit (hint: It is pure chaos).⭐ Hear from Er.

Trade 5

Trade Creditors 5

Account Recovery

NOVEMBER 10, 2023

The Consumer Financial Protection Bureau on Wednesday announced an enforcement action against Citibank in which the institution will pay $26 million because it discriminated against Armenian Americans by denying credit card applications in an area of the country where many Armenians lived because it thought they were criminals who were likely to commit fraud.

130

130