Top Creditor Collections Today Collections Original Creditor Content for Tue.Oct 20, 2020

Creating a Startup Budget for Success

Payment Savvy

OCTOBER 20, 2020

A major hurdle for some high-risk businesses is obtaining a way to accept electronic payments from customers. Since 2010, Payment Savvy has cultivated strong relationships to quickly and easily get startup businesses up and running with an advanced payment platform.

Startups

Startups Collections

UK Credit Report: Early-Stage Delinquencies Rise

Fico Collections

OCTOBER 20, 2020

Although early-stage delinquency rates (missed one or two payments) remain below 2019 levels, the uplift seen in July in consumers missing one payment continued in August and has meant a segment of accounts rolling straight into two missed payments. Monthly payments continue to increase. percent higher than a year ago.

Lender

Lender Banks

UK Losses to APP Scams Are Surging — What Can Banks Do?

Fico Collections

OCTOBER 20, 2020

The UK is home to the most sophisticated Authorized Push Payment (APP) scams in the world. The short answer is that instant, irrevocable payments are very attractive to criminals, who are further emboldened by the UK’s Contingent Reimbursement Model (CRM) Code , enacted in May 2019, which requires banks to support APP scam victims.

Banks

Banks Education

UK Credit Report: Early-Stage Delinquencies Rise

Fico Collections

OCTOBER 20, 2020

Although early-stage delinquency rates (missed one or two payments) remain below 2019 levels, the uplift seen in July in consumers missing one payment continued in August and has meant a segment of accounts rolling straight into two missed payments. Monthly payments continue to increase. percent higher than a year ago.

Lender

Lender Banks

10 Ways to Improve Payment Collections with Salesforce

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.

Collections

Capital One Journey Student Card Adds Streaming Credit for New Cardholders

Nerd Wallet

OCTOBER 20, 2020

21, 2020, the card will offer: A $60 credit for new cardholders: After the first on-time payment, you’ll will receive a $5 statement credit each month for. New cardholders approved for the Journey® Student Rewards from Capital One® will soon be able to earn a statement credit on qualifying streaming services for their study-session playlists.

UK Losses to APP Scams Are Surging — What Can Banks Do?

Fico Collections

OCTOBER 20, 2020

The UK is home to the most sophisticated Authorized Push Payment (APP) scams in the world. The short answer is that instant, irrevocable payments are very attractive to criminals, who are further emboldened by the UK’s Contingent Reimbursement Model (CRM) Code , enacted in May 2019, which requires banks to support APP scam victims.

Banks

Banks Education

A Debt Collection Compliance Minefield: Call Baiting

PDC Flow

OCTOBER 20, 2020

While agents hesitate to let consumers off the phone before payment, remember it’s better to stop a call baiting situation before your collectors make a mistake. Because the answer may be considered misleading, it’s better to avoid giving one, instead driving the conversation back to the payment in question. 2) Unanswerable questions.

Collections

Collections Debt collector Collection Agencies Collections Agency

Fox News: New Mexico Bankruptcy Court Reaffirms Committee Eligibility for Derivative Standing Despite Contrary Tenth Circuit B.A.P. Precedent

PBWT

OCTOBER 20, 2020

Whatever the validity of that practice, it has no analogous application here, since petitioner did not ask the trustee to pursue payment under § 506(c) and did not seek permission from the Bankruptcy Court to take such action in the trustee's stead. mention only the trustee. ”). [3] 3] See Decision, at n.8 at *10-11. [5]

Bankruptcy

Bankruptcy Debtor Unsecured Creditor Creditors

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

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.

Collections