Fri.Apr 09, 2021

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I, For One, Welcome Our Robot Overlords

Account Recovery

The COVID-19 pandemic has accelerated the shift to more automation in the call center world, and technology is allowing chatbots and other artificial intelligence tools to develop empathy, which is leading some to predict the displacement of hundreds of thousands of call center representatives in the coming years, according to a published report. While the … The post I, For One, Welcome Our Robot Overlords appeared first on AccountsRecovery.net.

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Are Your Client Payments Still Affected by the COVID-19 Pandemic?

Enterprise Recovery

Over the course of 2020, businesses had to make adjustments to survive. For some, it was a matter of moving employees to remote work or pivoting to a new business strategy. For others, the effect of COVID-19 meant halting plans, shutting down, or laying off employees. Manufacturers were unable to move products due to global supply chain challenges and small-to-medium businesses faced delayed payments.

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WSJ Calls Out Collector For Filing More Lawsuits During Pandemic

Account Recovery

The Wall Street Journal has called out a collector for filing more lawsuits during the pandemic than before, saying the firm has “cemented its reputation as a maverick” in the accounts receivable management industry, because most of the company’s competitors filed fewer lawsuits once the pandemic hit. The collector – Sherman Financial Group – filed … The post WSJ Calls Out Collector For Filing More Lawsuits During Pandemic appeared first on AccountsRecovery.ne

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Debt collection ensures proper access to consumer credit

American Profit Recovery

The debt collection industry is a necessary component of the US economy. Professional collectors provide a critical service to both small businesses as well as nationwide organizations in helping them secure late payments from customers. Without third-party assistance to secure back payments, many organizations would struggle on several levels. While many consumers are not thrilled to be on the receiving end of a communication for late payment, what is important to understand is that completing

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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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Daily Digest – April 9. Judge Partially Grants MTD in Class-Action; Bill Introduced to Forgive Healthcare Workers’ Student Loans

Account Recovery

JUDGE PARTIALLY GRANTS MTD IN FDCPA CLASS-ACTION, CALLS OUT COLLECTORS FOR NOT BEING CLEAR ENOUGH IN LETTERS A District Court judge in New Jersey has granted a defendant’s motion to dismiss on two claims that it violated the Fair Debt Collection Practices Act, but denied the motion related to the other claims, while also sharing … The post Daily Digest – April 9.

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Judge Partially Grants MTD in FDCPA Class-Action, Calls Out Collectors For Not Being Clear Enough in Letters

Account Recovery

A District Court judge in New Jersey has granted a defendant’s motion to dismiss on two claims that it violated the Fair Debt Collection Practices Act, but denied the motion related to the other claims, while also sharing his displeasure at how collectors have induced “endless litigation” because of how they choose to word the … The post Judge Partially Grants MTD in FDCPA Class-Action, Calls Out Collectors For Not Being Clear Enough in Letters appeared first on AccountsR

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14 Business Startup Costs Business Owners Need to Know

Nerd Wallet

Deciding to start a business is exciting, but can also be daunting if you’re a new entrepreneur. Calculating business startup costs, worrying about long-term profitability, securing startup funding—it can all be pretty stressful. 14 common small business startup costs Equipment: $10,000 to $125,000 Incorporation fees: Under $300 Office space: $100 to $1,000 per employee per.

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The Debt Snowball Method: 6 INTELLIGENT Ways to Get Started

Credit Corp

This post originally appeared on The Financially Independent Millennial and has been republished with permission. Have you stumbled upon numerous methods of eliminating debt ? Perhaps you find yourself wondering how to get out of an out of control debt spiral. If so, the debt snowball method could be a simple way to pay down debt. While there are many ways to do this, the snowball method is one of the very best and easiest methods to implement.

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Want to Buy Ethereum? Here’s What to Consider

Nerd Wallet

Ethereum, which is second only to Bitcoin in terms of global market capitalization, has seen its share of surges and crashes since its launch in 2015. But the cryptocurrency has been turning heads recently amid a rush of interest in the crypto space in general, hitting new highs in April 2021. So what is Ethereum. Chris Davis writes for NerdWallet. Email: cdavis@nerdwallet.com.

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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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Post-Judgment Collection Practices for When Your Debtor Won’t Pay Up

Collections Law

You’ve won your case in court, and your debtor needs to make the necessary payments to resolve the outstanding debt. In theory, it should be as simple as collecting the monies owed to you and being on your way. But it rarely is that easy. Very often your initial attorney who obviously excels at winning the case for you does not know the ins and outs of debt recovery or post-judgment collection.

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Reboot Your Budget to Prepare for Reopening

Nerd Wallet

Picture cruising your car deep into 2021 and never glancing in the rearview mirror. Vaccines, travel and a hope of normalcy are finally on the horizon. With so much to look forward to in the future, it’s understandable to not want to look back. But returning to typical day-to-day life will be a transition. And. Courtney Jespersen writes for NerdWallet.

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Post-Judgment Collection Practices for When Your Debtor Won’t Pay Up

Collections Law

You’ve won your case in court, and your debtor needs to make the necessary payments to resolve the outstanding debt. In theory, it should be as simple as collecting the monies owed to you and being on your way. But it rarely is that easy. Very often your initial attorney who obviously excels at winning the case for you does not know the ins and outs of debt recovery or post-judgment collection.

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What to Know Before Flying Delta Air Lines With Pet Cargo

Nerd Wallet

Delta Air Lines passengers who plan on flying with pets have a few options, depending on their animal’s size and species and their destination. If your furry companion requires a pet carrier size that won’t fit under the plane seat in front of you, one alternative is Delta Air Lines pet cargo. Before shipping your. Jennifer Calonia writes for 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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Bill Introduced to Forgive Student Loan Debts for Frontline Healthcare Workers

Account Recovery

A bill has been introduced in the House of Representatives that seeks to cancel any outstanding student loan debt for frontline healthcare workers. The bill, H.R. 2418, called the Student Loan Forgiveness for Frontline Health Workers Act, was introduced yesterday by Rep. Carolyn Maloney [D-N.Y.]. The bill includes 23 cosponsors, all of them Democrats.

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The Guide to Priority Pass Lounges at PDX

Nerd Wallet

Portland International Airport (PDX) in Oregon is home to many attractive airport lounges, including four Priority Pass locations. On its club list are a Delta Sky Club and United Club, but these are restricted to passengers with eligible access. That’s why credit cards that come with Priority Pass Select access can be the golden ticket for. Ramsey Qubein writes for NerdWallet.

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National Association of Consumer Advocates Review: Student Loan Help

Nerd Wallet

To help student loan borrowers avoid scams, NerdWallet is rounding up information on legitimate sources of help, like this one. Organization: National Association of Consumer Advocates Mission statement: The National Association of Consumer Advocates is a nationwide membership organization of more than 1,500 attorneys who represent hundreds of thousands of consumers victimized by fraudulent, abusive.

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RV Loan Calculator: See Your Monthly RV Loan Payments

Nerd Wallet

An RV loan calculator can show you what your monthly payments on an RV loan may be, as well as how much you’ll pay in total interest. Use this RV loan calculator to estimate the cost of financing a new motorhome, camper or caravan. Enter the loan amount, how long you need to repay the. Annie Millerbernd writes for NerdWallet. Email: amillerbernd@nerdwallet.com.

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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.