Fri.Nov 17, 2023

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6 questions a business might ask before hiring a debt collection agency

American Profit Recovery

When you’re in the process of hiring a debt collection agency for your organization, there are no doubt many questions on your mind. Hiring a new agency for your business can be a big step because of the important role they play in the overall health of your business. Generally speaking, many businesses are concerned with how effective their debt collection efforts will be, how their customers will be treated, the protection of data and if the agency has a level of proficiency within their

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Daily Digest – November 17. Collector Accused of Not Adding Collection Fee, Not Noting Dispute; Judge Grants MTD in FDCPA Case With Laundry List of Claims

Account Recovery

Collector Accused of Not Adding Collection Fee, Not Noting Dispute Judge Grants MTD in FDCPA Case With Laundry List of Claims Navigating Financial Health in Healthcare: Top 5 Revenue Cycle KPIs CFPB Releases Report on FDCPA WORTH NOTING: Something we have all been wondering — which chainsaw is the best?

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Directors Personal guarantee usage on the rise says research

UK debt collections

Latest research is suggesting that the use of a Directors personal guarantee is on the rise in the UK. There has been a rise in The difficulty small business owners are experiencing accessing funding without having to sign a Directors personal guarantee has become clear according new analysis by Purbeck Insurance. The company say that October 2023 saw the largest number of small business owners ever recorded, taking insurance to mitigate the risk of signing a Directors personal guarantee as a co

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Judge Grants MTD in FDCPA Case With Laundry List of Claims

Account Recovery

A plaintiff has learned that more is not always better when it comes to making accusations against a debt collector for violating the Fair Debt Collection Practices Act.

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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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5 Reasons to Partner With a Commercial Debt Collection Agency to Handle Your Collections

Direct Recovery

Operating a small business can be overwhelming, even on the best days. Unfortunately, the best days have been few and far between for most businesses across the country over these past few years. Between economic fears limiting consumer spending and rising costs leading to shrinking margins, almost everyone feels the pinch today. That means every little thing you might do to save money, time, and effort could be significant, and removing the task of managing your collections accounts from your p

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Understand how the CFPB’s Debt Collection Rule impacts you

Collection Industry News

If you have a debt in collection, it’s often a challenging time. You may be having a difficult time financially and that can be frightening. And if a debt collector contacts you about your debts, you may have concerns about whether the debt collector is legitimate, whether the debt is yours, or if the amount the collector is seeking to collect is accurate.

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CFPB Releases Report on FDCPA

Account Recovery

Let’s say I hire you to paint my house. I give you my address, tell you what color and finish of paint I want, and I tell you that you will get paid when the job is done. You follow my instructions to the letter.

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Utilising the power of credit management software: A beginner’s guide

On Guard

In the fast-paced landscape of today’s business world, credit management software is emerging as the cornerstone for organisational success. As some forward-thinking companies embrace automation to streamline processes and enhance customer service, others are still navigating the uncharted waters of manual credit management processes. If your organisation falls into the latter category, don’t fret!

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Navigating Financial Health in Healthcare: Top 5 Revenue Cycle KPIs

Account Recovery

In the evolving landscape of healthcare, financial health is paramount. For healthcare organizations, maintaining a balance between high-quality care and cost efficiency is crucial. This balance is not only central to value-based care but also to consumer expectations. Understanding and improving financial performance hinges on key performance indicators (KPIs) within the healthcare revenue cycle.

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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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Why Credit Congress Is a Worthwhile Investment

NACM

?️ On today's episode of NACM's Extra Credit podcast. By attending Credit Congress, you and your colleagues will have the chance to not only grow in your careers but contribute to your company's overall financial success. Once you decide that Credit Congress is for you, it's time to convince senior management of the same by building a comp.

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