UK debt collections

NOVEMBER 3, 2021

A shocking survey has revealed that 32% of businesses are spending up to 75% on late payment issues. Shockingly almost a quarter spent even more time chasing late payments at 76%+. It was also a similar scenario in Banking and Finance as 48% spent more than half of their time chasing late payments.

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Payment Savvy

NOVEMBER 3, 2021

Payment trends are a powerful signal of how businesses and consumers respond to fundamental global changes in technology, demographics, policy, and the economy. Payments have become not only digitalized but global on scales we’ve never seen before. As we wrap up 2021, here are three payment trends to watch: AI.

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Account Recovery

NOVEMBER 3, 2021

Consumers that live in neighborhoods where the majority of individuals are African-American or Hispanic, or who are delinquent on their payments, or who are younger, or who have lower credit scores are the individuals who are most likely to dispute items on their credit reports, according to an analysis conducted and released by the Consumer … (..)

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Credit Corp

NOVEMBER 3, 2021

However, credit card issuers want to check your credit and payment history before they approve you for a card. If you have zero credit, regular credit cards may not approve you for credit cards because they want to see your payment history first. Simply build your credit history by using and paying the card payments.

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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.

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Better Credit Blog

NOVEMBER 3, 2021

Depending on your priorities, bringing the interest rate down can help you accomplish a variety of goals: Reduce the size of your monthly mortgage payments. Switching from one to the other could be a way to decrease your interest payments. The payments on an ARM, however, are periodically adjusted to remain in line with interest rates.

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Sawin & Shea

NOVEMBER 3, 2021

These payments made to some creditors over others can be considered preferential payments in bankruptcy cases. Bankruptcy Code on Preferential Payments. The code more specifically defines preferential payments to a non-insider as: payments made to a single creditor on a debt that existed prior to the time the payment was made.

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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.

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Speaker: Ryan McInerny, CAMS, FRM, MSBA - Principal, Product Strategy

May 18th, 2023 at 9:30 am PDT, 12:30 pm EDT, 5:30 pm BST

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