Wed.Jan 06, 2021

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Top 5 Debt Collection Posts for 2020: Pandemic Perspectives

Fico Collections

Fortunately, our bloggers stepped up with timely analyses of the challenges facing lenders in an era of payment holidays, furloughs and higher unemployment. Without much of the above, these customers will end payment holiday periods as low-risk customers. Here were the five most popular posts in this category last year: #1.

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Merchant Cash Advance Calculator: Find the True Cost of an MCA

Nerd Wallet

Instead of making monthly installment payments over a set period of time, you make daily or weekly payments, plus fees, until the merchant cash advance is paid in full. A merchant cash advance is not a small-business loan; rather, it’s a cash advance in exchange for a cut of your future business sales. MCAs often.

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Context Matters: Court Grants Summary Judgment for Defendant and Emphasizes that Entire Tradeline Must be Analyzed in FCRA Claims

Troutman Sanders

In 2013, Ellis obligated herself to making two hundred and fifteen-dollar monthly payments for twenty-four months under a Retail Installment Contract/Security Agreement with Farmers. Salinas, of the United States District Court for the Northern District of Georgia, granted summary judgment for Warehouse Home Furnishings Distributors, Inc.,

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The Digest: January 2021

True Accord

Unsurprisingly, the Buy Now, Pay Later boom and the meteoric rise of neobank Chime and payments startup Stripe were noted as standout events in the world of fintech this year. • If you’d rather look forward than back, we recommend checking out Tearsheet’s expert panel on what banking will look like in 2021. . •

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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.

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What is BRKSB/CBNA on My Credit Report?

Better Credit Blog

Moreover, an app like Experian Boost can help you improve your score by reporting timely payments on bills. Poor payment history. These apps can help you keep track of changes to your credit score and report. For example, they would notify you of suspected fraud and new entries. Call in the Experts. Charge-offs. Collections.

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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.

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Everything You Need to Know About Crypto

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