Tue.Mar 23, 2021

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Car Payments and Car Repossession

Sawin & Shea

Are you behind on car payments? It halts collection efforts and gives you the opportunity to reorganize your debts, including vehicle payments, preventing the loan company from taking your car. As you can see, it’s more important than ever to contact a bankruptcy attorney immediately if you’re getting behind on car payments.

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CFPB Alleges Third-Party Payment Processor Ignored Merchant Fraud

Troutman Sanders

On March 3, the Consumer Financial Protection Bureau (CFPB) filed a complaint in the Northern District of Illinois against a third-party payment processor, BrightSpeed Solutions, Inc., BrightSpeed processed remotely created check payments (RCCs) for entities that telemarketed antivirus software and technical support services.

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Judge Dismisses FDCPA Case About Letters to Collect on Discharged Debt For Lack of Standing

Account Recovery

A District Court judge has ruled that a plaintiff does not have standing to sue a collector that sent two collection letters seeking to collect on a debt that had been discharged in bankruptcy in which the letters indicated that the collector would update “credit data it may have” already submitted in exchange for payment.

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How a Car Loan Can Increase Your Credit

Credit Corp

All of the following are reported to the credit bureaus of choice from your vehicle lender: Original Loan Amount Type Of Loan (Installment Loan) Monthly Payment Payment History (On-Time / Late Payments) Current Loan Amount. Accounts have different monthly payments based on the current balance that is on the card or account.

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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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The 2021 Tax Deadline Is May 17—Here’s What You Need to Know

Credit Corp

What About Quarterly Estimated Tax Payments? That means you’ll have to make quarterly estimated tax payments this year. Unfortunately, this tax deadline does not apply to estimated tax payments. According to the IRS website, here are the deadlines: If your payment period was January 1 – March 31 , your tax deadline is April 15.

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Outsourcing Your Revenue Cycle Management? Ask These Questions.

Credit Management Company

Do you continue to devote time and resources internally to obtaining payments or do you hire a vendor? Talking to patients about payment issues requires a friendly and empathetic tone of voice. You have two goals: receiving payment for current services and maintaining that patient for the future.

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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