Mon.Aug 24, 2020

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How to Pay Collections

Credit Corp

Two of the most common are coming up with enough money to pay off the debt and negotiating a payment plan or settlement you can afford. Do not make any payments or acknowledge ownership of the debt without first making sure you owe the debt and that it’s still within the statute of limitations for your state. Verify the Debt.

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TrueAccord discusses COVID-19 and collections

True Accord

as well as payments. In addition to a higher level of engagement with debt, there was a substantial increase in lump sum payments in late April and early May. And those consumers who did create new payment arrangements opted for longer plans with lower payments. For this reason, flexibility was key during this time.

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Mobile to the Max

Fico Collections

Welcome to another instalment of “Confessions of a Payments Professional.” Mobile banking and payments activity has surged globally since March 2020, driven by factors including temporary bank branch closures and a rise in contactless payments. Since then, I’ve deposited nearly a dozen checks using this nifty capability.

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Need to Know About Debt Negotiation and Settlement?

Sawin & Shea

Debt negotiation means your creditor has agreed to accept less than the full amount of your debt as payment– it also means debt collectors can’t harass you for your payments. It can help if a person is not eligible for a Chapter 7 for whatever reason. How Does Debt Negotiation Work? What do you need to keep in mind though?

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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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Liability Insurance Proceeds and Coverage Considerations When Insureds File for Bankruptcy

Burr Forman

vi] Deductible provisions generally set a sum that the insured is responsible for reimbursing the insurer, while self-insured retention provisions typically require full payment of a retention amount before the insurer’s coverage obligations are even triggered. This outcome is especially likely in the case of deductible obligations. [vi]

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Colorado Attorney General Announces Landmark Settlement in True Lender Litigation Actions

Troutman Sanders

To the extent that a program offers “supervised loans” under Colorado law and a platform takes an assignment of such loans from a bank and directly collects payment on those loans, the online lending platform must obtain a license to service the loan from the Colorado UCCC Administrator. The settlement provides that no loans may exceed 36%.

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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