payment 
Better Credit Blog
FEBRUARY 15, 2021
Collections agencies like FCO may show up on your report when you forget to pay a bill or fall behind on your payments. While you’re probably eager to stop their repetitive phone calls, don’t make a payment just yet. Based in Baltimore, Maryland, the agency collects specifically on housing debts, like outstanding rent payments.
Better Credit Blog
FEBRUARY 15, 2021
While missing a payment on one of your accounts might seem like a minor offense, it can have major consequences on your credit. Individual property payments. Lenders and companies who provide you with paid services will attempt to reach you to collect payment on late accounts for a period of time. Parking tickets. Utility bills.
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Burr Forman
FEBRUARY 15, 2021
The False Claims Act allows the government to recover damages and penalties for the presentation of false claims for payment to the United States.
Burr Forman
FEBRUARY 15, 2021
If the parties involved (and their lawyers) are aware of this issue upfront, the payment of rollback taxes typically is negotiated prior to execution of the contract. In addition to consulting an accountant, your closing lawyer should be able to obtain from the County Assessor an estimate of the rollback tax payment that would be required.
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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.
Collection Industry News
FEBRUARY 15, 2021
In the area of debt collection, the CFPB observed, among other things, that some entities reported increases in consumer contacts and payments, which may have been attributable to more consumers being at home, reduced spending, and pandemic-related assistance.
Collection Industry News
FEBRUARY 15, 2021
This investigation may be our first sign of a more aggressive CFPB impacting the payments industry. Venmo also recently amended its user agreement to give itself the power to recover money its customers owe by seizing it from their other accounts at PayPal.”.
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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.
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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