FFGN COLLECT NY

AUGUST 6, 2023

Most clients look for low or no-fee debt collection and don’t want to go out of pocket to collect bad debt. However, this can conflict with the terms of the clients’ agreement also known as contract carve-outs. Many contracts contain a clause that provides for mediation and/or arbitration in the event of a dispute. In order to avoid going out of pocket to pursue bad debt, the contract will provide an exception, or better known, a carve-out, for fee disputes.

Collections 52

Collections Debtor 52

NCBA Law Practice Management Blog

AUGUST 6, 2023

Lawyers love marketing to other lawyers, because there’s nothing like speaking a dead language, like Latin, in the modern world , and accompanying the dialogue with a firm handshake. And, even when attorneys market online, they tend to stay in place – hanging with their fellow attorneys on LinkedIn, sticking to #lawtwitter. But, there’s a whole separate world of other humans out there, who have no idea what sua sponte even means; and, guess what: they need someone to refer legal cases to , too –

Law Firms 52

Law Firms Lawyers Creditors 52

Collection Industry News

AUGUST 6, 2023

Federal student loan borrowers have had a break from paying back their student loans for over three years now. Though the forbearance may have given them breathing room, helped them add to their savings or pay down other debts, inflation creeping up throughout 2022 undermined a lot of that progress. Over 50% of borrowers added debt on regular credit cards during the student loan payment pause and another 31% racked up balances on retail cards, a recent TransUnion analysis found.

Student loans 40

Student loans Student Loans Credit Card Debt Loans 40