Account Recovery
MAY 10, 2023
During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers. This is merely meant … The post 22 Companies Seeking Collection Talent appeared first on AccountsRecovery.net.
Credit Corp
MAY 10, 2023
Though FICO® and VantageScore® ranges start at 300, most new credit users don’t start this low. In fact, if you’ve never taken out credit or applied for a loan, you might not have a credit score at all. When applying for credit cards and loans, you begin to build credit, but you may be wondering—what does your credit score start at? Most people’s initial credit scores are between 500 and 700 points, depending on the steps taken when establishing credit.
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Account Recovery
MAY 10, 2023
Where Hunstein cases are being dismissed across the country on the basis that plaintiffs do not have standing to sue because they did not suffer a concrete injury, a District Court judge in Washington has denied a defendant’s motion for judgment on the pleadings in a Fair Debt Collection Practices Act case involving a Hunstein … The post WDWA Judge Rules Plaintiff in a Hunstein Case Has Standing to Sue appeared first on AccountsRecovery.net.
Credit Corp
MAY 10, 2023
Most people know that saving money for the future is important, but it’s unclear exactly how much you should save. Some financial experts recommend saving enough to cover six months of expenses, while others urge you to save 15 percent of your income. Not to mention, the amount of savings you need widely varies by age since those nearing retirement require more savings than young people who have just entered the workforce.
Speaker: Erika R. Bales, Esq.
When we talk about “compliance and security," most companies want to ensure that steps are being taken to protect what they value most – people, data, real or personal property, intellectual property, digital assets, or any other number of other things - and it’s more important than ever that safeguards are in place. Let’s step back and focus on the idea that no matter how complicated the compliance and security regime, it should be able to be distilled down to a checklist.
Account Recovery
MAY 10, 2023
The new chief executive of PRA Group highlighted several cost-cutting initiatives during his first earnings call with analysts this week, mentioning “near-term challenges” in the company’s U.S. operations while also indicating that the company is going to be expanding its legal collection channel. The moves are being taken by the company to help turn its … The post PRA Group Reports Quarterly Loss as New CEO Lays Out Strategic Objectives appeared first on AccountsRecovery
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
MAY 10, 2023
A District Court judge in New York has denied a defendant’s motion for compassionate release from home confinement, ruling the individual did not make his case for having extraordinary and compelling reasons for the judge to grant the motion. A copy of the ruling in the case of United States v. Maurice Sessum can be … The post Judge Denies Collection Fraudster’s Bid for Compassionate Release appeared first on AccountsRecovery.net.
Credit Corp
MAY 10, 2023
Your credit score is an important aspect of your financial health and is oftentimes used by lenders, landlords, and even employers to determine your creditworthiness. It’s crucial to keep track of your credit score regularly, but many people are hesitant to check it because they’re afraid it will have a negative impact. Fortunately, there are several ways to check your credit score without hurting it, and in this article, we’ll explore some of the most effective ways to do it.
Account Recovery
MAY 10, 2023
[Grand Rapids, MI] – Collection Certifications LLC (formerly FDCPA Certifications LLC) is excited to announce the addition of collection industry compliance expert Sara Woggerman as a full partner. With more than a decade of experience in the collection industry, Sara brings extensive compliance knowledge and expertise to the company. This addition will enable Collection Certifications … The post Collection Certifications LLC: New Name, New Partner, and Exciting Changes for 2023 appe
True Accord
MAY 10, 2023
Over the past two years, revolving credit card balances have grown more than 25% and are now above $1.2 trillion. Additionally, personal savings rates are stubbornly holding near 65-year lows, and combined with higher interest rates driving higher minimum payments, consumers are obviously feeling the stress. At the same time, delinquency rates on these higher balances have increased over 45%, putting significant strain on bank credit losses.
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Account Recovery
MAY 10, 2023
WDWA JUDGE RULES PLAINTIFF IN A HUNSTEIN CASE HAS STANDING TO SUE Where Hunstein cases are being dismissed across the country on the basis that plaintiffs do not have standing to sue because they did not suffer a concrete injury, a District Court judge in Washington has denied a defendant’s motion for judgment on the pleadings in … The post Daily Digest – May 10.
UK debt collections
MAY 10, 2023
A man who smashed up a debt collector’s van and threatened staff when they came to his property has been given a community order. Stuart O’Connor, 42 and of Oswestry, pleaded guilty to two offences of criminal damage under £5,000 and using threatening/abusive words and behaviour when he appeared at Telford Magistrates’ Court yesterday. He admitted that when Lee Tetlow and Jonathon Wilkinson, debt collectors with XL Civil Enforcement Group, came to his property on April 12 this year, he use
Sawin & Shea
MAY 10, 2023
If you’ve found yourself in a precarious financial situation and overwhelmed with debt you can’t repay, bankruptcy may be your best option. You may be reluctant to declare bankruptcy because you fear it will wipe out your hard-earned retirement savings. However, in most situations, this is not the case. Defining the Most Common Types of Bankruptcy Before diving into bankruptcy’s implications for your nest egg, here is an explanation of the two most common types of bankruptcy.
Debt Collection Answers
MAY 10, 2023
Upon receiving calls and pieces of mail from a debt collection agency, a considerable number of people tend to experience panic. They feel they need help with how to respond. If you have been receiving mailers from PO Box 622001 Dallas TX, familiarizing yourself with Southwest Credit Systems may be crucial. By gaining knowledge about the company, you can make informed decisions on dealing with its debt collection efforts.
Speaker: William Hord, Senior VP of Risk & Professional Services
Enterprise Risk Management (ERM) is critical for industry growth in today’s fast-paced and ever-changing risk landscape. When building your ERM program foundation, you need to answer questions like: Do we have robust board and management support? Do we understand and articulate our bank’s risk appetite and how that impacts our business units? How are we measuring and rating our risk impact, likelihood, and controls to mitigate our risk?
Consumer Finance
MAY 10, 2023
Statement of CFPB Director Rohit Chopra on the FDIC’s Proposed Special Deposit Insurance Assessment on Large Banks
Debt Collection Answers
MAY 10, 2023
If your credit score is taking a hit because of Velocity Investment LLC, it’s likely due to an old debt resurfacing. Your creditor might enlist Velocity Investment LLC to recover funds from you once you fail to make payments on a bill or loan. Settling your debt with Velocity LLC may not necessarily improve your credit score and could potentially lower it even more.
Collection Industry News
MAY 10, 2023
As a result of actionby the Federal Trade Commission and the Commonwealth of Pennsylvania, debt collection company International Credit Recovery, Inc. (ICR), officer Richard Diorio, Jr., and manager Cynthia Powell, have agreed to a permanent banfrom the debt collection industry after being charged with engaging in bogus debt collection efforts against businesses and non-profits.
NACM
MAY 10, 2023
There are specific qualities that come to mind when it comes to leadership. Vision. Confidence. Strength. Independence. Ownership. But what makes one a leader? And what makes them memorable? That is why NACM created the Emerging Leader Award.
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