Account Recovery
JUNE 12, 2023
In a case defended by the team at Martin Lyons Watts Morgan, a state court judge in Illinois has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act case over the use of a vendor to print and mail collection letters.
Nexa Collect
JUNE 12, 2023
Reducing unpaid medical bills is a significant challenge for both healthcare providers and patients. The issue can strain healthcare systems, lead to increased costs, and negatively affect patients’ financial health. Here are some strategies that can help in reducing unpaid medical bills: Clarity and Awareness : Communicate with patients about healthcare services’ costs and the importance of health insurance.
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Account Recovery
JUNE 12, 2023
I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.
Credit Corp
JUNE 12, 2023
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. A personal loan is money borrowed from a lender that can be used for almost any purpose, from debt consolidation to home improvement projects.
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
JUNE 12, 2023
A healthcare provider called out for withholding care from patients who have unpaid medical debts has suspended its policy, saying that it will “carefully study additional ways to educate our teams about the extensive financial services available to patients experiencing financial barriers to care.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
JUNE 12, 2023
The Court of Appeals for the Eleventh Circuit has affirmed a lower court’s ruling that a furnisher performed a reasonable investigation into a consumer’s dispute, even though the charges in question were fraudulent and led to one of the consumer’s employees being charged with multiple felonies.
Credit Corp
JUNE 12, 2023
The Fannie Mae Flex Modification Program (FMP) is a mortgage assistance solution designed to relieve borrowers facing financial hardship. Are you looking to improve your mortgage management but don’t know where to start? Handling mortgage payments is challenging, especially if you’re facing economic difficulties and don’t know where or how to get financial assistance.
Account Recovery
JUNE 12, 2023
What should a collector do when he or she makes a mistake and the consumer doesn’t notice it? See all the Training Bytes videos by clicking here.
Credit Corp
JUNE 12, 2023
Not checking your credit regularly can be a critical financial mistake. You might have negative items—inaccurate or otherwise—dragging down your score. That can result in problems getting financing, service through insurance or utility companies, or even a job. And if you are able to get approved for a loan or a credit card, your interest rate and other terms could be less than desirable if your credit isn’t good enough.
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Are you finding some snags in your collections process? 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. Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.
Account Recovery
JUNE 12, 2023
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Collection Industry News
JUNE 12, 2023
Introduction: Managing debt is an essential aspect of running a business, and effective debt collection is crucial for maintaining healthy cash flow and financial stability. Implementing proper debt collection techniques can help businesses recover outstanding payments while maintaining positive relationships with clients. In this article, we will explore some effective strategies for businesses to improve their debt collection processes and increase their chances of successful debt recovery. 1.
Taurus Collect
JUNE 12, 2023
As a business owner, one of the most challenging tasks can be making sure you get paid for the goods or services you provide. If clients fail to stick to their payment plans as agreed, debt collection agencies are often needed in order to help recoup any losses incurred. Did you know that there are six different resources your debt collector will use – such as credit bureaus and databases – that allow them access to your financial history and current whereabouts?
Troutman Sanders
JUNE 12, 2023
On June 8, the Consumer Financial Protection Bureau (CFPB) announced that it had entered a consent order against medical debt collector Phoenix Financial Services for alleged violations of the Fair Credit Reporting Act (FCRA) and Fair Debt Collection Practices Act (FDCPA). According to the CFPB, Phoenix sent collection letters to consumers who had disputed the validity or accuracy of the debts without first conducting a reasonable investigation of the dispute or receiving verification of the deb
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?
Taurus Collect
JUNE 12, 2023
For business owners, one of the most dreaded aspects of running a successful company is what happens when customers fail to make timely payments. Thus, debt collection agencies are commonly utilised to ensure that funds due back to businesses don’t go unpaid. But how often do debt collection agencies take their clients’ customers to court? In this blog post, we’ll be delving into five important points that business owners should know about this unique process.
Collection Industry News
JUNE 12, 2023
Here are some effective ways to attract clients as a collection agency: 1. Networking and referrals: Build a strong professional network within the industry. Establish connections with individuals and businesses that can refer clients to your agency, such as attorneys, financial institutions, credit bureaus, or other professionals in the debt recovery field. 2.
Taurus Collect
JUNE 12, 2023
As a business owner, one of the most challenging tasks can be making sure you get paid for the goods or services you provide. If clients fail to stick to their payment plans as agreed, debt collection agencies are often needed in order to help recoup any losses incurred. Did you know that there are six different resources your debt collector will use – such as credit bureaus and databases – that allow them access to your financial history and current whereabouts?
BN Lawyers
JUNE 12, 2023
Many companies in the ARM industry have had run-ins with credit repair companies. Now the parent company for Lexington Law and CreditRepair.com has filed for bankruptcy protection. Manny Newburger and Stephen Sather will be two of the panelists discussing what this bankruptcy case means for the ARM industry in a webinar sponsored by AccountsRecovery.net.
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Discover a modern, cloud-based collection system that never takes a rest day. MeridianLink® Collect is an intuitive platform with advanced customization options developed to simplify the collections process. Here are four ways MeridianLink Collect can support your team: Omnichannel communications Compliance rules & checklists Workflows & queues One interface with supporting integrations And that’s just the start.
Consumer Finance
JUNE 12, 2023
Director Rohit Chopra's statement before the Senate Committee on Banking, Housing, and Urban Affairs
Payment Savvy
JUNE 12, 2023
Venmo, the hugely popular payment app used by millions of people around the world, has earned a reputation for convenience, ease of use, and speed, in the competitive space of digital payments. For the most part, Venmo is well regarded by consumers and merchants alike, earning a reputation as one of the leading mobile payment services around. More recently, however, there has been a rise in reports from a small percentage of users suffering from the headache-inducing issue of declined transactio
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