Fri.Oct 08, 2021

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Judge Dismisses FDCPA Case for Lack of Standing

Account Recovery

Courts within the Seventh Circuit continue to attack the issue of standing in Fair Debt Collection Practices Act cases, this time dismissing a case because a plaintiff was confused about the amount that was owed after receiving a collection letter, because the plaintiff never made any attempt to pay the debt, and that decision to … The post Judge Dismisses FDCPA Case for Lack of Standing appeared first on AccountsRecovery.net.

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Call Scripts for Successful A/R & Collections Specialists

Enterprise Recovery

When your business needs to make a call to get invoices paid, make sure your accounts receivable and collections specialists are using the right language and abilities. Successful calls are handled by skilled collections specialists with the qualities of persistence, confidence, great listening skills, and training. When emails aren't bringing those late payments current, these call script examples may help.

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FTC Sends $800k to Consumers Victimized in Bogus Collection Scam

Account Recovery

The Federal Trade Commission announced yesterday that it is returning nearly $800,000 to consumers who were victimized by Hylan Asset Management and its owners, which collected $24 million during the four years it was allegedly buying and selling fake debt portfolios. The defendants surrendered assets and funds to the FTC and agreed to be permanently … The post FTC Sends $800k to Consumers Victimized in Bogus Collection Scam appeared first on AccountsRecovery.net.

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7 Ways to Make More Confident COVID-Era Business Decisions

Nerd Wallet

Running a business is inherently stressful. But labor shortages, vaccine protocols and shifts to remote work may be taking that stress to new heights — especially for small-business owners managing these complexities in their workplaces. Here are some ways two experts say small-business owners can ease that COVID-era decision-making anxiety. 1. Be consistent and document.

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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

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.

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Another Benefit for Collectors to Promote When Working Medical Debts

Account Recovery

After publishing research showing the amount of unpaid medical debt is significantly higher than previously thought, an economics professor at Stanford has continued to analyze his data and has reached another conclusion — the financial burden of medical debt is keeping individuals from going back to see their doctors, which is leading to more health … The post Another Benefit for Collectors to Promote When Working Medical Debts appeared first on AccountsRecovery.net.

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Daily Digest – October 8. Judge Dismisses FDCPA Case for Lack of Standing; FTC Sends $800k to Victims of Collection Scam

Account Recovery

JUDGE DISMISSES FDCPA CASE FOR LACK OF STANDING Courts within the Seventh Circuit continue to attack the issue of standing in Fair Debt Collection Practices Act cases, this time dismissing a case because a plaintiff was confused about the amount that was owed after receiving a collection letter, because the plaintiff never made any attempt … The post Daily Digest – October 8.

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Stripe vs. Shopify: Which Is Right for Your Business?

Nerd Wallet

Stripe and Shopify are both popular tools for online businesses, but the products are inherently different. Stripe is a payment service provider that allows small businesses to accept and process payments online. Shopify, on the other hand, is first and foremost an e-commerce platform. Shopify gives you the ability to create, customize and manage an.

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AGs File Complaint Against Slower Mail Delivery

Account Recovery

Companies in the accounts receivable management industry may have found an unlikely ally — Democratic state Attorneys General — who have filed a formal complaint seeking to order the U.S. Postal Service to obtain an advisory opinion on a plan from the Postmaster General to overhaul the service, including slower delivery of the mail. A … The post AGs File Complaint Against Slower Mail Delivery appeared first on AccountsRecovery.net.

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When to Exercise Your Stock Options

Nerd Wallet

It’s always great to have options. But when it comes to your employee stock options, weighing so many variables can make it challenging to pinpoint the most opportune time to exercise and reap your financial reward. What are stock options? There are two types of stock options: exchange-traded options and employee stock options. Here, we’re. Tiffany Lam-Balfour writes for NerdWallet.

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When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

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.

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How to Find Cheap DUI Car Insurance

Nerd Wallet

Getting a DUI makes it harder to find car insurance and raises your rates by 96% on average, according to a NerdWallet analysis. Although finding cheap auto insurance after a DUI may seem impossible, shopping around is the trick. Progressive is the cheapest car insurance company on average if you’ve had a recent DUI, out of. Kayda Norman writes for NerdWallet.

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Car Insurance Discounts: Your Guide to Getting the Best Price

Nerd Wallet

Car insurance can be expensive, but there are ways you can cut down on your monthly premium by finding a discount. The best car insurance companies offer discounts for a variety of reasons, including owning a home, getting good grades if you’re in high school or college and driving safely. Common auto insurance discounts. Kayda Norman writes for NerdWallet.

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Is a Southwest Credit Card Worth It?

Nerd Wallet

Southwest Airlines is one of the most popular domestic airlines in the U.S. — and for good reason. Travelers get two checked bags for free and can cancel or change tickets at any time without incurring fees. If you’re going to fly Southwest on a regular basis, you might be asking yourself, “Is the Southwest. Lee Huffman writes for NerdWallet. Email: travel@nerdwallet.com.

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The Top 10 Largest Auto Insurance Companies

Nerd Wallet

Hundreds of companies sell car insurance, but can you name the country’s largest auto insurance companies off the top of your head? If Allstate, Geico, Progressive and State Farm come to mind first, that makes sense: Together, these four companies make up over half of the personal auto insurance market in the U.S. » MORE: Car. Lisa Green writes for NerdWallet.

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ERM Program Fundamentals for Success in the Banking Industry

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?

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Can You Negotiate a Car Lease Buyout Price?

Nerd Wallet

In most cases, you can’t negotiate the buyout price at the end of your car lease. At the beginning of your car lease, the leasing company estimates the car’s residual value, or what the car will be worth at the lease’s end. Based on that valuation, your buyout cost is specified in the lease agreement. Shannon Bradley writes for NerdWallet. Email: sbradley@nerdwallet.com.

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Low-Income Loans: How to Get a Personal Loan With Low Income

Nerd Wallet

It’s not impossible to get a personal loan if you have low income. While many lenders have minimum income requirements, others care more that you have steady income versus a particular amount. Still, even if you qualify for a personal loan with low income, carefully consider taking on debt if the monthly payments strain your. Chanell Alexander writes for NerdWallet.

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Do You Need U-Haul Insurance?

Nerd Wallet

Moving is stressful — and expensive — even when everything goes as planned. If you get into an accident with your rented moving van or trailer, not only could your stuff be damaged, but you could also be on the hook for repairs to the rental vehicle. Like rental car companies, services like U-Haul encourage customers to buy. Alice Holbrook writes for NerdWallet.