Fri.Mar 11, 2022

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New Report Pegs Unpaid Medical Debts at $195B

Account Recovery

About 9% of all adults in America — which represents about 23 million people — owe at least $250 in medical debt, according to the results of a report released yesterday by the Kaiser Family Foundation. In total, Americans owed $195 billion in unpaid medical debt as of 2019, according to the report, which looked … The post New Report Pegs Unpaid Medical Debts at $195B appeared first on AccountsRecovery.net.

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Spring Cleaning Finds More Cash For Your Business

Enterprise Recovery

Have you ever deep cleaned your house and found coins in the couch cushions or bills in the laundry? The same can be done for your business! With a few extra tasks, you can increase working capital and breathe a little easier for the rest of the year. Use these spring cleaning tips to find cash for your business.

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Class-Action Lawsuit Accuses Collector of Violating FDCPA By Including Credit Reporting Language in Letter

Account Recovery

A class-action lawsuit has been filed in New Jersey alleging a collector violated the Fair Debt Collection Practices Act by overshadowing the validation notice in a collection letter when it made reference to furnishing information to a credit reporting agency once the validation period expired. A copy of the complaint in the case of Bernard … The post Class-Action Lawsuit Accuses Collector of Violating FDCPA By Including Credit Reporting Language in Letter appeared first on AccountsRecove

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Can you get a personal loan after a bankruptcy?

Roths Child Law

A bankruptcy can be a good way to get your financial health back on track, but it also comes with some limitations. It may make it so it’s harder for you to get credit or loans in the future, at least for a few years. If you do need a personal loan after your Chapter 7 or Chapter 13 bankruptcy, it may be possible to get it. The length of time it will take for you to get a loan will depend on the kind of bankruptcy you chose as well as how long it has been since you went through it.

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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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FedChex Partners With CollaborationRoom.ai for its Work-From-Home Agents

Account Recovery

March 10 2022 — FedChex, a leader in providing Depository, Treasury, and Risk Management solutions for business and financial institutions, has partnered with CollaborationRoom.ai to support its work-from-home agents By using CollaborationRoom.ai’s platform, FedChex will be able to engage with its contact center agents who are working remotely, ensuring compliance and a commitment to providing the best experience … The post FedChex Partners With CollaborationRoom.ai for its Work-From-Home

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What Is A Dividend In Specie? An In-Depth Guide

Hudson Weir

You might know what a distribution in specie is, but what is a dividend in specie? Sometimes, the term ‘in specie’ causes confusion. From Latin it translates to ‘in its actual form’ and is often used interchangeably in law with ‘in kind’. What does that mean in practice though – what is a dividend in specie exactly? And what does it mean in the context of a voluntary company liquidation?

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How to Apply for a Credit Card: Questions You’ll Be Asked

Nerd Wallet

Applying for a credit card is usually pretty easy. But it helps to be aware of what information you need to provide. That way, you’ll know what to expect and can quickly learn whether you’re approved. » MORE: How to apply for a credit card so you’ll get approved What questions will I be asked. Gregory Karp writes for NerdWallet. Email: gkarp@nerdwallet.com.

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3 Ways To Spot A Scammer In Your Inbox

Arbeit Software

Whether you are already using digital channels or just thinking about it, it's never too late (or too early) to start teaching digital literacy to your team and the consumers you work with. The post 3 Ways To Spot A Scammer In Your Inbox appeared first on Arbeit -.

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Net 30: What It Means, How Businesses Use It

Nerd Wallet

“Net 30” is a shorthand term used on invoices to indicate that a customer has 30 days to pay. This simple concept connects to other areas of business operations, including customer communication and accounting. What Net 30 means An invoice contains details of a transaction like a sale date, the name of the good or. Kurt Woock writes for NerdWallet. Email: kwoock@nerdwallet.com.

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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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Federal Reserve Board Proposes Supplemental Guidelines To Evaluate Requests For Accounts and Payment Services At Federal Reserve Banks

Troutman Sanders

The Board of Governors of the Federal Reserve System (the Board) recently issued a supplemental notice and request for comment to the guidelines proposed in May 2021 for use by Federal Reserve Banks (Reserve Banks) in evaluating requests to access Federal Reserve accounts and payment services, in an effort to ensure that Reserve Banks use a transparent and consistent set of factors when reviewing such requests.

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What Is a Copay?

Nerd Wallet

A copay, or copayment, is a fixed fee you pay for a service covered by your health insurance plan. For instance, you may have a copay of $20 for a medical office visit or $10 for a generic prescription drug. Copay costs vary by plan, and not all plans use copays. Copays are generally lower. Kate Ashford writes for NerdWallet. Email: kashford@nerdwallet.com.

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What is Credit Control and its Process?

Taurus Collect

Regardless of business size, a robust credit control procedure is significant for every business. Effective credit control will enable you to obtain faster and smooth payments. It can include strategies curated by companies to accelerate their sales of products and services by offering a credit extension to potential customers or clients. Apart from promoting timely payments, credit control also assists in avoiding expensive debt collection proceedings or writing off bad debts.

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How Do Hotel Points Work?

Nerd Wallet

Have you ever wondered what it meant when you saw hotels marketing free nights and reward stays? Perhaps you’ve already signed up with a hotel rewards program for some free Wi-Fi, but you’re not really sure what other things you can do with it. Maybe you’re asking yourself, “What does it mean to earn hotel. Carissa Rawson writes for NerdWallet. Email: articles@nerdwallet.com.

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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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7 Things to Know Before Getting the Venture X Card

Nerd Wallet

Capital One’s newest card offering, the Capital One Venture X Rewards Credit Card, is a compelling option for those looking to simplify their travel. With a bevy of benefits and a massive sign-up bonus, there are plenty of reasons to pick up this card. Prior to diving in, however, here are seven things to know. Carissa Rawson writes for NerdWallet. Email: articles@nerdwallet.com.

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How Does the Chase Sapphire Reserve Travel Credit Work?

Nerd Wallet

The $300 annual travel credit is one of the key perks of the Chase Sapphire Reserve®. By taking full advantage of just this one perk, you can recoup over half of the card’s $550 annual fee. Receiving the full $300 in travel-related statement credits effectively reduces the card’s annual fee to $250 — a cost. JT Genter writes for NerdWallet. Email: travel@nerdwallet.com.

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Aetna Medicare Supplement Insurance 2022 Review

Nerd Wallet

Aetna is the third-largest health insurer in the U.S. [1]. It offers Medicare Supplement Insurance, or Medigap, in 43 states. Aetna generally offers Medigap Plan A, Plan B, Plan G and Plan N for all Medicare members, plus Plan F for those who qualify. Some states have additional options. For popular plans like Plan. Alex Rosenberg writes for NerdWallet.

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The Best Cheap Car Insurance Companies for March 2022

Nerd Wallet

You don’t need to sacrifice quality while trying to save money on car insurance. Some of the best auto insurers also offer cheap rates. Read on to see how we determined our picks for the best cheap car insurance companies. If you’re looking for other quality car insurance options (that aren’t necessarily the cheapest), check. Ben Moore writes for NerdWallet.

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You Put in a Full Work Week. Shouldn’t Your Collections Software Do the Same?

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.

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What Is the Economic Order Quantity? EOQ Definition, Formula, Calculator

Nerd Wallet

The economic order quantity, or EOQ, is the optimal number of units a business should purchase when replenishing inventory while minimizing inventory costs that could eat into profit margins. In many cases, you can incorporate the EOQ of a product into a point-of-sale system. The EOQ formula is one of several inventory calculations that small. Benjamin Din writes for NerdWallet.

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Ready to Spend Like a College Graduate?

Nerd Wallet

In just a couple of months, a new cohort of college graduates will leave behind their careers as students and start new ones as entry-level workers. And for many — regardless of age — that change brings a whole new financial landscape to navigate. Gabby DelMonaco, a financial planning assistant in Silver Spring, Maryland, is. Colin Beresford writes for NerdWallet.