Fri.Feb 11, 2022

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Panel Discusses Importance of Data Management

Account Recovery

LAS VEGAS — There’s a rule of thumb that is used to help people de-clutter their lives that says something along the lines of — keep track of the clothes you wear during a certain period of time, and if there are articles of clothing that you have in your closet, but don’t wear during … The post Panel Discusses Importance of Data Management appeared first on AccountsRecovery.net.

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3 Big Differences Between Business Debt Collections and Consumer Debt Collections

Enterprise Recovery

Depending on the type of customer or client, debt collections can look drastically different. Either can still be frustrating but one type of debt could actually be harmful to the overall business. Consumer-facing business, for instance, is more transactional. Businesses working together, exchanging goods or services, is likely part of a long-term relationship.

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Appeals Court Overturns Ruling Preempting State Credit Reporting Laws in Maine

Account Recovery

The Court of Appeals for the First Circuit has overturned a lower court’s ruling that a pair of credit reporting laws in Maine governing how certain debts are reported to credit reporting agencies are preempted by the Fair Credit Reporting Act, remanding the case back to the District Court to more accurately determine the scope … The post Appeals Court Overturns Ruling Preempting State Credit Reporting Laws in Maine appeared first on AccountsRecovery.net.

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7 Ways Small-Business Owners Can Save on Taxes in 2022

Nerd Wallet

Taxes are complex, and for small-business owners, freelancers and people with side gigs, they’re even more complex — especially now, as filers reckon with the tax effects of small-business relief programs and rule changes. But those new twists and turns can create some tax-saving opportunities, according to three tax pros. Here are seven things they.

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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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Judge Remands Three Hunstein Cases Back to State Court for Lack of Standing

Account Recovery

A District Court judge in North Carolina has remanded three separate Hunstein cases back to state court, ruling that the plaintiffs in each did not suffer a concrete injury sufficient to have standing to sue in federal court. Copies of the rulings in the cases of Brown v. Alltran Financial, Asbury v. Credit Corp. Solutions, … The post Judge Remands Three Hunstein Cases Back to State Court for Lack of Standing appeared first on AccountsRecovery.net.

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With or Without Health Insurance, Large Number of Americans Lack Funds to Cover Out-of-Pocket Expenses, Survey Shows

Account Recovery

Nearly half of consumers have less than $1,000 in their savings account, and one-quarter of consumers have nothing at all, according to data that was released this week as part of the inaugural Aflac Care Index, a report aimed at raising awareness of consumers’ exposure to debt resulting from medical bills not covered by health … The post With or Without Health Insurance, Large Number of Americans Lack Funds to Cover Out-of-Pocket Expenses, Survey Shows appeared first on AccountsReco

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How My Fiance and I Reconciled Our Relationships With Money

Nerd Wallet

The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. One of the first things I noticed about my now-fiance (I’ll call him “Ezra”) was that he didn’t eat. Alana Benson writes for NerdWallet.

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Daily Digest – February 11. Judge Remands Hunstein Cases Back to State Court; Appeals Court Overturns Preemption of State Credit Reporting Laws

Account Recovery

JUDGE REMANDS THREE HUNSTEIN CASES BACK TO STATE COURT FOR LACK OF STANDING A District Court judge in North Carolina has remanded three separate Hunstein cases back to state court, ruling that the plaintiffs in each did not suffer a concrete injury sufficient to have standing to sue in federal court. APPEALS COURT OVERTURNS RULING … The post Daily Digest – February 11.

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Positive signs for Small Business recovery post covid

UK debt collections

BRITISH business is getting back on track – with resilient entrepreneurs up and down the country showing signs of recovery after overcoming the obstacles of the Covid-19 pandemic. The past two years have seen half of small businesses suffer significant financial setbacks, with 54 per cent having to introduce new emergency revenue streams to survive the winter months after Omicron and supply chain troubles.

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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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690 Credit Score: Is It Good or Bad?

Nerd Wallet

A 690 credit score is considered a good score on the most common credit score range, which runs from 300 to 850. How does your score compare with others? You’re within the “good” score range (690 to 719), but just barely — any drop could land you in the “fair” category. As of the second. Amanda Barroso writes for NerdWallet. Email: abarroso@nerdwallet.com.

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How Long Do You Stay On The Insolvency Register?

Hudson Weir

Insolvency can be an extremely challenging situation for an individual, both financially and emotionally. . While there are steps one can take to manage debt and recover from insolvency such as an individual voluntary arrangement or declaring bankruptcy , personal insolvency solutions such as these are a matter of public record. When declared insolvent, a person’s details are added to the Insolvency Register.

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For Valentine’s Day, Couple Your Finances

Nerd Wallet

When Alli Williams married her husband in 2019, she knew she would be marrying into about $150,000 of student loan debt. Now, a few years later, she and her husband have gotten on the same financial page with their budgets and bank accounts, and they’ve paid off not only his student loans but also their. Chanelle Bessette writes for NerdWallet. Email: cbessette@nerdwallet.com.

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Women in AI: Diversity Can Lead to Better Models

Fico Collections

. The United Nations International Day of Women and Girls in Science today throws a spotlight on achieving full and equal access and participation for women and girls in science, citing the importance of this goal in global development. One critical area is artificial intelligence (AI) and how it affects financial decisioning. To make fair and accurate assessments, AI software needs to be reflective of the people it scrutinises and the best way to achieve this is to have a diverse team at work

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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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What Is Medigap Plan M? What You Need to Know

Nerd Wallet

Medigap Plan M is a Medicare Supplement Insurance plan that covers some out-of-pocket expenses for Medicare members, including copays, coinsurance and deductibles. Plan M is nearly identical to Medigap Plan D, which is one of the more comprehensive plans. Here’s the difference: While Plan D covers 100% of the Medicare Part A deductible, Plan M. Alex Rosenberg writes for NerdWallet.

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Accounts receivable – time to re-evaluate your processes

On Guard

Many businesses had to seek short-term fixes for cash flow pressures during the pandemic. As the dust settles, now could be the perfect time to re-examine which Accounts Receivable (AR) solutions are the best long-term fit for your business. History repeats itself? The recession of 2008 placed a detrimental strain on businesses around the world. The accounts receivable departments took the brunt of the pain as companies conserved cash and payment days slowed.

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What You Need to Know to Upgrade a Southwest Flight

Nerd Wallet

Your traveling experience can vary greatly depending on the airline you fly with and the ticket class you purchase. There are many factors to consider when preparing for your next trip. If you plan to fly with Southwest Airlines soon, you may be wondering if it’s worth it to upgrade a Southwest flight and what. Natasha Gabrielle writes for NerdWallet.

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National Debt Relief Review

Better Credit Blog

Key Takeaways. BBB-accredited business with an “A” rating. Can reduce your debt by 30% on average. Rated the best debt relief company on Trustpilot. A Guide to Debt Settlement Services. If you’re on the brink of bankruptcy, a final option before filing is to try the services of a debt settlement firm. These companies aim to reduce the amount of money you owe by negotiating a lower fee with creditors, which makes getting back into the black more affordable.

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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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PayPal Fee Calculator

Nerd Wallet

PayPal charges payment processing fees whenever it processes a customer payment. The fees you’ll pay depend on which service your business uses. Common services include standard credit card payments, Checkout for online purchases and Zettle for in-person transactions. » MORE: PayPal Business review Standard online credit card and debit card PayPal payments Summary: You can.

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Guaranty Recovery for SBA-Backed PPP Loans

Jimerson Firm

On July 15, 2021, the SBA issued its procedural notice regarding lender requests to the SBA for guaranty recovery of PPP loans. The PPP loan program has offered billions of dollars in assistance to small businesses across the country. However, many PPP borrowers have since begun defaulting on their loans. What should lenders do when borrowers can no longer make payments and associated loans are still outstanding?

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Check Your DMs for Debt Collectors and Scams

Nerd Wallet

Social media is where you watch cooking videos, gaze at photos of dreamy travel destinations and doomscroll through endless news headlines. Now, sites like Instagram, Facebook and Twitter could also be where debt collectors slide into your DMs. In late 2021, rule changes under the Fair Debt Collection Practices Act went into effect that specify. Lauren Schwahn writes for NerdWallet.

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What Is EMV? What Businesses Need to Know

Nerd Wallet

EMV is a technical standard designed to limit in-person card fraud. It stands for Europay, Mastercard and Visa — the companies that created it. EMV has been adopted by major payment networks. Rather than using the traditional magnetic strip, an EMV credit card uses a small computer chip to store information and make transactions more. Whitney Vandiver writes for NerdWallet.

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The Power of Storytelling in Risk Management

Speaker: Dr. Karen Hardy, CEO and Chief Risk Officer of Strategic Leadership Advisors LLC

Communication is a core component of a resilient organization's risk management framework. However, risk communication involves more than just reporting information and populating dashboards, and we may be limiting our skillset. Storytelling is the ability to express ideas and convey messages to others, including stakeholders. When done effectively, it can help interpret complex risk environments for leaders and inform their decision-making.

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Coinbase vs. Crypto.com: 2022 Comparison

Nerd Wallet

Coinbase and Crypto.com are among the most popular places to buy cryptocurrencies, but they each have unique offerings. Coinbase, for example, has several features intended to create an onramp for beginners to learn about buying and selling cryptocurrencies. In addition, Coinbase makes it easy to trade one cryptocurrency for another or buy cryptocurrencies with fiat.

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Southwest Companion Pass Is Back for New Cardholders (Limited Time)

Nerd Wallet

Southwest Airlines enthusiasts once again have a faster way to snag the coveted Companion Pass. Beginning Feb. 10. 2022, Southwest co-branded credit cards give new cardholders the chance to score a lucrative sign-up bonus: “Earn the Companion Pass, plus 30,000 miles, after you spend $5,000 on qualifying purchases in the first three months from account.

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6 Passes That Simplify Rental Car Toll Charges

Nerd Wallet

Paying tolls when renting a car can be frustrating and expensive. After rental car company fees, a single small toll can end up multiplying in cost. A rental car company once charged me for an entire week of a toll pass just for using one toll, so instead of paying $1.75 I paid $59.99. How. JT Genter writes for NerdWallet. Email: travel@nerdwallet.com.

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