Thu.Jun 06, 2024

article thumbnail

Bonding with coworkers during employee week

American Profit Recovery

By Greg: We’re a little less than two weeks away from our Annual Employee Week and I am so looking forward to it. This is a week we all look forward to. It is a chance for the ownership team to show their thanks for all our hard work, and for us all to spend some fun time together in and out of the office. We will be kicking off the week with a picnic on Monday night, an evening of bowling on Tuesday, and a trip to an Escape Room on Wednesday.

253
253
article thumbnail

Daily Digest – June 6. Getting to Know Lynne Vellucci of Certified Solutions; NJ Appeals Court Affirms Dismissal of Hunstein Suit

Account Recovery

Getting to Know Lynne Vellucci of Certified Solutions NJ Appeals Court Affirms Dismissal of Hunstein Suit Navient Program to Cancel Student Loan Debt Gets Put in Spotlight Consumers, Advocates to Get Say in CFPB’s Open Banking Standard Capio Launches Recoveri: A Revolutionary Approach to Medical Debt Resolution WORTH NOTING: A woman is claiming to be […]

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Role of a Credit Manager in Your Business

Enterprise Recovery

Credit managers can help your business by ensuring the smooth functioning of credit operations. They are responsible for assessing the creditworthiness of potential clients and managing credit limits to prevent late payments and minimize financial risks. They also play a vital role in collecting accounts receivable and bad debt. By understanding the role of a credit manager in your business, you can effectively utilize their expertise to optimize cash flow and maintain a healthy financial positi

article thumbnail

Navient Program to Cancel Student Loan Debt Gets Put in Spotlight

Account Recovery

For those in the credit and collection industry, the portrayal of companies often leans towards the negative. However, a recent development covered by The New York Times highlights a significant, albeit under-publicized, initiative by Navient that offers a lifeline to borrowers with private student loans.

article thumbnail

How Collection Agencies Minimize Effort and Maximize Results with the Right Software

Navigating collections in the dynamic financial landscape presents multifaceted challenges. Organizations face pressures to maintain standards alongside software challenges like regulatory adaptations, data integration, security, workflow optimization, and automation. Finding the right software can save time and money. BEAM offers a comprehensive solution with specialized modules to streamline debt collection effortlessly.

article thumbnail

Scottish Man sent to prison after ‘trying’ to collect Business Debt

UK debt collections

A Scottish man who decided to recklessly act as a unlicensed Debt Collector recovering a business debt, has been punished in the courts for his unlawful actions. The man banged on a customers door and shouted threats in the middle of the night over an unpaid business debt. The unpaid business debt is believed to have been owed to the mans employer. Christopher Bett, 34, of Cardenden, appeared for sentencing at Dunfermline Sheriff Court.

More Trending

article thumbnail

Add a Default Provision to Settlement Agreements for Quick Debt Collection Success

FFGN COLLECT NY

In debt collection, speed matters. To ensure quick success in obtaining a debt collection judgment, all settlement agreements should have a default provision. A judgment clerk can enter judgment on default, without obtaining a court order, when the creditor has set forth and supported with documentary evidence a claim for a liquidated amount. The claim for the liquidated amount or sum certain should be in the initial pleadings filed with the court.

article thumbnail

Capio Launches Recoveri: A Revolutionary Approach to Medical Debt Resolution

Account Recovery

LAWRENCEVILLE, Ga., June 5, 2024 — Capio, the leading purchaser of non-performing healthcare assets, is proud to announce Recoveri – an innovative new servicing agency focused on consumer financial wellness and affordability. Recoveri represents Capio’s continued focus on compassionate financial solutions and will not report medical debt to credit agencies.

article thumbnail

NJ Appeals Court Affirms Dismissal of Hunstein Suit

Account Recovery

The Appellate Division of the Superior Court of New Jersey has upheld the dismissal of a Fair Debt Collection Practices Act case — a Hunstein one — ruling that there was nothing associated with the defendant’s use of a third-party vendor to print and mail a collection letter that was “abusive, deceptive or unfair” under […]

article thumbnail

Consumers, Advocates to Get Say in CFPB’s Open Banking Standard

Account Recovery

The Consumer Financial Protection Bureau has finalized a rule that outlines the qualifications for becoming a recognized standard-setting body. These bodies will play a crucial role in helping companies comply with the upcoming Personal Financial Data Rights Rule.

Banks 130
article thumbnail

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.