September, 2021

Why the telephone is your best friend

Collect More

“The telephone is your best friend! Don’t be scared of the phone”!!! I really wish I could shout this constantly from the rooftops to every business owner in this country. The amount of people who are petrified of calling their overdue customer is crazy.

Trust the Process: Systemization Is What Separate Modern Law Firms

NCBA Law Practice Management Blog

A lot of law firms know they’re inefficient, but don’t know why. ( I know, it sounds like a country song. ) But, the reason is pretty simple: it’s because those law firms don’t employ systems. By default, law firms that build and apply workflows can work faster and more accurately.

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How to get a VA home loan

Better Credit Blog

The U.S. Department of Veterans Affairs offers what are called VA Loans to people who currently serve or have served in the armed forces, or their surviving spouses. These loans can save them money and make the home-buying process go a little smoother.

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Judge Grants MTD in FDCPA Case Involving Overheard Voicemail Message

Account Recovery

Mandatory COVID Vaccination Policy Template

The federal government is developing a rule requiring employers with more than 100 employees ensure their workers are vaccinated or produce a negative COVID test weekly before entering the workplace. So, what can your organization do to prepare? Get Paycor’s COVID Vaccination Policy Template to help communicate important details to your employees.

Collecting on a debt through a real estate attachment

Collections Law

If you are having trouble collecting a commercial debt, you may wonder what you can do to make the debtor pay. The truth is, you have many tools available to you under Massachusetts law. The experienced commercial collections attorneys at the Law Offices of Alan M.

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Should you give your customer a heads up they’re going to debt collection?

Collect More

This is a question we get asked all the time and our answer is always the same- absolutely you should. But give them one final chance and don’t ever give them longer than 24 hours to respond or pay. Short, sharp deadlines. The time for chit chat and niceties is over. You mean business and they can either pay you today or deal with the debt collectors tomorrow. List the possible consequences they could face if you press that button. They include: – Possible extra fees and added costs.

Side Hustle: Your Hobbies Can Help You Market Your Practice

NCBA Law Practice Management Blog

I’m fond of telling lawyers that if they’re not making enough money out of their practices to generate a viable living, th en they have a hobby, not a business. But, I don’t mean to denigrate hobbies. Hobbies are great.

Do I really need an estate plan?

J & W

If you are thinking about starting your estate planning, chances are something has triggered this decision. Perhaps you have recently gone through the tedious probate of your own parents, and you want to spare your loved ones the same fate.

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Getting to Know Shaun Ertischek of Sequium Asset Solutions

Account Recovery

The “Getting to Know” series is sponsored by Applied Innovation. Applied Innovation is helping to shape the future of accounts receivable management.

Unpaid CCJ offers early ‘Insolvency Warning sign’ says new data

UK debt collections

New data from the Registry Trust has indicated that 47% of businesses that became insolvent in May and June 2021 had an outstanding county court judgment (CCJ) against them. Whilst 78% of those who became insolvent with an outstanding CCJ had received their first CCJ within the previous 999 days.

What We Do and Don’t Know About the New COVID-19 Vaccination Mandates

Burr Forman

On September 9, 2021, President Biden announced a new six-pronged strategy to contain the spread of COVID-19. Most notable are plans for COVID-19 vaccination and/or weekly testing mandates that will affect employers and employees nationwide.

30 Yr VS 15 Yr Mortgage Comparison: Which is Better?

Better Credit Blog

When it comes to the length of your mortgage, there is a fair amount of flexibility regarding term lengths, depending on which company you go with. By and large, 30-year terms and 15-year terms remain perennial favorites. But which mortgage term is the right one for you and your household?

Loans 82

Touchless: Law Firm Automation Can Be Applied More Broadly Than You Think

NCBA Law Practice Management Blog

Car wash preferences are a thing. Some people like to get their hands dirty (or clean) , and wash their own cars; and, some people prefer the touchless automatic option, so that they can just roll on through. And, then: some people don’t like car washes at all.)

How I Ditched Debt: Pandemic After Payoff Tests Couple’s Resilience

Nerd Wallet

In this series, NerdWallet interviews people about their journey to tame debt. Responses have been edited for length and clarity.

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Student Loan Debt Holding Individuals Back: Report

Account Recovery

CFPB Sues Software Company That Helps Credit-Repair Businesses Charge Illegal Fees

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) today filed a lawsuit in federal district court accusing a California-based software company and its owner of providing assistance to illegal credit-repair businesses. Press release Enforcement

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White House Announces New Federal Rules Requiring COVID-19 Vaccine and Testing Mandates

Burr Forman

On September 9, 2021, President Biden announced a new six-pronged strategy to contain the spread of COVID-19. Most notable are plans for broad COVID-19 vaccination and/or testing mandates that could apply to as many as 100 million employees nationwide. Highlights of the plan are discussed below.

Cybersecurity Panel: Protecting Your Business from a Ransomware Attack

Jimerson Firm

In preparing to protect your business from a ransomware attack, who is the best person to consult? A CEO and expert from a leading information technology company? A cyber insurance specialist who understands ransomware coverages for businesses?

Reach: Consumer-Friendly Language Wins the Day in Law Firm Marketing

NCBA Law Practice Management Blog

When it comes to marketing content, most lawyers are concerned about what to write. But, in reality, the more important question is how to write. The plain fact is that lawyers tend to write like lawyers, regardless of the audience.

How Video Games Can Level Up Kids’ Money Skills

Nerd Wallet

Every few days, my 8-year-old son, Neal, asks if he can “earn something” on Roblox, a popular online video game platform. That’s his way of suggesting I buy him Robux, the platform’s currency, in exchange for him doing a chore or extra academic assignment.

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Strategic Resource Alternatives Completes Acquisition of J.J. Marshall & Associates

Account Recovery

LAUREL, N.J., 27, 2021 /PRNewswire/ — Strategic Resource Alternatives (“SRA”), an industry-leading full-service receivables management and outsourcing firm, is pleased to announce the completion of an acquisition of J.J. Marshall & Associates, Inc.,

I made the right choice working at American Profit Recovery

American Profit

I had worked in debt collections before when I came to American Profit Recovery six years ago, first in collections for vehicle loans, and later for collections in mortgages. I thought I knew what I was getting into—collections is collections, right? BOY was I wrong!

Harvard Law Review to publish Wilf-Townsend article: Assembly-Line Plaintiffs

Public Citizen

Daniel Wilf-Townsend of Chicago has written Assembly-Line Plaintiffs, Forthcoming in the Harvard Law Review. Here is the abstract: Around the country, state courts are being flooded with the claims of massive repeat filers. These large corporate plaintiffs leverage economies of scale to bring tremendous quantities of low-value claims against largely unrepresented individual defendants.

Florida Supreme Court Adopts Apex Doctrine Protecting Company Executives From Depositions in Many Cases

Jimerson Firm

In a recent decision, the Florida Supreme Court officially adopted and codified the apex doctrine in the context of corporations for lawsuits in Florida, effective August 26, 2021. See In re: Amendment to Florida Rule of Civil Procedure 1.280, No. SC21-929 (Fla. 2021).

Debt Collection firms targeted via the ‘Buy now, Pay later’ industry

UK debt collections

Debt Collection firms that collect monies on behalf of the BNPL (buy now pay later) sector are being targeted. Regulators have been called upon to crack down on ‘buy now, pay later’ companies.

Where to Turn When a Natural Disaster Upends Your Finances

Nerd Wallet

Natural disasters can upend lives in an instant, but unwinding the financial damage can take many months. Still, those affected have many sources of help. Here’s how you can get help and be strategic with your resources as you begin to rebuild after a disaster.

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Report Calls Collection Litigation ‘Broken,’ Makes Suggestions to Reform Process

Account Recovery

A nonprofit organization in Washington, D.C. has published a report on the debt collection litigation market, outlining a series of recommendations to state and federal lawmakers to make the process “safer and fairer” for everyone.

CFPB Report: Renters at Risk as COVID-19 Safety Net Ends

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) today released a report warning that millions of renters and their families may suffer previously avoided economic harms of the COVID-19 pandemic as federal and state relief programs end.

How to manage your small business accounts receivables like the pros

American Profit

Just because you’re managing and operating a small business doesn’t mean you need to act small. And that has never been truer than in the case of accounting, tracking the money that goes in and out of your business, and detailing exactly what your customers owe you.