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.

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.

Insiders

Sign Up for our Newsletter

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

Trending Sources

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.

COVID-19 Vaccine Guidance for Federal Contractors

Burr Forman

On September 24, 2021, the Safer Federal Workforce Task Force released guidance detailing COVID-19 vaccination and other pandemic-related workplace safety requirements for federal contractors in accordance with the Executive Order issued by President Biden on September 9, 2021.

How Preparation and Strategy Can Be Used to Fight and Defeat Any Ransomware Attack

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

Through a detailed analysis of major attacks and their consequences, Karl Camilleri, Cloud Services Product Manager at phoenixNAP, will discuss the state of ransomware and future predictions, as well as provide best practices for attack prevention and recovery.

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.

More Trending

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.

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.

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.

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.

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.

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.,

TrueAccord Launches Retain, a Digital-First Solution for Early-Stage Collections

True Accord

The intelligent, client-branded product for delinquent accounts uses a patented, machine learning-driven decision engine to engage customers and boost recovery rates. Lenexa, KS – Sept.

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.

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?

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.)

Dealing with Debt Collection in France

UK debt collections

A Five Step Process to Recovering your Debts in France. French debt collection agencies are particularly prevalent due to the country’s strong economic dependence on Small Businesses and Medium enterprises.

Judge Grants MTD in FDCPA Case Involving Overheard Voicemail Message

Account Recovery

Ensuring Regulatory Compliance While Future-Proofing Your Collections Strategy

True Accord

Ensuring regulatory compliance in debt collection is a high stakes and increasingly complex process. As we know, the industry is constantly evolving and collections strategies must adapt.

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.

Part I: What Documents Matter Most In Determining Share Value in a Buyout? An Analysis of Key Documents and Why They Matter

Jimerson Firm

Different situations can lead to a corporate buyout. As a business move, a majority shareholder may seek to buyout the minority shareholders, or one company may seek to acquire a majority of another company’s shares.

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.

New York Further Extends the COVID-19 Emergency Eviction and Foreclosure Prevention and Small Businesses Acts to January 15, 2022, but Provides a Way to Challenge Hardship Declarations

Consumer Finance Watch

Wayne Streibich, Diana M.

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.

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.

114
114

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

101
101

Best Practices for Using Email to Collect Payments

PDC Flow

Businesses have a problem. For decades, paper bills and telephone calls have been the standard when seeking payment from customers. Now, faster, more convenient communication options are available (and expected) by consumers.

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.

When Is The Best Time to Send A Client Invoice?

Enterprise Recovery

If you’re concerned about receiving timely payments, you might be interested to know that your clients have preferences about receiving your invoices. When you can meet their preferences to increase your cash flow, isn't it worth it? When is the best time to send your client an invoice?

Judge Grants MTD Over Settlement Language in Letter

Account Recovery

Have you seen those videos, where someone painstakingly takes clips from actors saying different words and assembles them into recreations of songs or famous speeches? Well, at the end of the day, what is recreated is still a song or a famous speech?

Student Loan Debt Spans Generations, and Many Aren’t Ready to Resume Payment

Nerd Wallet

Student loan debt is often seen as a crisis for millennials and Generation Z, but the truth is the financial impact of the more than $1.7 trillion in education debt [1] can be felt across generations. Parent PLUS loan debt — currently exceeding $100 billion [2] — is one such example.