Account Recovery

SEPTEMBER 29, 2021

MT. LAUREL, N.J., Sept. 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., a Michigan-based recovery firm. SRA provides accounts receivable management, debt recovery, BPO, call center & letter service solutions, with 30 years of operating … The post Strategic Resource Alternatives C

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American Profit Recovery

SEPTEMBER 24, 2021

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! Work life at American Profit Recovery is truly a unique atmosphere in so many ways.

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Enterprise Recovery

SEPTEMBER 24, 2021

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?

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Collections 197

Nerd Wallet

SEPTEMBER 2, 2021

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. While I usually decline these requests, his persistence made me wonder. Kimberly Palmer writes for NerdWallet.

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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.

Consumer Finance

SEPTEMBER 19, 2021

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.

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Account Recovery

SEPTEMBER 30, 2021

The “Getting to Know” series is sponsored by Applied Innovation. Applied Innovation is helping to shape the future of accounts receivable management. Product development is driven by customer feedback, agency profitability and compliance and includes platforms addressing client portal access, document management, payment negotiation, Regulation E focused electronic payment authorizations and TCPA communication authorization platforms. … The post Getting to Know Shaun Ertischek

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Accounts Receivables Management 246

Jimerson Firm

SEPTEMBER 28, 2021

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). This important decision offers a key additional potential protection for Florida companies, as it limits the ability of opposing litigants to take the deposition of high-level company personnel except for in certain limited circum

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Enterprise Recovery

SEPTEMBER 17, 2021

Within an accounting department, a credit manager's job is to determine the creditworthiness and credit risk of clients. By setting up clients in this way, along with the implementation of a credit policy, your accounts receivable department can be more successful, cash flow is boosted and the risk of non-paying clients is reduced. Here are best practices for creating a business credit policy.

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Nerd Wallet

SEPTEMBER 24, 2021

In this series, NerdWallet interviews people about their journey to tame debt. Responses have been edited for length and clarity. Anthony & Jhanilka Hartzog Life after paying off $114,151 Just months before the COVID-19 pandemic hit the United States, Anthony and Jhanilka Hartzog paid off the last of their $114,000 in debt. When we first. Amanda Barroso writes for NerdWallet.

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Advertisement

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.

Collections

Collections Law

SEPTEMBER 24, 2021

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. Cohen LLC know how to choose the right tools for the job. If your debtor owns real estate in Massachusetts, a real estate attachment could be just the tool you need.

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Troutman Sanders

SEPTEMBER 29, 2021

After the District Court for the District of Oregon dismissed a Fair Credit Reporting Act (FCRA) suit filed against Fred Meyer, Inc. , the Ninth Circuit Court of Appeals partially reversed , holding Fred Meyer had failed to comply with FCRA’s “standalone” requirement by providing, in good faith, an extraneous explanation of the applicant’s rights in its background check disclosure.

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Account Recovery

SEPTEMBER 28, 2021

A District Court judge in North Carolina has granted a defendant’s motion to dismiss after it was accused of violating the Fair Debt Collection Practices Act by leaving a voicemail message on an individual’s cell phone that was overheard by the plaintiff’s sister, ruling that cell phone voicemails are intended to be private and if … The post Judge Grants MTD in FDCPA Case Involving Overheard Voicemail Message appeared first on AccountsRecovery.net.

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Fair Debt Collection Collections 246

Burr Forman

SEPTEMBER 13, 2021

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. There are many details we still do not know, but below are answers to some of the most common questions we have received since the mandates were announced.

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Advertisement

For finance teams using Salesforce’s powerful CRM technology, automation can transform accounts receivable processes, driving efficiency and delivering measurable results like cost savings, reduced customer churn, and lower DSO.

Collections

Enterprise Recovery

SEPTEMBER 3, 2021

The National Oceanic and Atmospheric Administration (NOAA) predicts an above-normal hurricane season. Unfortunately , we've already witnessed the power of Hurricane Ida across the country with much of its impact still to be determined. Just as we've discovered with the COVID-19 pandemic, asking for money during this time seems precarious. Is there a nice way to collect payments from clients affected by natural disasters?

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Collections 186

Nerd Wallet

SEPTEMBER 22, 2021

Would you like to pay $2 a gallon — or a lot less — for gas? If you drove an electric car, that’s the equivalent of what you would pay for the electricity to charge the battery. That estimate comes from Southern California Edison, the power company that supplies some of the electricity I use. Philip Reed writes for NerdWallet. Email: articles@nerdwallet.com.

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Credit Corp

SEPTEMBER 13, 2021

Becoming an authorized user is a common tip for individuals trying to build their credit. But what about the people who are being asked to add authorized users? How do authorized users affect you and your credit scores? As long as you’re making payments on time and neither of you run up a lot of debt, you shouldn’t see much effect on your credit reports.

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Fico Collections

SEPTEMBER 8, 2021

We recently shared that the national average FICO® Score increased to 716 (as of April 2021). Our blog post on the subject highlighted that consumers in the lower score ranges were the biggest driver of the upward trend from 708 in the prior year. For example, for those consumers who had a FICO® Score value between 550-599 as of April 2020, their average score went up from 575 as of April 2020 to 596 as of April 2021.

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Speaker: Lynnette Khalfani-Cox, The Money Coach®

Niche markets represent a huge opportunity for the financial services industry in America. From college students and women to communities of color and low-to-moderate-income households, niche populations have specialized financial needs – but they often underutilize many valuable financial products and services. How can you better connect with these consumers?

Financial services

Account Recovery

SEPTEMBER 27, 2021

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? Similarly, plaintiffs can’t parse words in collection letters and accuse a collector … The post Judge Grants MTD Over Settlement Language in Letter appeared first on AccountsRecovery.net.

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Collections 246

Burr Forman

SEPTEMBER 9, 2021

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. Vaccination and/or Testing Requirements for Employers with 100+ Employees.

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Jimerson Firm

SEPTEMBER 1, 2021

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? An investigator from the Florida Bureau of Criminal Investigations and Intelligence who investigates all reported ransomware crimes in North Florida?

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Nerd Wallet

SEPTEMBER 15, 2021

If you’re a procrastinator and your passport is set to expire, hopefully you don’t have an international trip planned within the next four months (at least). The U.S. Department of State is warning of massive delays in turnaround times both for issuing new — and renewing existing — passports. If you’re renewing an existing passport. Sally French writes for NerdWallet.

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Speaker: William Hord, Vice President of ERM Services

A well-defined change management process is critical to minimizing the impact that change has on your organization. Leveraging the data that your ERM program already contains is an effective way to help create and manage the overall change management process within your organization. Your ERM program generally assesses and maintains detailed information related to strategy, operations, and the remediation plans needed to mitigate the impact on the organization.

Credit Corp

SEPTEMBER 14, 2021

Home ownership is a principle part of the American dream. Homes are special places, too—they’re where people make memories, raise children and spend precious time. It follows, then, that you might want your home to go to a specific person when you pass away. If you’re curious about how to leave a house to someone in a will, we’re here to break it down for you.

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Fico Collections

SEPTEMBER 24, 2021

Do FICO Scores Consider Telco and Utility Data? The unequivocal answer is yes! FICO® Scores have always considered telco and utility payment data that is furnished to the three nationwide U.S. credit bureaus : Equifax, Experian and TransUnion. The inclusion of telco and utility payment information dates back to the release of the very first FICO Scores in 1989.

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Account Recovery

SEPTEMBER 28, 2021

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. The report, published by The Aspen Institute, says the current system for collecting unpaid debts “is broken” is because plaintiffs … The post Report Calls Collection Litigation ‘Broken,’ Makes Suggestions to Reform Process ap

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Collections 246

UK debt collections

SEPTEMBER 29, 2021

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. With the Insolvency Service’s latest corporate insolvency figures for August 2021 showing a 71.1% increase compared to August 2020, the Registry Trust says that this insight could help to identify ‘earl

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Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

Did you know that 2021 was a record-breaking year for ransomware? The days of a “once in a while” attack against businesses and organizations are over. Cyberthreats have become a serious issue. With 495.1 million attacks, the threat marked a 148% increase compared to 2020 and was the most expensive year on record! As a result, data protection needs to be a concern for most banks, businesses, and information technology specialists.

Banks