March, 2022

Why Business Debt Recovery has a critical role to play

UK debt collections

It will come as no shock that the main objective of any business is to make more money than it loses. Staying in the black is essential for the longevity of business but there are times when debt can be the best option.

Non-Binding Mediation in Debt Collection

FFGN COLLECT NY

Some creditors voluntarily decide to participate in mediation for debt collection. For others, mediation may be mandatory based on the terms of the underlying agreement between the parties or ordered by the court.

Can you get a personal loan after a bankruptcy?

Roths Child Law

A bankruptcy can be a good way to get your financial health back on track, but it also comes with some limitations. It may make it so it’s harder for you to get credit or loans in the future, at least for a few years.

Five highly effective ways to improve your credit before getting a loan

Kasasa

Your credit score is the most important factor in determining the interest rate you receive on a loan. You may have been working to improve your credit score for months or even years. Even just one half of a percent difference in the interest rate could save you thousands over the term of the loan.

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Successful Change Management with Enterprise Risk Management

Speaker: William Hord, Vice President of ERM Services

Join us as we discuss the various tangents of data and the change management process that will help you make better risk-based business decisions to save time and money for your organization.

Watch Tower’s misuse of copyright to suppress criticism

Public Citizen

by Paul Alan Levy. This is a sad tale of hypocrisy on the part of a group whose litigation over the past eighty-five years has set many of our most important First Amendment precedents.

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Business Insolvencies doubled in February

UK debt collections

Insolvency figures released this week by the Insolvency service for February 2022 showed corporate insolvencies more than doubled compared to the same month last year (1515 in February 2022 and 685 in February 2021).

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Getting to Know Amber Russo of Kino Financial

Account Recovery

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

Make Sure to Verify a Debt Collection Affidavit Before Signing

FFGN COLLECT NY

It’s important you verify the information contained in a debt collection affidavit before you sign it. An affidavit is sworn testimony used to support your debt collection case.

What should I look for in a checking account?

Kasasa

There are likely three times in your life when you are going to look for a checking account. One, you've never had a checking account and you've decided you want to get one. Two, you have a checking account and you want another one.

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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.

What Is a Section 341 Meeting and How Do I Prepare?

Sawin & Shea

Shortly after you file for Chapter 7 or Chapter 13 bankruptcy, you will receive a notice for your section 341 meeting of creditors.

What to Do When Your Community’s MRTA Revitalization is Denied

Jimerson Firm

What happens when a proposed revitalization of covenants, restrictions, and other governing documents under the Marketable Record Title Act (MRTA) is denied by the Department of Economic Opportunity (DEO)?

Sporting legend sold trophies for £700k to clear debts

UK debt collections

Trophies won by tennis sporting legend Boris Becker were auctioned off for £700,000 to pay debts off as part of his bankruptcy a court has been told.

Credit Reporting Agencies Announce Changes to Medical Debt Credit Reporting

Account Recovery

The three major credit reporting agencies announced today that they are making changes to how medical debts are reported, leading to the removal of nearly 70% of medical debt tradlines from consumers’ credit reports.

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.

Arbitration and the myths of freedom of contract and free choice

Public Citizen

by Jeff Sovern. Earlier this week, the Senate Banking Committee held a hearing on consumer arbitration clauses. The consumer side was ably represented by Paul Bland, Myriam Gilles, and Remington Gregg. I want to say something about the arguments put forth at the hearing by Senator Toomey and Professor Todd Zywicki. Professor  Professor Toomey argued that regulation of arbitration would undermine  freedom of contract.

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Still want to write checks? Here's how and why to use a check

Kasasa

There are a lot of ways to pay your bills these days — electronic transfers, debit and credit cards , and digital methods of payment (known as 'digital wallets').

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How to Handle a Year-Round Homebuying Season

Nerd Wallet

Traditionally, the spring months herald the beginning of homebuying season. But major shifts in the housing market disrupted seasonal patterns in 2020 and 2021, and the changes may be long-lasting.

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Ask yourself these 5 questions before starting collection activity

American Profit

Before sending any customer to a debt collection agency, it’s important for a business of any size to conduct its due diligence to try and resolve that matter. Having an established relationship with a reputable collection agency is an important part of your overall accounts receivable program.

Ex Dragon’s Den star issued jail sentence for Unpaid Debt

UK debt collections

The High Court in London has issued a suspended Jail sentence against a former on-line Dragons Den star. High profile American entrepreneur Julie Marie Meyer MBE appeared as a ‘Dragon’ in a online version of the popular BBC television show Dragons Den in 2009.

Appeals Court Upholds Dismissal of FDCPA Suit Over Garnishment

Account Recovery

What Happens to Investment Real Estate in Bankruptcy?

Sawin & Shea

Filing for bankruptcy is an important step for many individuals looking to overcome debts. Many people considering this option wonder what will happen to their investment real estate if they file.

Using a Kasasa account to grow your emergency fund

Kasasa

In 2017, a customer who switched financial institutions joined the 11% of American consumers who changed banks in search of better value and service.

CFPB Sanctions Edfinancial for Lying about Student Loan Cancellation

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) today sanctioned Edfinancial Services, a student-loan servicer, for making deceptive statements to student loan borrowers and misrepresenting their forgiveness and repayment options to them. Press release Student loans Supervision Enforcement

Top 5 reasons your customers are not paying you on time

American Profit

Did you ever wonder why your customers are not paying you on time? It’s one of the more frustrating aspects of running any size business.

25% of Small Businesses constantly chasing late payments

UK debt collections

Cash flow and late payments are named as the biggest financial concerns for 22% of small business owners in the UK this year. One in four small businesses state that they are constantly chasing late payments, according to a new report.

Reassigned Number Database Announces New Subscription Tiers, Pricing

Account Recovery

Seeking to correct one of the most frequent complaints it has received since its inception, the Reassigned Number Database has announced changes to its pricing matrix, which are scheduled to go into effect next month.

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How Rising Fed Interest Rates Affect Home Buyers, Homeowners

Nerd Wallet

What the Federal Reserve did and why The Federal Reserve raised a bedrock interest rate on Wednesday. As a result, mortgage interest rates probably will go up, and rates on home equity lines of credit certainly will.

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Neobanks: The impact of digital-only apps and services on the banking industry

Kasasa

For a long time, banking meant a drive to the nearest branch. Money mostly moved as paper bills and paper checks. This only really started to change in the 1960s, as credit cards became widely adopted. My Finances Rewards Banking Banking

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“Reining in Repeat Offenders”: 2022 Distinguished Lecture on Regulation, University of Pennsylvania Law School

Consumer Finance

Prepared remarks of Rohit Chopra at the University of Pennsylvania Law School. Op-ed Speech Supervision Enforcement

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