October, 2019

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Dear Debt, This Won’t Last

Dear Debt

Hello debt fighters! We have a dear debt letter from Nia Simone, a personal finance writer for the website Money Done Right. Dear Debt, You are the weight that’s constantly… Related Posts: Dear Debt, You Almost Killed Me. Dear Debt, You Make Me a Bitter Betty. Dear Debt, I Was Cheating on You. Dear Debt, I Am Enough. What the Worst Year of My Life Taught Me About Money.

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Final Demand Letter Templates

C2C

For a variety of reasons some accounts just don’t respond to the usual 90 days of letters, emails or calls. It is important at this point to stick to your policies and not lose credibility by duplicating previous steps. The. Read More » The post Final Demand Letter Templates appeared first on C2C Resources Commercial Debt Collection Agency.

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Brit Suttell Elected to Board of NCBA

BN Lawyers

Barron & Newburger is proud to announce that Brit Suttell has been elected to the Board of Directors of the National Creditors Bar Association. Ms. Suttell works in the Pennsylvania office of Barron & Newburger, P.C. where she is a member of the firm’s Consumer Financial Services Law Practice Group. Ms. Suttell is experienced in the creation, implementation and administration of policies, procedures, and compliance management systems.

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Debt-Service Coverage Ratio: A Useful Financial Measurement for Assessing Future Debt Recovery

Debt RR

Debt-service coverage ratio (DSCR) is a vital corporate finance tool. It’s how lenders measure an organization’s available cash flow to pay off debt obligations, essentially a credit score for a business. Even governments use DSCR to determine other countries’ ability to pay for the goods it exports. For perspective, the U.S. government’s public debt hit a historic high of $22 trillion in Feb 2019 , according to the U.S.

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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.

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How To Hire A Collection Agency To Collect A Debt [VIDEO]

Taurus Collect

How to hire a collection agency to collect a debt – in 3 simple steps! How To Hire A Collection Agency To Collect A Debt – In 3 Simple Steps! If you are wondering how to hire a collection agency to collect a debt, check out our testimonials. Or to make contact, please email enquiries@tauruscollections.com or call on 01332 565 350 to see how we can help you improve your cashflow and debt collection rates.

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Important update about CSA 2020 Events

CSA

As part of our ongoing commitment to add value to member businesses, each year we review the services offered to members in addition to the benefits they receive from their annual membership fee. As part of this review we assess our yearly events across a number of different criteria, and after careful consideration, from 2020 onwards, the Board of the Association has decided to replace our annual Members?

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2019 NE Utilities Credit & Collection Conference (NEUCC)

Optio Solutions

The NEUCC is an organization run by volunteers from the northeastern U.S. utilities industry. Their Credit and Collection Conference is geared towards assisting members in addressing their revenue cycles with new strategies. Collections, credit, payment processing, field services, and customer service are all topics to be discussed at NEUCC. Representatives of electric, gas, and water… The post 2019 NE Utilities Credit & Collection Conference (NEUCC) appeared first on Optio.

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Barron & Newburger Sponsors Austin Film Festival

BN Lawyers

Barron & Newburger, P.C. is a proud sponsor of the 2019 Austin Film Festival. Known as the Writer’s Festival, this year’s festival features 23 movie premieres as well as numerous panels with industry leaders. Barron & Newburger founder, Barbara Barron said, “We have been a film festival sponsor for many years as a way to give back to the creative city where our main office is located.” The Barron & Newburger logo appeared at the start of each of the movi

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How to Determine Debt Capacity for a Company

Debt RR

Most businesses will eventually need to borrow money or enter into a lease agreement. Whether it’s venture capital to get new technology off the ground or a lease for office equipment, financial transactions like these happen. There’s nothing wrong with this – it’s a standard course of business in many industries. In fact, some industries thrive on utilizing their debt efficiently to make the most of their cash flow.

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When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

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.

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Knowledge Base: How Tech-Competent Are You?

NCBA Law Practice Management Blog

Almost every state bar association ( including yours , by the way) has adopted a new comment (inspired by the American Bar Association Model rule) to Rule 1.1 respecting lawyer competence. In essence, the comment indicates that a lawyer’s competency is, in part, based on her familiarity and understanding of technology. This comment has recently been adopted, but it was probably long overdue.

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A Brief Guide on Services Provided by Debt Collection Agencies

Credits Inc

A study conducted in 2017 indicated 8,513 debt collection agencies were operating in the United States. The primary purpose of business debt collection services involves recovering delinquent amounts and past-due debts. A payment is considered late 30 days after an invoice is sent or after goods get to the client. Subsequently, the consumer officially becomes a debtor.

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CSA wins Excellence in Training Award for String of Learning and Development Achievements

CSA

The Credit Services Association (CSA), the voice of the UK debt collection and debt purchase sectors, has won the Excellence in Training Award at the 2019 Collections and Customer Service Awards. The Association was recognised for a string of achievements over the last 12 months, most notably the development of a new learning programme for five new niche apprenticeship standards for Financial Services and Regulatory Compliance, including standards that specifically address the needs of the debt

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[INFOGRAPHIC] Late payment excuses and what you can do about them!

Taurus Collect

These are just some the excuses we hear every day, but don’t accept them! There is always something you can do. If you need help collecting debts, just call us on 0800 069 8777 or email enquiries@tauruscollections.com for more information. Testimonials. Late Payment Calculator. The post [INFOGRAPHIC] Late payment excuses and what you can do about them!

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10 Ways to Improve Payment Collections with Salesforce

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.

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BNPC Attorneys Explain Merchant Cash Advances

BN Lawyers

Barbara Barron and Stephen Sather co-authored Why MCA? Adding Havoc to Chaos in Vol. 33, Issue No. 3 (July/Aug./Sept. 2019) of Commercial Law World Magazine. The article explains the relatively new phenomenon of merchant cash advances, which have been described as the merchant to merchant equivalent of consumer pay-day lending. Ms. Barron & Mr.

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UCC Filings for Your Business – Everything you Need to Know

Debt RR

Entering into financial agreements as a business is an important decision. In fact, financial decisions are some of the most important business decisions that are made every day. What happens to a business that enters into a financial transaction with another party? What liabilities exist, and what other risks are there to the business that enters into the transaction?

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Reply All: The Second Biggest Hidden Efficiency In Every Law Office

NCBA Law Practice Management Blog

Quick: What are the two things that lawyers do the most ? If you answered: respond to email and create documents, you’d be right.? Yet, even as lawyers spend more time answering emails than maybe anyone else, they’re still using antiquated methods for managing conversations with clients and colleagues. So, if you’re looking to get a better handle on your inbox, here are a few tools you can apply: Apply an email management tools that can automate some of your workflow.?

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What You Need to Know About Debt Collection Agencies

Credits Inc

Recovering outstanding debt from your customers is a difficult but essential part of running a successful business. As a business owner, when it comes to debt collection, you have a variety of options to choose from. You could try using effective communication skills and just contact your customer directly and ask for payment since they could have forgotten or they’re going through a rough financial patch.

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Connect, Care, Convert: Secrets to Establishing Trust with Niche Markets and Turning Them Into Clients

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?

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Third Circuit Doubles Down on §1692f Violations

Consumer Financial Services Law

By Anna Claire Turpin and Caren Enloe The Third Circuit recently doubled-down on its decision in Douglass v. Convergent Outsourcing , 765 F.3d 299 (3 rd Cir. 2014). In Douglass , the Third Circuit held that displaying an internal collection agency reference number through a glassine envelope window violated §1692f(8). In DiNaples v. MRS BPO, LLC , 934 F.3d 275 (3d Cir.

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Receiving a Summons from a Debt Collector – How Should You Respond?

Debt RR

Whether a business falls behind due to cash flow problems or unexpected legal trouble, debt can pile up quickly in tight situations. Dealing with debt collectors is stressful enough for most companies. Receiving a court summons from a debt collector is the last thing a business wants after dealing with their financial problems. A court summons can be frightening – most companies, especially small businesses and sole proprietors, don’t know what to do with one when they receive it.

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Recourse Factoring and How it Can Benefit Your Business

Debt RR

When it comes to debt collection and unpaid invoices, there are many ways a business can collect what is owed to them. Businesses can attempt to collect debt internally, putting a lot of time and resources into establishing processes and procedures, or they can use a debt collection agency that already has these processes in place. Using a debt collection company saves time and money, but what are some of the ways they can help a business?

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Texas Super Lawyers Recognizes Three Barron Newburger Attorneys

BN Lawyers

Manuel Newburger, Barbara Barron and Stephen Sather were each named to the 2019 edition of Texas Super Lawyers, a Thomson Reuters publication. Mr. Newburger, who has been listed continuously since 2005, was honored as a Top Rated Class Action & Mass Torts Attorney. Ms. Barron and Mr. Sather were both recognized as Top Rated Business Bankruptcy Attorneys.

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Successful Change Management with Enterprise Risk Management

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.

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Has Your Freelancing Business Has Been Scammed? Red Flags to Look For

Credits Inc

In today's world, freelancers are abundant. From photographers, graphic designers, writers, and video editors, more and more people are starting their own business doing what they love over the traditional nine-to-five. And who can blame them? It comes with some great perks. You get to set your own hours, travel whenever it suits you, and be your own boss.

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Factory Belt: The Biggest Hidden Efficiency In Every Law Office

NCBA Law Practice Management Blog

Quick: What are the two things that lawyers do the most ? If you answered: respond to email and create documents, you’d be right.? Yet, even as lawyers spend more time creating documents (pushing electronic paper) than anyone else, they’re still using antiquated methods for building documents from templates. Attorneys are very good at creating specific documents for clients from existing templates.?

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SCOTUS Set to Decide whether FDCPA’s Statute of Limitations is Tolled by “Discovery Rule”

Consumer Financial Services Law

By: Zachary K. Dunn The FDCPA requires that any lawsuit must be brought, if at all, “within one year from the date on which the violation” of the act occurs. 15 U.S.C. § 1692k(d). The US Supreme Court will hear argument this month in Rotkiske v. Klemm to decide whether this statute of limitations is paused until a plaintiff discovers the basis for his or her lawsuit.

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And Then.: Why Law Firms Need to Build Calls to Action

NCBA Law Practice Management Blog

Lawyers have always been good at networking because they know what they do like the back of their hands, and they’re good at talking about it.? Other marketing avenues, including online marketing, well. not so much.? Law firms often drop advertising without a clear call to action. Don’t know what a call to action is?? Here’s the only thing you need to know: if you look at a piece of marketing, and you can’t discern what to do next, the n you’ve failed as a marketer, because there is no ‘call to

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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

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.