September, 2022

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The Many Hats of a Collections Specialist

American Profit

By Delaney: One thing I did not consider when applying as a Collections Specialist is just how many ‘hats’ I’d come to wear in this role. We work with a variety of clients – dental offices, lawncare services, banks, veterinarians, restoration companies, and medical laboratories – just to name a few.

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Compliance & Collections: 22 Essential Terms to Know

True Accord

The world of regulatory compliance can be a complicated place, especially when it comes to debt collection. It can be tricky for non-security and compliance professionals.

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Consumer Debt vs. Non Consumer Debt

Sawin & Shea

When filing Chapter 7 or Chapter 13 bankruptcy, it’s critical to understand the difference between consumer debt and non-consumer debt.

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How Does Accounts Receivable Increase Collections?

Enterprise Recovery

If your organization is facing slow cash flow, accounts receivable management may be the problem. Every invoice starts in accounts receivable so it's important to manage the procedures to reduce delinquent payments. Let's look at some efficient A/R practices to get you paid.

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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®

Lynnette Khalfani-Cox, The Money Coach, is here to give you insights into the consumer mindset along with proven strategies for nurturing trust and client-building in underserved markets.

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What to Do If Your Tenant Is Bankrupt

PBWT

On September 15, President Biden announced a tentative deal with unions representing tens of thousands of railroad workers that helped narrowly avoid a strike that threatened to devastate the country’s delicate supply chains that have been strained since the beginning of the pandemic.

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I don’t think my business can afford to use a collection agency-Now what?

American Profit

Hold on… not so fast! Before your business decides it’s not a good idea to use a collection agency or you simply cannot afford it, we have a few pieces of advice you should consider before shutting the door on getting third-party help.

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Will Your Business Survive if You Die?

Nexa Collect

The most successful business owners tend to have a plan for everything. If you ask them where they see the company in one year, five years, or a decade- chances are, they have a plan for that.

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What happens to your credit cards when you file for bankruptcy?

Roths Child Law

Personal debt can slowly accumulate over many years. It may have started with student loans while you got your degree. Then, because of your large student loan payments, you had to use credit cards to cover your basic cost of living expenses while establishing yourself as a professional.

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How to Stop Wasting Time in Your Business

Enterprise Recovery

Businesses have had to run leaner in recent years - something that startups know all about. A lean business is one that maximizes value with its resources and minimizes waste. People, money, and time are the most valuable resources in organizations.

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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.

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New SDNY Decision on Administrative Priority for Executory Contracts

PBWT

To encourage parties to transact with debtors in bankruptcy, the Bankruptcy Code in corporate bankruptcies provides highest priority to “administrative expenses,” which include “the actual, necessary costs and expenses of preserving the estate.” ” 11 U.S.C. §

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Collector Facing Class Action for Allegedly Shortening Validation Period

Account Recovery

EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit.

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Reasons why now is a good time to review your accounts receivables

American Profit

Your accounts receivables never sleep and it’s always a great time to review your procedures and make any adjustments necessary. After all, the health of your business depends on it.

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CFPB Orders Regions Bank to Pay $191 Million for Illegal Surprise Overdraft Fees

Consumer Finance

Repeat offender will refund at least $141 million to customers and pay $50 million penalty. Press release Debit cards Checking account Overdrafts Enforcement

Banks 114
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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.

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Top Litecoin Wallets for 2022

Nerd Wallet

Litecoin, one of the most commonly used alternative cryptocurrencies, is supported by many of the leading crypto wallets on the market.

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Enterprise Recovery obtains CLLA Certified Agency Status

Enterprise Recovery

Enterprise Recovery LLC was introduced in 2016 in response to our business clients' requests for industry-focused commercial debt collection.

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Dispelling myths about bankruptcy and your credit

Albuquerque Law

There are countless myths when it comes to bankruptcy. Many people believe myths such as only financially irresponsible people file bankruptcy, or that filing means they will lose everything. Some of the most common myths surround your credit. Here, we will discuss some of these.

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House Resolution Calls for Ban on Sale of Utility Debts, Restrictions on Credit Reporting

Account Recovery

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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.

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Professional development is a cornerstone here

American Profit

By Sabrine: Employees may not be comfortable asking questions or asking for advice from their peers because of the environment they are working in. Luckily here at American Profit Recovery, it’s unlikely to be the case because we provide professional development opportunities on a consistent basis.

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3 Payment Software Adoption Goals for Small to Midsize Businesses

PDC Flow

If you are evaluating your company’s payment software and communication workflows, you need to look not only at existing processes, but at the tools you’re using to engage customers.

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4 Things You Should Know About Working After You Turn 65

Nerd Wallet

The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.

Education 106
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Protect Your Business with These B2B Contract Terms

Enterprise Recovery

When selling your goods and services to another business, it's wise for both parties to sign a legally-binding agreement. This agreement will set expectations for both parties as well as provide proof of the arrangement if one of the parties doesn't come through.

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CFPB Study Details the Rapid Growth of “Buy Now, Pay Later” Lending

Consumer Finance

Business model relies on data collection, and loans serve as close substitute for credit cards. Press release

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FCC Starts Rulemaking Process to Block Unwanted Text Messages

Account Recovery

The Federal Communications Commission yesterday announced a Notice of Proposed Rulemaking that seeks to crack down on illegal and fraudulent text messages, finally taking action more than a year after initially announcing the proposal.

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Q&A: Code-Based Compliance for Collections

True Accord

Just as technology has evolved leaps and bounds, so have consumer communication preferences, especially when it comes to debt collection.

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Use Pay by Text (and More!) to Engage and Delight Customers

PDC Flow

Consumer preferences have changed. Most people want the fastest, easiest way to interact with your company – that means paper statements and telephone calls shouldn’t be your only way to engage with customers.

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Business Grants Are ‘Just Not That Easy’: 5 Tips to Help

Nerd Wallet

Business grants may seem like the holy grail for small-business owners, since they offer cash you don’t have to pay back. But finding one can feel as futile as searching for lost treasure. Everybody wants to know: How do I get free money for my business?”

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Will I Lose Everything If I File for Bankruptcy?

Sawin & Shea

Many people hold misconceptions about filing for bankruptcy. Perhaps the most common misconception is the notion that filing for bankruptcy means that you lose all of your wealth and possessions. This, of course, is entirely incorrect.