March, 2021

How to calculate loan payments in 3 easy steps

Kasasa

Making a big purchase, consolidating debt, or covering emergency expenses with the help of financing feels great in the moment — until that first loan payment is due. Suddenly, all that feeling of financial flexibility goes out the window as you factor a new bill into your budget.

Soon, Debt Collectors Can Contact You on Social Media

Sawin & Shea

A new rule will soon allow debt collection messages through social media. It’s expected to impact 1 in 4 adult Americans, or 70 million people , who have at least one bill in collections.

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Living Alongside Your Debt: 7 Tips on Managing Debt

Credit Corp

Even if you have a little bit of debt, you need to find ways to manage it properly. Whether you’re paying off your tuition, loans, or credit card bills, this guide has been designed to help you better manage your outgoings and gain a better understanding of the options available.

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Drive Safe: Cloud Data Storage Is Not Backup

NCBA Law Practice Management Blog

As much as I advocate for the use of cloud software by law firms, sometimes there can develop an over reliance on such tools by lawyers. Take, for example, cloud document storage.

Remember these top tax tips if your debts get cancelled

Roths Child Law

If you’re going to go through bankruptcy or to look for other methods of having debt cancelled, it’s important to know how your taxes are affected by that decision. When a lender cancels any part of your debt, that debt becomes income in most cases.

Small Businesses in ‘distress’ number triples

UK debt collections

New data released by Accountancy firm Mazars has shown a worrying rise in the amount of UK Small Businesses in financial distress. Over 135,000 Companies were shown to be suffering from financial strain this month, treble the pre pandemic average. Retail and service Businesses are the hardest hit.

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I’m Self Employed: What Are My Bankruptcy Options?

Sawin & Shea

Nobody wants to be in a situation where they have to file for bankruptcy, but for the self-employed, it can be a doubly crushing blow. You have worked hard to create your own source of income, but circumstances have made it impossible for you to pay your debts.

Average net worth by age: Where do you stand?

Kasasa

What’s your worth? It’s a relative concept. Saving Personal Finance Retirement

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The Best of What's Around: How Distributed Workforce Models Deliver Talent Like Nothing Else

NCBA Law Practice Management Blog

Law firm managers have always preferred to have staff onsite; and, the ongoing pandemic has represented a significant change in circumstances.

CFPB Compliance Bulletin Warns Mortgage Servicers: Unprepared is Unacceptable

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) today warned mortgage servicers to take all necessary steps now to prevent a wave of avoidable foreclosures this fall.

5 Options for People Who Can’t Afford Their Tax Bills

Nerd Wallet

If you know you’re getting a refund come tax time, filing your taxes can almost feel fun. But if you suspect you’re going to owe the IRS money you don’t have, it can be hard to even start the process. According to a NerdWallet survey, of those who failed to file by last year’s extended.

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Does Low-Income Housing Affect Nearby Home Prices?

Fraser

Recently, Redfin issued an analysis it performed looking at over 220,000 home sales and found NO consistent relationship between the addition of low-income housing and changes in home prices. In fact, in 4 metro areas homes sold for more after construction of low-income housing.

Bankruptcy and Your 2021 Stimulus Check

Sawin & Shea

When the first stimulus checks were distributed in the U.S. in 2020 due to the COVID-19 crisis, it came as a huge relief for millions of people. But for those contemplating bankruptcy, it brought a new worry. Will bankruptcy take away my stimulus check?”.

Is your money mindset ruining your life? Here's how to change it.

Kasasa

We can't live without money, but that doesn't mean our relationship with it is always healthy. Millions of Americans struggle with debt that robs them of hope and financial freedom. Even the government is struggling (stop rolling your eyes).

Bouncing Around the (Zoom) Room: Taking Advantage of Online Networking Opportunities

NCBA Law Practice Management Blog

Lawyers who relied totally on networking and the personal referrals generating therefrom have take a hit of late, as many of those in-person marketing opportunities have dried up, or been significantly reduced. It’s not the end of networking as we know it, even if it feels that way.

Enhancing Your Early Out Collection Strategy

PDC Flow

As accounts receivable professionals know, early out collection (also known as pre collection) is a typical practice to resolve healthcare bills. It helps medical facilities shorten the revenue cycle and settle accounts as quickly as possible.

Take Some of the Mystery Out of Buying a House Sight Unseen

Nerd Wallet

Last fall, when planning a move from North Carolina to Stillwater, Oklahoma, for a new job that would start in January, Andreza Conti Patara and her husband, Marcelo Patara, decided to buy a house.

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New clampdown on rogue car parking firms

UK debt collections

Private Parking firms are facing a government clampdown on rogue practices. Parking companies will be banned from issuing fines for minor misdemeanours such as entering registration plates wrong.

CFPB Rescinds Series Of Policy Statements To Ensure Industry Complies With Consumer Protection Laws

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) announced today it is rescinding seven policy statements issued last year that provided temporary flexibilities to financial institutions in various consumer financial markets, including the mortgage, credit reporting, credit and prepaid card markets.

These 6 tips can help you get out of debt

Kasasa

Debt, also known as consumer debt, is what you owe based on the money you borrowed from a credit union, bank, the federal government, or other lending entity. At some point in nearly everyone’s life, there will come a time when you’ll need to take on debt or use credit or credit cards.

Lead and Follow(up): What Do You Do with Potential Clients Who Don't Convert

NCBA Law Practice Management Blog

What happens when you don’t convert a lead? For most law firms, the answer is a resounding: absolutely nothing. But, just because a potential client doesn’t convert immediately, that doesn’t mean that you’ve lost that opportunity forever.

Will I lose everything if I file bankruptcy?

Albuquerque Law

What will happen to your property – and everything you have worked for – if you file bankruptcy? This is the most common worry that anyone facing significant debt has. This concern is often what makes individuals wary of seeking relief for that debt as well. It is understandable to worry about your property, everything from your family heirlooms to your family’s home. But is this truly something you should worry about?

Getting to Know Kristen DeFiore of Glasser and Glasser

Account Recovery

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

Regulators Care As Much About Consumer Preference in Debt Collection as Creditors

True Accord

Recent regulatory activity makes it clear: regulators care as much about consumer preference in debt collection as creditors.

CFPB Annual Complaint Report Highlights More Than a Half-Million Complaints Received in 2020

Consumer Finance

Today, the Consumer Financial Protection Bureau (CFPB) provided to Congress the Consumer Response Annual Report for 2020. The impact of the COVID-19 pandemic on the consumer financial marketplace is reflected in the increase of complaints submitted to the CFPB. Press release Consumer complaints Dat

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Debt Collection notices helped reveal Employee’s £1.7m scam

UK debt collections

When Company Bosses at a Scunthorpe based Business started receiving Commercial Debt Collection Agency letters alarm bells rang. Shortly after they found that one of their employees was stealing from the business on a massive scale.

Lost Highway: Modern Law Firms Require Revised Intake Systems

NCBA Law Practice Management Blog

More than 60% of law firm do not return voicemails. It takes an average of 8 emails to schedule an appointment with an attorney. Legal consumers , like all consumers, prize convenience, speed and responsiveness. Law firms often strike out in trying to meet that three-part requirement.

Eager Buyers Are Skipping Home Inspections. Is It Too Risky?

Nerd Wallet

Shopping for their first home in New Jersey, Alyse Storzieri and her boyfriend Robert Engel faced a tough market. So when they found a house they loved last June, the couple followed their real estate agent’s advice to make their offer stand out.

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Closing A Limited Company: All You Need To Know

Hudson Weir

Thinking about closing a limited company? There are several different routes you can take – and the one you choose will depend on you and your company’s specific circumstances.

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Is “living on less” really an option for debt relief?

Roths Child Law

You never expected to find yourself struggling this hard with your debts. Unfortunately, some find that unexpected changes in your career and finances have become crushing and you aren’t able to pay your bills. .