American Profit
OCTOBER 20, 2022
As the end of the year approaches, a question that many creditors grapple with is, “ Should I assign slow-pay/delinquent customers to collections around the holidays ?” The answer to that question should be a resounding “ Yes.”.
Enterprise Recovery
OCTOBER 14, 2022
When making the decision to use commercial debt collection services, businesses should be choosy. Not only are you selecting a company that should be efficient in recovering what's owed to you, but your brand reputation is also at risk.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Credit Management Company
OCTOBER 27, 2022
In November 2021, the new Consumer Finance Protection Bureau (CFPB) Debt Collection Rule went into effect. This rule limits how often a collector can contact a debtor while also establishing rules around social media and what information must be included in a voicemail.
Enterprise Recovery
OCTOBER 7, 2022
If we think of cash flow as important as oxygen to the human body, then accounts receivable is as important as the lungs. When extending credit to clients or invoicing them for goods and services, we're expecting pure, clean cash to flow back into our business.
Speaker: Dr. Karen Hardy, CEO and Chief Risk Officer of Strategic Leadership Advisors LLC
Join this exclusive webinar with Dr. Karen Hardy, where she will explore the power of storytelling in risk communication as a core component of a resilient organization's management framework!
NACM
OCTOBER 26, 2022
The U.S. is in danger of reaching its $31.4 trillion debt limit sometime in 2023 if Republicans and Democrats can't agree to raise the limit.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
American Profit
OCTOBER 11, 2022
Over the past couple of years, you may have noticed that our team has paid particular attention to tracking the compliments and kind words that consumers give our debt collectors. While many types of businesses only track numbers, we pay attention to what people are saying.
Nexa Collect
OCTOBER 31, 2022
It is recommended to assign accounts for collections roughly when they are between 60-90 days past due for a maximum recovery rate. The recovery rate dips as the account gets old. The following chart demonstrates the relationship between the Account-age and Recovery-Rate.
Collect More
OCTOBER 9, 2022
The dreaded late fee. Loved if you’re the one charging and collecting them, hated if you’re the one paying them. But a late fee is a late fee right? Wrong. Whilst the concept itself is fine and we actively encourage the use of them, it is vital you do it the right way. Do’s: – Have a written agreement with your customer which covers the late fees. Without one, you technically cannot charge them. Simply having a clause on your invoice isn’t enough.
Enterprise Recovery
OCTOBER 1, 2022
Growing a new company isn't for the faint at heart. Employees must be passionate, willing to go the extra mile, and work long hours as part of a cycle of endless expectations.
Advertisement
The experiences of every generation are characterized by their behaviors involving finances. Understanding these attitudes and using them to inform marketing messages enables community banks, regional banks and credit unions to better serve their customers.
Debt Recoveries
OCTOBER 3, 2022
Recoveries are the Bermuda triangle of the claims process, where recoverable funds are all too often lost, forgotten, or not given the priority they deserve. To avoid the Bermuda triangle, gather all relevant information at the start of a claim.
Account Recovery
OCTOBER 28, 2022
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.
American Profit
OCTOBER 13, 2022
Our economy is changing rapidly and there has never been a better time for your business to do a health check. Everything seems to be rising for those running a small business.
Nerd Wallet
OCTOBER 12, 2022
I heard a podcast last week about how runaway inflation in Argentina has caused everyone to party more. When inflation gets really bad, there’s no reason to save cash for a later date since it will only get less valuable. So Argentines tend to spend their paychecks as soon as they come in, filling.
Speaker: Ryan McInerny, CAMS, FRM, MSBA - Principal, Product Strategy
This exclusive webinar with Ryan McInerny will teach you all about cryptocurrency and NFTs! Register to learn more about identifying crypto transactions, crypto asset market trends, managing risk and compliance, and supporting customers and partners using crypto-based payments.
Fraser
OCTOBER 17, 2022
As we previously addressed in 2021, Congress passed the Corporate Transparency Act (“CTA”), which requires certain business entities to report the “beneficial ownership” of an entity to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCen”).
Enterprise Recovery
OCTOBER 25, 2022
In a recent Forbes article, the contributor suggests that older entrepreneurs outperform younger startup founders and lists numerous examples. GoDaddy was founded by Bob Parsons at age 47. E-Trade started with Bill Porter at age 54. Leo Goodwin, the founder of Geico, was 50.
Sawin & Shea
OCTOBER 26, 2022
When filing for bankruptcy, you can discharge certain types of personal loans, meaning that you’re no longer legally responsible for paying off the debt.
Account Recovery
OCTOBER 28, 2022
Advertisement
Looking for a cloud-based collection platform that keeps track of accounts across teams, providing customizable workflows to keep collectors in sync with their collection strategy?
American Profit
OCTOBER 31, 2022
We are entering a new type of economy in the coming months. If your small business wants to be prepared to weather the changing economic conditions, now is the time to act and put the systems in place to ensure your organization continues to thrive.
Nerd Wallet
OCTOBER 14, 2022
Since President Joe Biden announced cancellation of billions in student debt on Aug. 24, multiple lawsuits have risen to challenge his executive order. Any viable legal challenge has the potential to delay or halt cancellation. Here’s what to watch.
Consumer Finance
OCTOBER 12, 2022
Some financial institutions and colleges may be steering students to more expensive financial products. Press release Students Banking Credit cards
True Accord
OCTOBER 5, 2022
Delivering communications to your customers has always been a compliance challenge with the plethora of laws, regulations, court decisions, and regulatory guidance in the debt collection space.
Speaker: Alex Jiménez, Managing Principal, Financial Service Consulting for EPAM
The largest banks have increased reserves for protection against deteriorating economic conditions. Should banks delay their digital transformation investments and focus on cost reductions? In this webinar, Alex Jiménez will walk us through that question and examine the prudent course of action.
Sawin & Shea
OCTOBER 12, 2022
Filing Chapter 7 bankruptcy provides numerous Indiana residents with debt relief. But the filing process also involves the liquidation of particular kinds of personal property.
Account Recovery
OCTOBER 31, 2022
Fraser
OCTOBER 27, 2022
The US Department of Labor recently issued a Notice of Proposed Rulemaking that, if adopted, would change the standard for analyzing a worker’s classification as either an employee or independent contractor.
Nerd Wallet
OCTOBER 1, 2022
Making money with Bitcoin (BTC) has become increasingly difficult in 2022. Prices have tumbled following a crypto crash. Promises of free Bitcoin are often scams.
Speaker: Elizabeth "Paige" Baumann, Founder and CEO of Paige Baumann Advisory, LLC
In this session, Elizabeth “Paige” Baumann will cover the Anti-Money Laundering Act of 2020, which also includes the Corporate Transparency Act. She'll take a deep dive into the catalysts that brought on the act, the current implications of the act, and what impacts the act has on the future of banking and finance.
Expert insights. Personalized for you.
187 
Let's personalize your content