February, 2022

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11 Steps to improving your credit score

Kasasa

Debt Management

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Best reasons to use a Debt Collection Agency in 2022

UK debt collections

Whilst the UK struggles to recover from the pandemic , its never been a better time for Businesses to use a Debt Collection Agency. Debt Collection Agencies do not just act for Businesses, there are many Debt Collection Agencies for individuals also.

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What our debt collection team wants you to know

American Profit

We have assembled a fantastic group of professionals here and we believe we have some of the best debt collectors in the country. And it didn’t happen by accident.

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Daily Digest – February 28. Judge Remands Class Action Back to State Court; Advocacy Going After Civil Justice System

Account Recovery

JUDGE REMANDS FDCPA CLASS ACTION BACK TO STATE COURT FOR LACK OF STANDING A District Court judge in New York has remanded a Fair Debt Collection Practices Act class-action lawsuit back to state court, ruling that the plaintiff did not suffer a concrete injury to keep the case in federal court.

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The Power of Storytelling in Risk Management

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!

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How to Collect Past-Due Customer Payments

Enterprise Recovery

Enterprise Recovery is a debt collections agency that specializes in B2B account recovery. We do our best to recover what's owed to hard-working companies so they can retain working capital and continue their successful business ventures.

More Trending

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Does your loan come with Take-Backs™?

Kasasa

We've all been in situations we wish we could erase or change. It would be so nice to go back in time and make some tweaks, like not saying that one thing you definitely shouldn’t have said, or not making that little mistake that will play out in your head on repeat for years to come. that one.).

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Survey: Consumers Talk Financial Regrets, Credit Scores and Debt

True Accord

Most Americans are in enough credit card debt, they would do anything to go back in time and change the outcome of their financial situation, according to new research.

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Accounts receivable practices when your business solves problems quickly

American Profit

There are all types of businesses where serving the customer quickly just comes with the territory.

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Wash. AG Sues Hospitals Over ‘Aggressive’ Collection Efforts

Account Recovery

The Attorney General of Washington has filed a lawsuit against a hospital network for failing to ensure that certain patients were legally eligible for charity care and “aggressively” collecting $70 million from those individuals.

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How to Attract Multiple Generations to Open New Accounts and Apply for Loans

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.

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Self-Care for Entrepreneurs When Life Feels Overwhelming

Enterprise Recovery

As if starting and running a successful business isn't challenging enough, sometimes life throws curveballs. Whether it be illness, an accident, world events, or caring for family, entrepreneurs must prioritize their health and well-being.

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Allowing Clients to Hear Debt Collection Calls: Is it ok?

Nexa Collect

By law, all debt collection calls initiated by a collection agency must be recorded and preserved for three years after the date of the call. The primary objective is to check if there was a violation of debt collection laws (FDCPA laws), and those recordings can be reviewed if there is a need. .

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Debt Collectors being chased by their former Debt Collectors

UK debt collections

Debt Collectors and Bailiffs Steve Pinner and Paul Bohill earned fame across the UK featuring on Channel five’s Can’t Pay? We’ll Take It Away. Now they no longer work for DCBL (Direct Collections Bailiffs Ltd) that featured on the programme and are chasing their former employers for £200,000.

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Useful budget hacks for college students

Kasasa

Like many college students, the time you join college is your first time to handle money on your own. Creating a budget and sticking to it may seem hard, particularly if funds are limited.

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Everything You Need to Know About Crypto

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.

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Moving Up: Bankruptcy Code Dollar Amounts Will Increase On April 1, 2022

In the Red

An official notice from the Judicial Conference of the United States was just published announcing that certain dollar amounts in the Bankruptcy Code will be increased a larger than usual 10.973% this time for new cases filed on or after April 1, 2022.

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Judge Grants MTD in FDCPA Class Action Over Settlement Offer in Letter

Account Recovery

I think I’m probably not the only person in the world, who, when wandering around a store and coming across an item without a price tag, makes a comment about how said item must be free.

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Three Ways to Recover Unpaid Invoices

Enterprise Recovery

Unpaid invoices are the worst! While it's easy to react negatively to your late or non-paying clients, each invoice may require its own way of dealing with it. You can start proactively, including establishing a consistent invoicing process and following up as quickly as possible.

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Average Recovery Rate of a Collection Agency

Nexa Collect

An average collection agency will recover about 20% of the total debt assigned. Some clients may get a 100% recovery rate, for others it could very well be 0%. Here are the most important factors which decide how much a collection agency will collect for you: 1.

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Effortless. Efficient. Enjoyable. Collection Software Built for Collectors.

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?

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Top 5 Small Business Debt Collection Tips

UK debt collections

Small Business Debt Collection has never been more important as the UK economy continues to recover from the pandemic. Regardless of the damage covid has caused, the problem of small businesses not getting paid is nothing new.

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Parent's guide to 529 college savings plans

Kasasa

Are you already thinking you want your children to go to college one day? With the cost of higher education continuing to soar, parents should be thinking about setting aside funds for college tuition.

Education 105
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7 Black Financial Influencers to Follow in 2022

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.

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Daily Digest – February 25. Judge Grants MSJ for Defendant in TCPA ATDS Case; Plaintiff Accuses Collector of Requiring Reason for Dispute

Account Recovery

Judgment 246
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Exploring the Overlap: Cost Optimization and Digital Transformation

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.

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3 Big Differences Between Business Debt Collections and Consumer Debt Collections

Enterprise Recovery

Depending on the type of customer or client, debt collections can look drastically different. Either can still be frustrating but one type of debt could actually be harmful to the overall business. Consumer-facing business, for instance, is more transactional.

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Effect of Inflation on Unpaid Bills and Debt Recovery Rate

Nexa Collect

Inflation translates to higher accounts receivable and unpaid bills. Wage growth does not keep up with rising prices for most people. Whenever there is a spike in inflation, interest rates rise. This translates to higher delinquencies for credit card bills and more people unable to pay their mortgage. People divert their finances towards more necessary expenses like food and rent over other bills obligated to pay, but feel they can be deferred.

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Positive signs for Small Business recovery post covid

UK debt collections

BRITISH business is getting back on track – with resilient entrepreneurs up and down the country showing signs of recovery after overcoming the obstacles of the Covid-19 pandemic.

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Full Coverage; Despite Staffing Shortages

Receivables Control

My clients tell me that they are adjusting processes to overcome pressure from staffing shortages and economic uncertainty. The last two years have been extremely challenging and the forecast for the next year appears to be no better.

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The Anti-Money Laundering Act of 2020: Initial Catalysts, Current Implications, and Future Impacts

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.