August, 2020

How Much Money Do You Need to Buy a House?

Credit Corp

According to the U.S. Census Bureau, the median sales price of new homes in May 2020 was around $317,000. Even if you’re purchasing a home that falls well below that average, chances are it’s one of the most expensive things you’ll ever buy.

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Why Your “Calling Identity” Matters

Arbeit Software

Identifying yourself as a trusted, legal caller is the first line of defense in mitigating improper call blocking and labeling events

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Google Your Business: How to Use and Improve Your Google Business Profile

NCBA Law Practice Management Blog

If you don’t use, or haven’t optimized for , web directories, you’re missing out on a fantastic way to build your online brand. Online directories are great for building linkbacks to your website, a s well as for creating domain authority.

Between Two FinTechs: An Interview Series with FinTech industry leaders

True Accord

Perspectives from Melissa Guzy, Co-founder and Managing Partner of Arbor Ventures. At TrueAccord, we are motivated by how our work impacts consumer finance through technology.

Save Money As A Family: 3 Ways To Teach Kids Good Savings Habits

Kasasa

With the average American household holding almost $100,000 in debt , there are too many families in the United States struggling to keep up financially. Parenting Tips

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Need to Know About Debt Negotiation and Settlement?

Sawin & Shea

If you’re dealing with debt and considering filing for bankruptcy, it’s a good idea to get professional legal advice on how to handle the proceedings. There are countless scams and “credit repair” cons trying to take advantage of your situation when you need help the most.

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Worker Payroll Tax Payment’s Delayed By Executive Order

Fraser

On Saturday, the President issued an executive order to defer the withholding, deposit, and payment of certain payroll taxes paid from September 1st through December 31, 2020, although the President indicated that it could end up being applied retroactive to August 1st.

Mac Daddy: Devices Don’t Matter Anymore

NCBA Law Practice Management Blog

With more and more attorneys working from home, more and more attorneys are using multiple devices than ever before. A common arrangement is to have a desktop at the office, and a laptop at home -- even as lawyers are working from home more and more often.

College Going Online? Student Loans Still Cover Living Costs

Nerd Wallet

Attending college from a laptop in your childhood bedroom might not be the experience you had in mind. But just because you’re not living in a dorm this fall doesn’t mean that expenses disappear.

10 warning signs your identity has been stolen

Kasasa

You or someone you know may have already been the victim of identity theft. But that’s not the only scary part. What’s also scary is you may not even know when — or how — it happened. Was it last week’s online shopping spree?

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TrueAccord discusses COVID-19 and collections

True Accord

The COVID-19 crisis has ushered in an era of extreme uncertainty. As the country begins to slowly recover, the collections industry will face serious challenges.

Term Life vs. Whole Life Insurance: Which Is Best for You?

Credit Corp

Taking out a life insurance policy is a great way to protect your family’s financial future. A policy can also be a useful financial planning tool. But life insurance is a notoriously tricky subject to tackle.

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Tips for Successful Skiptracing at Scale

Arbeit Software

Is your agency's skiptracing procedure as efficient as it can be? We spoke to Chris Ball of Belvista Software to learn more about how agencies can maximize their skiptracing procedures and outcomes

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Trust Fall: If You Haven’t Already, Now Would Be a Good Time to Automate Your Trust Account Management

NCBA Law Practice Management Blog

Law firms put themselves through some interesting gymnastics in order to reconcile trust accounting, well or poorly – mostly poorly. There’s a couple of reasons for that: (1) Lawyers are pretty bad at math, finance. That’ s definitely a thing. (2)

Bailiffs allowed to return to Debt Collection duties

UK debt collections

Local Authorities have been given the green light to send Bailiffs to collect outstanding debts. This follows a five month suspension due to the coronavirus pandemic.

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Are debit cards secure? Yes, and here's why.

Kasasa

Are debit cards safe? What about when compared to using cash or a credit card? Identity Theft

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Pitfalls on the Path to Digital Debt Collection

True Accord

Banks are accelerating their adoption of new digital debt collection tools in anticipation of a “tidal wave of consumer debt issues” when government stimulus programs end and financial institutions stop offering forbearance and loan deferral options.

Federal Loans Are Paused Until 2021 — Should You Pay Anyway?

Nerd Wallet

Payments are currently suspended, without interest, for federal student loan borrowers until Dec. Originally, a six-month suspension was announced in mid-March as part of a measure included in the coronavirus relief package. It was extended until the end of the year by an executive order.

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When Is the Right Time to Be Thinking About Bankruptcy?

Sawin & Shea

Sometimes the best offense is a good defense, even when it comes to finances. If you have been hit hard by the economic upheaval of the coronavirus, filing for bankruptcy may be your best option.

Charging Order: Nowadays, You’ve Got to Communicate Total Cost of Representation to Potential Clients

NCBA Law Practice Management Blog

Law firms have traditionally hewn to an hourly billing model; and, in doing so, have been reticent to quote legal consumer s anything outside of an hourly rate.

Number of Business CCJ’s drops by 30%

UK debt collections

The number of County Court Judgments registered against businesses England and Wales has fallen by nearly 30 percent compared with last year. The first half of 2020 has seen a huge reduction compared to the same period of 2019 according to figures released by Registry Trust.

What Affects Your Credit Score

Better Credit Blog

Credit scores affect almost every aspect of your financial life, but what affects them? While some factors that impact your score are obvious, like your payment history, others might surprise you.

The Ins and Outs of Cottage Succession Planning in Michigan (Part One)

Fraser

This is part one of a two-part blog post series on cottage succession planning in Michigan. The family cottage is a place for fun and relaxation in Michigan. It’s where different generations gather and form lifelong memories.

How Often Can You Check Your Credit Score, and How Do You Get It?

Credit Corp

Are you trying to keep a closer eye on your finances? Or maybe you want to get an auto loan, but you want to make sure your score is in good shape? Either way, you might be wondering if you’re checking your credit score too much.

Update on the Second Round of Stimulus Checks

Debt

There are signs that another round coronavirus relief – and the $1,200 second stimulus check that’s the featured centerpiece in it – may not happen after all. Democratic leaders Nancy Pelosi (D-Calif.) and Chuck Schumer (D-N.Y.)

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New Agency Owners Share Their Story

Account Recovery

Jordan Akins and Robyn Bowman are the team behind Delta Credit Management, a collection agency based in Flint Township, Mich., that announced its opening this week.

Device protection 101: How to keep your gadgets safe

Kasasa

Woe be the case for those who have experienced any of the following (what feels like) catastrophes. Cracked smartphone screen from a fall? Tablet bit the dust last time you tried to read in the bathtub? Drone hit a tree? Laptop drank your venti iced mocha latte?

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Ohio Bankruptcy FAQ: What Is a Means Test?

Luftman, Heck & Associates.

There are two types of personal bankruptcy available – Chapter 7 and Chapter 13. Both have benefits depending on your situation and need. Chapter 13 creates a payment plan so it is easier to pay off at least portions of your debts in three to five years.

6 Great Recession Money Lessons That Still Apply Today

Nerd Wallet

The Great Recession demolished jobs across the U.S., and it eventually came for mine, too. After graduating in 2009, I worked four months as an entry-level executive assistant at a nonprofit before being laid off.

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How to Pay Collections

Credit Corp

When you’re trying to conquer unpaid debts sent to collections, you’ll likely face some obstacles. Two of the most common are coming up with enough money to pay off the debt and negotiating a payment plan or settlement you can afford.

Thriving In Third Party Debt Collection: An Interview with John Bedard

PDC Flow

This year has seen vast, unexpected change for the credit and collection industry. As many professionals work to navigate this new world of remote work and prepare for the months to come, attorney John Bedard has been a dominant voice, guiding collectors through the struggle.