February, 2021

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Thinking Outside the Inbox: Email Tips

NCBA Law Practice Management Blog

Email drives business; yet, it also drives most of us crazy. If this is the year you want to take control of your email, here are some steps you can take: -Consider using a non-email program for in-office communications, like Slack. This will mean that your inbox can become ‘ mission-critical ’ , where you receive only messages from clients and colleagues, while you r staff and associate messages filter to another media.

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Debt Collection Fintech InDebted Completes Acquisition to Enter the U.S. Market & Announces Key Executive Hires

Account Recovery

Sydney, Australia – 8th February, 2021 – InDebted, the Sydney headquartered fintech that specializes in digital debt collection for unsecured consumer debt, today announced that it has acquired Delta Outsource Group Inc. (Delta) in the USA to launch its product and service into the American market, and hired three key executives to help globally scale … The post Debt Collection Fintech InDebted Completes Acquisition to Enter the U.S.

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Why Financial Productivity Begins with a Positive Mindset

Credit Corp

The following is a guest post by Orion Talmay, of Orion’s Method. Dealing with finances can be stressful and leave you feeling overwhelmed. It’s all too easy to ignore mounting debts or believe you’ll never save up a significant amount of money. But taking control of your life and changing the way you think can make a huge difference. We take a look at why financial productivity begins with a positive mindset.

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When is a Startup Considered a Real Business?

Enterprise Recovery

Defining 'startup' isn't as simple as it would seem. To some, your business is no longer a startup when you begin turning a profit. To others, 'startup' is a state of mind, like always chasing or hustling to push out new ideas. If your company has been calling itself a 'startup', what have you determined pushes you past that startup idea? When is a startup considered a real business?

Startups 246
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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

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Heading to Vegas

American Profit Recovery

By Angela: At American Profit Recovery we do more than collect money for our clients. We have fun together, raise money together and work hard together. As the years go on one thing always remains the same, our employees look forward to our annual “Employee Week”. During this week we raise money for Summer Charities of Choice and Adopt a Family and have a lot of fun doing this.

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New Report From Consumer Financial Protection Bureau Finds Over 11 Million Families At Risk Of Losing Housing

Consumer Finance

Today, the Consumer Financial Protection Bureau (CFPB) issued a report that warns of widespread evictions and foreclosures once federal, state, and local pandemic protections come to an end, absent additional public and private action. Over 11 million families are behind on their rent or mortgage payments: 2.1 million families are behind at least three months on mortgage payments, while 8.8 million are behind on rent.

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NCLC Report Spotlights Growing Problem of Unpaid Utility Debts

Account Recovery

A big bill is coming due soon for a lot of people across the country who are likely to end up hearing from debt collectors but are probably not going to be able to repay the debt, according to a report from the National Consumer Law Center. The NCLC’s report did a deep-dive into the … The post NCLC Report Spotlights Growing Problem of Unpaid Utility Debts appeared first on AccountsRecovery.net.

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Cost Segregation Study: Claim Faster Property Depreciation in Your Taxes

Nexa Collect

Businesses that thrive are the ones who go after every opportunity and advantage they can acquire in order to improve their cash flow and secure their working capital. ‘ Fortune favors the bold ’, and in business, you’ve got to explore beyond your comfort zone in order to hunt bigger rewards and add them to your bottom-line. You may have heard of cost segregation studies as a property owner’s way to tax benefits, but while the overall idea is appealing, the complex process and the prospect of in

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How Long Can a Collection Agency Attempt to Collect Business Debts?

Enterprise Recovery

If your business has sent bad debt accounts off to a collections agency, you likely have questions about recovering that debt. Typically, commercial collections agencies only charge a fee if they're able to collect. The agency should also be transparent about the collections process and the documentation along the way. But you may also be wondering how long they'll work on your behalf before you take the case to court.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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How to choose a medical debt collection agency

American Profit Recovery

If your practice has been looking through a list of medical collection agencies in search of just the right fit, we want you to take a moment to read some of the tips that our experts here have come up with. Choosing the right partner to work with your patients and handle payment arrangements is a critical part in managing not only your cash flow but your reputation.

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Black-Owned Banks and Credit Unions: Where to Find Them

Nerd Wallet

Black-owned banks tend to serve African Americans more than other banks do. Their mission includes closing the wealth gap in America. » Skip ahead to the list of Black-owned U.S. banks and credit unions The typical white family has eight times the wealth of the typical Black family, according to a 2019 Federal Reserve survey. Spencer Tierney writes for NerdWallet.

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New and Updated Scorecard Policy Data to Kick off the State Legislative Season

Prosperity Now

New Prosperity Now Scorecard data on policy adoption across the states is now available just in time for the start

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Appeals Court Affirms MSJ Against Debt Buyer in Contract Breach Case

Account Recovery

The Third Circuit Court of Appeals has affirmed a lower court’s ruling in favor of a defendant that was sued by a debt buyer for failing to provide the proper information for accounts that were purchased by the buyer because it did not send its emails to the address noted in the underlying agreement. A … The post Appeals Court Affirms MSJ Against Debt Buyer in Contract Breach Case appeared first on AccountsRecovery.net.

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Agent Tooling: Connecting AI to Your Tools, Systems & Data

Speaker: Alex Salazar, CEO & Co-Founder @ Arcade | Nate Barbettini, Founding Engineer @ Arcade | Tony Karrer, Founder & CTO @ Aggregage

There’s a lot of noise surrounding the ability of AI agents to connect to your tools, systems and data. But building an AI application into a reliable, secure workflow agent isn’t as simple as plugging in an API. As an engineering leader, it can be challenging to make sense of this evolving landscape, but agent tooling provides such high value that it’s critical we figure out how to move forward.

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Collection Agency for Semen Distributors & Breeders

Nexa Collect

Unpaid invoices are fairly common for animal breeders and semen distributors. There are times when repeated follow-ups with your customer simply does not help, and your past-due accounts receivable start to dig into your profits. It is fairly common in the breeders’ industry to assign past-due accounts to a debt collection agency. The involvement of a third-party agency does the trick in most cases.

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How to Collect from Non-Paying SaaS Customers

Enterprise Recovery

Setting up any sort of retainer or regular payments seems to be a great business model. Subscribers to software-as-a-service are auto-billed or auto-renewed regularly, funding any updates to the product and keeping cash flowing. The challenges arise with missed payments or non-paying customers. Is there a good way to collect from non-paying SaaS customers?

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Drop in UK Business Insolvencies masking a grim reality

UK debt collections

According to latest figures, Corporate and Business Insolvencies fell by 27.1% for 2020 in England and Wales. Unfortunately the statistics do not tell the whole story as many businesses in the UK are in distressed situations. There is a huge pile up of unpaid invoices in the UK with Small Businesses and organisations afraid to act. Many companies are simply waiting for ‘normal’ to return but nobody can actually forecast when that will be.

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6 Black Financial Pros to Follow in 2021

Nerd Wallet

We were fortunate enough to connect with six financial experts who are big on helping people with their money. While they range in their professions — including certified financial planners, podcast hosts and authors — they all had to think about how to move forward after 2020. They offered their thoughts about people of color. Amanda Cruz-Lombrana writes for NerdWallet.

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Future-Proof Your Firm: Smarter Tech for Stronger Returns & Simpler Workflows

Speaker: Joe Wroblewski, Senior Sales Engineer

Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!

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When consumers chime in anonymously on a dispute between a business and one of its customers

Public Citizen

by Paul Alan Levy. Our latest case about the right to speak anonymously is in federal court in Chicago, flowing from a dispute between a prominent vlogger named Cristina Villegas and a plastic surgeon named David Shifrin who, Villegas complained, “botched my nose job.” Villegas posted a 23-minute-long  YouTube video which recounts the inadequacies that she perceived in the doctor’s work; toward the end, she says that, hoping to forestall a public airing of her complaints, he offered to ref

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Bill Introduced in Maryland to Overhaul Collection of Medical Debts

Account Recovery

A bill has been introduced in both Houses of the Maryland state legislature that would create a threshold amount for which collection lawsuits can be filed while also establishing credit reporting guidelines, limiting the fees that can be collected for individuals who qualify for reduced or free medical care, limiting the amount of interest that … The post Bill Introduced in Maryland to Overhaul Collection of Medical Debts appeared first on AccountsRecovery.net.

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How to Create a Winning Talent Strategy for Your Dental Practice

Nexa Collect

Running a dental practice isn’t easy. And it isn’t made any easier by the fact that the average dentist has little to no business experience when first starting out. But as any experienced dental office manager can tell you, success always comes down to being able to build the right team to support the dentist and see to the needs of every patient.

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Webinar: Digital Debt Collections 101 with Klarna and TrueAccord

True Accord

Watch the full recording here , or read on to learn more about this webinar. Poor customer experience. Compliance challenges. Reputational risk. These are some of the factors that have prevented lending organizations – from areas as diverse as Fintech, utilities, service organizations, property management, telecommunications, and more – from investing in debt collections.

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

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10 Things Taxes Pay For: Where Do Your Federal Tax Dollars Go?

Credit Corp

Your taxes pay for a variety of government services, as well as government debt and salaries. The federal government spends a lot of money. In 2019, for example, the government spent a total of around $4.4 trillion. You know that sounds like a lot, but how much is it really? . For comparison, $4.4 trillion was around a fifth of the total national GDP for that year.

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Where to Look If Your Small Business Can’t Get a PPP Loan

Nerd Wallet

The Paycheck Protection Program can be a lifeline for businesses that qualify, but it’s not the only program available for business owners struggling during the coronavirus pandemic. Those who don’t meet PPP requirements may be eligible for grants and other financing, including state and local grants and other loan programs supported by the Small Business.

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Average Unpaid Small Business Debts rise by £173k

UK debt collections

New research from Sage, has highlighted the impact of the Covid-19 pandemic with the average SME business now burdened with £173,000 additional debt per year. Ahead of the UK’s 2021 Budget and Economic Recovery Plan, the research highlights the tough conditions that will be facing small and medium-sized businesses (SMEs) well into the second half of 2021.

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Judge Denies Stay Request in FCRA Permissible Purpose Case

Account Recovery

A District Court judge in Arizona has denied a motion to have a Fair Credit Reporting Act class-action case stayed against a law firm accused of accessing an individual’s credit report without a permissible purpose pending the outcome of a case before the Supreme Court. A copy of the ruling in the case of Wolf … The post Judge Denies Stay Request in FCRA Permissible Purpose Case appeared first on AccountsRecovery.net.

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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.