Account Recovery

FEBRUARY 8, 2021

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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Credit Corp

FEBRUARY 17, 2021

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.

Banks 98

Banks 98

Enterprise Recovery

FEBRUARY 5, 2021

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?

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Startups 246

Nerd Wallet

FEBRUARY 5, 2021

As millions of Americans embark on the annual ritual of tax preparation this year, many will buy tax software or hire human tax preparers — and it probably won’t be cheap. Tax software can easily run $100 or more for many people, and human tax pros charge $203 on average to do a tax return, Tina Orem writes for NerdWallet. Email: torem@nerdwallet.com.

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Speaker: Erika R. Bales, Esq.

When we talk about “compliance and security," most companies want to ensure that steps are being taken to protect what they value most – people, data, real or personal property, intellectual property, digital assets, or any other number of other things - and it’s more important than ever that safeguards are in place. Let’s step back and focus on the idea that no matter how complicated the compliance and security regime, it should be able to be distilled down to a checklist.

Consumer Finance

FEBRUARY 28, 2021

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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Foreclosure 133

Account Recovery

FEBRUARY 18, 2021

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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Debt collector 246

Public Citizen

FEBRUARY 14, 2021

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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Enterprise Recovery

FEBRUARY 12, 2021

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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Collection Agencies Collections Agency Collections Commercial Collection 246

Nerd Wallet

FEBRUARY 1, 2021

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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Credit Unions Credit Unions Banks 143

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Are you finding some snags in your collections process? With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.

Collections

Credit Corp

FEBRUARY 24, 2021

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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Education Government 100

Prosperity Now

FEBRUARY 9, 2021

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

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Account Recovery

FEBRUARY 18, 2021

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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Debt Buying 246

Jimerson Firm

FEBRUARY 18, 2021

Florida’s Construction Lien Law found in Chapter 713, Florida Statutes, may seem like an area of the law that is only relevant to contractors and property owners. However, there are important aspects of the Construction Lien Law that can directly affect the rights and obligations of lenders in numerous ways. Although Florida’s Construction Lien Law “has long been recognized as an outstanding example of inept legislative endeavor, perplexing alike the bench and bar, contractors, owners, materialm

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For finance teams using Salesforce’s powerful CRM technology, automation can transform accounts receivable processes, driving efficiency and delivering measurable results like cost savings, reduced customer churn, and lower DSO.

Collections

Arbeit Software

FEBRUARY 16, 2021

With the release of the CFPB's new debt collection rule, having a strong online presence is more important than ever before for debt collection agencies. Working in collections can be stressful. Between keeping up with ever-changing restrictions, retaining & attracting talent, reaching consumers, and staying TCPA compliant, there's a lot to keep track of.

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Collection Agencies Collections Agency Collections 98

Nerd Wallet

FEBRUARY 9, 2021

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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Loans 142

Credit Corp

FEBRUARY 28, 2021

The COVID-19 pandemic has taken a financial toll on nearly all of us. Forced redundancies, business closures, dropped contracts and general economic instability have brought financial hardships to some more than ever. At the same time, missed rent payments and increased debt-to-credit ratios have produced a credit-ratings crunch across the board. COVID-19 loans for bad credit are on the rise—but do they deliver, or do they make things even worse?

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Loans Student loans Student Loans Debt collector 98

On Guard

FEBRUARY 16, 2021

10 Essentials of Credit Management. Credit management has become an increasingly important aspect of many organisations over the past years. And rightly so, because a lot can be achieved with a well-structured credit management process in place. Credit management is much more than making sure your customers pay on time. It is not rocket science but a powerful business function that can save your business time and money.

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Credit Management 98

Speaker: Lynnette Khalfani-Cox, The Money Coach®

Niche markets represent a huge opportunity for the financial services industry in America. From college students and women to communities of color and low-to-moderate-income households, niche populations have specialized financial needs – but they often underutilize many valuable financial products and services. How can you better connect with these consumers?

Financial services

Account Recovery

FEBRUARY 17, 2021

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.

Law Firms 246

Law Firms 246

Jimerson Firm

FEBRUARY 15, 2021

In Florida, mortgage foreclosure lawsuits are filed in the county where the property is located. Although Florida foreclosures are governed by Chapter 702 of the Florida Statutes , foreclosing lenders must also check the local rules of the court where the lawsuit is filed to make sure that they comply with any additional requirements. What is the Filing Fee?

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Debtor Daddy

FEBRUARY 3, 2021

We’re excited to announce our new partnership with invoice financing service FundTap. FundTap turns outstanding invoices into immediate cash so businesses can grow stress-free without being restricted by a shortage of cash.* Cash flow issues from long payment terms can cause serious headaches and hinder business growth. Partnering with FundTap will allow Debtor Daddy customers access to fast, simple and transparent business funding that will keep them moving forward.

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Nerd Wallet

FEBRUARY 3, 2021

Moms and dads who want to teach their kids about money have some trendy tools at their disposal: kid-focused mobile banking apps, many of which come with personalized debit cards. They teach kids how to save and spend (with mom or dad safely supervising account use) and make it easy to give an allowance. But. Margarette Burnette writes for NerdWallet.

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Banks 142

Speaker: William Hord, Vice President of ERM Services

A well-defined change management process is critical to minimizing the impact that change has on your organization. Leveraging the data that your ERM program already contains is an effective way to help create and manage the overall change management process within your organization. Your ERM program generally assesses and maintains detailed information related to strategy, operations, and the remediation plans needed to mitigate the impact on the organization.

Credit Corp

FEBRUARY 28, 2021

This post originally appeared on Your Money Geek. You invest in making your money grow, but your chance of loss is much higher than anything else without asset allocation and diversification. Fortunately, learning the basics of asset allocation and diversification is not as hard as it sounds. Check out this beginner’s guide to the investment strategies you should implement today.

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Trade Loans 98

Sawin & Shea

FEBRUARY 2, 2021

Have you wondered what will happen to your credit report during and after your bankruptcy? When you’re working with a bankruptcy attorney at Sawin & Shea, one of the services we offer is reviewing your credit report. Here’s why we do so and why it will be a huge help to you. And good news – it comes at no charge and is just part of the services we offer.

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Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Creditors 98

Account Recovery

FEBRUARY 17, 2021

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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Collections Healthcare 246

Jimerson Firm

FEBRUARY 8, 2021

The SBA Office of Credit Risk Management (“OCRM”), conducts continuous, risk-based lender oversight on all SBA lenders and CDCs. As part of this oversight, the OCRM conducts periodic on-site audits to evaluate the lender or CDC’s portfolio performance, credit administration, compliance with loan program requirements, and SBA operations management. 13 C.F.R. § 120.1050(a).

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Lender Loans Banks 98

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

Did you know that 2021 was a record-breaking year for ransomware? The days of a “once in a while” attack against businesses and organizations are over. Cyberthreats have become a serious issue. With 495.1 million attacks, the threat marked a 148% increase compared to 2020 and was the most expensive year on record! As a result, data protection needs to be a concern for most banks, businesses, and information technology specialists.

Banks