UK debt collections

NOVEMBER 13, 2020

We are all familiar with the terms No win no fee debt collection or free debt collection but what is the real story here. Seemingly ‘cheap’ debt collection services are not always the way to go as it could cost you a lot more than you think. The UK is in the latter end of a unprecedented pandemic that has forced a recession. When recession happens or cash flow is significantly reduced, companies are naturally looking for a way to spend ‘less’ money.

Collections 68

Collections Collection Agencies Collections Agency Law Firms 68

Jimerson Firm

NOVEMBER 16, 2020

When a borrower applies for a loan, most lenders require the borrower to pledge an asset as security for the repayment of the loan, i.e. collateral. In the event the borrower defaults, usually by failing to make loan payments, a secured creditor has a right to take possession of the collateral. § 679.609, Fla. Stat. The quickest and cheapest way for a secured creditor to take possession of the collateral is by self-help repossession.

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Secured Creditor Repossession Collateral Creditors 69

In the Red

NOVEMBER 23, 2020

Each year amendments are made to the rules that govern how bankruptcy cases are managed — the Federal Rules of Bankruptcy Procedure. The amendments address issues identified by an Advisory Committee made up of federal judges, bankruptcy attorneys, and others. The rule amendments are ultimately adopted by the U.S. Supreme Court and technically subject to Congressional disapproval.

Bankruptcy 189

Bankruptcy Government Debtor Creditors 189

Account Recovery

NOVEMBER 24, 2020

A group of consumer advocacy organizations have published a guide to help individuals with student loans navigate their way through the COVID-19 pandemic and beyond, offering a “roadmap” to provide “substantial relief” to the 44 million individuals who have student loan debt. Among the ideas published in the guide are: Cancel student loan debt to … The post Consumer Groups Publish Report Offering Suggestions to Help Student Loan Crisis appeared first on AccountsReco

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Student loans Student Loans Loans 246

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.

American Profit Recovery

NOVEMBER 2, 2020

By Tracey: I have been through many changes in my life and never for one minute would I have thought I would change careers and become a collection specialist. In January I took a great leap of faith and was offered a job at American Profit Recovery. I feel it was the best thing I ever did. It has been quite a long time since I could say I really enjoy coming to work.

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Collections 246

Credit Corp

NOVEMBER 19, 2020

Small businesses are a huge part of the American economy. They make up 99% of all businesses in the nation. But even in good times, small businesses have around a 50% long-term survival rate , making economic uncertainty and a global pandemic extremely worrisome for many small-business owners. Find out how you can support small businesses in your community this holiday season to help make your local economy a bit merrier and brighter.

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Retail 128

UK debt collections

NOVEMBER 13, 2020

Delayed payments continue to plague suppliers, particularly Small Businesses, and unfortunately, the global pandemic has only worsened this pain point. This week’s B2B Data Digest looks at the latest stats in the fight against late payments, and finds several instances in which the COVID-19 crisis has exacerbated the late payments problem. 25 companies surveyed in the denim supply chain have revealed “destructive” behaviors from their corporate clients, according to a new rep

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Retail Construction Bankruptcy Government 109

The Kaplan Group

NOVEMBER 21, 2020

What will be different about accounts receivable in 2021? Most of us will be pretty eager to leave 2020 behind. But, a lot of what we’re experiencing now, will most likely carry over into the new year. At least in terms of the economy. Here are 5 trends I’m expecting to see emerge or continue in accounts receivable in the new year. 1. More automation.

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Collection Agencies Collections Agency Collections Banks 105

Account Recovery

NOVEMBER 23, 2020

OCC ISSUES PROPOSED RULE TO OFFICIALLY END OPERATION CHOKE POINT Without ever mentioning its name, the Office of the Comptroller of the Currency on Friday issued a proposed rule that would put an end to Operation Choke Point by calling on banks to ensure provide access to services and capital based on the risks of … The post Daily Digest – November 23.

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Banks 246

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Collections

American Profit Recovery

NOVEMBER 25, 2020

By Matt Moskowitz: “Your hardest times often lead to the greatest moments of your life. Keep going. Tough situations build strong people in the end” – Roy Bennett. “The flower that blooms in adversity is the rarest and most beautiful of all” – Walt Disney. No surprise, but 2020 has been a challenge for all of us! I find that in the most challenging and darkest times is when I have grown and reflected the most.

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Nerd Wallet

NOVEMBER 10, 2020

This article provides information and education for investors. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. If you’ve ever wondered how your retirement savings stacks up against your peers, you’re in good company. The desire to know where you land.

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Education 145

Credit Corp

NOVEMBER 15, 2020

When you’re in debt, getting calls from debt collectors is common. But can debt collectors call on holidays? Although there are no regulations that specifically make calling on holidays illegal, there are regulations that prohibit debt collectors from contacting consumers at unusual or known inconvenient times. . Find out more about the answer to this common question, and learn what you can do to take care of your debt for good. .

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Debt collector Creditors Fair Debt Collection Garnishment 119

PBWT

NOVEMBER 15, 2020

The Bankruptcy Code enables a trustee to set aside certain transfers made by debtors before bankruptcy. See 11 U.S.C. §§ 544, 547, 548. These avoidance powers are subject to certain limitations, including a safe harbor in section 546(e) exempting certain transfers. Among other things, section 546(e) bars avoidance of a “settlement payment. made by or to (or for the benefit of). a financial institution [or] a transfer made by or to (or for the benefit of) a. financial institution.

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Bankruptcy Financial Institution Debtor Judgment 104

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Collections

Fico Collections

NOVEMBER 24, 2020

As we head into the holiday season, you’ve probably had enough stress in 2020. But wait––yet another wrench has been thrown in this challenging year! Fraud has spiked during the pandemic , with criminals upping their game as consumers swing into holiday shopping mode. Read on for five powerful fraud-fighting tips to help you break out of the 2020 doldrums and end the year with a little less stress!

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Banks Government 98

Account Recovery

NOVEMBER 24, 2020

EDNY JUDGE GRANTS MTD IN FDCPA LETTER CASE A District Court judge in New York has granted a defendant’s motion to dismiss after it was sued for violating a number of provisions of the Fair Debt Collection Practices Act, such as including multiple addresses in a collection letter and because he received two letters that … The post Daily Digest – November 24.

Fair Debt Collection 246

Fair Debt Collection Collections 246

Jimerson Firm

NOVEMBER 23, 2020

When a small business association (“SBA”) loan is converted to liquidation status, the lender must begin liquidating the collateral. Lenders must liquidate all personal property that has a Recoverable Value over $5,000. If the Recoverable Value is over $5,000, the lender must decide which method of liquidation is the most appropriate to maximize the recovery in the shortest amount of time.

Loans 98

Loans Collateral Secured Creditor Lender 98

Nerd Wallet

NOVEMBER 9, 2020

Baby boomers now owe the most student debt, according to new data from the financial services company Fidelity. Their average outstanding loan balance: $75,000. The research says that’s due in part to federal parent PLUS loans. According to the most recent data from the Department of Education, more than 3.5 million parents nationwide have these. Ryan Lane is a writer at NerdWallet.

Student loans 145

Student loans Student Loans Loans Education 145

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

Credit Corp

NOVEMBER 18, 2020

Identity theft is a major problem. According to the Federal Trade Commission (FTC), there were more than 650,000 victims of identity theft in 2019, making ID theft the most-reported type of FTC complaint. Chances are good that you will encounter identity theft in your lifetime. That was the case for at least 1 in 10 Americans ages 16 and older in 2016, according to the most recent data from the Bureau of Justice Statistics.

Student loans 111

Student loans Student Loans Loans Financial Institution 111

Luftman, Heck & Associates.

NOVEMBER 20, 2020

Chapter 13 bankruptcy can help consolidate your debt so you can repay it, usually over 3 to 5 years. Your monthly payments will depend on your income since the plan is income-based, and while Chapter 13 can put you on the right financial path, it typically means making sacrifices in the short term. One of the most common things people scale back on is making their car insurance payments.

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Chapter 13 bankruptcy Bankruptcy 98

Roths Child Law

NOVEMBER 16, 2020

Many college graduates in Tennessee are struggling with student loan repayments, and you might be among them. Whether you have federal loans, private loans or some combination of the two, student loan debt has kept people from buying homes, starting businesses or even having children, to the extent that it has become a national issue of concern. Is public service loan forgiveness for you?

Loans 98

Loans Chapter 7 bankruptcy Student loans Student Loans 98

Account Recovery

NOVEMBER 20, 2020

Generally, things that are sticky are not things that are sought after and desired. But when it comes to practice and training, that needs to be sticky to be effective. Because how many times have you set up a training session for your collectors, watched them walk back to their desks and use it for … The post Training Bytes Video: How to Use Practice to Help Motivate Collectors appeared first on AccountsRecovery.net.

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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.

Jimerson Firm

NOVEMBER 13, 2020

When a small business association (“SBA”) loan is converted to liquidation status, the lender must begin liquidating the collateral. If the collateral is real property, the lender must liquidate all parcels of real property that has a Recoverable Value over $10,000. If the Recoverable Value is over $10,000, the lender must decide which method of liquidation is the most appropriate to maximize the recovery.

Loans 98

Loans Collateral Foreclosure Lender 98

Nerd Wallet

NOVEMBER 30, 2020

President-elect Joe Biden’s proposal to forgive $10,000 of federal student debt as COVID relief could erase loan balances for 15 million borrowers and reduce balances for millions more, according to federal data. Broad student loan forgiveness could affect 45.3 million borrowers with federal student loan debt who owe a total of $1.54 trillion to the.

Student loans 134

Student loans Student Loans Loans 134

Credit Corp

NOVEMBER 12, 2020

You might have heard that bankruptcy gives you a clean financial slate, but that’s not exactly accurate. For those experiencing serious financial distress, bankruptcy can be a way to eventually restart. Depending on your financial situation, you can get rid of debts or restructure them. But this doesn’t give you a clean slate, especially on your credit report.

Bankruptcy 105

Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Loans 105

Consumer Finance

NOVEMBER 11, 2020

On November 12, 2020, the Consumer Financial Protection Bureau announced a settlement with Afni, Inc. to address its violations in providing information to consumer reporting agencies (CRAs).

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Debt collector Collections 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