Account Recovery

MAY 12, 2021

A hospital in Alabama should serve as an example to every type of collection operation, be it a third-party agency, creditor, or otherwise, that transitioning away from letters and phone calls and promoting digital engagement with patients and debtors is the best way to thrive in today’s economy. Jackson Hospital is a $1.2 billion facility … The post How a Rural Hospital Used Digital Engagement to Boost Collections by 40% appeared first on AccountsRecovery.net.

Collections 214

Collections Debtor Creditors Healthcare 214

Nerd Wallet

MAY 12, 2021

Vivian Duelli had wanted to open a yoga studio for 18 years. Construction on her dream, Drift Yoga and Juice Bar, started in Seattle in February 2020. It stopped three weeks later due to the pandemic. “March came and April came, and we couldn’t go back yet to construction,” Duelli says. “I was trying to. Ryan Lane writes for NerdWallet. Email: rlane@nerdwallet.com.

Construction 72

Construction 72

Collection Industry News

MAY 11, 2021

Source: site. Mark M. Miller, a Kenmore debt collector, is under investigation by federal Homeland Security Investigations agents for alleged wire fraud in connection with unlawful debt collecting. Agents seized $90,385 from Miller in 2020 while executing a raid at a Kenmore home he owns. Provided by Mark M. Miller. A Kenmore debt collector may have ended up hounding the wrong guy for a debt his mother allegedly owed.

Debt collector 40

Debt collector Government Collections Collection Agent 40

Enterprise Recovery

MAY 14, 2021

Accounts receivable refers to the amount due from customers for sales transactions using credit, financing, or regular timed retainer payments. When measuring and collecting A/R, your business gets a clearer view of dependable cash flow and has the data to make informed business decisions such as investments and hiring. To collect on past due receivables effectively, the sooner you're aware of non-payment, the more likely you can recover what's owed.

Collections 130

Collections 130

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.

Account Recovery

MAY 11, 2021

ST. GEORGE, Utah – May 11, 2021 – TCN, Inc., a global provider of a comprehensive cloud-based call center platform for enterprises, contact centers, BPOs and collection agencies, today announced the launch of TCN Operator, the next generation of its flagship platform. Built for the modern call center, TCN Operator features an intuitive interface and a comprehensive … The post TCN Launches TCN Operator, Its Next-Generation Call Center Platform with a Comprehensive Suite of Automated Agent T

Collection Agencies 246

Collection Agencies Collections Agency Collections 246

Credit Corp

MAY 12, 2021

Do you have some big savings goals this year? Or maybe there are a few things you’d like to buy, but need to save up for first. Saving money isn’t impossible—but you do need to be smart. Wondering how to save for big purchases? Honestly, it depends on a lot. You have your own unique and personal needs, budget and financial situation. So what works for you might not work for someone else.

Banks 109

Banks 109

Jimerson Firm

MAY 12, 2021

Stormwater management systems if managed correctly can greatly enhance the value and safety of a community. As community associations managers and governing boards are well aware, however, stormwater management systems can be expensive, and their operation and maintenance highly contentious. This blog provides an overview of what a stormwater management system is, the challenges associations face with respect to these systems, and the proactive measures association leaders should take to minim

Construction 103

Construction Government Collections 103

Account Recovery

MAY 10, 2021

A debt collector in Buffalo who is allegedly being investigated by authorities now has a civil lawsuit to defend himself against, who denies any wrongdoing and that he is being unfairly targeted to the point where he has made the decision to get out of the debt collection business, according to a published report. Mark … The post Collector Under Investigation Now Facing Civil Suit appeared first on AccountsRecovery.net.

Debt collector 246

Debt collector Collections 246

Nerd Wallet

MAY 12, 2021

While you left your car parked for long stretches during the coronavirus lockdown, it might have had some unwelcome visitors: rats, mice, squirrels or even possums. These critters like building nests in cozy, dark, dry places and enjoy munching on the insulation of your engine’s wiring system, resulting in expensive repairs. But furry trespassers are.

Loans 132

Loans 132

Advertisement

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

Sawin & Shea

MAY 12, 2021

As medical costs continue to soar in the U.S., up to 62% of bankruptcies now include significant medical debt. A health event like an accident, disease, or surgery can bury someone in a mountain of medical bills. Many people are turning to medical bankruptcy, which is a bankruptcy that wipes out all bills related to an expensive health situation. If you’re considering bankruptcy to deal with medical debt , here are some important things you should know.

Bankruptcy 98

Bankruptcy Chapter 13 bankruptcy Lawyers Unsecured Debt 98

Troutman Sanders

MAY 11, 2021

The Department of Financial Protection and Innovation (DFPI) of California entered a settlement agreement with Chime Financial, Inc. (Chime), a neobank company that is not licensed to operate as a bank or otherwise exempt from licensure, but works with banking partners to issue consumer banking products. The DFPI found that Chime potentially violated California Financial Code Sections 561 and 563 by (1) using the website “chimebank.com” and (2) using the words “bank” and

Banks 98

Banks 98

Account Recovery

MAY 10, 2021

A District Court judge in New York has granted a defendant’s motion for judgment on the pleadings after it was sued for allegedly violating the Fair Debt Collection Practices Act when it mentioned in a letter that an account may be placed with an attorney “for possible legal action” and that it did not specify … The post SDNY Judge Grants Motion for Defendant in FDCPA Case Over Issues with Letter appeared first on AccountsRecovery.net.

Fair Debt Collection 246

Fair Debt Collection Judgment Collections 246

Nerd Wallet

MAY 14, 2021

What is money management, exactly? It’s a plan for your money so you can make the most of it. This plan typically involves budgeting and saving money, avoiding or reducing debt and investing in your future. If learning how to manage your money sounds intimidating or stressful, take it one step at a time. Below. NerdWallet writes for NerdWallet. Email: articles@nerdwallet.com.

120

120

Advertisement

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

Prosperity Now

MAY 12, 2021

Many structural and systemic factors , including job quality and wages, costs of housing, health care and overall living, influence

98

98

Credit Corp

MAY 12, 2021

Although the number of identity theft cases fell from 16.7 million in 2017 to 14.4 million in 2018, the number of people held financially liable in these cases and the amount of their losses increased, according to the Insurance Information Institute. These identity theft statistics show that identity theft is still a major concern and consumers need to be on high alert to avoid becoming the next victims.

Garnishment 104

Garnishment Creditors Banks 104

Account Recovery

MAY 10, 2021

SDNY JUDGE GRANTS MOTION FOR DEFENDANT IN FDCPA CASE OVER ISSUES WITH LETTER A District Court judge in New York has granted a defendant’s motion for judgment on the pleadings after it was sued for allegedly violating the Fair Debt Collection Practices Act when it mentioned in a letter that an account may be placed … The post Daily Digest – May 10.

Fair Debt Collection 246

Fair Debt Collection Collections Judgment 246

Nerd Wallet

MAY 12, 2021

Most travelers start vacation planning by scouring the internet for a great flight deal. Then, it’s time to scout out hotels. Booking the rental car is a boring afterthought. But in 2021, you need to consider completely flipping the order of operations in which you book your next trip. Among the many travel industry changes. Sally French writes for NerdWallet.

115

115

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

Prosperity Now

MAY 12, 2021

With Tax Day almost upon us, many Americans are turning to paid tax preparers to help them file their returns.

105

105

Credit Corp

MAY 12, 2021

COVID-19 shook the world. Businesses all over the planet went bust in the face of lockdown and changing consumer spending habits. There were a few notable exceptions, however—Venmo, for instance, grew exponentially in 2020. You’ve probably used Venmo a lot this past year, but is Venmo safe? And if so, what are the advantages of Venmo over other online payment providers?

Banks 72

Banks Retail Financial Institution 72

Account Recovery

MAY 10, 2021

The House of Representatives appears to be gearing up to vote on a number of bills, including a package of proposed legislation that would address how debts are collected across the country, and ACA International has started an effort to mobilize the industry encouraging members of Congress to vote no on the measure. A published … The post House Preps Vote on Key Debt Collection Bill appeared first on AccountsRecovery.net.

Collections 246

Collections Fair Debt Collection Foreclosure Loans 246

Nerd Wallet

MAY 11, 2021

In case you had any doubts about it, the U.S. has officially entered a recession since the COVID-19 outbreak. True, it may seem like the economy has shuttered entirely, but the reality is that not every business is doomed to fail right now. Quite the contrary: Some businesses, like the recession-proof business ideas listed ahead, Sally Lauckner writes for NerdWallet.

111

111

Speaker: William Hord, Senior VP of Risk & Professional Services

Enterprise Risk Management (ERM) is critical for industry growth in today’s fast-paced and ever-changing risk landscape. When building your ERM program foundation, you need to answer questions like: Do we have robust board and management support? Do we understand and articulate our bank’s risk appetite and how that impacts our business units? How are we measuring and rating our risk impact, likelihood, and controls to mitigate our risk?

Banks

UK debt collections

MAY 13, 2021

The Insolvency Service will be given powers to tackle the problem of Dodgy Directors. They will investigate directors of companies that have been dissolved. The objective will be to close a legal loophole and provide strong deterrent against abuse of the dissolution process. The process will no longer be able to be used as a method of fraudulently avoiding repayment of Government-backed loans given to businesses to support them during the Coronavirus pandemic.

Government 69

Government Loans Creditors 69

Credit Corp

MAY 9, 2021

When it comes to managing your money, it’s good to be smart. So many people go through life with little awareness of where their money is going, how they’re spending it, or even how they’re earning it. That’s why many people are in debt or living paycheck to paycheck. It’s important to be realistic about your finances , even once we reach retirement age.

Healthcare 98

Healthcare 98

Account Recovery

MAY 14, 2021

The House of Representatives yesterday passed H.R. 2547, the Comprehensive Debt Collection Improvement Act, a collection of bills aimed at reforming how debts are collected in the United States. The bill passed by a vote of 215-207 and now heads to the Senate for its consideration. The bill, which was officially sponsored by Rep. Maxine … The post House Passes Debt Collection Reform Bill appeared first on AccountsRecovery.net.

Collections 245

Collections Foreclosure Loans 245

Nerd Wallet

MAY 10, 2021

QuickBooks Live Bookkeeping is an add-on for QuickBooks Online that does exactly what the name suggests: It connects QuickBooks clients to QuickBooks-certified bookkeepers for personalized, real-time support. This service can be a major help for business owners who don’t have the time to keep their own books and who want the hands-on, human support that a basic, Billie Anne Grigg writes for NerdWallet.

105

105

Advertisement

Discover a modern, cloud-based collection system that never takes a rest day. MeridianLink® Collect is an intuitive platform with advanced customization options developed to simplify the collections process. Here are four ways MeridianLink Collect can support your team: Omnichannel communications Compliance rules & checklists Workflows & queues One interface with supporting integrations And that’s just the start.

Collections