Account Recovery

JULY 28, 2020

Hospitals and healthcare organizations have been given permission by the Department of Health & Human Services’s Office of Inspector General to sell their debts directly to RIP Medical Debt without having to go through a third-party, according to an advisory opinion released last week. The OIG’s advisory opinion was released following a petition from RIP … The post RIP Medical Debt Gets Thumbs Up From HHS OIG To Buy Directly From Providers appeared first on AccountsRecovery

Healthcare 242

Healthcare 242

Enterprise Recovery

JULY 31, 2020

Businesses and organizations are pushing through the effects of the pandemic on the economy, their industry or their customer response. At the time of writing this, there is no such thing as "after COVID-19" however experts are learning more each day. While everyone is searching for the next normal, it's important to consider how the virus has affected your client relationships and customer service.

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American Profit Recovery

JULY 27, 2020

There are many activities that help boost our economy. A healthy jobs market, business spending, banks lending money as well as consumer spending. But did you know that debt collections were also a big part of a healthy economy? For the consumer that may be in debt or having issues trying to catch up on financial obligations, they might not think so.

Collections 158

Collections Government Debt collector Collection Agencies 158

Nexa Collect

JULY 31, 2020

Credit card delinquency rates have been climbing since 2016. Average monthly balances have been trending up as well. And these figures are likely to worsen as the results of the pandemic mushroom out into the industry. The number of delinquent accounts will rise sharply, forcing companies into a defensive debt recovery position. If you find yourself in this position already, here are some tactics you can use to begin whittling these balances down.

Credit Card Debt 130

Credit Card Debt Collections Debt Recovery Collection Agencies 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

JULY 28, 2020

A number of consumer advocacy groups have asked the Federal Communications Commission to re-think a Declaratory Ruling related to interpreting how peer-to-peer messages are defined under the Telephone Consumer Protection Act. Last month, the FCC ruled that a calling platform does not meet the definition of autodialer under the TCPA — whether it is used … The post Consumer Groups Appeal FCC’s TCPA Ruling on P2P Texts appeared first on AccountsRecovery.net.

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Sawin & Shea

JULY 29, 2020

One of the things that people hear about bankruptcy is that it usually doesn’t discharge some debts owed to the government, like taxes. Even if you have a large burden of tax debt that is making it extremely difficult to reconcile your finances, bankruptcy can’t always help. However, here is some good news: You actually can eliminate and/or get some immediate relief from some tax debts in bankruptcy under certain circumstances.

Bankruptcy 124

Bankruptcy Chapter 7 bankruptcy Government Collections 124

Nexa Collect

JULY 28, 2020

Collecting outstanding debt isn’t an easy process. If a consumer has allowed their obligations to go into delinquency they’re usually either experiencing significant financial difficulty, they’re grossly irresponsible, or they have no intention of paying. None of these situations are amenable to fast debt recovery. Companies will generally try to collect on their outstanding accounts internally before passing their most egregious cases on to an external debt collection agency.

Collection Agencies 130

Collection Agencies Collections Agency Collections Debt Recovery 130

Account Recovery

JULY 28, 2020

Spire Recovery Solutions, a professional, nationally licensed full-service debt collection agency, announces the successful completion of the extensive Service Organization Control (SOC) 1 Type 1 audit from the American Institute of Certified Public Accountants. “Our team is very excited to share the news of our SOC 1 certification,” says Spire Recovery Solutions’ Chief Compliance Officer … The post Spire Recovery Solutions Earns SOC 1 Type 1 Certification appeared first on AccountsRecover

Collection Agencies 237

Collection Agencies Collections Agency Collections 237

Nerd Wallet

JULY 30, 2020

The coronavirus pandemic is far from over, and with the United States being one of the hardest hit countries, U.S. citizens are finding themselves blocked from entering many countries during the peak of summer. Europe, which is a favorite vacation destination for many, has basically closed its borders to U.S. citizens. If you’re hoping to. Elina Geller is a writer at NerdWallet.

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Collections

Credit Corp

JULY 26, 2020

Young families looking to achieve financial stability should consider several foundational steps… Click To Tweet. Young families looking to achieve financial stability should consider several foundational steps early on. These steps include making a plan to repay personal debts, saving up for a down payment on a house, and planning for the unexpected.

Student loans 112

Student loans Student Loans Personal loans Loans 112

Nexa Collect

JULY 28, 2020

As a full-time dentist and businessperson with a solitary dental practice, you are obligated to borrow values from both professions to form a devised strategy to effectively run your business. You are aware that a business establishment does not run on “debit” and that you will need all finances to be straightened out in order to keep your practice from hitting the bottom of the barrel.

Collection Agencies 130

Collection Agencies Collections Agency Education Collections 130

Account Recovery

JULY 30, 2020

The Attorneys General of California, New York, and Illinois yesterday filed a lawsuit against the Office of the Comptroller of the Currency, seeking to block the implementation of a new rule that ensures the terms of a loan remain valid after the loan has been sold to a non-bank entity, a key component when buying … The post Three AGs File Suit Against OCC to Block ‘Valid When Made’ Rule appeared first on AccountsRecovery.net.

Loans 221

Loans Banks 221

Nerd Wallet

JULY 29, 2020

Tuition bills are coming due, and while millions of students across the country are weighing the risks of going back to college in the middle of a pandemic, the most financially strapped students carry an added burden of dwindling aid. For Americans living in the lowest income brackets, college represents a way up the socioeconomic. Elizabeth Renter is a writer at NerdWallet.

Student loans 115

Student loans Student Loans Loans 115

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True Accord

JULY 27, 2020

As the US is starting to understand the impact of COVID-19 and its aftermath on our economy, more consumers are expected to default and find themselves dealing with debt. Banks, lenders, and other financial players are accelerating their digital transformation roadmaps, shortening years’ worth of development into mere months, in an attempt to service consumers at scale while managing the complexities of our new normal and the limitations of outdated infrastructure.

Financial services 99

Financial services Financial Institution Lender Banks 99

Nexa Collect

JULY 27, 2020

The quicker your business is able to collect on outstanding invoices, the healthier it will be financially. It’s better for cash flow purposes and saves money and headaches associated with trying to collect delinquent debts. The AR turnover ratio is a standard metric used to determine the pace with which businesses are able to collect their debts. It isn’t difficult to compute and knowing your company’s ratio will give you a benchmark against which you can judge attempts to collect invoices more

Collections 130

Collections Banks Debt Recovery 130

Account Recovery

JULY 29, 2020

A healthcare provider in Rhode Island has agreed to pay a fine of more than $1 million for alleged violations of the Health Insurance Portability and Accountability Act (HIPAA) after an employee’s laptop computer was stolen and the protected health information (PHI) of more than 20,000 individuals was compromised. The problem for the provider — … The post HHS Fines Provider $1M For Not Encrypting Data on Stolen Laptop appeared first on AccountsRecovery.net.

Healthcare 208

Healthcare 208

Nerd Wallet

JULY 29, 2020

If you’ve been staring at the four walls of your home since March, you might feel an itch to finally finish your basement or update your bathroom tiles. As long as you’re at home, you might as well enjoy what you’re looking at, right? According to a survey by online lender LightStream, 73% of homeowners. Annie Millerbernd is a writer at NerdWallet. Email: amillerbernd@nerdwallet.com.

Lender 98

Lender Personal loans Loans 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

Arbeit Software

JULY 31, 2020

Is brand building important in the debt collection industry? Sean Williams , Principal at Williams, Rush & Associates thinks so, and shares his strategies for building a positive reputation.

Collection Agencies 98

Collection Agencies Collections Agency Collections 98

Fico Collections

JULY 29, 2020

Financial Cliff: Desperate Times. The hopes of a fairly speedy return to a ‘Covid-normal’ in Australia have been dashed as Victoria has entered a second wave of infections. There is further evidence overseas that future spikes will continue to occur as countries attempt to relax restrictions. This all points to the likelihood of a protracted period of economic uncertainty as governments act to contain outbreaks when, and where, they appear.

Banks 95

Banks Loans Foreclosure Lender 95

Account Recovery

JULY 30, 2020

The “Getting to Know” series is sponsored by Arbeit. Arbeit is a powerful, and easy to use communications platform that empowers businesses to reach more consumers. Innovative by nature, we are constantly listening to and understanding the businesses we partner with and developing long term industry relationships that allow us to be proactive in anticipating … The post Getting to Know Lawrence Laskey of Windham Professionals appeared first on AccountsRecovery.net.

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Nerd Wallet

JULY 31, 2020

Traditionally, when you apply for a credit card, the card issuer conducts what’s known as a “hard pull” on your credit report to determine your creditworthiness. Such hard inquiries can ding your credit scores temporarily. But several credit card issuers offer a pre-qualification or preapproval process that lets you avoid that hit to your scores, at least.

Creditworthiness 96

Creditworthiness 96

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

Jimerson Firm

JULY 31, 2020

Within the last six months an inspector from the Occupational Safety and Health Administration (“OSHA”) visited your premises and you just received a “Citation and Notification of Penalty” for violations allegedly identified during the OSHA inspection. Now what? OSHA citations can be confusing, frustrating, carry heavy penalties, and must be responded to within a rather short fifteen working days.

Judgment 88

Judgment Government Law Firms Construction 88

Dear Debt

JULY 29, 2020

Right now we’re constantly hearing about “unprecedented times” and “uncertainty”. There are more question marks than answers. Legislation is in limbo. A major concern for many of us is money.… Related Posts: 10 Signs You Have a Toxic Relationship With Credit. 5 Gifts for the Money Nerds in Your Life. Dear Debt, We're Here Again. Student Loans Dictated My Life Choices — Until I Fought Back. cash-currency-dollar-finance-585292.

Student loans 88

Student loans Student Loans Loans 88

Account Recovery

JULY 30, 2020

Add the Court of Appeals for the Sixth Circuit to the list of Circuits in which the definition of an automatic telephone dialing system is not ARM-industry friendly, putting that team ahead 3-2 heading into the final rounds of a fight which will ultimately be decided by the Supreme Court. The Sixth Circuit yesterday affirmed … The post Another Appeals Court Sides With Marks in Defining ATDS Under TCPA appeared first on AccountsRecovery.net.

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Nerd Wallet

JULY 31, 2020

For some people, a pension is a route to retirement, but often it’s not the only way to get there. Here’s what pensions are, how they work and options if you don’t have access to a pension plan — or if the payouts will be too small to live off of in retirement. What is. Tina Orem is a writer at NerdWallet. Email: torem@nerdwallet.com. The article Pension Plans: Definition and How They Differ From 401(k)s originally appeared on NerdWallet.

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