Collect More

JUNE 29, 2021

One of the first things you should do if your overdue customer is also a business is identify their structure- go to www.abr.business.gov.au and search their name. If they are a Pty Ltd company then it’s worth doing a company search- what you are trying to find out is: – Who the directors are, bearing in mind they are often not the person you’ve been dealing with. – What their Registered Office address is (if it is their Accountants like most companies, then you can call

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Collections 100

FFGN COLLECT NY

JUNE 30, 2021

Today, you have six years to collect monies owed from consumer credit transactions. However, a bill approved by the New York Senate seeks to shorten the time to collect consumer credit transactions to three years. In a continuing effort to avoid deceptive collection practices and inequities, the Senate approved Bill S153. The Consumer Credit Fairness Act will impact creditors and consumers in the transaction of and collection of New York debt collection and is a clear signal of things to follow.

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Collection Industry News

JUNE 28, 2021

Source: site. California lawmakers have advanced a budget proposal to stop collecting child support debt from some parents who are receiving cash assistance, but the proposed solutions are a far cry from what advocates for those debt-holders sought in January. The Legislature’s budget proposal would reduce or expunge debt owed to the government – not the debt owed to families – for parents whose only source of income is from Supplemental Security Income or State Supplementary Payment, the Cas

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Account Recovery

JULY 2, 2021

By virtue of not vetoing it, a new law has been enacted in Maine that expands the protections consumers will have with respect to garnishments, including for the first time, funds that consumers have in their bank accounts. This is the first time that Maine has updated its garnishment protections since the 1980s, according to … The post Maine Enacts Law Raising Garnishment Protections appeared first on AccountsRecovery.net.

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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.

Enterprise Recovery

JULY 2, 2021

When hiring someone to manage accounts receivable and collections, you're effectively putting your business in their hands. Think about it. If you need to ensure payroll and other business expenses are paid, you need working capital. The best way to gain working capital is to improve DSO ( days sales outstanding ) or the amount of time it takes to collect from credit sales.

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Nerd Wallet

JUNE 30, 2021

This article provides information for educational purposes. NerdWallet does not offer advisory or brokerage services, nor does it recommend specific investments, including stocks, securities or cryptocurrencies. Cryptocurrencies were all the rage earlier this year, with the prices of several coins surging to record highs and crypto exchange Coinbase making its public offering.

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Education 131

Account Recovery

JULY 2, 2021

In what is reported to becoming an increasingly common development in Fair Debt Collection Practices Act cases across the country, a District Court judge in New Jersey has temporarily terminated a motion to certify a class action and issued an order to both the plaintiff and defendant in the case to submit briefs on the … The post Judge Orders Parties in FDCPA Class Action to Submit Briefs on Issue of Standing Following TransUnion Ruling appeared first on AccountsRecovery.net.

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Fair Debt Collection Collections 246

Enterprise Recovery

JUNE 29, 2021

Every time your business submits an invoice, there is the risk that the invoice will not be paid. By accounting for this in financial statements, you're able to get an accurate picture of the actual value of receivables. When you're certain that an account is not collectible, for instance, you have the option to remove it from accounts receivable in your financial books by writing it off as bad debt.

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Collections 130

Jimerson Firm

JULY 2, 2021

Over the past decade there has been a sharp rise in employment discrimination lawsuits filed by pro se plaintiffs (i.e., former employee plaintiffs who represent themselves). Although litigation against an unrepresented party may seem like a layup, it actually requires significant expense to defend because pro se plaintiffs often lack the training that is so crucial to the speedy and efficient disposition of cases.

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Healthcare 98

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Nerd Wallet

JUNE 30, 2021

When Terika Haynes landed in Mexico, she skipped the rental car — and she skipped the taxi, too. Haynes, who works as a professional travel planner, did the math and determined that a limo was the cheapest option to get her and her friends from the airport to their resort. She calculated the cost of. Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com.

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Account Recovery

JULY 2, 2021

It’s Independence Day weekend here in the United States, so is there a better time to discuss the First Amendment to the Constitution? The timing is just coincidental, though, to Judge Howard Neilson of the District Court for the District of Utah, who relied heavily on the First Amendment’s Petition Clause to grant a defendant’s … The post Judge Uses First Amendment to Grant MTD in FDCPA Case appeared first on AccountsRecovery.net.

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Debt Recoveries

JUNE 30, 2021

A good way to reduce bad debts is having great systems in place at the beginning. One of the best tools you can have is a credit application form. Basically, this is a request, usually in writing, for an extension of credit. You can present one to your prospective customers if they are not paying upfront. . A valid credit application form will normally have the following: • Type of credit requested. • Amount of credit extended. • Cost of the credit (i.e. if you charge interest or a recovery fe

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Credit Unions Credit Unions Debt Recovery Debt collector 98

Jimerson Firm

JULY 1, 2021

NBC 6 South Florida interviewed managing partner Charlie Jimerson to discuss the recent Champlain Towers South building collapse in Surfside, Florida. He provided expert legal insight on the role of condominium and homeowners associations in Florida and discussed potential regulation changes the state may see in the aftermath of this tragic event. WATCH NOW.

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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

Nerd Wallet

JUNE 29, 2021

If you’re looking for an e-commerce platform to launch a small business website, Wix, Squarespace, and WordPress are names that rise to the top of any search. Each is a multipurpose platform that supports various online pursuits, from blogging, ecommerce sales, and online bookings, to event tickets, music and photography sales, and more. Where these.

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Account Recovery

JULY 2, 2021

JUDGE ORDERS PARTIES IN FDCPA CLASS ACTION TO SUBMIT BRIEFS ON ISSUE OF STANDING FOLLOWING TRANSUNION RULING In what is reported to becoming an increasingly common development in Fair Debt Collection Practices Act cases across the country, a District Court judge in New Jersey has temporarily terminated a motion to certify a class action and … The post Daily Digest – July 2.

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Fair Debt Collection Collections 246

PDC Flow

JUNE 29, 2021

Shopping for new business technologies can be a long, difficult process. Oftentimes, even scheduling a software demo can take time out of your day you may not be able to spare. Thankfully, accountsrecovery.net’s Q&ARM series is helping accounts receivable professionals make informed buying decisions to enhance the collection process , on-demand.

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Collections Financial services 96

Jimerson Firm

JUNE 28, 2021

Jacksonville, Fla. – June 28, 2021 – Jimerson Birr is proud to announced partners James O. “Joby” Birr, III and C. Ryan Maloney have been recognized among Florida Trend’s 2021 Legal Elite. This is the second consecutive year Maloney has earned the distinction, becoming the third multiyear honoree at the firm, joining Birr and managing partner Charles B.

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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

Nerd Wallet

JUNE 29, 2021

Bitcoin may be the “future of money,” but its future success is no guarantee. That’s true of any investment, and that’s why investors frequently flock to mutual funds and exchange-traded funds, which typically hold a diversified selection of stocks or other assets. But in the case of bitcoin, there is no bitcoin ETF available to. Alana Benson writes for NerdWallet.

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Trade 103

Account Recovery

JULY 1, 2021

Navigating the rough waters of credit reporting is tough sailing oftentimes. Even when a company tries to do the right thing, problems can arise. One defendant is learning that after a District Court judge in Missouri partially granted and partially denied its motion for judgment on the pleadings in a Fair Credit Reporting Act and … The post Judge Partially Denies Defendant’s Motion for Judgment in FCRA, FDCPA Case Over Removal of Dispute Notification appeared first on AccountsRecove

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Judgment 246

True Accord

JULY 1, 2021

In a recent report by the Aite Group , TrueAccord was featured in the inaugural edition of the “Retail Banking & Payments Fintech Spotlight” , which highlighted disruptive fintechs with a strong focus on technologies that improve the customer experience. Analysts from Aite Group selected the six featured fintech vendors exclusively based on their level of innovation and their interesting approaches to wider business challenges facing the retail banking and payments market from both bank and

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Financial Institution Retail Collection Agent Banks 88

Jimerson Firm

JUNE 29, 2021

In the mid-1880s, the U.S. Government was searching for a way to encourage westward expansion. To achieve its goal, Congress passed the Homestead Act of 1862 which rewarded individuals brave enough to head west by allowing them to claim up to 160 acres of land as their own homestead. Many individuals took advantage of the Homestead Act, but the Act lost steam and was formally repealed in 1976.

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Creditors Judgment Government Collections 98

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

Nerd Wallet

JULY 1, 2021

A midyear financial review is often a good idea. This year, it’s almost essential. With people going back to offices, travel resuming and Congress making significant changes to various laws affecting your finances, consider taking some time to check in on your money. You might be able to make some smart moves to reflect the. Liz Weston writes for NerdWallet.

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Account Recovery

JULY 2, 2021

The governor of Pennsylvania has vetoed proposed legislation that would have allowed state courts to hire private collection agencies to recover unpaid court fines and costs, saying it could “disproportionately” harm low-income individuals. Backers of the legislation said that allowing state court judges to hire private collection agencies could help collect on a backlog of … The post Penn.

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Collection Agencies Collections Agency Collections 246

Prosperity Now

JUNE 29, 2021

As we close Homeownership Month and move toward something that resembles normalcy, we need to take stock of not just

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Jimerson Firm

JUNE 30, 2021

When a borrower defaults on a mortgage, lenders will likely execute their right to foreclose on the property by filing a lawsuit. However, lenders are not always the successful party in the foreclosure and, to the disappointment of the lender, the lawsuit may be dismissed. Luckily, lenders can take a big sigh of relief because they may live to fight another day.

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Lender Foreclosure Banks Judgment 96

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