Sat.Jul 16, 2022 - Fri.Jul 22, 2022

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More People Having Problems Making Ends Meet: Survey

Account Recovery

Three-quarters of individuals earning less than $100,000 per year say their earnings are falling behind their cost of living, compared with 50% who said so 22 months ago, according to the results of a survey released by Primerica. As well, the number of individuals who have an emergency savings fund that could cover an expense … The post More People Having Problems Making Ends Meet: Survey appeared first on AccountsRecovery.net.

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12 Ways to Make This Summer’s Travel Less Bad

Nerd Wallet

The on-time airline arrivals rate hasn’t been this bad since 2014. Since airports are chaotic, you may opt to drive, but gas prices have been soaring. Plus, hotel prices have hit all-time highs, even though many properties cut some services like daily housekeeping. Despite all those deterrents, traveling might be non-negotiable. You might have five.

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Do not put off hiring a collection agency this year

American Profit Recovery

Our economy is changing, and you need to be ready! If your business has thought about hiring a collection agency to improve cash flow, but has never made a firm decision, you’ll want to listen up. Economic conditions are changing rapidly, and your ability to weather the shifting conditions could rely on just a few basic principles and techniques in your business.

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Citing Uptick in Complaints, CFPB Will Push Banks to Refund More Victims of Money Transfer Scams

Troutman Sanders

As peer-to-peer money transfer services (or cash apps) become more popular, there has been an increase in the number of scams enticing consumers to transfer funds to fraudsters. The law currently provides that the banks that own the cash apps are only required to reimburse transactions not authorized by the customer — meaning if a customer is tricked into transferring money to a scammer, but authorizes the transaction, the banks are not responsible for those transactions.

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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

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.

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Collector Facing Class-Action Suit for Failing to Provide Validation Information in Initial Notice

Account Recovery

EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more? Call … The post Collector Facing Class-Action Suit for Failing to Provide Validation Information in Initial Notice appeared first on AccountsRe

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4 little known benefits of using a debt collection agency

American Profit Recovery

When running any type of business, you are obviously dealing with clients and customers who ultimately need to pay you for your goods and services. But we all know that there are a certain percentage of your customer’s over time that will drag out payments, not pay you at all, or run into circumstances where they lose the ability to meet their financial obligations.

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Continuous Financial Education for Women Small Business Owners

Fico Collections

Home. Blog. FICO. Continuous Financial Education for Women Small Business Owners. FICO-hosted panel at NAWBO’s 2022 Advocacy Days discusses how financial education impacts access to capital and business growth for small businesses. FICO. Tue, 02/18/2020 - 14:57. by Joanne Gaskin. expand_less Back To Top. Thu, 07/21/2022 - 15:30. In June, I had the pleasure of participating in a panel discussing credit access and financial education for women small business owners at the National Association of W

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Panel Discusses How Blockchain Can Improve Debt Collection Process

Account Recovery

ORLANDO — Could blockchain be coming to the accounts receivable management industry? A panel of speakers presenting at ACA International’s annual convention here yesterday laid out a series of scenarios in which the technology could be applied to debt collection process, with some surprising benefits. For those who are not terribly familiar with the technology, … The post Panel Discusses How Blockchain Can Improve Debt Collection Process appeared first on AccountsRecovery.net.

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11 Ways to Earn Hilton Points

Nerd Wallet

Hilton is one of the largest hotel chains in the world. With more than 6,800 properties worldwide, across 122 countries and territories, there is likely to be one of Hilton’s 18 brands in many of the destinations you are looking to travel to. Hilton’s loyalty program, Hilton Honors, offers its members the opportunity to collect. Aaron Hurd writes for NerdWallet.

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When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

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.

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TV stars company collapses due to unpaid debts

UK debt collections

Former Emmerdale TV soap Star Danny Miller has had his company put into liquidation due to a series of unpaid debts. The performing arts company Cannon Professional Acting company owing a whopping £117,528 of unpaid debts. The actor left the popular soap Emmerdale last year before going on to win the 2021 series of I’m a celebrity… get me out of here.

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Default: The Risk of Failing to Respond to a Lawsuit Brought Against You

Fraser

The risk of failing to respond to a lawsuit against you is severe. Understanding what a default is, and the implications associated with a default judgment is important when having a lawsuit brought against you. What is a default? A default can occur when a party that has been sued fails to respond to the complaint or otherwise defend against the lawsuit in a timely manner.

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Getting to Know Larry Baker of RGS Financial

Account Recovery

The “Getting to Know” series is sponsored by Applied Innovation. Applied Innovation is helping to shape the future of accounts receivable management. Product development is driven by customer feedback, agency profitability and compliance and includes platforms addressing client portal access, document management, payment negotiation, Regulation E focused electronic payment authorizations and TCPA communication authorization platforms. … The post Getting to Know Larry Baker of R

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Alaska Airlines vs. Delta Air Lines: Which Is Right for You?

Nerd Wallet

Once partners, now competitors, Alaska Airlines and Delta Air Lines each have a large presence at Seattle-Tacoma International and Los Angeles International airports. If you live near one of these cities or are planning a trip to visit, you’ll likely have flight options on both carriers. If you’re not already loyal to one or the. Anya Kartashova writes for NerdWallet.

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10 Ways to Improve Payment Collections with Salesforce

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.

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Enforcing a CCJ – What are the options?

UK debt collections

Obtaining and enforcing a CCJ may seem straight forward but that is not always the case. A CCJ ratifies a debt and makes it official that the debtor owes money and it must be repaid. Whilst obtaining a County Court Judgment (CCJ) is a often a necessary step in some situations, it does not guarantee the debt will be repaid. When a CCJ is not repaid despite a request by the court to do so, there are various options available to the claimant and creditor.

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What Debt Collectors Can and Cannot Do in Indiana

Sawin & Shea

Have you ever been incessantly contacted by a debt collection agency trying to get money from you? Many individuals experience unwanted contact from debt collectors and are unsure how to approach the situation. That’s why we’re here to help. It can be difficult to understand just what exactly these agencies are legally allowed to do, and what crosses the line.

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Daily Digest – July 22. Judge Denies Defendant’s MSJ in FDCPA Case; Collector Facing Reg F Class-Action

Account Recovery

JUDGE DENIES DEFENDANT’S MSJ, PARTIALLY GRANTS PLAINTIFF’S MOTION IN FDCPA CASE A District Court judge in California has partially granted a plaintiff’s motion for summary judgment while denying a defendant’s motion in a Fair Debt Collection Practices Act case, ruling that the defendant violated its discovery obligations by not providing documentation to prove the current … The post Daily Digest – July 22.

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Smart Money Podcast: Building the Right Team

Nerd Wallet

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week, we talk with a business owner about how she launched her IT consulting business, the way she learned to choose the right partners and what her exit strategy is. Check out this episode on any of these platforms: Apple Podcasts. Rosalie Murphy writes for NerdWallet.

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Connect, Care, Convert: Secrets to Establishing Trust with Niche Markets and Turning Them Into Clients

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?

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Shocking rise in Business Insolvencies

UK debt collections

A shocking rise in Business insolvencies has seen a 70% increase. The alarming rise has seen business insolvencies jump from 11,261 to 19,191 in the last year. This latest blow is according to analysis by international audit, tax and advisory firm Mazars. The company says the highest interest rates in 13 years have made businesses’ debts more expensive to service and has led to an even greater number of indebted businesses falling into insolvency.

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MicroBilt appoints Joseph Fitzpatrick as President and Chief Revenue Officer

Micro Bilt

Alternative credit data pioneer MicroBilt today announced that Joseph Fitzpatrick has joined MicroBilt in the role of President and Chief Revenue Officer (CRO). Joe will work directly under the leadership of Walt Wojciechowski, Chief Executive Officer.

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Daily Digest – July 19. Class Action Accuses Collector of Violating FDCPA; State Honors Tom Haag

Account Recovery

CLASS-ACTION ACCUSES COLLECTOR OF VIOLATING FDCPA, FCCPA BY ADDING ‘ILLEGAL’ COLLECTION FEE A class-action lawsuit has been filed against a collection agency, accusing it of violating the Fair Debt Collection Practices Act and the Florida Consumer Collection Practices Act because it allegedly added an “illegal” collection fee that represented 67% of the total amount owed, … The post Daily Digest – July 19.

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How to Buy Tether (USDT)

Nerd Wallet

Tether’s flagship cryptocurrency, USDT, is supposed to be pegged to the U.S. dollar, meaning that each USDT token should maintain a corresponding value of $1. Since Tether is pegged to a traditional fiat currency, it tends to behave as such, and its value rarely fluctuates. If you’re searching for a cryptocurrency with big growth potential, Connor Emmert writes for NerdWallet.

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ERM Program Fundamentals for Success in the Banking Industry

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?

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Business Late Payment spiralling in Northern Ireland

UK debt collections

Business late payment in Northern Ireland is spiralling out of control. For the third month in a row the number of overdue invoices has grown say Insolvency Trade body R3. Latest research, which is based on an analysis of data provided by Creditsafe, shows that there were 94,930 invoices on Northern Irish companies’ books in May that had gone past their payment deadline – 1,638 more than in April (93,292) and more than 3,000 more than March’s total of 91,796.

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Visual Aid: Workflow Management Can Be Different Now

NCBA Law Practice Management Blog

Law firms have developed workflows in much the same way for years and years. And, those are standard task lists, with timekeepers and reminders attached. For someone who is trying to learn a workflow – or , even , to better understand them – that can be kind of daunting. Like : ‘Hey , learn this new thing’ – and: Wall of Text! Now, most people are visual learners.

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Compliance Digest – July 18

Account Recovery

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.

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How to Afford Big-Ticket Items for the Year

Nerd Wallet

When Brandy Baxter needed to replace her home’s entire heating and air conditioning system several years ago, she asked contractors if they offered deals at certain times of the year. She learned that if she waited until February, the slow season for such work, she could get a lower price. Baxter, a financial coach based. Kimberly Palmer writes for NerdWallet.

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You Put in a Full Work Week. Shouldn’t Your Collections Software Do the Same?

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.