Collect More
DECEMBER 7, 2021
1. If your customer is a business, establishing their correct entity is a must. ABN Lookup is good for this but if you’re still stuck, the Terms and Conditions or Privacy Policy section of their website is also a goldmine. It’s almost always at the bottom of their homepage. 2. If they promise to pay, always confirm in writing and ALWAYS ask them to reply to indicate they agree. 3.
True Accord
DECEMBER 7, 2021
By Sheila Monroe. TrueAccord’s Chief Growth Officer, Sheila Monroe , was recently featured in the New Standard in Debt Collection panel as part of the Beyond Digital: The Next Era in Collections summit. Having held numerous executive-level positions at TrueAccord on top of a multi-decade career in collections, Monroe is uniquely qualified to recount the historical practices of the collections industry from her point of view.
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UK debt collections
DECEMBER 7, 2021
The latest research from Business analysts Experian has shown that on average, UK Business are recovering well post pandemic. The average Business credit score level has returned to the pre pandemic average of 44 by September this year. This was compared with an average score of 40 during most of lockdown. Importance of a Business credit score. A Business Credit score is seen as a reasonably accurate measurement of a Business’s overall credit worthiness.
Account Recovery
DECEMBER 10, 2021
A District Court judge in Florida has denied a defendant’s motion to dismiss a class-action after it was sued for violating the Fair Debt Collection Practices Act, the Telephone Consumer Protection Act, and the Florida Consumer Collection Practices Act for making calls to the plaintiff’s cell phone and leaving voicemails using pre-recorded messages after the … The post Judge Denies MTD in FDCPA, TCPA Class Action Over Orally Made Cease Request appeared first on AccountsRecovery
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
DECEMBER 8, 2021
It should be no secret to anyone owning or running a business. It is slowly getting more expensive to operate a profitable business and it is not getting any less costly. Costs associated with just about everything on your expense sheet have gone up during the past 12 months. And as you’ve also seen, the pandemic caused many people to spend more money.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Nerd Wallet
DECEMBER 7, 2021
It starts innocently enough. You open one travel rewards credit card to help subsidize an upcoming trip. While on that trip, the flight attendant announces that you can earn enough miles for two round-trips with a new card, and you jump at the chance to apply in-flight. From there, you’re hooked. Once you learn how. Erin Hurd writes for NerdWallet. Email: ehurd@nerdwallet.com.
Account Recovery
DECEMBER 10, 2021
Two of the authors of the TRACED Act have introduced another bill in the Senate that seeks to further protect consumers from receiving illegal robocalls while also holding those making the calls accountable for their actions. A copy of the draft version of the Robocall Trace Back Enhancement Act, introduced by Sen. John Thune [R-S.D.] … The post Bipartisan Anti-Robocall Bill Introduced in Senate appeared first on AccountsRecovery.net.
Consumer Finance
DECEMBER 7, 2021
The Consumer Financial Protection Bureau (CFPB) today issued a Supervisory Highlights report, which shines a light on legal violations identified by the CFPB’s examinations in the first half of 2021. The report also highlights prior CFPB supervisory findings that led to public enforcement actions in the first half of 2021.
Jimerson Firm
DECEMBER 9, 2021
Among the many attractive features of owning real estate in Florida is the possibility of having a waterfront view of one of the numerous scenic bodies of water throughout the state. However, property owners in Florida are often under the mistaken impression that they have an absolute right to a view of the water once they purchase a piece of property.
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Nerd Wallet
DECEMBER 9, 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. The best personal finance advice is tailored to your individual situation. That said, a few rules of thumb can cut through the confusion that often surrounds money decisions and help.
Account Recovery
DECEMBER 9, 2021
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 Gina Eggebrecht
Credit Corp
DECEMBER 9, 2021
Credit is an essential part of modern life. Loans, credit cards, mortgages—most people can’t get ahead without credit at some stage. But what if you’ve emigrated from another country and don’t have a Social Security number yet? If you’re wondering how to get a credit card without a Social Security number, you’re in the right place. We’ll begin this guide with an overview of some of the issues immigrants face when they try to get credit.
Jimerson Firm
DECEMBER 7, 2021
This year, through Senate Bill 1120 (SB 1120), Florida adopted its own version of the Telephone Consumer Protection Act, which has been referred to as Florida’s Mini-TCPA. Florida’s Mini-TCPA has striking similarities to the federal Telephone Consumer Protection Act (TCPA), 47 U.S.C. § 227, et. seq. Florida’s expansion of its telemarketing laws harmonizes Florida law with the federal TCPA by creating a private cause of action.
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Nerd Wallet
DECEMBER 6, 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. Rewards credit cards typically come in two basic flavors: cash back and travel — useful if you want to save money without couponing or spend less on that annual visit.
Account Recovery
DECEMBER 10, 2021
JUDGE DENIES MTD IN FDCPA, TCPA CLASS ACTION OVER ORALLY MADE CEASE REQUEST A District Court judge in Florida has denied a defendant’s motion to dismiss a class-action after it was sued for violating the Fair Debt Collection Practices Act, the Telephone Consumer Protection Act, and the Florida Consumer Collection Practices Act for making calls … The post Daily Digest – December 10.
Qualco
DECEMBER 7, 2021
While change is the only constant, one thing is certain. External events like the pandemic will continue to transform customer behavior in a permanent manner. Customers are becoming more sophisticated and the same goes with the solutions they expect from financial institutions. Luckily, customer data are flowing like an ocean around us. Their use has the potential to give lenders the missing piece of the puzzle on how to address their customers’ needs and, ultimately, to increase Return on Exper
Jimerson Firm
DECEMBER 6, 2021
As a real estate attorney, I am often approached with the question of whether it’s necessary to hire an attorney when purchasing a new home. After all, there is no requirement in the state of Florida that a homebuyer needs to be represented by counsel. Plus, there are several other professionals involved in the home buying process—the realtor, the home inspector, the loan officer and the appraiser (if financing is being sought)—that should be looking out for a buyer’s best interests.
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?
Nerd Wallet
DECEMBER 10, 2021
Small-business owners looked to 2021 as a chance to rebound and rebuild from nearly a year of coronavirus-induced losses. Instead, many were dealt repeated blows with supply chain backups, unfilled “hiring” signs and renewed restrictions and mandates. The year wasn’t a complete bust, though. Entrepreneurship grew at a record pace in 2021, with more than.
Account Recovery
DECEMBER 9, 2021
GETTING TO KNOW GINA EGGEBRECHT OF FIRST COLLECTION SERVICES Gina Eggebrecht isn’t afraid to be controversial — wars have been started over less than her stance on “Die Hard” — but it’s her methodical approach to her job that has helped her survive more than two decades in the ARM industry, and raising three teenagers. … The post Daily Digest – December 9.
Consumer Finance
DECEMBER 6, 2021
In the years leading up to the subprime crisis, one opaque and easily manipulable index, LIBOR, came to dominate adjustable rate home mortgage loan contracts. In the wake of the crisis, we learned that large international banks had conspired to set the LIBOR rate in order to conceal weaknesses in the financial system and to boost their bottom line.
Jimerson Firm
DECEMBER 10, 2021
Many secured creditors and equipment leasing companies have encountered defaulted debts, where the debtors and lessees retain possession of the collateral, including cars, boats, machinery, or other equipment. The debt is secured by personal property, but creditors are often faced with the same quandary: how to quickly take possession of the property to offset the defaulted debt.
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?
Nerd Wallet
DECEMBER 8, 2021
Southwest Airlines is set to offer a fourth fare type in 2022, which could give passengers more options concerning how many points they earn per flight, their cancellation policy and how soon they board. The news was announced during the airline’s investor day presentation held on Wednesday. So far, the airline is light on details. Sally French writes for NerdWallet.
Account Recovery
DECEMBER 9, 2021
The Attorney General of California announced that a group of individuals involved in a student loan debt relief scam have been sentenced — three of them receiving jail time — and paying more than $330,000 in restitution to victims who were “preyed on” because they were struggling to repay their student loans. Christopher Lyell was … The post Student Loan Debt Relief Scammers Sentenced appeared first on AccountsRecovery.net.
Prosperity Now
DECEMBER 8, 2021
Late last month, the Department of Treasury announced that it planned to redirect unallocated Emergency Rental Assistance (ERA) funds from
Qualco
DECEMBER 7, 2021
The debt challenge across Europe keeps unfolding, especially after many of the moratoria that were in place in the previous months ended. According to our NPL Outlook Europe 2021 report, global debt could exceed $360 trillion by 2030. The problem. In that context, lenders need to have access to state-of-the-art technology to avoid major losses. Instead, the credit management industry is left behind the curve using outdated approaches and traditional risk models that only have access to limited o
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