Debt Recoveries
SEPTEMBER 10, 2020
Let’s face it, snail mail is dead, so your internal debt collection processes should start with some good debt collection email templates. Forget about snail mail. It’s a waste of your time and more importantly, your customer’s time. So here are 3 debt collection templates that are guaranteed to get your customer to sit up and take notice: 1. Pre-Due Reminder Email.
FFGN COLLECT NY
SEPTEMBER 9, 2020
You completed your end of the deal but when it came time to pay your customer did not. After repeated invoicing, the customer finally offers to settle the balance due in writing but does not pay. Now that you are enforcing your right to collect and pursuing “legal” options , the debtor has changed their tune. Your non-paying client is now defending the debt collection case you brought against them.
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Better Credit Blog
SEPTEMBER 11, 2020
Debt collectors can be a real nuisance, calling, sending letters, and leaving messages frequently. They can also severely impact your credit score, limiting your future borrowing options for years to come. If General Service Bureau has reached out to you about a debt that you owe them, you may have questions. We’re here to answer them and provide you with the resources you need to get the collections agency deleted from your credit report, ASAP.
Account Recovery
SEPTEMBER 11, 2020
Collection operation and contact center business-process outsourcing provider iQor filed for Chapter 11 bankruptcy protection yesterday, seeking approval of a pre-packaged plan that would provide the company with $130 million of funding to reorganize itself and continue operating. The company, one of the largest private employers in Tampa, listed only its U.S. operations in the … The post iQor Files for Bankruptcy Protection appeared first on AccountsRecovery.net.
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
SEPTEMBER 11, 2020
If you're starting a new business or have grown a business from the start, you will have some idea of what it takes to "wear many hats" or be as resourceful as possible. During that startup phase, you're analyzing, measuring, listening and on high alert to what is making your clients happy. According to best-selling author and researcher, Scott Sonenshein , this resourcefulness reveals a "stretching" mindset and is one of the reasons you're succeeding.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Credit Corp
SEPTEMBER 9, 2020
Total Venmo payments rose from $6.8 billion in the first quarter of 2017 to $31 billion in the first quarter of 2020. That’s more than a 350% increase for the rising P2P payment app. P2P stands for person-to-person, and payment apps like Venmo specialize in this niche. With Venmo, you can easily pay people back for yesterday’s coffee, split bills in restaurants or front someone the cost of an Uber ride home.
Account Recovery
SEPTEMBER 10, 2020
The Colorado Attorney General’s office has announced it will hold a virtual meeting on Thursday, Oct. 1, to solicit feedback to help it determine whether it should extend a prohibition on certain collection activities through February 2021 as a response to the coronavirus pandemic. The state legislature passed a bill in July that limits what … The post Colo.
Enterprise Recovery
SEPTEMBER 5, 2020
The pandemic has highlighted businesses that chose to switch up their business strategy in order to remain profitable. Retailers have found new ways to sell to consumers, such as The Gap's highly successful pivot to selling masks , and many manufacturers are turning to a DTC (direct to consumer) model. Any crisis is a true test of agility for entrepreneurs and large enterprises alike, and the COVID crisis is definitely testing most companies around the globe.
Nerd Wallet
SEPTEMBER 11, 2020
Editor’s note, March 23, 2020: Many banks and credit unions are temporarily waiving overdraft fees in response to widespread financial distress caused by the coronavirus situation. To find out if your bank or credit union is one of them, call its customer service line. An overdraft fee is often one of the most expensive fees from. Spencer Tierney is a writer at NerdWallet.
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Better Credit Blog
SEPTEMBER 9, 2020
If you have been contacted by Sunrise Credit Services, you are probably being pursued for an old debt. Sunrise Credit Services is a debt collector that has been hired by your old creditor to collect payment on your debt. They may also have purchased the debt to profit off your payments. Either way, they are legally able to collect the debt because they have opened a collections account on your credit report.
Account Recovery
SEPTEMBER 8, 2020
As first noted by Eric Troutman at TCPAWorld.com, the federal government, in a brief filed Friday with the Supreme Court, thinks that the definition of an automated telephone dialing system starts and ends with technology that has the capacity to use a random or sequential number generator to store or produce telephone numbers. The government’s … The post Gov’t Adopts Narrow ATDS Definition in Supreme Court Brief appeared first on AccountsRecovery.net.
UK debt collections
SEPTEMBER 11, 2020
As the United Kingdom continues to ease its Coronavirus restrictions , 54% of current actively trading Businesses are facing piles of unpaid invoices. The results from a survey by the Office of National Statistics make for shocking reading. The survey which was given the title ‘The Business impact of Coronavirus’ has just published their findings. 1 in 10 businesses are in moderate or severe financial risk of insolvency but on a positive note, 79% of Uk firms are considered low risk
Nerd Wallet
SEPTEMBER 11, 2020
When traveling abroad, you can save money by finding a bank with low wire-transfer charges, decent currency conversion rates and competitive international bank ATM fees. Here are our favorite banks for international travel: Charles Schwab Bank best for using ATMs Although some banks offer free ATM use — including reimbursement of any fees charged by.
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True Accord
SEPTEMBER 10, 2020
As we begin to round out an unprecedented year, things remain…well…unprecedented. The world of collections is weathering the storm with new strategies and technology, all while staying focused on the rippling economic effects of the ongoing pandemic. Here’s the news we’re following at TrueAccord. What to keep an eye on. • Slowdowns at the USPS will have ramifications for the debt collection industry.
Account Recovery
SEPTEMBER 10, 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 Pam Hardy of Frost Arnett appeared first on AccountsRecovery.net.
Public Citizen
SEPTEMBER 8, 2020
Over the past several months, I have posted a number of articles about the campaign of intimidating copyright demand letters from Mathew Higbee, who tries to extract money from individuals, nonprofits and small businesses by threatening to file frivolous copyright lawsuits. This is the first in what I expect will be series of articles about a different sort of campaign of frivolous threats: companies that try to clean up their reputations by hiring lawyers to send frivolous threats of libel liti
Nerd Wallet
SEPTEMBER 11, 2020
You typically don’t have to pay student loans in graduate school. You can defer payments on federal loans and most private student loans if you’re enrolled at least half-time. But interest will accrue on all graduate school loans and any unsubsidized undergraduate loans during a deferment, increasing the amount you owe. If you can afford. Ryan Lane is a writer at NerdWallet.
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?
Consumer Finance
SEPTEMBER 7, 2020
The Consumer Financial Protection Bureau, in partnership with the New York Attorney General, filed suit against a network of five different companies based outside of Buffalo, New York, two of their owners, and two of their managers, for their participation in a debt-collection operation using illegal methods to collect debts.
Account Recovery
SEPTEMBER 11, 2020
The Court of Appeals for the Fifth Circuit has affirmed a lower court’s dismissal of a lawsuit in which an individual alleged a credit reporting agency violated the Fair Credit Reporting Act by deleting a positive from a credit report, which is fine as long as the item was not deleted from his credit file. … The post Appeals Court Affirms Dismissal of FCRA Suit Over Deleted Item on Credit Report appeared first on AccountsRecovery.net.
Titan Consulting
SEPTEMBER 8, 2020
Key Takeaways. Making just the minimum payment required each month on credit card debt will maximize the amount of interest you pay to creditors. The combination of high-interest charges and low monthly payments is a toxic combination that will keep you indebted for a longer period than it takes to pay off your mortgage. Creditors want you to make minimum payments even though they know it’s terrible for your financial wellbeing.
Nerd Wallet
SEPTEMBER 11, 2020
A low credit score doesn’t have to stand in your way if you want to get a personal loan to cover an emergency or consolidate your debts. Borrowers with bad credit, which is a FICO score below 630, may need to put in some extra work to qualify for a personal loan. But taking these. Annie Millerbernd is a writer at NerdWallet. Email: amillerbernd@nerdwallet.com.
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?
Consumer Finance
SEPTEMBER 8, 2020
The Consumer Financial Protection Bureau today released the first episodes of a two-part podcast series for students, parents, and practitioners on managing finances before, during, and after college.
Account Recovery
SEPTEMBER 9, 2020
A number of debt collection companies, alleged to have been operating as one common enterprise, along with the principals and managers of the companies have been sued by the Attorney General of New York and the Consumer Financial Protection Bureau, for allegedly violating the Fair Debt Collection Practices Act, the Consumer Financial Protection Act, and … The post CFPB, NY AG Sue Alleged Collection Scammers appeared first on AccountsRecovery.net.
Luftman, Heck & Associates.
SEPTEMBER 9, 2020
Deciding whether or not to file for bankruptcy is a struggle for many. The idea of getting all your debts eliminated is appealing, but, bankruptcy makes people nervous. Chapter 7 bankruptcy in particular can be intimidating because many people believe it will ruin your credit forever. And while any bankruptcy affects your credit, you may find Chapter 7 gives you a new beginning, rather than an ending.
Nerd Wallet
SEPTEMBER 11, 2020
Money saving apps can make the process of saving money easier over time. You can fill your piggy bank automatically so that savings goals can be met without stress. Check out a few of our favorites, and scroll down to read more about each. 1. Acorns Best for investment options How it works: Acorns is an. Amber Murakami-Fester is a writer at NerdWallet.
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