Sat.Sep 19, 2020 - Fri.Sep 25, 2020

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How a Skilled Collections Lawyer Improves Your Odds of Commercial Debt Recovery

Collections Law

It would be nice if all clients and customers paid up their outstanding balance on time, but that is unfortunately just a fantasy. Bad debt collection is as much of a part of a business as are sales. No business should get bogged down in chasing bad debts. That is why you should leave bad debt collection to the experienced aggressive debt recovery attorneys at the Law Offices of Alan M.

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A Guide to Bad Check Collection

Payment Savvy

Even though ATMs, mobile banking, and credit card payments are part of our everyday life, some people still write checks. For most of these individuals, it’s become an antiquated habit that is hard to break. For others, they take advantage of the processing lag-time to give a few extra days to receive the money they are writing the check against.

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How To Remove Allied Collection Service From Your Credit Report

Better Credit Blog

Are you concerned about a collections entry on your credit report? When debt reaches collections, it can hurt your credit score and leave you on the receiving end of seemingly nonstop phone calls and letters. If the name on your credit report and voicemails is Allied Collection Service, we can help. There’s no need to feel overwhelmed. While dealing with debt collectors can seem daunting, the tips below can help you to stop the agency’s calls and get them off your credit report.

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Plaintiff’s Attorney Ordered to Pay $27k After Judge Grants Sanctions Motion

Account Recovery

A District Court judge in California has granted a defendant’s motion for sanctions under Rule 11 and ordered a plaintiff’s attorney to pay the defendant’s legal bills of more than $27,000 after it was sued for allegedly violating the Fair Debt Collection Practices Act for using a fake summons to try and collect on a … The post Plaintiff’s Attorney Ordered to Pay $27k After Judge Grants Sanctions Motion appeared first on AccountsRecovery.net.

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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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7 Tweets on How to Be a Freelance Success

Enterprise Recovery

A recent report by Freelancer.com revealed that freelance jobs increased over 25% in the 2nd quarter of 2020. With the continuation of uncertainty in the pandemic, employers looking for a more flexible and remote workforce, even replacing some full-time positions with independent workers. Striking out on your own can be daunting but it can be done, and quite successfully.

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Bay Area Transit District Attacks Candidate For Showing Its Logo

Public Citizen

by Paul  Alan  Levy. Much like the case of Jeremy Whittaker a few years ago, a demand letter from the general counsel of an elective transit district in the East Bay seeks to interfere with the political campaign of a candidate seeking to replace the lawyer’s bosses. The Alameda-Contra Costa Transit District has threatened Victoria Fierce because her campaign web site violates an ordinance adopted by that municipal body because it contains photographs in which the AT Transit logo can

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HHS Fines Vendor $2.3M for Data Breach

Account Recovery

A vendor that works with healthcare providers has agreed to repay $2.3 million after it was hacked and the personal information of more than 6 million individuals was compromised, in a settlement with the Department of Health & Human Services’s Office of Civil Rights. The vendor — CHSPSC — is owned by Community Health Systems … The post HHS Fines Vendor $2.3M for Data Breach appeared first on AccountsRecovery.net.

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5 Myths About High-Yield Savings Accounts During COVID-19

Nerd Wallet

Last year’s savings rates of 2% and higher have come and gone, but that doesn’t mean high-yield savings accounts disappeared. “There are high-yield savings accounts out there, but it’s all relative,” says Mike Schenk, chief economist for the Credit Union National Association. When the Federal Reserve cut its benchmark rate to nearly zero in March, Spencer Tierney is a writer at NerdWallet.

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Building a Good Reputation for a Private Dental Practice

Nexa Collect

Do you remember when you were assigned your dentist? The day you pulled their name from the Hat of Dentistry. Or, if you have a practice, you must have fond memories of your patient selection ceremony. No? Of course not. People are free to choose their dentist, and practices have to work to earn their business. The primary driver of these decisions is reputation.

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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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Back to School Financial Prep for Students

Credit Corp

Did you know that the average household in America pays almost $700 in preparation for going back to school? That money covers a wide range of purchases,including supplies, technology items, clothing and shoes. Depending on your age and your family’s financial situation, your parents are probably covering all your school expenses so far. Or, if you’re in high school or college, you might’ve been covering some of the costs yourself.

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VA Offers Debt Suspension to Vets Impacted by Natural Disasters

Account Recovery

The Department of Veterans Affairs has announced that individuals who have been affected by natural disasters, such as the wildfires in California and Oregon or hurricanes in the Southeast, can receive a 90-day suspension of debt collection efforts, in order to give those individuals time to get back on their feet. “Veterans and their families … The post VA Offers Debt Suspension to Vets Impacted by Natural Disasters appeared first on AccountsRecovery.net.

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6 National Parks to Visit This Fall, and Where to Stay on Points

Nerd Wallet

You may feel like this spring and summer blurred together and passed by as you stayed home amidst the coronavirus pandemic, but fall is a season that undeniably feels like change. If you want to embrace the crisp autumn air with some crunchy leaves underfoot, look no further than some of the nation’s most famous. Meghan Coyle is a writer at NerdWallet.

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Will There Still Be a Second Stimulus Check?

Debt

Remember the second stimulus check? Forget it. Members of Congress have many things on their minds between now and election day, but sending another direct payment of $1,200 to U.S. workers, is not one of them. A second round of COVID-19 relief for America’s middle-and-low income workers has taken a back seat to passing a […]. The post Will There Still Be a Second Stimulus Check?

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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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Is Debt Settlement Legit?

Titan Consulting

Key Takeaways. Multiple state and federal agencies strictly regulate the debt settlement industry. Protections that went into effect in 2010 increased the oversight and scrutiny of the industry, eliminating companies that utilized unethical practices to scam consumers. All types of debt relief programs come with negative consequences, including non-profit credit counseling and bankruptcy, and will directly or indirectly negatively impact your credit score.

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Getting to Know Doug Lapointe of Annuity Health

Account Recovery

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 Doug Lapointe of Annuity Health appeared first on AccountsRecovery.net.

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How to Invest in the S&P 500

Nerd Wallet

For those would-be investors wanting to jump into the stock market but wondering which stock to buy, legendary investor Warren Buffett has a suggestion: Try buying 500 stocks instead. “In my view, for most people, the best thing to do is own the S&P 500 index fund,” Buffett said at Berkshire Hathaway’s annual meeting in May. Tiffany Lam-Balfour is a writer at NerdWallet.

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A Divided Eleventh Circuit Holds that Incentive Awards are Prohibited

TCPA

In a decision that may have far-reaching consequences, a divided panel of the Eleventh Circuit ruled that incentive awards to named plaintiffs—which are routine in TCPA and other class action settlements—are improper. See Johnson v. NPAS Solutions, LLC, No.

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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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Mitigating Risks Associated with Hotel, Restaurant and Entertainment Industry Economic Challenges: Part 4 – Assignment of Rents Under Section 697.07, Florida Statutes

Jimerson Firm

Parts 1-3 of this series explored alternative pre-foreclosure loss mitigation options for lenders including acceleration and enforcement of personal guarantees. This article explores Section 697.07, Florida Statutes, which governs the assignment of rents. Assignment of Rents under Section 697.07, Florida Statutes. Pursuant to Section 697.

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More RCMs Planning to Allow Permanent Work-From-Home Privileges

Account Recovery

Only one out of four revenue cycle management companies are not planning on making any permanent changes to their operations as a result of the coronavirus pandemic, according to the results of a survey that were released this month. One-third of those companies are, for example, planning to allow more individuals to work from home … The post More RCMs Planning to Allow Permanent Work-From-Home Privileges appeared first on AccountsRecovery.net.

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Can I Get a U.S. Credit Card if I Live in Puerto Rico?

Nerd Wallet

Most of the biggest U.S. credit card issuers accept applications from residents of Puerto Rico, although a couple do not. And among those that do, there are some limitations about which cards you can apply for if you live in the territory. Below is a rundown of major issuers and their policies on applications from. Sara Rathner is a writer at NerdWallet.

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AR Deteriorates in Wake of COVID-19

Receivables Control

Receivables Control has the unique perspective of working AR across multiple industries and have seen deterioration resulting from the disruption caused by Covid-19. We want to take this opportunity to review those sectors of the US economy that are negatively impacted and zero in on where we see significant dilution in AR. The travel industry is struggling.

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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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3 Sessions We’re Excited to (Virtually) Attend at Lendit Fintech USA 2020

True Accord

The LendIt Fintech USA 2020 conference is just around the corner on September 29 through October 1, with an exciting lineup of industry experts from leading traditional banks, fintech platforms, and tech companies discussing innovations in lending, digital banking, embedded finance, and more. Here are the three sessions we’re most excited to attend: 1.

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Judge Denies MTD in FDCPA Case While State Court Case is Ongoing

Account Recovery

A District Court judge in Minnesota has denied a defendant’s motion to dismiss, and in the alternative, a motion to stay a lawsuit filed by a plaintiff alleging the defendant violated the Fair Debt Collection Practices Act during the course of filing its own lawsuit against the plaintiff in an attempt to collect on an … The post Judge Denies MTD in FDCPA Case While State Court Case is Ongoing appeared first on AccountsRecovery.net.

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‘When Can I Shred This Check?’ and Other Online Banking FAQ

Nerd Wallet

As the COVID-19 pandemic leads banking customers to lean into online technology to manage their money, those trying online banking for the first time may find themselves with questions about how to handle things previously done in person or with paper documents. If you’re stuck on how to handle some of the practical aspects of. Chanelle Bessette is a writer at NerdWallet.

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2021 FICO Decisions Awards Now Open

Fico Collections

Our customers all around the world bring together innovative approaches and technologies to conquer their challenges. The FICO Decisions Awards shine the spotlight on some of the best success stories of the year. Companies that have used the power of our platform and specialized solutions to gain insights from their data and operationalize analytics to achieve industry-leading results.

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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.