Collect More
FEBRUARY 21, 2024
We see a lot of invoices. At least few hundred each week. Most are templates from accounting software like Xero and MYOB. Some are handwritten. And almost every single one will have been issued with the assumption that the money will follow soon after. But have you ever thought about how much importance your invoice has on getting you paid? We’re here to tell you- a LOT.
UK debt collections
FEBRUARY 21, 2024
Debt ridden TV celebrity Katie Price has been hit by another devastating blow amid her battle with bankruptcy, as her beloved horse has reportedly been taken away by bailiffs. The reality star already owes thousands of pounds in unpaid tax , and neighbours are now claiming her beloved steed Wallis has been taken away until she repays her debts. Katie purchased her horse for £250,000 back in 2009, and regularly shares snaps of him on social media.
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Prosperity Now
FEBRUARY 21, 2024
In January 2022, Prosperity Now and the Institute on Race, Power and Political Economy at the New School collaborated on the first paper to outline the essential elements of state and local level Baby Bonds policies. Since then, Baby Bonds have launched in Connecticut and become a hot policy topic from the halls of legislatures to the offices of state treasurers across the US.
Roths Child Law
FEBRUARY 21, 2024
A lot of people delay filing for bankruptcy for a considerable time. While it is essential that you take your time to consider if it is right for you and to look for alternative solutions, delaying the inevitable can prolong your agony. Having debt you cannot afford to pay back can play havoc with your mental health, and filing for bankruptcy can help a lot.
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.
Debt Collection Answers
FEBRUARY 21, 2024
“ Pre-Screen Firm Offer of Credit ” might sound like jargon, but understanding its implications is crucial for anyone navigating the realm of credit and debt consolidation. This article aims to shed light on what pre-screen firm offers entail, their significance, and how debt consolidation lenders acquire your information to send those enticing marketing mailers.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Prosperity Now
FEBRUARY 20, 2024
Bank On Pueblo County, a component of United Way of Pueblo County located in Pueblo, Colorado, is a coalition working to increase financial wellness efforts in the community. We interviewed Program Coordinator, Adrian Gomez, to learn more about the organization (a Prosperity Now Community Champion!), their Bank On Program, advocacy efforts and goals for 2024.
Consumer Finance
FEBRUARY 23, 2024
The Consumer Financial Protection Bureau (CFPB) today published an order establishing supervisory authority over installment lender World Acceptance.
UK debt collections
FEBRUARY 22, 2024
Well known Northern English Football club Rochdale FC are facing the very real prospect of liquidation as things stand. Rochdale currently sit mid-table in the National League and its not just on the field that they have being having problems. They need new investment by the end of March otherwise the National League club could face the prospect of liquidation, chairman Simon Gauge has warned.
Account Recovery
FEBRUARY 22, 2024
I am thrilled to announce that the Getting to Know series will be sponsored by TEC Services Group in 2024. TEC Services Group is the leading technology and professional services firm in the credit collections industry offering both leading industry solutions along with unrivaled, unbiased, and experienced support.
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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.
Credit Corp
FEBRUARY 23, 2024
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. An expense ratio is how much it costs to operate a fund compared to the total value of its assets. The lower expense ratios between 0.5% and 0.75% are ideal.
Jimerson Firm
FEBRUARY 22, 2024
The Florida Consumer Collection Practices Act (FCCPA) is a pro-consumer statute. Unlike the FDCPA, which only applies to debt collectors, the FCCPA applies to all persons or businesses collecting consumer debts. As such, all businesses need to be aware of the statute and the risk and potential liability associated with the statute. Over the past few years, there have been new trends relating to the FCCPA and consumer litigation in general.
UK debt collections
FEBRUARY 19, 2024
A north west Claims Management company running financial mis-selling claims has closed, announcing on its website that cases have been transferred. The Law Gazette reported that Legal UK Services Ltd , based in Altrincham, told clients last week that it had appointed insolvency practitioners and would cease trading within weeks. That process appears to have been accelerated this week as the firm stated that all live cases had been transferred to neighbouring Cheval Legal.
Account Recovery
FEBRUARY 23, 2024
Complaint Accuses Collector of Filing Suit After Debt Had Been Paid Judge Denies Competing Summary Judgment Motions in FDCPA Case Over BK Encore Capital Reports Net Loss for 2023, but Says 2024 is Shaping Up to be a Banner Year Ed. Dept. Cancels $1.
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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.
TCPA
FEBRUARY 23, 2024
In the recent opinion of Smith v. ExamWorks, LLC, No. 21-2746, 2024 WL 622102 (D. Md. 2024), the District of Maryland analyzed the nuances of consent and revocation under the TCPA.
Jimerson Firm
FEBRUARY 20, 2024
In Florida, the Telephone Consumer Protection Act (“TCPA”) and the Florida Telephone Solicitation Act (“FTSA”) limit the use of automated systems for placing automated calls and sending automated text messages. Both the FTSA and the TCPA permit the use of automated dialing systems if the caller obtains the called party’s “prior express written consent.
Hudson Weir
FEBRUARY 23, 2024
In this guide we’ll explain the benefits of running a business as a private company limited by shares – including how this protects directors if it becomes insolvent. There are more than 5m limited companies registered in the UK, with over 500,000 new ones incorporated each year, according to Companies House. Most of these are companies limited by shares.
Account Recovery
FEBRUARY 23, 2024
A Magistrate Court judge in Illinois has denied competing summary judgment motions in a Fair Debt Collection Practices Act case, ruling the plaintiff failed to follow proper procedure and that the defendant is not entitled to the FDCPA’s bona fide error defense that it initiated collection activity on a debt that had been discharged in […]
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?
Credit Corp
FEBRUARY 23, 2024
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Debt consolidation combines multiple debts into one and can help your credit score. Bankruptcy can reduce your total debt at the cost of ruining your credit.
Troutman Sanders
FEBRUARY 23, 2024
Recently, the Consumer Financial Protection Bureau (CFPB or Bureau) issued its first report on the results of its updated Terms of Credit Card Plans survey. The report found that for the first half of 2023, small banks and credit unions often offered lower interest rates than the largest 25 credit card companies across all credit score tiers. The CFPB’s survey included data on 643 credit cards from 156 issuers (84 banks and 72 credit unions), as offered during the first half of 2023.
FFGN COLLECT NY
FEBRUARY 21, 2024
To enforce your rights to get paid, you filed a New York debt collection case. It’s only when the debtor (now defendant) defends the case that you learn you failed to comply with a local law or ordinance. What are the penalties for debt collection non-compliance? Does the fact that you failed to comply mean you aren’t entitled to payment? The answer depends.
Account Recovery
FEBRUARY 22, 2024
(MADISON, Wis., February 21, 2024) – On a recent Saturday morning, 10 State team members jumped into the freezing waters of Madison, Wis., to raise money for Special Olympics!
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?
Credit Corp
FEBRUARY 23, 2024
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Getting back on your feet after bankruptcy can be a gradual process, but it doesn’t mean you have to give up on your dream of buying a home.
Troutman Sanders
FEBRUARY 23, 2024
In representing fintech companies and other lenders, we increasingly confront claims against debt buyers or entities with bank partner relationships brought under Pennsylvania’s Consumer Discount Company Act (CDCA) and the Loan Interest and Protection Law (LIPL). This article highlights a recent case addressing the CDCA decided by the United States Court of Appeals for the Third Circuit.
Sawin & Shea
FEBRUARY 21, 2024
Gambling debt can have a devastating impact on your life. Debts can pile up quickly and overwhelm your finances before you have a chance to catch up. Because of this, filing for bankruptcy is often one of the only options you may have. Below, we’ll break down how gambling debt fits into Chapter 13 bankruptcy and how you can prepare if gambling bankruptcy is the next step that you need to take.
Account Recovery
FEBRUARY 22, 2024
In a ruling that could cause ripples throughout the debt buying and collection industry, a state Appeals Court in Virginia has overturned a lower court’s decision in favor of a debt buyer, ruling that the debt buyer had “scanty and incomplete” evidence to prove it owned the debt and thus had a right to collect […]
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