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With the release of the CFPB's new debt collection rule, having a strong online presence is more important than ever before for debt collection agencies. Working in collections can be stressful. Between keeping up with ever-changing restrictions, retaining & attracting talent, reaching consumers, and staying TCPA compliant, there's a lot to keep track of.
In instalment four of our Q&A series, Debbie Staat, Manager Customer Success & Support , discusses how businesses can embrace the future of credit management technology – leaving legacy systems behind and investing in new software to help streamline processes and payments. Q: In an increasingly competitive marketplace, it’s vital that our business keeps pace with competitors by looking to the future and leveraging new technologies.
One of the indicators of a business’ financial health is its working capital. Having no working capital means you may not be able to pay your bills on time, which, in turn, may incur interest or penalties. In the long-term, insufficient working capital can harm business relationships and gradually run the company into the ground. Working capital is not just cash, which may be easily and quickly used for investments, but rather a more complex web of cash, receivables, inventory and accounts paya
A big bill is coming due soon for a lot of people across the country who are likely to end up hearing from debt collectors but are probably not going to be able to repay the debt, according to a report from the National Consumer Law Center. The NCLC’s report did a deep-dive into the … The post NCLC Report Spotlights Growing Problem of Unpaid Utility Debts appeared first on AccountsRecovery.net.
In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.
Catalytic converter thefts have soared during the pandemic as drivers drive less and leave their cars unattended. Thieves can steal this antipollution device in a matter of minutes and sell it to scrap metal dealers for several hundred dollars for the precious metals it contains. A catalytic converter replacement can cost as much as $3,000. Philip Reed writes for NerdWallet.
by Paul Alan Levy. Our latest case about the right to speak anonymously is in federal court in Chicago, flowing from a dispute between a prominent vlogger named Cristina Villegas and a plastic surgeon named David Shifrin who, Villegas complained, “botched my nose job.” Villegas posted a 23-minute-long YouTube video which recounts the inadequacies that she perceived in the doctor’s work; toward the end, she says that, hoping to forestall a public airing of her complaints, he offered to ref
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by Paul Alan Levy. Our latest case about the right to speak anonymously is in federal court in Chicago, flowing from a dispute between a prominent vlogger named Cristina Villegas and a plastic surgeon named David Shifrin who, Villegas complained, “botched my nose job.” Villegas posted a 23-minute-long YouTube video which recounts the inadequacies that she perceived in the doctor’s work; toward the end, she says that, hoping to forestall a public airing of her complaints, he offered to ref
Running a dental practice isn’t easy. And it isn’t made any easier by the fact that the average dentist has little to no business experience when first starting out. But as any experienced dental office manager can tell you, success always comes down to being able to build the right team to support the dentist and see to the needs of every patient.
The Third Circuit Court of Appeals has affirmed a lower court’s ruling in favor of a defendant that was sued by a debt buyer for failing to provide the proper information for accounts that were purchased by the buyer because it did not send its emails to the address noted in the underlying agreement. A … The post Appeals Court Affirms MSJ Against Debt Buyer in Contract Breach Case appeared first on AccountsRecovery.net.
Current college students can’t consolidate their federal student loans while they’re still in school. Consolidation involves combining all of your loans into one single loan through the U.S. Department of Education. It’s a strategic move that will make payments simpler, but you won’t get a lower interest rate. However, it could lower your monthly payment.
New research from Sage, has highlighted the impact of the Covid-19 pandemic with the average SME business now burdened with £173,000 additional debt per year. Ahead of the UK’s 2021 Budget and Economic Recovery Plan, the research highlights the tough conditions that will be facing small and medium-sized businesses (SMEs) well into the second half of 2021.
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
Florida’s Construction Lien Law found in Chapter 713, Florida Statutes, may seem like an area of the law that is only relevant to contractors and property owners. However, there are important aspects of the Construction Lien Law that can directly affect the rights and obligations of lenders in numerous ways. Although Florida’s Construction Lien Law “has long been recognized as an outstanding example of inept legislative endeavor, perplexing alike the bench and bar, contractors, owners, materialm
Much has been written about how changes at the top of the Consumer Financial Protection Bureau are going to impact the accounts receivable management industry, but there are two other government regulators that also police debt collectors — the Federal Communications Commission and the Federal Trade Commission. And each of those agencies — like the … The post Acting FTC Chair Outlines Priorities appeared first on AccountsRecovery.net.
Being asked to be an executor is an honor you might want to pass up. Settling an estate typically involves tracking down and appraising assets, paying bills and creditors, filing final tax returns and distributing whatever’s left to the heirs. At best, the process is time-consuming. At worst, it takes hundreds of hours, exposes you. Liz Weston writes for NerdWallet.
The following is a guest post by Orion Talmay, of Orion’s Method. Dealing with finances can be stressful and leave you feeling overwhelmed. It’s all too easy to ignore mounting debts or believe you’ll never save up a significant amount of money. But taking control of your life and changing the way you think can make a huge difference. We take a look at why financial productivity begins with a positive mindset.
Speaker: Alex Salazar, CEO & Co-Founder @ Arcade | Nate Barbettini, Founding Engineer @ Arcade | Tony Karrer, Founder & CTO @ Aggregage
There’s a lot of noise surrounding the ability of AI agents to connect to your tools, systems and data. But building an AI application into a reliable, secure workflow agent isn’t as simple as plugging in an API. As an engineering leader, it can be challenging to make sense of this evolving landscape, but agent tooling provides such high value that it’s critical we figure out how to move forward.
In Florida, mortgage foreclosure lawsuits are filed in the county where the property is located. Although Florida foreclosures are governed by Chapter 702 of the Florida Statutes , foreclosing lenders must also check the local rules of the court where the lawsuit is filed to make sure that they comply with any additional requirements. What is the Filing Fee?
A bill has been introduced in both Houses of the Maryland state legislature that would create a threshold amount for which collection lawsuits can be filed while also establishing credit reporting guidelines, limiting the fees that can be collected for individuals who qualify for reduced or free medical care, limiting the amount of interest that … The post Bill Introduced in Maryland to Overhaul Collection of Medical Debts appeared first on AccountsRecovery.net.
Buying a home can be intimidating — a high-cost goal with a complex purchasing process. But it’s especially scary in a seller’s market, amid tightened lending standards, high prices, low supply and, oh, a global pandemic. In spite of this, more homes changed hands in 2020 than in any of the past 14 years, and. Elizabeth Renter writes for NerdWallet.
10 Essentials of Credit Management. Credit management has become an increasingly important aspect of many organisations over the past years. And rightly so, because a lot can be achieved with a well-structured credit management process in place. Credit management is much more than making sure your customers pay on time. It is not rocket science but a powerful business function that can save your business time and money.
Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!
Have you missed a few payments on one or more of your bills? You may start getting calls from a debt collector. Failing to pay your bills will cause the debt to move to collections. This means that your original creditor has officially handed the account over to a collection agency that will hound you for payments. One such debt collector that you may hear from is called FirstPoint Collections.
A District Court judge in Arizona has denied a motion to have a Fair Credit Reporting Act class-action case stayed against a law firm accused of accessing an individual’s credit report without a permissible purpose pending the outcome of a case before the Supreme Court. A copy of the ruling in the case of Wolf … The post Judge Denies Stay Request in FCRA Permissible Purpose Case appeared first on AccountsRecovery.net.
IHG Ambassador status is a niche elite status tier that many travelers have never heard of. It provides exclusive benefits at InterContinental Hotels, plus automatic IHG Rewards Club Platinum Elite status for perks at other IHG brands. Though there aren’t many hotel loyalty programs that offer elite status that you can buy, you still need. Lee Huffman writes for NerdWallet.
Filing for Chapter 7 bankruptcy can be an effective way to eliminate a variety of unsecured business or personal debts. In some cases, you may receive a discharge without losing assets such as positive equity in your Tennessee home. Let’s take a look at some specific reasons why you may want to pursue a liquidation bankruptcy. Put an end to creditor collection activities.
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
In this special episode of the Burr & Forman podcast honoring Black History Month 2021, we are joined by Burr Partner, Adam Artigliere, to talk about the Shaw Center. In this episode, Adam sheds light on the Shaw Center, a Greenville, SC-based non-profit aiming to fight against gentrification, and the role that our firm has played in the effort to continue this fight.
STUDENT LOAN COLLECTION BILL INTRODUCED IN COLORADO Legislators in Colorado are moving forward with a bill aimed at overhauling student loan collection in the state, which, if enacted would create several conflicts with the Colorado Fair Debt Collection Practices Act for debt collectors. BILL INTRODUCED IN MARYLAND TO OVERHAUL COLLECTION OF MEDICAL DEBTS A bill … The post Daily Digest – February 17.
In January, I took up a no-spend challenge. That’s right — I refrained from making nonessential purchases for one whole month. With my travel and entertainment expenses basically nonexistent during the pandemic, the challenge really boiled down to two categories: shopping and food delivery. I’d never done a spending challenge before and didn’t know what.
Have you found an entry from Bridgeport Financial on your credit report? If so, you probably noticed a drop in your credit score. Also frustrating, the collections agency has likely been sending letters and calling you regularly. Collections accounts appear on your credit report when you fall behind on payments to a lender or a service provider. When this happens, it is important to respond quickly to stop the entry from doing extensive damage to your credit.
What’s holding finance teams back isn’t just process inefficiency. It’s culture gaps, reactive mindsets, and missed opportunities to lead real change. In an era of disruption, finance leaders can no longer afford to operate on autopilot and the most resilient teams aren’t just efficient—they’re connected, talent driven, and culture-focused. Join Melissa Hurrington for an exploration into how finance leaders can evolve beyond process and numbers to create adaptive, people-powered teams that thriv
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