Arbeit Software
FEBRUARY 16, 2021
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.
On Guard
FEBRUARY 16, 2021
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.
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Nexa Collect
FEBRUARY 13, 2021
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
Account Recovery
FEBRUARY 18, 2021
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.
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.
Nerd Wallet
FEBRUARY 17, 2021
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.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Nexa Collect
FEBRUARY 18, 2021
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.
Account Recovery
FEBRUARY 18, 2021
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.
Nerd Wallet
FEBRUARY 17, 2021
Staying at home during the pandemic has changed the way homeowners renovate, but not always in ways you might expect. You could assume, for example, that homeowners are desperate for privacy and therefore adding more walls. But interior designer Max Humphrey says rumors of the open floor plan’s death, which bubble up every year, are. Annie Millerbernd writes for NerdWallet.
Credit Corp
FEBRUARY 17, 2021
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.
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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.
Jimerson Firm
FEBRUARY 18, 2021
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
Account Recovery
FEBRUARY 18, 2021
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.
Nerd Wallet
FEBRUARY 18, 2021
After a year of financial precariousness for so many, those who have the means may be setting 2021 money resolutions to get back on track. According to a new survey commissioned by NerdWallet and Marcus by Goldman Sachs and conducted online by The Harris Poll among over 3,000 U.S. adults, close to 4 in 5. Erin El Issa writes for NerdWallet. Email: erin@nerdwallet.com.
On Guard
FEBRUARY 16, 2021
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.
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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.
Jimerson Firm
FEBRUARY 15, 2021
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?
Account Recovery
FEBRUARY 17, 2021
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.
Nerd Wallet
FEBRUARY 18, 2021
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.
Better Credit Blog
FEBRUARY 18, 2021
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.
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?
Roths Child Law
FEBRUARY 19, 2021
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.
Account Recovery
FEBRUARY 17, 2021
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.
Nerd Wallet
FEBRUARY 17, 2021
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.
UK debt collections
FEBRUARY 18, 2021
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.
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?
Better Credit Blog
FEBRUARY 17, 2021
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.
Account Recovery
FEBRUARY 17, 2021
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.
Nerd Wallet
FEBRUARY 16, 2021
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.
UK debt collections
FEBRUARY 16, 2021
Plans to create a Nationwide Debt Collection service to recoup unpaid covid Business support loans have hit a brick wall according to latest reports. £45 Billion pounds have been lent to Small Businesses to help them through the pandemic over the last year by UK banks. In total 1.47m loans were issued by Commercial Lenders with a government guarantee.
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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.
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