PDC Flow

NOVEMBER 23, 2021

Payment reminders are perhaps the simplest, most flexible solution to reduce routine late (or delinquent) payments. So why aren’t businesses taking full advantage of this simple, easy, effective tactic? Some business owners are nervous about implementing new software tools that require extensive training to launch. Others are still operating on manual or paper reminders that may not reach customers before their payment due date or come in a format consumers dislike or ignore.

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Collection Agencies Collections Agency Collections 69

Fico Collections

NOVEMBER 23, 2021

As households continuing to grapple with finances, lenders that offer the right combinations of digital-first customer support will experience the benefits, including improved repayments, debt resolution, longer-term customer loyalty and greater market share. By concentrating on effective customer engagement, lenders will also ensure that they are better aligned with regulatory requirements.

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Collections Lender Loans Debt Management 59

NCBA Law Practice Management Blog

NOVEMBER 21, 2021

‘Work in Progress’ (often abbreviate d to WIP) is a representation of work outstanding for law firm clients. While most lawyers just let it ride, and take it for granted that the work just keeps coming in, and keeps getting done – WIP has some predictive powers that law firms are largely ignoring. Your WIP gives you an idea of what your pipeline value is, in aggregate.

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Account Recovery

NOVEMBER 24, 2021

Consumers continued to appear to have opposing reactions to their interactions with companies in the accounts receivable management industry in October, with fewer consumers complaining to the Consumer Financial Protection Bureau, but more consumers filing lawsuits, according to data released yesterday by WebRecon. WebRecon did note that the number of complaints filed by consumers with … The post Complaints Drop, But Lawsuits Rise in October: WebRecon appeared first on AccountsRecovery.net

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Accounts Receivables Management 246

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

NOVEMBER 25, 2021

You can now manage most aspects of your money without ever consulting another human being. You can budget, borrow, save, invest, buy insurance, prepare your tax return and create a will — among many other tasks — by using apps, websites and software. But technology still has limitations, especially when you’re facing a money situation. Liz Weston writes for NerdWallet.

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UK debt collections

NOVEMBER 23, 2021

New research has revealed late payments are continuing to have a significant impact on UK small businesses – with the smallest businesses being some of the worst hit. Overall, the research by Intuit QuickBooks shows that small and medium-sized businesses with at least one overdue invoice were owed £21,356 in late payments on average in September – almost two thirds of the average SMEs typical monthly turnover.

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Debt Recovery Collections Collection Agencies Collections Agency 97

Account Recovery

NOVEMBER 23, 2021

If there is one certainty about what is going to happen once Regulation F goes into effect on November 30, it’s that individuals who receive notices from debt collectors are going to dispute more debts. By providing the option for consumers to dispute the validity of a debt on the tear-off portion of the Model … The post Bedard Breaks Down Reg F’s Section on Disputes appeared first on AccountsRecovery.net.

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Debt collector 246

Nerd Wallet

NOVEMBER 25, 2021

Extracurriculars like sports, dance and marching band can be expensive enough given the uniforms, team fees and equipment. Throw in the often-exorbitant cost of traveling to meets and performances, and it’s easy to feel like competing is a massive foul on your bank account. I certainly feel that way. As a competitive athlete in two. Sally French writes for NerdWallet.

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Banks 103

Credit Corp

NOVEMBER 23, 2021

The 2021 holiday shopping season started early, with many people shopping well ahead of traditional deal days like Black Friday. That’s due in part to fears that supply chain and other logistics issues may mean the right gifts won’t be on the shelves later this year. That doesn’t mean Black Friday and other major sales days are on hold this season, though.

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UK debt collections

NOVEMBER 24, 2021

In the latest HMRC update, overdue debt increased to £58 billion – a record-breaking level of debt. Sushil Patel, Director of Restructuring Advisory at Kroll, has explained how this may impact the collection of debt in a period of financial recovery for the UK. In the 13 years prior to the 2020-21 financial year, HMRC’s overdue debt averaged £18.1 billion, peaking in 2008/09 following the financial crisis, where the debt level approached £26 billion.

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Collections Government Trade 83

Account Recovery

NOVEMBER 24, 2021

The Attorney General of New York announced yesterday a settlement with three debt collection companies owned by Andrew Fanelli that will permanently ban them from any future debt collection activities while also paying $1.2 million in fines and restitution to individuals impacted by the collectors’ tactics. A copy of the Assurance of Discontinuance between the … The post Collection Operations Banned From Industry, to Pay $1.2M in Fines appeared first on AccountsRecovery.net.

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Collections Collection Companies 246

Nerd Wallet

NOVEMBER 24, 2021

Air travel during the holidays typically incurs no shortage of lines. Throw in the range of COVID-19 impacts — including more travelers hoping to make up for the past years of lost travel — plus ongoing staff shortages, and you can expect lines to be plentiful. In fact, about 3 in 10 Americans who say they didn’t travel. Sally French writes for NerdWallet.

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Better Credit Blog

NOVEMBER 24, 2021

Ironically, even when a credit card issuer checks your credit history and approves you, your credit score still drops by a few points. This is because they’ve had to run a hard credit check or inquiry so they could see your full credit history. Every hard check results in a small deduction of points from your score. So, after receiving a new credit card, you could go back to check your score and find it’s lower than before.

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Lender Loans Student loans Student Loans 75

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Fraser

NOVEMBER 24, 2021

A last will and testament and a living trust are two of the most common estate planning methods. A living trust is attractive for many because it provides for an efficient and effective disposition of assets to loved ones, and unlike a will a living trust avoids probate court. Once a trust is established it must be funded. Funding a trust is the process of transferring ownership of assets from the individual(s) who established the trust to the trustee of the trust, which involves titling assets

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Lawyers Government 65

Account Recovery

NOVEMBER 22, 2021

A District Court judge in Pennsylvania has partially granted and partially denied a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act and Telephone Consumer Protection Act case that may offer a glimpse into how judges are going to address itemized debts once Regulation F goes into effect next week. A copy … The post Judge Partially Grants MSJ for Defendant in Itemized Debt Case appeared first on AccountsRecovery.net.

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Fair Debt Collection Judgment Collections 246

Nerd Wallet

NOVEMBER 22, 2021

Whether it’s tumbling temperatures or a blackout blizzard, winter weather can wreak havoc on a home. But you can avoid a disaster with some preventive action. Here are four common types of winter-related home damage and how you can prevent them, plus how home insurance works if you can’t. 1. Burst water pipes If your. Ben Moore writes for NerdWallet.

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Home Insurance 96

UK debt collections

NOVEMBER 25, 2021

An announcement is expected to be made advising that Tenant Evictions will be suspended over the Christmas period. It is understood a ‘christmas truce’ will be announced advising that all bailiff enforced evictions will be stopped between December 13th and January the 10th. The HM Courts and Tribunal has confirmed that this will continue the pattern of previous years.

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Collection Agencies Collections Agency Government Bankruptcy 64

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?

Financial services

Hudson Weir

NOVEMBER 26, 2021

We recently wrote an in-depth guide to county court judgements and in this article we’ll answer a common query – can you get a mortgage with a CCJ? Despite the COVID-19 pandemic and multiple lockdowns, the UK housing market has continued to look strong, thanks in part to record low-interest mortgage rates. Securing the best deal requires a strong credit history though, so taking out a mortgage with a CCJ against your name makes things much more complicated.

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Judgment Lender Creditors 52

Account Recovery

NOVEMBER 22, 2021

The California Department of Financial Protection & Innovation is seeking comments on a proposed rulemaking that would require four different industries to be registered with the state in order to operate — debt settlement services, student debt relief services, education financing, and wage-based advances. Comments on the proposed rulemaking are due by December 20 and … The post DFPI Issues Draft Rules to License Four New Types of Industries, Including Debt Settlement Providers

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Debt settlement Education 246

Nerd Wallet

NOVEMBER 26, 2021

Las Vegas is renowned for its glamorous entertainment options and broad swath of high-end accommodations. Hilton loyalists can expect to find more than 30 Hilton properties among the hundreds of hotels in the area, which makes finding somewhere to redeem points a breeze. If you’re hoping to stay with Hilton Honors in Las Vegas, here’s. Carissa Rawson writes for NerdWallet.

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Roths Child Law

NOVEMBER 26, 2021

If you're considering bankruptcy, you may be worried that friends and family members are going to think that it's your fault and blame you for some sort of financial mistake. You may worry about how they're going to see you. You may even stress yourself, wondering what errors you made and why you did things that put you in this position. . But is it really your fault?

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Bankruptcy Student loans Student Loans Loans 52

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?

Banks

Fico Collections

NOVEMBER 25, 2021

Banks, financial services and commerce all face a tricky balancing act when it comes to successfully meeting digital consumers’ expectations. It’s a benchmark that continues to shorten driven in part by evolving behaviour amid the ongoing pandemic, which has increased the demand for digital-first originations. Both the onboarding of returning customers and signing in of new visitors requires some form of verification to safeguard them from ID theft, prevent fraud and uphold regulatory requiremen

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Loans Financial services Banks 52

Account Recovery

NOVEMBER 23, 2021

The battle lines have been drawn. When it hears arguments in Hunstein v. Preferred Management & Collections — during the week of February 21, 2022 — the Eleventh Circuit Court of Appeals wants to hear from both sides on whether the plaintiff actually has standing to bring his lawsuit in the first place. The Eleventh … The post Eleventh Circuit Announces Date, Topic for Hunstein Rehearing appeared first on AccountsRecovery.net.

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Collections 246

Nerd Wallet

NOVEMBER 22, 2021

Cash flow can get tight around the holidays when bills must compete with things like gifts and travel for space in your budget. Paycheck advance apps offer a cash boost. They let you borrow money from your expected earnings for low or no fees, and take repayment from your next paycheck. Though that offer may. Annie Millerbernd writes for NerdWallet.

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Personal loans Loans 93

On Guard

NOVEMBER 25, 2021

Four years of data from Visma | Onguard’s Fintech Barometer finds growing confidence in blockchain technology. London, 25 November 2021 – 65% of organisations have either adopted blockchain technology or worked out the first ideas for future adoption in 2021, up from 51% in 2018. Of this 65%, almost a third are already utilising the technology – a significant 12% increase on last year’s levels.

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