Sat.Jan 30, 2021 - Fri.Feb 05, 2021

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9 Ways You Can Avoid Client Debts

JMA

Whether your business is small or large, there is a likelihood that you have customers who you provide goods or services to, with payment collected at a later date, essentially you provide your goods or services on credit. As we all know, to run a business effectively, we need to have a good positive cash. Read more » The post 9 Ways You Can Avoid Client Debts appeared first on JMA Credit Control.

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Drop in UK Business Insolvencies masking a grim reality

UK debt collections

According to latest figures, Corporate and Business Insolvencies fell by 27.1% for 2020 in England and Wales. Unfortunately the statistics do not tell the whole story as many businesses in the UK are in distressed situations. There is a huge pile up of unpaid invoices in the UK with Small Businesses and organisations afraid to act. Many companies are simply waiting for ‘normal’ to return but nobody can actually forecast when that will be.

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Video: How Empathy Boosts Collection Rates While Lowering Compliance Issues

Account Recovery

There is a perception in the industry that compliance and empathy sit on opposite ends of a seesaw, and the ultimate goal for any collection operation is to find the balance between the two. But that is not necessarily the case. As Mary Shores and Judd Peak discuss in the latest episode of “Training Bytes,” … The post Video: How Empathy Boosts Collection Rates While Lowering Compliance Issues appeared first on AccountsRecovery.net.

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When is a Startup Considered a Real Business?

Enterprise Recovery

Defining 'startup' isn't as simple as it would seem. To some, your business is no longer a startup when you begin turning a profit. To others, 'startup' is a state of mind, like always chasing or hustling to push out new ideas. If your company has been calling itself a 'startup', what have you determined pushes you past that startup idea? When is a startup considered a real business?

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

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.

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5 Ways to Trim Your Tax-Prep Costs This Year

Nerd Wallet

As millions of Americans embark on the annual ritual of tax preparation this year, many will buy tax software or hire human tax preparers — and it probably won’t be cheap. Tax software can easily run $100 or more for many people, and human tax pros charge $203 on average to do a tax return, Tina Orem writes for NerdWallet. Email: torem@nerdwallet.com.

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Judge Grants MSJ in FDCPA Case Over Disputed Debt

Account Recovery

A District Court judge in Arkansas has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act case after it was accused of engaging in harassing behavior by sending the same verification letter twice in a month in response to two dispute notices sent by the plaintiff and for not including … The post Judge Grants MSJ in FDCPA Case Over Disputed Debt appeared first on AccountsRecovery.net.

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Debtor Daddy partners with FundTap to offer a complete cash flow solution

Debtor Daddy

We’re excited to announce our new partnership with invoice financing service FundTap. FundTap turns outstanding invoices into immediate cash so businesses can grow stress-free without being restricted by a shortage of cash.* Cash flow issues from long payment terms can cause serious headaches and hinder business growth. Partnering with FundTap will allow Debtor Daddy customers access to fast, simple and transparent business funding that will keep them moving forward.

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Black-Owned Banks and Credit Unions: Where to Find Them

Nerd Wallet

Black-owned banks tend to serve African Americans more than other banks do. Their mission includes closing the wealth gap in America. » Skip ahead to the list of Black-owned U.S. banks and credit unions The typical white family has eight times the wealth of the typical Black family, according to a 2019 Federal Reserve survey. Spencer Tierney writes for NerdWallet.

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Webinar: 15 Critical Construction Contract Provisions

Jimerson Firm

On Wednesday, March 3, 2021 from 12:00 PM-1:00 PM, three of our partners will present 15 Critical Construction Contract Provisions: How to Use Them to Protect the Project and Your Bottom Line. This webinar is geared towards General Contractors, and it will cover fifteen critical contract provisions, what they mean for your business, and how they can affect your project.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

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.

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Daily Digest – February 3. AGs Seek to Stop Settlement in FDCPA Processing Fee Case; GAO Reviews Debt Collection Rule

Account Recovery

AGs SEEK TO STOP SETTLEMENT IN FDCPA PROCESSING FEE CASE A group of 33 state attorneys general are attempting to intervene and stop a settlement in a class-action Fair Debt Collection Practices Act case in which a mortgage servicer was accused of charging processing fees when taking payments over the phone or via its website. … The post Daily Digest – February 3.

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Credit Reporting During and After Bankruptcy

Sawin & Shea

Have you wondered what will happen to your credit report during and after your bankruptcy? When you’re working with a bankruptcy attorney at Sawin & Shea, one of the services we offer is reviewing your credit report. Here’s why we do so and why it will be a huge help to you. And good news – it comes at no charge and is just part of the services we offer.

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Buzzy Banking Apps for Kids and Teens

Nerd Wallet

Moms and dads who want to teach their kids about money have some trendy tools at their disposal: kid-focused mobile banking apps, many of which come with personalized debit cards. They teach kids how to save and spend (with mom or dad safely supervising account use) and make it easy to give an allowance. But. Margarette Burnette writes for NerdWallet.

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Webinar: Properly Handling Mortgage Foreclosures

Jimerson Firm

On Tuesday, March 23, 2021 from 10:00 AM-11:00 AM, four of our partners will present Properly Handling Mortgage Foreclosures: Learn Solutions for Streamlining the Process, Overcoming Obstacles & Maximizing Recovery. How to handle mortgage foreclosures properly the first time around requires attention to the details and specific knowledge. This webinar will highlight common problems encountered during foreclosures while offering effective solutions to each issue.

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Agent Tooling: Connecting AI to Your Tools, Systems & Data

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.

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TransUnion Makes Case to Decertify Class in $40M FCRA Case

Account Recovery

A credit reporting agency has filed its brief with the Supreme Court as it seeks to have a class of plaintiffs decertified in a Fair Credit Reporting Act case that will answer the question of whether every member of a class must have Article III standing in order to recover damages, which could significantly impact … The post TransUnion Makes Case to Decertify Class in $40M FCRA Case appeared first on AccountsRecovery.net.

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Webinar: Digital Debt Collections 101 with Klarna and TrueAccord

True Accord

Watch the full recording here , or read on to learn more about this webinar. Poor customer experience. Compliance challenges. Reputational risk. These are some of the factors that have prevented lending organizations – from areas as diverse as Fintech, utilities, service organizations, property management, telecommunications, and more – from investing in debt collections.

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How to Make Good on Your Resolution to Pay Off Debt in 2021

Nerd Wallet

If you have high-interest consumer debt, getting control of your money in the new year might sound overwhelming. Most Americans say the COVID-19 outbreak has caused financial stress, according to a survey released in October by the National Endowment for Financial Education, with 30% listing debt as their top stressor. Despite the pandemic, you can.

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Foreclosing on Property With a Mobile Home

Jimerson Firm

In Florida, lenders may find themselves foreclosing on real property with a mobile home attached to the land. Initially, a mobile home is considered personal property (like a vehicle) and is titled by the Department of Motor Vehicles. However, a mobile home may be “retired” to the real property and become part of the real property. If the mobile home has been retired and is part of the real property, it will be included in the foreclosure.

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Future-Proof Your Firm: Smarter Tech for Stronger Returns & Simpler Workflows

Speaker: Joe Wroblewski, Senior Sales Engineer

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!

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CFPB Updates List of Consumer Reporting Companies

Account Recovery

The Consumer Financial Protection Bureau on Friday updated its list of consumer reporting companies that provide information about credit reports, employee background checks, tenant screening, gaming, and more. The update is an annual refresh that is performed by the CFPB to provide consumers with a comprehensive, but not exhaustive, list of companies that may be … The post CFPB Updates List of Consumer Reporting Companies appeared first on AccountsRecovery.net.

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Six Steps the New Administration Should Take During Its First 100 Days

Prosperity Now

It is an exciting time for those of us who care about building financial security for low-income communities and narrowing

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The Coinbase IPO: What to Know

Nerd Wallet

This article provides information and education for investors. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. On Jan. 28, 2021, the U.S. cryptocurrency exchange Coinbase announced its plans to go public via a direct listing, a strategy that Slack and.

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SBA Loans: Wrap-Up and Charge-Off Procedures

Jimerson Firm

When a SBA loan is in liquidation status, lenders and authorized CDC liquidators are required to perform “Prudent Liquidation.” This means that lenders and authorized CDC liquidators must liquidate and conduct debt collection litigation in a “prompt, cost-effective and commercially reasonable manner, consistent with prudent lending standards, and in accordance with loan program requirements.” 13 C.F.R. § 120.535(b).

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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

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.

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How Patients Incur Out-of-Pocket Expenses

Account Recovery

Individuals who incur medical debt tend to have it happen in what researchers are calling “dramatic financial shocks” because healthcare expenses are calculated on an annual basis and do not take into consideration that out-of-pocket spending happens in short bursts throughout the year and are not generally spread out. In fact, nearly 40% on individuals … The post How Patients Incur Out-of-Pocket Expenses appeared first on AccountsRecovery.net.

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4 Core Negotiation Tactics for Collections

PDC Flow

Collector.Live! has wrapped up another program full of speakers, panels and inspirational knowledge. Front line collectors gained insight on everything from the impacts of Regulation F to the positive impacts of mental rehearsal on job performance. One such speaker, Dr. Joshua N. Weiss, who is a negotiation and conflict resolution expert and President of Negotiation Works, Inc., taught attendees the benefits of using four core negotiation tactics during collection.

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Should Your First House Be a Condo?

Nerd Wallet

Whether you’re having trouble finding an affordable single-family home or you’re simply fed up with renting, a condominium can be a way to wade into homeownership rather than diving into the deep end. Condos tend to come with lower price tags than single-family homes. They offer significantly greater independence than renting, but you aren’t on. Kate Wood writes for NerdWallet.

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Post-Default Environmental Risk Management for SBA Lenders

Jimerson Firm

If a borrower defaults on a SBA loan, the lender or CDC must assess the environmental risk of contamination before conducting any liquidation action that could result in a loss, or otherwise increase the risk of loss, due to the actual or alleged presence of contamination. Lenders and CDCs assess the environmental risk of contamination by conducting an Environmental Investigation, which may include an Environmental Questionnaire, Records Search with Risk Assessment, Transaction Screen Analysis,

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Operational Strength Starts with People: The New Rules of Finance Leadership

Speaker: Melissa Hurrington

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