Sat.Dec 12, 2020 - Fri.Dec 18, 2020

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Can a Debt Collector Collect After 10 Years?

Credit Corp

Whether you have medical debt, credit card debt or unpaid student loans , getting calls or letters from debt collection companies can be frustrating. But it’s especially frustrating if your debt is several years old. If you have debt on your credit reports or are getting calls from a collection agency, you might wonder how long a debtor can try to collect these debts—and how long it can affect your credit score.

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The Property Line: Buyers Face Emotional Journey in 2021

Nerd Wallet

Plan to buy your first home in 2021? It’ll probably take months instead of weeks, and you might feel demoralized at times. That’s not negative thinking. It’s an acknowledgment that the road to homeownership has potholes. The journey can be bumpy, but the destination is worth it. When you know at the outset that you’re. Holden Lewis writes for NerdWallet.

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The History of the Credit Repair Industry and Why It’s Still Important Today

Credit Corp

Why does the credit repair industry exist? It’s actually pretty simple. As long as data is being collected for credit reports, there’s room for mistakes. And those mistakes can have a big impact. They could be the difference in someone qualifying for different credit lines or not. So credit repair, consumer credit and credit bureaus—they’re all tied together.

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Daily Digest – December 18. D.C. Judge Strikes Eviction Filing Ban; Pa. AG Bans Student Loan Debt Relief Company

Account Recovery

D.C. JUDGE STRIKES DOWN PROHIBITION AGAINST EVICTION FILINGS A Superior Court judge in Washington, D.C., yesterday struck down a ban on landlords filing new eviction cases as unconstitutional, saying that property owners are entitled to go to court to regain possession of what is theirs. The ruling is not expected to lead to an influx … The post Daily Digest – December 18.

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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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Debt Collections for SaaS Clients

Enterprise Recovery

The internet allows for businesses to sell the use of software (and hardware) and revenue is collected either yearly or monthly as a subscription service. The as-a-service or subscription business model is sustainable as long as payments are received. Because client retention is very important to this business model, debt collections must be handled with business relationships in mind.

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How Credit Unions Can Reinvent Themself to Attract Millennials

Nexa Collect

Credit Unions must (seriously) reinvent their brand for millennials to compete for account deposits and financial services. Millennials are such a vital generation for financial service providers to address, not only because many of them are now coming into sizable personal income and surpluses through jobs and inheritance, but millennials are distinctive in their fluent use of technology and their outlook on finances, economy, family life and careers.

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Lawsuit Totals Mostly Down, But Complaints Stay Up: WebRecon

Account Recovery

Consumers are filing fewer lawsuits, but are filing more complaints, according to data released yesterday by WebRecon. It will be interesting to keep an eye on that lawsuit total and see if the relatively significant increase in complaints leads to a similar increase in lawsuits in the coming months. The number of Fair Debt Collection … The post Lawsuit Totals Mostly Down, But Complaints Stay Up: WebRecon appeared first on AccountsRecovery.net.

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How to Add Rent and Utilities to Your Credit Report

Credit Corp

More than 43 million people in America pay rent, but you wouldn’t know it to look at their credit reports. In fact, most rent and utility payments are not reported to the credit bureaus, which means you may not be getting credit for bills that you regularly pay. Here’s how to add rent and utility payments to your credit report. >> Learn more: How Rent Can Affect Your Credit Score.

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How to Give Stock as a Gift (And Why Tax Pros Like The Idea)

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. What’s a gift that’s more thoughtful than a stack of cash, doesn’t require leaving the house and keeps on giving longer than a jelly-of-the-month.

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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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Mitigating Risks Associated with Hotel, Restaurant and Entertainment Industry Economic Challenges: Part 6 – Considerations for the Appointment of a Receiver During Commercial Foreclosures

Jimerson Firm

As discussed in parts 1-4 of this series, lenders have several options prior to instituting a commercial foreclosure action. Additionally, as briefly discussed in part 5 of this series, during the foreclosure action, lenders have options to try to preserve the value of the underlying collateral and to minimize further losses. One of those options is the appointment of a receiver.

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CFPB Releases Part II of Debt Collection Rule Covering Validation Notices, Time-Barred Debt

Account Recovery

The Consumer Financial Protection Bureau today released Part II of its debt collection rule, providing guidance on sending validation notices and disclosures related to collecting time-barred debt. The rule, all 354 pages of it, can be accessed by clicking here. An executive summary of what was released today can be accessed by clicking here. [EDITOR’S … The post CFPB Releases Part II of Debt Collection Rule Covering Validation Notices, Time-Barred Debt appeared first on AccountsReco

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Do Personal Guarantees Affect Credit Scores?

Credit Corp

Whether you’re a solopreneur launching a start-up or a small-business owner seeking to grow your company, you might need extra funding. And if you’re looking for business loan, you might need a personal guarantee. Does a personal guarantee impact your credit and your own financial situation? Find out below. What Does a Personal Guarantee Mean?

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Calibrate Your Emergency Fund to a Crisis-Prone World

Nerd Wallet

It took a pandemic to convince Americans to take saving money seriously. For years, Americans set aside 7%-8% of their income. In a knee-jerk reaction to COVID-19, people stashed cash at a historic level. According to the U.S. Bureau of Economic Analysis, in April 2020, the personal savings rate exploded to over 33%. That rush. Hal M. Bundrick, CFP writes for NerdWallet.

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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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6 Quick Steps to Increase Cash Flow and Reduce Debt

Debt Recoveries

Hi, my name is Adam Stewart, Debt Collection Expert and owner of Debt Recoveries Australia.I want to share some quick ways you can increase your cash flow and at the same time, reduce your account receivables. I always say, cash is king in any business. You can be profitable and still go bankrupt because of cash flow problems. Cash flow is having the right amount of cash in the right places at the right time, every time.

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Pa. AG Bans Student Loan Debt Relief Company

Account Recovery

The Attorney General of Pennsylvania has stopped a company offering student loan debt relief services from operating in the state, forced it to repay $74,000 to individuals who were scammed, and pay a $50,000 fine as part of an announced settlement. The settlement, which was in the form of an Assurance of Voluntary Compliance, was … The post Pa.

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The Lenders Giving Borrowers Second Chance Loans

Credit Corp

Brenda Woods didn’t want to move and leave the garden she had tended for 40 years. But the roof was falling in. And her bank wouldn’t give her and her husband Larry a loan to buy a replacement home. Brenda’s still tending her garden, though, thanks to a second-chance loan from the New Hampshire Community Loan Fund-a Community Development Financial Institution (CDFI).

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JetBlue Mosaic Members to Get Unlimited Companion Passes in 2021

Nerd Wallet

Christmas came early for JetBlue Mosaic members this year. JetBlue has announced major changes to its TrueBlue program, and one of the biggest standouts could mean huge savings for Mosaic members. TrueBlue members with Mosaic status will receive free companion passes on flights booked and flown between Jan. 1 and May 20, 2021, which is. Sally French writes for NerdWallet.

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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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Unfinished college degrees and the cycle of debt

Roths Child Law

If you have an unfinished college degree and a mountain of debt, you're not alone. Many Tennessee residents who have dropped out of college find it difficult to break out of the debt cycle that began while they were a student. Fewer job prospects without a degree. Without a bachelor's degree on your resume, it can be hard to find work that pays much more than minimum wage.

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Daily Digest – December 17. Getting to Know Steven Kusic of NRA Group; The ROI That Training Can Offer a Collection Agency

Account Recovery

GETTING TO KNOW STEVEN KUSIC OF NRA GROUP Steven Kusic is likely the first Isaac Newton-reading tax specialist who has participated in the “Getting to Know” series, but that is just the tip of the iceberg for the CEO of NRA Group. Read on to learn more about Steven and why you’re likely to find … The post Daily Digest – December 17. Getting to Know Steven Kusic of NRA Group; The ROI That Training Can Offer a Collection Agency appeared first on AccountsRecovery.net.

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Consumer Financial Protection Bureau Issues Final Rule on Consumer Disclosures Related to Debt Collection

Consumer Finance

On December 18, 2020, the Consumer Financial Protection Bureau issued a final rule to implement Fair Debt Collection Practices Act (FDCPA) requirements regarding certain disclosures for consumers.

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Smart Money Podcast: Charitable Giving, and Using Savings to Pay Student Loans

Nerd Wallet

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion of the $300 tax deduction for charitable contributions made in 2020, and how to make your donations go further. Then we pivot to this week’s question from Chris, who asks: “Should I empty my savings. Liz Weston writes for NerdWallet.

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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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General Insurance Code of Practice Training

Debt Recoveries

By Kirti Joshi and James McGuire. As a part of Debt Recoveries Australia’s ongoing commitment to improvement, their clientele and the greater community, our team recently undertook additional training provided by the. Australian and New Zealand Institute of Insurance and Finance (ANZIIF) regarding the recent updates to the General Insurance Code of Practice.

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Supreme Court to Hear Arguments in FCRA Class Action Over Standing

Account Recovery

The Supreme Court yesterday agreed to hear arguments 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 future of class actions across the country, according to legal experts. A date … The post Supreme Court to Hear Arguments in FCRA Class Action Over Standing appeared first on AccountsRecovery.net.

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Key Takeaways from TrueAccord’s Utilities Roundtable on LIHEAP and COVID-19 Assistance

True Accord

By March 2021, small business and residential utilities customers could owe up to $40 billion in unpaid debt. To better understand this moment of increased financial hardship and economic uncertainty, TrueAccord hosted a roundtable with several Northeast and Midwest utilities companies. Participants shared insights and brainstormed creative solutions to better help their utilities customers, including: Educating consumers on assistance programs Reaching consumers where they are, with the use of

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Top Hotel Credit Cards That Offer Free Anniversary Nights

Nerd Wallet

Hotel credit cards can, of course, earn you points to put toward complimentary stays. But some of the best products in this category go further, offering an automatic free night each year to cardholders, separate from any points you’ve earned. Or, in lieu of an outright free night award, other cards may offer “paths” to this. Erin Hurd writes for NerdWallet.

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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