Credit Corp
DECEMBER 14, 2020
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.
Nerd Wallet
DECEMBER 16, 2020
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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Credit Corp
DECEMBER 14, 2020
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.
Account Recovery
DECEMBER 18, 2020
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.
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.
Enterprise Recovery
DECEMBER 18, 2020
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.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Nerd Wallet
DECEMBER 16, 2020
The majority of Americans typically don’t use all their paid time off. That’s been a worrying trend in past years that could lead to potential burnout or resentment as employees don’t take full advantage of compensation they’re entitled to. But in a year where people traveled significantly less than they used to, millennials are actually. Sally French writes for NerdWallet.
Account Recovery
DECEMBER 18, 2020
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.
Credit Corp
DECEMBER 15, 2020
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.
Jimerson Firm
DECEMBER 15, 2020
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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Nerd Wallet
DECEMBER 15, 2020
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.
Account Recovery
DECEMBER 18, 2020
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
Credit Corp
DECEMBER 14, 2020
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?
Debt Recoveries
DECEMBER 14, 2020
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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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.
Nerd Wallet
DECEMBER 17, 2020
You probably need life insurance if your death would cause financial hardship to someone else. If the only coverage you have is through your job, though, you may not have enough. Fortunately, buying life insurance has gotten easier in some ways during the pandemic. Plus, coverage may be cheaper than you think. The rising COVID-19. Liz Weston writes for NerdWallet.
Account Recovery
DECEMBER 18, 2020
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.
Credit Corp
DECEMBER 14, 2020
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).
Roths Child Law
DECEMBER 16, 2020
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.
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?
Nerd Wallet
DECEMBER 14, 2020
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.
Account Recovery
DECEMBER 17, 2020
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.
Consumer Finance
DECEMBER 17, 2020
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.
Debt Recoveries
DECEMBER 16, 2020
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.
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?
Nerd Wallet
DECEMBER 18, 2020
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.
Account Recovery
DECEMBER 17, 2020
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.
Fico Collections
DECEMBER 14, 2020
Decision optimization is becoming a core technology in financial services, because of its ability to deliver substantial increases in profit for specific strategies, driving the business forward in a systematic fashion. In this short video, Marc Drobe of FICO explains how decision optimization works. As Mark explains, decision optimization can be described as a mathematical optimization process to develop better decision strategies.
Consumer Finance
DECEMBER 14, 2020
On December 15, 2020, the Consumer Financial Protection Bureau released a panel report as part of its rulemaking process under Dodd-Frank Act Section 1071 governing the collection and reporting of small business lending data.
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