Account Recovery
AUGUST 27, 2021
A quartet of individuals have been charged with conspiracy to commit wire fraud and conspiracy to commit bank fraud in a $150 million payment processing scheme that included facilitating transactions for debt collectors, and one of the individuals remains at large, according to an indictment that was unsealed yesterday in Massachusetts federal court.
American Profit Recovery
AUGUST 25, 2021
There are so many aspects to running and managing a business that you can truly enjoy. Maybe you love interacting with customers, problem solving, or working the back end, creating new products and services. You and your team should enjoy coming to work and doing what people pay you for. But there are going to be times when customers do not pay you as we are sure you have figured out by now.
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Nexa Collect
AUGUST 23, 2021
For your business, there are never enough ways for you to promote your brand and your company. It is your opportunity to show your local community why they should spend time at your company and why they should trust you over other competitors. For marketing, there are many routes that you could take to improve your visibility in your industry. You could take on the role yourself, implementing these strategies, but it can be challenging to do that while running your company!
Nerd Wallet
AUGUST 23, 2021
This article provides information for educational purposes. NerdWallet does not offer advisory or brokerage services, nor does it recommend specific investments, including stocks, securities or cryptocurrencies. The idea of anything creeping in unnoticed is enough to unnerve the bravest among us. In the world of personal finance, it’s the subtle, sneaking changes in spending habits that.
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.
Account Recovery
AUGUST 27, 2021
A District Court judge in New Jersey has granted a defendant’s motion to dismiss on all counts but one in a class-action Fair Debt Collection Practices Act case, ruling that the allegations that the amount of a debt was mis-stated in a letter can not be ruled on at this stage in the process. A … The post Judge Grants MTD on All Claims But One in FDCPA Class Suit appeared first on AccountsRecovery.net.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Nexa Collect
AUGUST 23, 2021
When it comes to your medical practice, it is essential that you accurately portray the patient experience (read it positive experience). In the digital age, there are many ways that patients can share their feedback, communicate with others, and let you know how you did in caring for their needs. One of the most critical and widespread forms of reviewing any business is through Google reviews.
Nerd Wallet
AUGUST 23, 2021
The onset of the COVID-19 pandemic was disruptive for many small businesses. However, there are insights that can be drawn from this experience — and these could help your business survive the next challenge or capitalize on an unexpected opportunity. Business agility is vital. Small businesses that can quickly make adjustments to daily operations, the.
Account Recovery
AUGUST 27, 2021
JUDGE GRANTS MTD ON ALL COUNTS BUT ONE IN FDCPA CLASS ACTION A District Court judge in New Jersey has granted a defendant’s motion to dismiss on all counts but one in a class-action Fair Debt Collection Practices Act case, ruling that the allegations that the amount of a debt was mis-stated in a letter … The post Daily Digest – August 27.
Credit Corp
AUGUST 23, 2021
It’s a common scenario: You apply for a personal loan or credit card and get denied. The reason seems shrouded in mystery, and you receive a letter with language such as “lack of recent installment loan information” or “proportion of balances to credit limits.” Find out what these reason codes actually mean and what to do about them below. 8 Common Reasons You Were Denied Credit.
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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.
Debt RR
AUGUST 27, 2021
When you’re attempting to collect a debt from a commercial customer, you know that every second counts. After all, the older the debt is, the harder it becomes to collect. When the traditional letters, phone calls, and negotiations fall short, it may be time to consider filing a debt collection lawsuit against your customer. Filing a claim for unpaid debt in civil court can be a complex, time-consuming process.
Nerd Wallet
AUGUST 26, 2021
Businesses figured out how to work remotely on the fly when COVID-19 rapidly disrupted our way of working. Those planning to adopt a hybrid work model when they return to the office still have time to prepare. But managing a distributed team comes with its own unique challenges, like: What does hybrid look like for. Kelsey Sheehy writes for NerdWallet.
Account Recovery
AUGUST 27, 2021
The Department of Education yesterday exercised its authority to extend the window to discharge student loans for individuals who attended schools that closed to cancel $1.1 billion in unpaid student loans — 43% of which are in default — for former students of ITT Technical Institute. The window now includes any loans that were originated … The post Ed.
Credit Corp
AUGUST 25, 2021
Update: Due to growing financial difficulties brought on by COVID-19, the Treasury Department has distributed over $6 billion to states in an effort to help struggling landlords and renters. States have now received $30 billion in rental assistance, and more is expected to come in the following months. . In 2020, the federal government signed the Coronavirus Aid, Relief and Economic Security Act into law.
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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
AUGUST 26, 2021
Commercial landlords may encounter tenants who refuse to pay rent, refuse to vacate the premises after the lease term has ended or fail to cure a material breach of the lease agreement. In these situations, the landlord may decide to commence eviction proceedings by filing an action for eviction and for damages. Commercial eviction actions are also commonly referred to as summary removal actions.
Nerd Wallet
AUGUST 26, 2021
The Federal Reserve pours billions of dollars every month into the mortgage market. Home prices have skyrocketed beyond affordability for some would-be buyers. How much blame should we pin on the Fed? It turns out that you can’t answer that question with the specificity I hoped for. Yes, the Fed is partly responsible for rapidly. Holden Lewis writes for NerdWallet.
Account Recovery
AUGUST 27, 2021
It might not be a Hunstein case, but a District Court judge in Missouri has granted a defendant’s motion for judgment on the pleadings after it was sued for allegedly violating the Fair Debt Collection Practices Act by disclosing the existence of a debt to a third party — in this case a bankruptcy attorney … The post Judge Rules for Defendant in Third-Party Disclosure Case appeared first on AccountsRecovery.net.
Credit Corp
AUGUST 24, 2021
Debt can get complicated, especially if you have a lot of it. Credit counselors are trained professionals who help individuals and families work to get a handle on their debt so they can lay a stronger financial foundation for the future. How does credit counseling work? Find out more below so you can make a decision about whether this is a tool you want to use.
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?
Fico Collections
AUGUST 23, 2021
Based on the 2020 US Census , the US credit-eligible population (those over 18 years of age) is 258 million people. But how many of those consumers can obtain a FICO® Score? . Calculations by FICO data scientists indicate that more than 232 million US consumers can be scored by the FICO® Score suite. That is 90% of the credit-eligible US population.
Nerd Wallet
AUGUST 24, 2021
If you’ve amassed multiple forms of debt, like credit cards, medical bills or personal loans, you might be considering consolidating. Debt consolidation is when you combine your debts into one payment, usually with a consolidation loan. Not only does this simplify your debt, but if you qualify for a low enough rate, you can pay. Jackie Veling writes for NerdWallet.
Account Recovery
AUGUST 26, 2021
A ruling that should have every debt collector going through their insurance policies to make sure they have the proper coverage … The Court of Appeals for the Eighth Circuit has affirmed a lower court’s ruling in favor of an insurance company that was being sued by a law firm that was accused of violating … The post Appeals Court Upholds Ruling for Insurance Company Against Debt Collector appeared first on AccountsRecovery.net.
True Accord
AUGUST 24, 2021
On July 28, the debt collection advisory committee of the California Department of Financial Protection and Innovation (DFPI), whose mission is to better protect California consumers, promote responsible innovation, reduce regulatory uncertainty for emerging financial products and increase education and outreach to vulnerable groups, held its inaugural meeting.
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?
PDC Flow
AUGUST 24, 2021
Nobody’s perfect. Human error should be an expected occurrence in any organization. Sometimes, though, that error can cost your company money, time and resources to correct. That’s why managers and business owners are turning to payment management software to help keep things organized. PDCflow’s organizational hierarchy keeps consumer payment details in order and allows company administration to control staff access to sensitive information.
Nerd Wallet
AUGUST 23, 2021
Annual premiums for workers’ compensation insurance can cost a small business anywhere from a few hundred dollars to a few thousand dollars per $100,000 in payroll, depending on factors like the business’s industry, location and claims history. While your final cost for workers’ compensation insurance is up to experienced actuaries, understanding how it is calculated.
Account Recovery
AUGUST 26, 2021
GETTING TO KNOW JUSTIN RUSSELL OF VENGROFF-WILLIAMS If there is one reason for the accounts receivable management industry to be thankful for the creation of the Consumer Financial Protection Bureau, it’s that without it, the industry likely might never have had the chance to work with Justin Russell. Russell’s beginnings in the industry may be … The post Daily Digest – August 26.
Sawin & Shea
AUGUST 25, 2021
The short answer to this question is yes, but with caveats. However, the requirements for Chapter 7 and Chapter 13 Bankruptcy are different, so we’ll discuss each of them separately. Chapter 7. In Chapter 7 Bankruptcy , you file papers with the Bankruptcy Court asking for immediate protection from your creditors and ultimately for an elimination (discharge) of most debts.
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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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