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Under Florida law, condominium associations have the ability to assess unit owners for their proportional amount of the costs and expenses for maintaining and operating the condominium property. The ability of condominium associations to collect assessments from unit owners is provided for in Chapter 718, Fla. Stat., and in the condominium’s governing documents.
Final expense insurance is typically a small whole life insurance policy where the proceeds are earmarked specially for funeral and other end of life expenses. Ultimately, the net result will be a tax-free cash payment to a beneficiary(s). Most insurance companies aim to pay claims within a few days since they know the funds are likely to be used for a funeral.
As a credit control expert, I often come across the accounts of “high-turnover” businesses, who are nonetheless, drowning in debt and struggling to show a profit. Usually it’s because they don’t have good systems in place to ensure bad debt is reduced or illuminated. Today I want to help you avoid getting into debt in the first place and then advise you what to do if and when it happens again.
AUSTIN, TEXAS, USA, October 23, 2020 — Brit Suttell has been awarded the National Creditor’s Bar Association’s Donald Kramer Award. The Donald Kramer award is given each year to “someone whose efforts have made a substantial and lasting impact for the benefit of the credit and legal collection community.” Ms. Suttell currently serves as an … The post Brit Suttell Awarded Prestigious Donald Kramer Award appeared first on AccountsRecovery.net.
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.
In the age of social media and rapid-fire news stories, it's important for businesses to consider their brand reputation. If your accounting team outsources its bad debt or unpaid receivables to a collections agency, it's also important to protect your brand. Quite simply, a negative experience with a collections company could sour business relationships and your branding.
Amid the COVID-19 pandemic, with millions of schoolchildren still learning remotely as the weather turns colder, some might benefit from a few investments in their at-home experience. The following items, all under $15, can help make distance learning more appealing to even the youngest learners. 1. New background decorations When your child is on screen.
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Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Amid the COVID-19 pandemic, with millions of schoolchildren still learning remotely as the weather turns colder, some might benefit from a few investments in their at-home experience. The following items, all under $15, can help make distance learning more appealing to even the youngest learners. 1. New background decorations When your child is on screen.
Unpaid bills are a huge problem for funeral homes. Recovering money from the estate or from relatives can often become difficult. The internal staff of funeral homes is able to recover money in most cases but then there are those tough 10% of the cases where recovering money gets a bit out of hand. A Collection agency for funeral homes can attempt to recover money a lot more efficiently.
In a case that was defended and argued by Troutman Pepper, the Ninth Circuit Court of Appeals yesterday upheld a summary judgment in favor of a defendant that was accused of violating the Fair Credit Reporting Act by obtaining credit reports on individuals without a permissible purpose. A copy of the ruling in the case … The post Ninth Circuit Sides With Defendant in FCRA Permissible Purpose Case appeared first on AccountsRecovery.net.
Getting a new car is a big decision, and you should choose your next vehicle carefully. But if you think finding the right car is difficult, deciding whether to lease or buy can be even more overwhelming. Start the process right by understanding the minimum credit score to lease a car and determining whether this is the best decision for you. 1. Check Your Credit.
With a co-op, you aren’t actually buying a home. Instead, you’re buying shares in a corporation that allow you to live in a home. This can make financing a co-op difficult, since it’s not actually a real estate transaction. But if you live in an area where co-ops are common, like New York City or. Kate Wood is a writer at NerdWallet. Email: kwood@nerdwallet.com.
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.
Official figures worldwide show that the number of businesses starting up is constantly rising. More and more people are turning to entrepreneurship, and business chiefs are predicting that small businesses are going to play a vital role in the future economy. According to the Small Business Administration (SBA) there are 30.7 million small businesses in the U.S. which account for 99.9 percent of all U.S. businesses.
MORE AMERICANS ‘STRUGGLING’ TO PAY HEALTHCARE BILLS: SURVEY About 40% of Americans are having trouble managing their medical bills and have had at least one bill sent to collections, according to a survey conducted by U.S. News & World Report this month. The media outlet conducted the survey to see how individuals are managing medical … The post Daily Digest – October 20.
Your company sent everyone home when the pandemic began last March and now that is your workplace so you’re probably wondering if that means you’re eligible for some serious tax breaks when you file next April 15. Or maybe the COVID-19 crisis made your job disappear altogether, so you entered the gig economy and created… The post How Working from Home in 2020 Affects Income Taxes appeared first on Debt.org.
If you’re working toward a savings goal, you have a lot of options for where you can put away your cash. Savings accounts, certificates of deposit, money market accounts, cash management accounts and investment accounts are all possibilities. So which should you choose? That depends on how far away your goal is, how much you. Chanelle Bessette is a writer at NerdWallet.
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.
Karen Edler and Jackie Esposito, attorneys in Price, Meese, Shulman & D’Arminio, P.C.’s Education Law Group, successfully litigated an Article 78 proceeding in New York’s Supreme Court vindicating the rights of three New York University (“NYU”) students, and returning them to the classroom. In what is believed to be the first reported decision of the issue of a private university’s right to suspend students for COVID-19 violations, the Honorable Carol R.
More hospitals and health systems are incorporating technology that automates tasks into their operations, but the amount of automation being deployed within an organization appears to be tied to the amount of revenue being generated by the company, according to a survey of healthcare financial managers. Overall, about 67% of hospitals and health systems have … The post More Healthcare Organizations Using Automation, But Size Matters appeared first on AccountsRecovery.net.
Last week I shared FICO’s insights into fraud patterns related to spending on medical devices , including personal protective equipment (PPE) and medical devices such as nebulizers. This post examines whether increased food deliveries are causing a similar rise in food delivery fraud. Home food delivery has skyrocketed during the pandemic; from January to July 2020, the number of credit card transactions for on-demand food delivery platforms increased by a whopping 86%.
Backsplashes have come a long way from their humble beginnings. Once installed only to protect walls from water, grease and food splatter, the original backsplashes were just four inches high and had little decorative appeal. Today’s backsplashes are essential kitchen accents, adding vibrant pops of color, light and texture — in addition to protecting walls.
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!
Adapting live conferences to a digital format has created many challenges for events coordinators this year. However, trade organizations – like the California Association of Collectors (CAC) – remain dedicated to providing resources and networking opportunities for members, just as in years past. During one session, Amanda Griffith , partner with Berman, Berman, Berman, Scheinder & Lowary, LLP , discussed debt collection compliance topics like call baiters, and how to avoid the “ compliance
A District Court judge has denied a defendant’s motion to dismiss after it was sued for violating the Fair Credit Reporting Act because it did not perform a reasonable investigation into a dispute even though the plaintiff disputed the debt 42 times with three different credit bureaus. A copy of the ruling in the case … The post Judge Denies MTD in FCRA Case Over Lack of Investigation appeared first on AccountsRecovery.net.
Home Credit Group , which lends to underserved customers with little or no credit history, has chosen FICO® Decision Optimizer , part of the FICO® Platform , to further improve its lending offers in multiple markets. The adoption of FICO’s AI-powered optimization follows a successful pilot in Russia, which delivered excellent results including significant profitability improvement on the targeted part of the loan portfolio, as well as an increase in new loan volumes.
In today’s hot housing market, buyers feel pressure to bring their A-game. Besides making their “highest and best” offers, some eager buyers go an extra step and include a personal letter in hopes of winning the seller’s heart. “We’re newlyweds and your house will be a perfect place to start our family!” “Our kids will. Barbara Marquand is a writer at NerdWallet.
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.
Sometimes, foreclosure of a commercial property is the only option available to lenders and servicers to limit losses as a result of defaults on hotel and restaurant mortgages. Parts 1-4 of this series discussed pre-foreclosure options available to lenders dealing with hotel/restaurant mortgage defaults. This article provides a high-level overview of the commercial foreclosure process and practical considerations for lenders and servicers.
In a case that was spotlighted by Barron & Newburger, a District Court judge in Illinois has granted a defendant’s motion for summary judgment after it was sued for violating the Fair Debt Collection Practices Act by not itemizing a debt in the initial collection letter, but doing so in a subsequent letter, which the … The post Judge Grants MSJ For Defense Over Lack of Itemization in Letter appeared first on AccountsRecovery.net.
The Consumer Financial Protection Bureau issued a final rule to extend the Government-Sponsored Enterprise Patch until the mandatory compliance date of a final rule amending the General Qualified Mortgage loan definition in Regulation Z.
It can be easy to be fooled into thinking you scored a deal after nabbing a $26 flight to Las Vegas on Spirit Airlines. But while the airfare itself is certainly cheap, there’s a good chance your total flight costs will far exceed $26. That’s because Spirit Airlines has one of the most comprehensive a. Sally French is a writer at NerdWallet. Email: sfrench@nerdwallet.com.
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
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