Sat.Mar 06, 2021 - Fri.Mar 12, 2021

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Daily Digest – March 10. New Series Tackles Real-World Credit Reporting Scenarios; Appeals Court Overturns Dismissal of FDCPA Suit

Account Recovery

NEW SERIES TACKLES REAL-WORLD CREDIT REPORTING SCENARIOS Of all the different parts that make up collecting debt and running a successful collection operation, perhaps the most risky and complicated component is credit reporting. Collection agencies that opt to furnish information to credit reporting agencies face significantly more risks than those that do not furnish information, … The post Daily Digest – March 10.

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HR Tech SaaS Companies Are Transforming the HR Industry

Enterprise Recovery

In every business, employees are the most powerful and often, most expensive, resources. Human resources managers are tasked with hiring the best people in the most efficient manner, onboarding them quickly and supporting the overall employment experience within the company. It's quite the challenge to manage all of the paperwork, changing job specifics and the actual human resources.

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Collection Agencies in Puerto Rico

Nexa Collect

Debt collection agencies in PR include Kinum , TSI , CICA, ILCA and Professional recoveries. Spanish and English-speaking debt collectors are required for Puerto Rico debt collection. Need a Collection Agency in PR? Contact us. ( Local debt collectors ). Debt collection is hard enough in general, but what can you do when your recovery efforts take you to non-contiguous territories of the United States, like Puerto Rico?

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4 Reasons healthcare collections need to be cordial

American Profit Recovery

If you are running any type of healthcare facility or medical practice, we know how hard you have worked to cultivate new patients. It can take years to build a thriving practice and along with the best medical care, the way you do that is to provide a warm and welcoming environment at every phase of the patient experience. The patient experienced starts from that first phone call for care all the way through how that person is treated in the office, by all levels of staff, and after the visit.

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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

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.

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New Series Tackles Real-World Credit Reporting Scenarios

Account Recovery

Of all the different parts that make up collecting debt and running a successful collection operation, perhaps the most risky and complicated component is credit reporting. Collection agencies that opt to furnish information to credit reporting agencies face significantly more risks than those that do not furnish information, but the payoff is the expectation that … The post New Series Tackles Real-World Credit Reporting Scenarios appeared first on AccountsRecovery.net.

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What Happens If I Miss a Mortgage Payment?

Credit Corp

The following is a guest post by Kalicia Bateman, a finance editor for Best Company. When you’ve missed a mortgage payment your mind may immediately spiral to foreclosure. Foreclosure. It’s a big, scary word. But, it should bring you some peace of mind to know that foreclosure is not the immediate consequence for missing a loan payment. Foreclosure doesn’t really come up until you’ve missed two or three payments.

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Remember these top tax tips if your debts get cancelled

Roths Child Law

If you’re going to go through bankruptcy or to look for other methods of having debt cancelled, it’s important to know how your taxes are affected by that decision. When a lender cancels any part of your debt, that debt becomes income in most cases. What that means is that you are expected to pay tax on that income, just like you would on income from a job.

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Appeals Court Affirms Dismissal of FDCPA Over Issue with Collection Lawsuit, Lack of Title Chain

Account Recovery

The Eighth Circuit Court of Appeals has upheld the dismissal of a pair of lawsuits filed against a collection law firm that accused it of violating the Fair Debt Collection Practices Act because it included “disbursements” in a statement of claim document when collection lawsuits were filed against the plaintiffs, and because the debt buyer … The post Appeals Court Affirms Dismissal of FDCPA Over Issue with Collection Lawsuit, Lack of Title Chain appeared first on AccountsRecov

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How to Travel to the Caribbean on a Budget

Nerd Wallet

White sandy beaches provide a restful reprieve from daily stresses. Secluded shores and remote islands encourage natural social distancing. And, if you’re coming from the U.S., you’ll get to explore a new region without too much jet lag. For these reasons, plus a high level of affordability, the Caribbean makes a solid choice for a. Sally French writes for NerdWallet.

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When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

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.

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Can Banks be Liable for Processing or Underwriting a Loan that a Borrower Cannot Afford?

Jimerson Firm

Oftentimes, individuals or businesses borrow money from a bank or lender, and unfortunately, are unable to pay the loan payments. In this event, the borrower may try to shift the blame of their inability to pay on the bank or lender, by filing a claim for negligent loan processing or underwriting, and/or breach of fiduciary duty. Based on this, it is important for banks and lenders to know if they can be liable for processing or underwriting a loan, which the borrower ends up not being able to a

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eDriving Helps Riskiest Drivers Reduce Collision Risk

Fico Collections

Improved Driving Using Smartphone Telematics and Scoring Analytics . Every year there are approximately 1.35 million fatalities in traffic collisions worldwide. eDriving SM , a leading global provider of digital driver risk management programs, has partnered with FICO to create scoring algorithms to capture driving behavior and develop a transformational predictor of a drivers’ risk level designed to help them reduce their risk of future collisions.

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Bill Seeks to Exclude Evictions From FCRA

Account Recovery

A bill has been introduced in the House of Representatives that is seeking to amend the Fair Credit Reporting Act to exclude evictions that have occurred during the COVID-19 pandemic from consumers’ credit reports. H.R. 1594 was introduced last week by Rep. Greg Stanton [D-Ariz.]. It has picked up 14 co-sponsors since it was introduced, … The post Bill Seeks to Exclude Evictions From FCRA appeared first on AccountsRecovery.net.

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5 Things to Know About the Tomo Card

Nerd Wallet

The Tomo Card, created by San Francisco-based startup TomoCredit, is a credit card for those with no credit or poor credit (FICO scores of 629 or below) who want to establish a credit history without carrying a monthly balance. Unlike a lot of cards that target a similar audience, there’s no annual fee, security deposit. Melissa Lambarena writes for NerdWallet.

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10 Ways to Improve Payment Collections with Salesforce

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.

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How Can I Stop Student Loans from Taking My Taxes?

Credit Corp

Going through student loan repayments can be a hassle. However, due to the COVID-19 pandemic, student loan payments and collection attempts have been paused until September 30, 2021. This means you have more time to find ways to repay your student loans before you have a defaulted loan. And it’s very important to do it quickly. Otherwise, your tax refund could be taken from you.

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Bankruptcy and Your 2021 Stimulus Check

Sawin & Shea

When the first stimulus checks were distributed in the U.S. in 2020 due to the COVID-19 crisis, it came as a huge relief for millions of people. But for those contemplating bankruptcy, it brought a new worry. “Will bankruptcy take away my stimulus check?”. This has become a common question for bankruptcy attorneys across the nation. So let’s clear up your concerns about bankruptcy and your stimulus money.

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Bedard Breaks Down How Reg F Addresses Unfair and Unconscionable Collections

Account Recovery

Section 1006.22 of Regulation F — the Consumer Financial Protection Bureau’s debt collection rule — is the section that suffers from a bit of a technology identity crisis, but still includes some new wrinkles in laying out the kinds of behavior that are prohibited when attempting to collect on unpaid debts. In the newest episode … The post Bedard Breaks Down How Reg F Addresses Unfair and Unconscionable Collections appeared first on AccountsRecovery.net.

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5 Things Agents Wish People Knew About Insurance

Nerd Wallet

Insurance is notoriously complicated, and few people have the time or desire to pore over their policies. But some basic knowledge can go a long way — and that’s where an insurance agent can help, by clearing up some of the most common misconceptions they encounter. Here are five things agents say are helpful for. Sarah Schlichter writes for NerdWallet.

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Connect, Care, Convert: Secrets to Establishing Trust with Niche Markets and Turning Them Into Clients

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?

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Five Key Commercial Lease Provisions for Commercial Tenants

Jimerson Firm

A business owner may enter into a commercial lease for purposes of renting space to operate its business activities. Unlike residential leases, a commercial lease should not be a one-size-fits-all lease. Under Florida law, non-residential tenancies (commercial tenancies) are governed by Sections 83.001-82.251 of the Florida Statutes. Business owners, or tenants, may be able to negotiate many of the provisions of their commercial lease with the landlord, and make it more customizable to fit their

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14 Frugal Living Tips You Can Implement Today

Credit Corp

This post originally appeared on The Financially Independent Millennial. Table of contents. Learn to Say “NO” to Unnecessary Expenses #14: Take Advantage of Available Loyalty Programs #13: Consider Renting over Buying #12: Start a Wish List #11: Track Your Expenses #10: Save Your Money in Different Accounts #9: Organize Your Bills #8: Stop Monthly Subscriptions #7: Avoid Carrying Too Much Cash and Credit #6: Create a Strict Grocery Budget #5: Avoid Going out to Expensive Restaurants

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Daily Digest – March 9. Bedard Breaks Down New Section of Reg F; Appeals Court Affirms Dismissal of FDCPA Suits

Account Recovery

BEDARD BREAKS DOWN HOW REG F ADDRESSES UNFAIR AND UNCONSCIONABLE COLLECTIONS Section 1006.22 of Regulation F — the Consumer Financial Protection Bureau’s debt collection rule — is the section that suffers from a bit of a technology identity crisis, but still includes some new wrinkles in laying out the kinds of behavior that are prohibited … The post Daily Digest – March 9.

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Smart Money Podcast: Pandemic Debt and Moving Costs

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 economy’s K-shaped recovery and how that may affect how you deal with pandemic-related debt. Then we pivot to this week’s question from Emerson, who writes, “I’m planning a big move across the country. Liz Weston writes for NerdWallet.

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ERM Program Fundamentals for Success in the Banking Industry

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?

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Consumer Financial Protection Bureau Rescinds Abusiveness Policy Statement to Better Protect Consumers

Consumer Finance

On March 11, 2021, the Consumer Financial Protection Bureau announced it is rescinding its January 24, 2020 policy statement, “Statement of Policy Regarding Prohibition on Abusive Acts or Practices.”.

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How to Find the Right Online Personal Loan for You

Credit Corp

Everything is online these days—including personal loans. Online lenders make it easy to compare rates and terms and find the right online personal loan for your situation. Personal loans were the fastest-growing category of consumer debt in 2019 , according to a survey from J.D. Power—and the internet has made the loan application and lending process easier than ever.

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Mark Your 2021 Calendar Today!

Account Recovery

Tired of hype? Hysteria? Politics? Low on Vitamin D? With all that you have been through in 2020, the Covid Pandemic, the election and all the fun that came afterwards, you and your family deserve a break. Come to the Funshine state. We will put you in a relaxed state of mind and educate you … The post Mark Your 2021 Calendar Today! appeared first on AccountsRecovery.net.

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This Time, the Stimulus Package Helps More College Students

Nerd Wallet

In the third round of COVID-19 relief, college students and their families could see more money in their pockets than before. The $1.9 trillion American Rescue Plan Act, signed by President Joe Biden on Thursday, provides students with immediate and long-lasting financial benefits, including: Relief checks, even for dependent students. Emergency financial aid grants from.

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You Put in a Full Work Week. Shouldn’t Your Collections Software Do the Same?

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.