American Profit Recovery

OCTOBER 25, 2020

The amount of concerns and issues a business owner, entrepreneur or anyone in senior leadership has on their minds on any given day can be countless to say the least. From bringing in enough business, being able to handle that business, everything to do with hiring and firing, cash flow, legal matters, and so much more. And if you are in one of these positions, then you know this all too well.

Collection Agencies 161

Collection Agencies Collections Agency Collections Debt collector 161

JMA

OCTOBER 30, 2020

Incurring Debts from Delinquent Clients Debt is a very normal part of running a business – whether you are offering products or services, you may have clients in debt to you, or you may indeed be in debt to others, such as suppliers. Bad Business debts don’t happen by accident, and while it may be. Read more » The post Recovering Your Debt in Time: What is the Statute of Limitations in Australia?

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Account Recovery

OCTOBER 30, 2020

The Consumer Financial Protection Bureau today released its debt collection rule, continuing its process of modernizing the regulation of the accounts receivable management industry. The rule — all 653 pages of it — can be accessed by clicking here. The changes announced today will go into effect one year after they are published in the … The post CFPB Releases Debt Collection Rule appeared first on AccountsRecovery.net.

Accounts Receivables Management 246

Accounts Receivables Management Collections 246

Enterprise Recovery

OCTOBER 30, 2020

The pandemic has unfortunately hit many businesses right where it hurts. Economists have discovered a current proliferation of businesses who may actually already be "dead inside". Zombie companies earn just enough money to scrape by, acquiring more debt along the way and relying on bailouts to keep going. The problem is that they're unable to afford the cost of the debt and are a high risk to investors.

Collections 130

Collections 130

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.

American Profit Recovery

OCTOBER 28, 2020

There are many reasons collection agencies exist. And while many consumers do not like being on the receiving end of a communication from a collection agency, companies like ours provide a necessary service to organizations that have challenges in getting their customers and clients to pay or pay on time. It does not matter what size your company is.

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Collection Agencies Collections Agency Retrieval Collections 215

Account Recovery

OCTOBER 30, 2020

You have to hand it to consumer advocacy groups. They know how to name a report that will grab everyone’s attention. The National Consumer Law Center yesterday released a report, “No Fresh Start 2020: Will States Let Debt Collectors Push Families Into Poverty In The Wake Of a Pandemic?” which grades each state on their … The post NCLC Report Calls Out States For Poor Exemption Protections appeared first on AccountsRecovery.net.

Debt collector 246

Debt collector 246

Nexa Collect

OCTOBER 27, 2020

ADP Workforce and Square Payroll are both HR management tools that wrap several functions into a single software package. Both are highly-rated with large, established userbases, and they do more or less the same thing. However, while they share much of the same functionality, that doesn’t mean that each is right for every business. Depending on how features are implemented, the size of an organization and its software budget, one package may be a better fit than the other.

Healthcare 100

Healthcare 100

Credit Corp

OCTOBER 25, 2020

Old checking accounts can become troublesome if you’re not paying attention to them. Whether they’re overdrawn before you move on to another account or become overdrawn because you’re not monitoring them regularly, they can leave you on the hook for debt. If you’re not careful, old bank accounts can even affect your credit and the amount your debt will cost you over a lifetime.

Banks 104

Banks Unsecured Debt Collection Agencies Collections Agency 104

Nerd Wallet

OCTOBER 29, 2020

An investment property is real estate bought for the purpose of generating income. Investment properties can come with challenges, such as maintenance costs and more stringent financing requirements — including higher interest rates and a larger down payment — compared with mortgages on primary homes. What is an investment property? An investment property generates income.

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Collections

Account Recovery

OCTOBER 30, 2020

SECOND COURT RULES TCPA UNCONSTITUTIONAL FOR CALLS MADE BEFORE JULY SCOTUS RULING Another District Court judge has granted a defendant’s motion to dismiss in a Telephone Consumer Protection Act case on the basis that calls made to an individual’s cell phone using an automated telephone dialing system before July 6 — when the Supreme Court … The post Daily Digest – October 30.

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Consumer Finance

OCTOBER 29, 2020

On October 30, 2020, the Consumer Financial Protection Bureau issued a final rule to restate and clarify prohibitions on harassment and abuse, false or misleading representations, and unfair practices by debt collectors when collecting consumer debt.

Fair Debt Collection 103

Fair Debt Collection Debt collector Collections 103

Debt Guru

OCTOBER 29, 2020

Are you heavy in debt and need to get out from under the burden? Is debt limiting your options in life and you need a way out? Debt has a way of creeping up on all of us, especially when we least expect it. If this has happened to you, and you know it’s time to make a change, these are some simple strategies that can help you make big dents in your debt.

Personal loans 98

Personal loans Loans Debt Management Lender 98

Nerd Wallet

OCTOBER 30, 2020

If you’re wondering whether it’s a good time to buy a house, ask this instead: Is it a good time in my life to buy a house? Current economic indicators and the state of your local housing market give important context for your decision. But whether this is a good time for you to buy. Barbara Marquand is a writer at NerdWallet. Email: bmarquand@nerdwallet.com.

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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.

Collections

Account Recovery

OCTOBER 30, 2020

Another District Court judge has granted a defendant’s motion to dismiss in a Telephone Consumer Protection Act case on the basis that calls made to an individual’s cell phone using an automated telephone dialing system before July 6 — when the Supreme Court ruled in Barr v. American Association of Political Consultants — relinquished the court’s subject … The post Second Court Rules TCPA Unconstitutional for Calls Made Before July SCOTUS Ruling appeared first on AccountsRecove

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Jimerson Firm

OCTOBER 28, 2020

Lenders should be cognizant about what expenses are classified by the SBA as recoverable or non-recoverable. The SBA does not pay for non-recoverable expenses, such as any fee or cost incurred that was not necessary, reasonable or customary. In addition, the SBA does not pay for legal expenses for non-routine litigation without the SBA’s prior approval of a Litigation Plan or Amended Litigation Plan.

Lender 98

Lender Loans Law Firms Collateral 98

TCPA

OCTOBER 27, 2020

Last Friday, various elected officials and consumer-protection groups filed amicus briefs urging the Supreme Court to adopt the expansive interpretation of the ATDS definition for which Plaintiff Noah Duguid had advocated in a brief he filed the week before.

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Nerd Wallet

OCTOBER 27, 2020

Some credit mistakes are a lot worse than others. Little ones, like paying a credit card bill a day late, may cost you a penalty fee, but that’s a relatively minor irritation — it’s not going to stand between you and a mortgage. Other seemingly small slip-ups can lead to full-fledged disasters. What makes a. Bev O'Shea is a writer at NerdWallet. Email: boshea@nerdwallet.com.

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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?

Financial services

Account Recovery

OCTOBER 28, 2020

JUDGE DENIES MOTION FOR ATTORNEYS’ FEES IN FDCPA CASE In a ruling that was spotlighted by Barron & Newburger, a District Court judge in Pennsylvania has granted a plaintiff’s motion to dismiss his own lawsuit and denied a defendant’s motion for attorneys’ fees and costs in a Fair Debt Collection Practices Act case. COLORADO EXTENDS … The post Daily Digest – October 28.

Fair Debt Collection 246

Fair Debt Collection Collections 246

Consumer Finance

OCTOBER 26, 2020

Today, the Consumer Financial Protection Bureau settled with Washington Federal Bank, N.A., a federally insured national bank, to address the Bureau’s finding that it reported inaccurate Home Mortgage Disclosure Act data about its mortgage transactions for 2016 and 2017.

Banks 94

Banks Loans 94

PDC Flow

OCTOBER 27, 2020

Running your accounts receivable business takes planning, organization, and the right tools. Along with the AR software needed to manage accounts, you need the right payment gateway, suited to meet the unique needs of the industry. What is a payment gateway and how do you choose the right one for accounts receivable ? What is a Payment Gateway? What is a payment gateway and how does it work ?

Manufacturing 87

Manufacturing Healthcare Collections Banks 87

Nerd Wallet

OCTOBER 29, 2020

You have a flawless driving record, never had a gap in coverage and you’re the only one on your policy. Yet your car insurance rates still are higher than all your utility bills combined. One possible culprit? Having poor credit, or, more specifically, a low credit-based insurance score. What is a credit-based insurance score? Your. Kayda Norman is a writer at NerdWallet.

Auto Insurance 115

Auto Insurance 115

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?

Banks

Account Recovery

OCTOBER 27, 2020

Thanks to the team at Ballard Spahr for noticing that the Consumer Financial Protection Bureau filed an amicus brief in support of a debt collector’s position that it did not violate the Fair Debt Collection Practices Act when it included line items indicating that an individual owed $0.00 in interest and collection fees in a … The post CFPB Stands Behind Collector for Itemizing Debt in Letter appeared first on AccountsRecovery.net.

Fair Debt Collection 246

Fair Debt Collection Debt collector Collections 246

Better Credit Blog

OCTOBER 30, 2020

Is Ad Astra Recovery Services stressing you out with calls about outstanding debts? Being contacted by a collections agency can be frustrating, but the damage to your credit score can be far worse than their persistent phone calls and letters. Did you know that a collections entry can hurt your credit for seven years if you don’t get it deleted from your report?

Debt collector 86

Debt collector Third-party Debt Collectors Collection Agencies Collections Agency 86

UK debt collections

OCTOBER 27, 2020

Tennis legend Boris Becker has appeared in court at Southwark Crown Court in London , accused of failing to hand over his trophies to help clear unpaid debts. Becker had been declared as bankrupt in 2017 due to a large debt owing to a bank. He is accused of failing to comply with obligations of disclosing information to officials. A 28 count indictment mentions all of Wimbledon trophies and his Australian open trophies from 1991 and 96.

Debt collector 78

Debt collector Banks Collections 78

Nerd Wallet

OCTOBER 28, 2020

Getting approved for a mortgage is never easy. Even with great credit and a big down payment, the process can be cumbersome. In 2020, the process has become even more difficult. Lenders have tightened standards in response to the economic uncertainty during the coronavirus pandemic. Borrowers, hoping to buy a home while interest rates are. Elizabeth Renter is a writer at NerdWallet.

Lender 114

Lender 114

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