Sat.Jul 11, 2020 - Fri.Jul 17, 2020

article thumbnail

A personal approach during these times

American Profit Recovery

By Derek: Approximately four months ago, our company made the decision to close the office due to Covid-19, and provide all the employees with computers so they could continue to work from home. It was a drastic change at the time. Everyone was uncertain of what the future held for us, as well as what issues may arise from the switch to working from home.

article thumbnail

Time Management Techniques for Entrepreneurs and Remote Workers

Enterprise Recovery

We're all months into this pandemic and doing our best to work outside the office. Whether you're working on your own business at home or working for someone else, time management can be a challenge amidst distractions like children and chores. The "new normal" is to accomplish everything that you did before even. while. you. keep. getting. interrupted.

171
171
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

10 Tips to Start A Dental Practice

Nexa Collect

As a dentist, you have chosen a fulfilling line of work that is constantly evolving. Dentistry has made rapid strides with innovation and advancements in technology over the years, so the learning curve of this professional always remains steep, fully engrossing you in the process. While being a dentist is an honorable profession, it is also highly competitive.

Loans 130
article thumbnail

Operationalizing Racial Economic and Wealth Equity through Programs, Policy and Advocacy

Prosperity Now

The Challenge Challenge 1: Racial Wealth Gap Black and Latinx households now own just 10 cents and 12 cents of

105
105
article thumbnail

Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

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.

article thumbnail

Some of the nicest people I’ve ever met

American Profit Recovery

By Austin: I was hired at American Profit Recovery in October of 2019. Before this job I have never worked in an office setting. I was either doing manual labor or just on my feet all day. When I first interviewed with Greg I honestly didn’t believe he could be a debt collector because he was too nice. Growing up, I experienced collectors calling my relatives regarding their past due debts, and (based on the stress they displayed) I developed this thought in my head that debt collectors are in

More Trending

article thumbnail

COVID-19 Bankruptcies

Debt

The storm is coming. American consumers will be filing personal bankruptcies in record numbers by the end of 2020. That is the projection from bankruptcy attorneys, bankers and other experts who project that the COVID-19 era will lead to a historic financial tsunami. “Tsunami, hurricane, flood, bloodbath … there are a variety of words you […].

article thumbnail

A Tax Day Reminder: Our Tax Code Adds Fuel to Economic and Racial Inequality

Prosperity Now

As our nation grapples with the COVID-19 pandemic and the senseless murders of Ahmaud Arbery, Breonna Taylor, George Floyd and

97
article thumbnail

What Are My Repayment Obligations Under Chapter 13 Bankruptcy?

Sawin & Shea

When you’re considering Chapter 13 bankruptcy, you’re also wondering how much of your debt you’d be obligated to pay back. Plus, you need to know how much time and paperwork it will take. Let’s take a look at a debtor’s obligations under Chapter 13 bankruptcy. This could be an excellent choice for you, depending on your situation. What Is A Chapter 13 Bankruptcy Plan?

article thumbnail

How the collections industry can serve consumers in times of economic uncertainty

True Accord

Debt collection is a highly regulated industry and as such, is notoriously slow to change. While there are a number of reasons for this , the end result is a growing gap between consumer’s expectations and the services creditors offer. . TrueAccord’s recent report, Consumer Debt in the Age of COVID-19 , found that during times of economic uncertainty, this gap can grow even wider.

article thumbnail

The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

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.

article thumbnail

How to Explain a Cash Deposit for a Mortgage

Credit Corp

After months of searching, planning and saving, you’re finally ready to apply for a mortgage. You think you have all your ducks in a row—you have great credit and a killer history of making your loan payments on time. But there’s one small hiccup. A lender noticed that you’ve had a recent, slightly unusual cash deposit in your bank account. Even though the cash deposit is perfectly explainable, it still stalls the mortgage process.

Lender 90
article thumbnail

Does a Commercial Landlord Have a Duty to Mitigate Damages After a Tenant Breaches the Lease Agreement?

Jimerson Firm

Generally, a commercial landlord does not have a duty to mitigate or reduce its damages after a tenant breaches the commercial lease agreement. See Coast Fed. Savs. & Loan Ass’n v. DeLoach , 362 So. 2d 982, 984 (Fla. 2d DCA 1978). However, there is an exception where the commercial landlord retakes possession of the premises for the benefit of the tenant.

article thumbnail

The Pending Debt Collection Rule and the Supreme Court Seila Decision

PDC Flow

What will the Seila decision mean for the ARM industry and the pending debt collection rule? The only concrete takeaway from last month’s Supreme Court decision in the case of the Consumer Financial Protection Bureau (CFPB or Bureau) v. Seila was that the CFPB remains a federal independent agency whose director will now answer to the President. What is still unknown is the status of past CFPB actions like supervision, enforcement and rulemaking, especially the debt collection rule, which was sti

article thumbnail

4 Key Trends From H1 2020, Based on our COVID-19 Report

True Accord

Six months in, it’s safe to say 2020 is not the year that anyone expected. The worldwide spread of COVID-19 has ushered in a wave of unprecedented health and economic uncertainty that has rippled through every aspect of life. In our report, Consumer Debt in the Age of COVID-19 , we studied the impact this crisis has had on consumers so far and what it means for the months ahead, based on digital debt interaction data from more than 12 million consumers.

Banks 81
article thumbnail

Agent Tooling: Connecting AI to Your Tools, Systems & Data

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.

article thumbnail

Why You Need ExtraCredit in Your Life

Credit Corp

What do you need your credit score for? In a nutshell, a lot. Credit cards, loans, mortgages, APR, even renting an apartment—whether or not you qualify is based largely on your credit score. If your credit is less-than-ideal, you know it can make your life just that much harder. Having a bad credit score can hold you back. It can keep you from feeling in control of your life.

Banks 88
article thumbnail

Large Companies still delaying payments to Suppliers

UK debt collections

New research shows that there has been no real improvement in the speed at which Large companies are paying their suppliers. The research conducted by Accountancy firm Moore has shown that 41 days is the average waiting time for payment. This is the same as it was in 2015. The past five shows that despite initiatives to curb the problem, no real progress has been made with large companies just ignoring all legislative initiatives.

article thumbnail

Consumer Financial Protection Bureau Files Suit Against Mortgage Creditor for Discriminatory Mortgage-Lending Practices

Consumer Finance

The Consumer Financial Protection Bureau filed a lawsuit against Townstone Financial, Inc., a nonbank retail-mortgage creditor based in Chicago, for violations of the Equal Credit Opportunity Act; its implementing regulation, Regulation B; and the Consumer Financial Protection Act.

article thumbnail

How to Collect Debts and Increase Cash Flow, during a Crisis

Debt Recoveries

Recessions, virus epidemics or even just company-specific problems, can all dent the cash-flow and threaten the very existence of your business. The best way to increase cash-flow is to collect your outstanding debts (account receivables). So here’s some tips,from a debt collector, on increasing cash-flow by doing your own debt collection. Follow this guide and watch your bank balance increase!

article thumbnail

Future-Proof Your Firm: Smarter Tech for Stronger Returns & Simpler Workflows

Speaker: Joe Wroblewski, Senior Sales Engineer

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!

article thumbnail

5 Ways to Reduce Your Debt and Avoid Collections

The Kaplan Group

If collection agents like me are calling you, you need to reduce your debt. The Covid-19 pandemic has been hard on a lot of businesses and business owners. People who have never been late with a payment in their life are suddenly facing a pile of bills. To avoid your account being sent to collections, you need to find ways to reduce your debt. 1. Prioritize your bills.

article thumbnail

How Many Inquiries Is Too Many?

Better Credit Blog

When you apply for a loan or bank card, the lender will request a copy of your credit report to evaluate your risk. By applying for the loan in the first place, you are authorizing the lender to receive a copy of your credit report from one of the three major credit bureaus. Each time this happens, it is known as a credit inquiry and can affect your credit score.

Lender 61
article thumbnail

CFPB Study Shows Financial Product Could Help Consumers Build Credit

Consumer Finance

The Consumer Financial Protection Bureau released a report indicating that a credit builder loan could increase the likelihood of establishing a credit record for consumers without one, and could help improve the credit scores of those with no current outstanding debt.

Loans 69
article thumbnail

[Video] Issues for Nonprofit Corporations During the Pandemic and How to Properly Conduct Remote Meetings

Fraser

Issues for Nonprofit Corporations During the Pandemic and How to Properly Conduct Remote Meetings. Listen to Fraser Trebilcock attorney Ed Castellani discusses nonprofit matters relating to restarting operations after the COVID-19 lockdown. Click HERE to learn more about our practice involving corporations and limited liability companies. Click HERE to learn more about our nonprofit organizations practice.

article thumbnail

Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

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.

article thumbnail

Cash before breakfast | Why Cash Allocation is the top priority in your order-to-cash process.

On Guard

Cash before breakfast! Why Cash Allocation is the top priority in your order-to-cash process. A best-in-class order-to-cash (O2C) software solution needs to be best-in-class at all stages of the O2C process if you are to ever zero down on your delinquent DSO days, maximise your AR cashflow position and collections efficiency index. But doing everything all at once is not typically the best way to go.

article thumbnail

How to Remove First Financial Asset Management from Your Credit Report

Better Credit Blog

It’s a situation that no one wants to be in. You’re getting phone calls and letters from a company demanding that you make payments on an old debt. You may not even remember having the debt in the first place. But one thing is clear; this company is not going anywhere. First Financial Asset Management is one such company that may come after you for an old debt.

article thumbnail

CFPB Takes Action to Help Employers Develop Emergency Savings Programs to Boost Worker Financial Resilience

Consumer Finance

The Consumer Financial Protection Bureau announced that it issued a Compliance Assistance Statement of Terms Template (CAST Template) under its Compliance Assistance Sandbox (CAS) Policy to Build Commonwealth, Inc (Commonwealth).

52
article thumbnail

The Legal View of Response Plans, Tabletop Exercises and Preparing for the Unexpected

Troutman Sanders

Troutman Pepper attorney Ron Raether will present during the virtual panel, “ The Legal View of Response Plans, Tabletop Exercises and Preparing for the Unexpected ,” at the ISMG Virtual Cybersecurity Summit. Ron will discuss the legal trends and potential traps as it relates to breach response and tabletop exercises in light of COVID-19 and CCPA. To register, please click here.

52
article thumbnail

Operational Strength Starts with People: The New Rules of Finance Leadership

Speaker: Melissa Hurrington

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