Enterprise Recovery
JULY 13, 2020
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.
American Profit Recovery
JULY 14, 2020
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.
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Nexa Collect
JULY 13, 2020
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.
Debt
JULY 16, 2020
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 […].
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.
Enterprise Recovery
JULY 17, 2020
Owning a small or medium business can be especially frustrating when your clients are paying late or not at all. It's good to note that how you respond to these situations will affect the success of the debt collections and if you can retain the client as a customer. In this post, we will offer tips to ensuring your invoices are paid on time and we will share how and when you should send a business to collections.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Price Meese
JULY 16, 2020
Millennial Estate Planning During the Pandemic. The coronavirus is surging among millennials. As states reopen across the country, the New York Times reported that people in their 20s, 30s, and 40s account for an alarmingly growing proportion of the spread. States that reopened earlier in the year are experiencing drastic increases in their infection and hospitalization rates.
Sawin & Shea
JULY 15, 2020
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?
Credit Corp
JULY 13, 2020
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.
Jimerson Firm
JULY 15, 2020
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.
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Prosperity Now
JULY 13, 2020
The Challenge Challenge 1: Racial Wealth Gap Black and Latinx households now own just 10 cents and 12 cents of
UK debt collections
JULY 16, 2020
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.
Debt Recoveries
JULY 16, 2020
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!
The Kaplan Group
JULY 15, 2020
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.
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Prosperity Now
JULY 12, 2020
As our nation grapples with the COVID-19 pandemic and the senseless murders of Ahmaud Arbery, Breonna Taylor, George Floyd and
Consumer Finance
JULY 14, 2020
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.
Re:Ceeve
JULY 16, 2020
In our previous blog post , we discussed the economic potential of millennials, their debts, attitudes and habits. We also dove into how their insatiable desire to live in the digital world is an important factor for designing business models that aim to cater to this upcoming generation. In this post, we explore the details of the strategies which banks and debt collectors ought to adopt, and what they risk by delaying and denying these changes in their business models.
True Accord
JULY 13, 2020
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.
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?
Fraser
JULY 16, 2020
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.
Consumer Finance
JULY 12, 2020
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.
Better Credit Blog
JULY 14, 2020
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.
True Accord
JULY 16, 2020
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.
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?
On Guard
JULY 17, 2020
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.
Troutman Sanders
JULY 17, 2020
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.
Better Credit Blog
JULY 14, 2020
If you have noticed a company called Hunter Warfield to appear on your credit report, you are probably being pursued for an old debt. You may be tempted to make payments to get Hunter Warfield off your back, but this could end up hurting you more than it will help you. Collection accounts on your credit report can damage your credit score for up to seven years, even if you pay them off.
Arbeit Software
JULY 17, 2020
Frequent on the job training is especially important for sales teams. Roleplay exercises are great for incorporating into initial training, but they don't cover every scenario. Jason Pearl and Mike Belin of Nacre Consulting discuss the importance of using call recordings in sales and the different training techniques that go along with that.
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