Sat.May 29, 2021 - Fri.Jun 04, 2021

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3 Strategies for Paying Lower Interest Rates on a Loan

Credit Corp

The following is a guest post from Dr. David L Tuyo II, president and CEO of University Credit Union. The views and opinions expressed in this article are those of the author only and are not endorsed by Credit.com. Securing a loan can be a big financial decision with a lot of implications on your personal finances and your life. There are many types of loans for a variety of purposes, but it’s always critical to consider certain key criteria in detail before making any final decisions.

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How to Collect Debts Fast and Improve your Accounts Receivable

Debt Recoveries

Unless you are actually a debt collection expert like Debt Recoveries Australia , there is a good chance that you have quite a few higher priorities than managing your company’s accounts receivable. You might even delegate that task out to an assistant or employee without much thought to collect debts fast. However, when it comes to end of month and you have to show the dollars, all of a sudden the accounts receivable department becomes a top priority. .

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Did You Know Options Can Increase Payments?

Credit Management Company

Before smartphones, life had forced boundaries. An email was just accessed from a computer, only friends and family knew your cell phone number, and landline phones were the way you reached others. And, when a business needed to contact you, they sent a letter or called your home phone number. That all changed in 2007 when the iPhone hit the market.

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Getting to Know Melody Armstrong of NRA Group

Account Recovery

The “Getting to Know” series is sponsored by Applied Innovation. Applied Innovation is helping to shape the future of accounts receivable management. Product development is driven by customer feedback, agency profitability and compliance and includes platforms addressing client portal access, document management, payment negotiation, Regulation E focused electronic payment authorizations and TCPA communication authorization platforms. … The post Getting to Know Melody Armstrong

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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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5 ways to improve cash flow in your veterinary practice

American Profit Recovery

Running a veterinarian practice can be so rewarding, especially if you love animals. In fact, we don’t know anybody in the field of veterinary medicine that doesn’t absolutely love helping family pets. After all, that’s why they got into this field. However, running a practice is like operating any other type of business, because it is a business, and it needs to make money and have positive cash flow.

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Cobb County School District Tries Bogus Trademark Claims to Suppress Anti-Racist Organizing

Public Citizen

by Paul Alan Levy. Civil rights activists in Cobb County, Georgia, have been urging members of the community to come in force to the impending school board meeting on June Tenth to celebrate Juneteenth by signing up to speak in support of  minority members of the school board, who have been under fire recently. Somebody created a flyer for that purpose; the flyer reproduces the local school district’s logo to help the public focus easily on which school district is at issue.

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WDWI Judge Dismisses FDCPA Case for Lack of Standing

Account Recovery

A District Court judge in Wisconsin has dismissed a Fair Debt Collection Practices Act case for lack of standing, following a ruling in a similar case that was issued recently by the Seventh Circuit Court of Appeals. A copy of the ruling in the case of Fansler v. Messerli & Kramer, LVNV Funding can be … The post WDWI Judge Dismisses FDCPA Case for Lack of Standing appeared first on AccountsRecovery.net.

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Cash flow and customers-How fuel dealers build better cash flow

American Profit Recovery

If you are in the oil delivery business or are a propane retailer, then you know the challenges of cash flow. In many areas of the country, your business can be seasonal and your ability to manage cash flow is very important to be able to get through the year. We have been working with fuel dealers for many years here and understand some of the financial challenges that many in this industry face.

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Why You Should Consider a ‘Second City’ Trip in 2021

Nerd Wallet

Even if you’re fully vaccinated, you might not want your next trip — and perhaps your first trip in over a year — to be in a packed, urban metropolis. Enter the “second city” trip. Second city is a somewhat ambiguous term, but it’s generally used to refer to the second-most populous city in a. Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com.

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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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Avoiding Conflicts of Interest by Association Boards

Jimerson Firm

Under Florida law, condominium association (“CA”) board of directors members and homeowners’ association (“HOA”) board of directors members owe fiduciary duties to their associations and the unit or home owners they serve. This generally means that directors must place the interests of the association above their own self-interest and take actions they reasonably believe will benefit the association and owners.

Education 102
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Baker’s Dozen of New Amicus Briefs Filed in Support of Hunstein Petition for Re-Hearing

Account Recovery

If there was any doubt over the importance of the Hunstein case to the accounts receivable management industry, and to the camaraderie and support that companies in this industry have for one another, and that every lawyer in the country was working over the Memorial Day holiday weekend, look no further than the amicus briefs … The post Baker’s Dozen of New Amicus Briefs Filed in Support of Hunstein Petition for Re-Hearing appeared first on AccountsRecovery.net.

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Applying advanced analytics to improve cash collection

Qualco

What happened when a leading loan servicing organisation looking to optimise its treatment process and increase cash collections decided to leverage enhanced analytics? Our new case study showcases the impact of harnessing predictive analytics into one of our client’s overall collection process and gives a full view of the approach used to achieve significant positive results.

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Ask a Travel Nerd: What Changed While I Was Ignoring Travel?

Nerd Wallet

Listen, I don’t blame you for ignoring travel industry news during the pandemic. Who cares if Hilton went bankrupt (it didn’t) or Alaska Airlines joined some alliance (it did) when you aren’t traveling? If it wasn’t my job, I would’ve tuned out that stuff, too. However, many under-the-radar changes did significantly alter the travel landscape. Sam Kemmis 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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Five Key Construction Contract Terms That Every Subcontractor Needs to Negotiate

Jimerson Firm

One of the most important aspects of construction project success for subcontractors can be the subcontract agreement. A one-sided subcontract in favor of the contractor can make problems experienced by the subcontractor on the project even worse, and leave the subcontractor with very few options. While subcontractors may not always have the ability to renegotiate the entirety of a contractor’s standard form subcontract, this blog highlights five of the key provisions that every subcontractor

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Judge Grants MSJ in TCPA Case Over Collection Calls

Account Recovery

A District Court judge in North Carolina has granted a defendant’s motion for summary judgment in a Telephone Consumer Protection Act case after it was sued for allegedly placing “several” hundred calls to the plaintiff’s cell phone in an effort to attempt to collect a debt, ruling that the technology used by the defendant did … The post Judge Grants MSJ in TCPA Case Over Collection Calls appeared first on AccountsRecovery.net.

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Can a Debt Collector Get Into My Bank Account?

Credit Corp

Can debt collectors take money from your bank account to offset debts you owe them? Unfortunately, the answer is yes. But it takes a lot to get to that scenario, so if you’re not there yet you still have time to learn how to protect yourself from this type of collections activity. To start, here are our top tips for keeping debt collectors from your bank account: Open accounts that can’t be garnished Don’t let debts get to the garnishment stage Show up in court and respond to lawsu

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The 16 Best Pop-Up Shop Ideas for 2021

Nerd Wallet

Whether you started a business online or in a brick-and-mortar location, pop-up shops are a great way to increase your brand awareness, gain customers, and drive sales. Although there’s been a move away from brick-and-mortar stores as ecommerce has grown, many brands are finding that customers still like to experience their products or services and.

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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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Unlawful Commercial Evictions: A Cautionary Tale for Commercial Landlords Wanting to Use Self-Help to Retake Possession of Leased Property

Jimerson Firm

Using “self-help” as a means to evict commercial tenants is no longer acceptable and likely to result in a lawsuit against the commercial landlord. When a tenant fails to pay rent as it becomes due, breach appears to be undisputed. After all, paying rent is typically why the tenant is allowed to occupy the leasehold in the first place. Jumping to conclusions, it may seem reasonable for a commercial landlord to take actions to remove the tenant without a court order of possession because the c

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Two Senior CFPB Officials Announce Departures

Account Recovery

A pair of senior leaders from the Consumer Financial Protection Bureau are departing in the coming weeks, according to published media reports. Bryan Schneider, the Associate Director of the Bureau’s Supervision, Enforcement, and Fair Lending Division is leaving the regulator and Peggy Twohig, the Assistant Director for Supervision Policy, has announced her retirement.

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What to Know About Medical Bills Sent to Collections

Credit Corp

If you think you’re immune to damage from a collection account on your credit report because you pay your bills on time, think again. Medical bills that you don’t know about could be hurting your credit—and the odds are not in your favor. In fact, the Consumer Financial Protection Bureau reports that around 31.6% of adults in the United States have collections accounts on their credit reports.

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Don’t Let an ‘Attractive Nuisance’ Ruin Your Summer

Nerd Wallet

Maybe you snuck into your neighbor’s swimming pool when you were a kid. Perhaps you jumped on their trampoline when they weren’t around or used their pile of random junk as a fort. To a child, these youthful indiscretions seem pretty harmless. But for a homeowner, such acts of rebellion can pose a serious liability. Doug Sibor 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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8 Payment Processor Questions Your Business Needs to Ask

PDC Flow

Shopping for payment technology for your business can be overwhelming. You need to be able to make the best choices for your company but what do you need to know first? If you’re looking for a payment processor, here are some of the most important current trends, compliance concerns and tools that can help you with your choice. 1) What is the strongest current trend in payment processing?

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Logos Capital Systems Announces Monthly Charity Initiative

Account Recovery

Logos Capital Systems announces a new monthly charity initiative that gives top performing employees an opportunity to donate to the charitable organization of their choice. Our team of receivables management professionals is incredibly engaged in our corporate social responsibility efforts and dedicated to making an impact in our communities. We empower our team to allocate … The post Logos Capital Systems Announces Monthly Charity Initiative appeared first on AccountsRecovery.net.

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Protect Your Valuable Assets with a Family Trust

Credit Corp

This article originally appeared on Parent Portfolio and has been republished with permission. Do you have assets that you want to pass down to your children or grandchildren? Although you mention them in your Will, it still has to be verified in court. Having a family trust avoids this judicial process and is one less worry for your children. Without a family trust, your children will have to pay attorney fees and other administrative expenses from their inheritance.

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Can You Get a Business Credit Card Without Providing a Social Security Number?

Nerd Wallet

Getting a business credit card is a crucial step in the process of separating personal and business finances. But if you’re a non-citizen who doesn’t have a Social Security number or you’re hoping to keep your personal credit out of your business finances, you may be looking to get a business credit card without providing a. Brian O'Connor writes for NerdWallet.

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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.