Sat.Nov 28, 2020 - Fri.Dec 04, 2020

article thumbnail

Recovering Your Unpaid Debts – Debt Collection Agencies vs Lawyers

JMA

Debts are an unfortunate and sometimes ugly reality of running a business. As a business owner, you may find yourself in the position where you are not receiving payments for goods or services, and this may be due to your debtor being unable to afford to make their payment, or quite possibly be a professional. Read more » The post Recovering Your Unpaid Debts – Debt Collection Agencies vs Lawyers appeared first on JMA Credit Control.

article thumbnail

Your business hired a collection agency. Now what?

American Profit Recovery

If your organization has had challenges in getting customers to pay or pay on time, you have most likely taken the steps to work with a collection agency. The right agency will help you get back on track as well as help your customers find a solution to their ongoing debt. You have probably interviewed a few collection agencies and you have finally chosen a company that you can work with and that fits your needs.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How Business Process Outsourcing helped save my business during COVID-19

Debt Recoveries

Adam Stewart here. I run Debt Recoveries Australia and ADC Legal. One of Australia’s leading debt collection agencies and one of the most respected litigation service companies. When I was first looking for an assistant and someone suggested I try a remote worker from overseas, I didn’t have any idea of how to start or how to go about finding and employing an assistant in the first place.

article thumbnail

Getting to Know Stacy Willis of Account Management Resources

Account Recovery

The “Getting to Know” series is sponsored by Arbeit. Arbeit is a powerful, and easy to use communications platform that empowers businesses to reach more consumers. Innovative by nature, we are constantly listening to and understanding the businesses we partner with and developing long term industry relationships that allow us to be proactive in anticipating … The post Getting to Know Stacy Willis of Account Management Resources appeared first on AccountsRecovery.net.

246
246
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

Best Tips for Saving for Retirement — at Any Age

Nerd Wallet

This article provides information and education for investors. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. The best gift you can give yourself this year? A more secure financial future. No matter what stage of life you’re in, it’s never. Tiffany Lam-Balfour is a writer at NerdWallet.

Education 141

More Trending

article thumbnail

Cost Optimization for Healthcare Clinics

Nexa Collect

Healthcare clinics that wish to succeed in today’s competitive market must strive not only to provide quality care while keeping up with the continual technological advances of such a fast-paced and innovative industry but also to ensure they are managing their costs effectively. The healthcare market is growing bigger every year – according to the Bureau of Labor Statistics, the number of healthcare clinics opening each year is steadily rising, with healthcare jobs predicted to increase 30 to 4

article thumbnail

Judge Denies MTD in Suit Filed Against Collector By CFPB

Account Recovery

A District Court judge in Maryland has denied a debt collector’s motion to dismiss a lawsuit filed against it by the Consumer Financial Protection Bureau, ruling that even though the Supreme Court found the leadership structure of the Bureau to be unconstitutional, it did not dictate that it lacked authority to bring an enforcement action … The post Judge Denies MTD in Suit Filed Against Collector By CFPB appeared first on AccountsRecovery.net.

article thumbnail

Can You Use a Personal Loan to Pay Off Student Loans?

Nerd Wallet

Many lenders won’t let you use a personal loan to pay off student loans. But even if they did, you likely wouldn’t want to. Personal loans typically come with higher interest rates and shorter repayment terms than student loans do. If you’re looking for a loan to consolidate or pay off student debt, refinance into. Ryan Lane is a writer at NerdWallet.

article thumbnail

12 Tips to Help Prevent Identity Theft

Credit Corp

There were more than 650,000 instances of reported identity theft in 2019, according to data from the Federal Trade Commission (FTC). Separate information from Javelin Strategy & Research found that consumers lost almost $17 billion to fraud in the same year. Concerned you might not be doing enough to prevent identity theft? Check out these tips we’ve collected to help you lead a more secure life and safeguard your information, finances and family.

Retrieval 116
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

Consumer Financial Protection Bureau Sues LendUp Loans, LLC for Allegedly Violating the Military Lending Act

Consumer Finance

On December 4, 2020, the Consumer Financial Protection Bureau filed a lawsuit against LendUp Loans, LLC alleging that LendUp violated the Military Lending Act (MLA) in connection with its extensions of credit.

Loans 79
article thumbnail

Daily Digest – December 1. Appeals Court Overturns FDCPA Case; CFPB Launches Advisory Opinion Program

Account Recovery

APPEALS COURT OVERTURNS RULING IN FAVOR OF DEFENDANT IN FDCPA CASE The Court of Appeals for the Ninth Circuit has overturned a lower court’s ruling in favor of a defendant that was sued for violating the Fair Debt Collection Practices Act by attempting to collect on a debt that had been paid off nearly two … The post Daily Digest – December 1.

article thumbnail

Biden’s Student Loan Forgiveness Could Wipe Out Debt for 15 Million Borrowers

Nerd Wallet

President-elect Joe Biden’s proposal to forgive $10,000 of federal student debt as COVID relief could erase loan balances for 15 million borrowers and reduce balances for millions more, according to federal data. Broad student loan forgiveness could affect 45.3 million borrowers with federal student loan debt who owe a total of $1.54 trillion to the.

article thumbnail

How Late Can You Be on a Car Payment, Mortgage or Other Bill?

Credit Corp

It’s always frustrating to come across a bill and realize it was due yesterday—or last week. If you’re late on a payment or if you miss it completely, you could end up paying late fees and taking a hit on your credit score. It can be especially difficult if you want to apply for a loan or credit and are about to make a big purchase like a house or a vehicle.

Lender 102
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

eKYC – Why Malaysian Banks Must Act Now!

Fico Collections

In December of last year, the Malaysian National Bank, Bank Negara, issued a consultation document about their intention to allow eKYC in the applications process for a wide range of financial products. Little did they know that Covid-19 was about to happen and that the requirement to validate customers’ identities remotely would become an even more pressing issue.

Banks 72
article thumbnail

CFPB Sues Debt Settlement Company

Account Recovery

The Consumer Financial Protection Bureau yesterday filed a lawsuit against a debt settlement company, alleging it engaged in abusive and deceptive acts and practices by charging fees before it performed any services and collecting higher fees than it was supposed to. A copy of the complaint against DMB Financial, LLC, filed in the District Court … The post CFPB Sues Debt Settlement Company appeared first on AccountsRecovery.net.

article thumbnail

Why Renting Out Your RV Has Become a Lucrative Pandemic Side Hustle

Nerd Wallet

When Tim Frye retired from his job as a project manager in 2017, he envisioned traveling the U.S. in an RV with his fiancée. But not long after spending about a quarter of a million dollars on a luxurious, 39-foot 2014 Forest River Berkshire motorhome, his fiancée left him — and he was left with. Sally French is a writer at NerdWallet. Email: sfrench@nerdwallet.com.

126
126
article thumbnail

How to Take Advantage of Low-Interest Loans During the COVID-19 Health Crisis

Credit Corp

The following is a guest post from Dr. David L Tuyo II, president and CEO of University Credit Union. While there is rampant fear and caution against a global economic downturn due to COVID-19 , this does not mean that every individual will be hit as hard as the next. Certainly, there has been and will be even more severe impact across some key industries, but this shouldn’t be a cause for panic, particularly if you aren’t financially tied directly to any of the hardest-hit industries.

Loans 69
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

Decision breathes some life into Maryland’s weak anti-SLAPP statute

Public Citizen

by Paul Alan Levy. Although Maryland was one of the first states to adopt an anti-SLAPP law, its weaknesses have become apparent over the years as other states have adopted stronger protections against suits brought to suppress fress speech. Two of the most important obstacles to effectiveness of the statutes are found in the statute’s requirement that, before the law may be used as the basis for a dismissal, the trial court find both bad faith and an intent to inhibit speech on the part of the

article thumbnail

Appeals Court Affirms Ruling Compelling Arbitration in Debt Buying FDCPA Class Action

Account Recovery

The Court of Appeals for the First Circuit has upheld a lower court’s ruling that the purchaser of a defaulted credit card debt is entitled to the same arbitration opportunity as the original creditor, even though the individual who owed the debt prevailed in a civil suit filed by the purchaser because it could not … The post Appeals Court Affirms Ruling Compelling Arbitration in Debt Buying FDCPA Class Action appeared first on AccountsRecovery.net.

article thumbnail

ESG Funds: High-Rated and Low-Cost Options

Nerd Wallet

This article provides information and education for investors. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. When you’re adding investments to your portfolio, how well they perform may not be the only question on your mind. Investors are increasingly considering.

Education 119
article thumbnail

Don’t Let Debt Ruin the Holidays: Proactive Steps

Credit Corp

According to numbers for the 2018 holiday shopping season, American shoppers incurred an average debt of just over $1,000. And not everyone could pay that debt off quickly , leading to expensive, long-term credit card debt for some. But holiday shopping debt isn’t the only financial burden people face. Many enter the season with other debt. If that’s you, don’t let debt ruin the holidays.

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

Top Legal firm warns of Insolvency tsunami

UK debt collections

A Top 100 Law firm has warned of a possible tidal wave of insolvencies in Spring 2021 which risks paralysing the UK’s courts system. Manchester based JMW Solicitor’s analysis shows that corporate insolvencies adown circa 42% year-on-year in October 2020; whilst Creditor Voluntary Liquidations , are down 36%, there is a decrease of 76% for Compulsory Liquidations and a decrease of 35% for Administrations.

Trade 60
article thumbnail

U.S. Chamber Endorses Sending Follow-Up Confirmation Text After Receiving Opt-Out Request

Account Recovery

The U.S. Chamber of Commerce has put its support behind a request from Capital One seeking a ruling from the Federal Communications Commission that would allow companies to send a confirmation text message to an individual who opts out of receiving messages without being held liable for violating the Telephone Consumer Protection Act. Capital One … The post U.S.

214
214
article thumbnail

10 RV Secrets Straight From The Experts

Nerd Wallet

From the end of change fees on most major airlines to travel restrictions, coronavirus has drastically changed the way Americans travel — for better or for worse. And as pandemic-lockdowns inspire the emergence of new hobbies and interests, travelers itching to get out of the house but who aren’t ready to hop on an airplane. Sally French is a writer at NerdWallet.

115
115
article thumbnail

Consumer Financial Protection Bureau Finalizes Advisory Opinions Policy and Announces Two New Advisory Opinions

Consumer Finance

On November 25, 2020, the Consumer Financial Protection Bureau launched a refresh of its public website, consumerfinance.gov. The updated website will feature additional user functionality, an improved layout, more content, and easier access to information.

60
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