Sat.Aug 29, 2020 - Fri.Sep 04, 2020

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MTD in Permissible Purpose FCRA Case Denied

Account Recovery

A District Court judge in New Jersey has denied a defendant’s motion to dismiss after it was sued for violating the Fair Credit Reporting Act by obtaining the plaintiff’s credit report without a permissible purpose to do so. A copy of the ruling in the case of Mathews v. Verizon Communications Inc. can be accessed … The post MTD in Permissible Purpose FCRA Case Denied appeared first on AccountsRecovery.net.

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Find a solution in every problem

American Profit Recovery

By: Pocholo Alvarez . As I come closer to my two-year anniversary here at American Profit Recovery, I can’t think of all the changes that happened ever since I walked in through the front door. Just like the majority of the world, I had a bad interpretation of what a debt collector is. After spending even the first few days in the company, I realized that the people that I work with really do care about helping our clients and consumers.

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Dental Office Manager: Role, Responsibilities and Duties

Nexa Collect

A Dental Office Manager also referred to as a Dental Practice Manager is an administrative position commonly accommodated in dental practices or orthodontic facilities. A Dental Office Manager is like an overall Administrator, also responsible for running the front offices of dental clinics and managing day-to-day operations fulfilled to assist the dental faculties to propagate a smooth work environment.

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How to Save Money for a House: Steps to Get Moving

Nerd Wallet

Saving enough money to buy a house might seem like scaling Mount Everest, but don’t let that stop you from taking the first steps. Once you get moving, you might find the peak more accessible than you expected. Here’s how to make the climb: Set goals to save for a house Decide a total money. Barbara Marquand is a writer at NerdWallet. Email: bmarquand@nerdwallet.com.

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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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Daily Digest – September 3. Getting to Know Shantel Petrosyan of PFC USA; Judge Grants MSJ for Defense in FDCPA Case

Account Recovery

GETTING TO KNOW SHANTEL PETROSYAN OF PFC USA Shantel Petrosyan has made the cardinal mistake. She has made it known that she is available if you are looking for volunteers. Not someone to help you move, but someone who is committed to helping move the industry forward. In reality, her offer is not a mistake, … The post Daily Digest – September 3.

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More Trending

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HYBRID Recovery: Best Way to Collect Unpaid Medical Bills

Nexa Collect

You have tried to recover overdue receivables from patients using reminder calls and sending invoices. But you are skeptical about sending accounts for collections, fearing a potential loss of reputation or hoping that your patient will magically pay you without the involvement of a 3rd party collector. . After overcoming your reluctance, you eventually decide to send past-due accounts for collections.

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Between Two FinTechs with Hunter Walk

True Accord

In our second installment of “Between Two FinTechs,” an interview series with leaders in financial technology, we have Hunter Walk , co-founder and partner of seed stage venture fund Homebrew. Previously at YouTube and Google, Hunter uses his startup and scaling expertise to help founders articulate their product/market fit, recruit stellar teams and build well-defined cultures.

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Judge Grants MSJ For Defense in FDCPA Case Over Settlement Deadline, Using ‘Balance Due’

Account Recovery

A District Court judge in Wisconsin has granted a defendant’s motion for summary judgment after it was sued for allegedly violating the Fair Debt Collection Practices Act by including a time limit on a settlement offer and by using the phrase “balance due” in a collection letter. A copy of the ruling in the case … The post Judge Grants MSJ For Defense in FDCPA Case Over Settlement Deadline, Using ‘Balance Due’ appeared first on AccountsRecovery.net.

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How Often Can You Check Your Credit Score, and How Do You Get It?

Credit Corp

Are you trying to keep a closer eye on your finances? Or maybe you want to get an auto loan, but you want to make sure your score is in good shape? Either way, you might be wondering if you’re checking your credit score too much. Honestly, there really isn’t a limit to how often you can check your credit score. But, before you blaze ahead and check your credit score, there are a few things you need to know.

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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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How Data Analytics Can Help Your AR

Nexa Collect

In a data-driven business world, knowing how to use data analysis tools optimally and what the advantages of data models are will allow you to assess the efficiency of your Accounts Receivable department. Predictive analysis can help monitor and manage outstanding receivables, and post-collection data will identify the most effective payment recovery methods.

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How First-Home Shoppers Can Keep a Cool Head in a Hot Market

Nerd Wallet

Shopping for your first house is stressful enough, but when you’re finally ready to be a homeowner and the pickings are slim, the process can become a roller-coaster ride of hope and fear. “Buyers walk in a home and say, ‘This is it!’ Then, they see all the business cards [from other agents] on the. Barbara Marquand is a writer at NerdWallet. Email: bmarquand@nerdwallet.com.

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Groups Call on FCC to Require Notification of Blocked Calls

Account Recovery

A number of financial services trade organizations, including ACA International, are calling on the Federal Communications Commission to require that telecom companies notify businesses when their calls are being blocked or labeled as spam. The organizations, which also included the American Bankers Association, the American Association of Healthcare Administrative Management, and the Student Loan Servicing … The post Groups Call on FCC to Require Notification of Blocked Calls appeared fir

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6 Clever Money-Saving Hacks to Reach Your Financial Goals

Dear Debt

Post contains affiliate links. Today’s post is from my friends at Bold.org, a site where you can find exclusive scholarships and grants. Life is expensive these days, especially if you… Related Posts: Financial Literacy Matters, Especially for Women. 13 Ways You Can Make Money. 10 Signs You Have a Toxic Relationship With Credit. Look How Far You've Come.

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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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Best Practices to Manage Dental Office AR & Improve Recovery

Nexa Collect

Dental offices, particularly those that handle high-dollar orthodontics, often face difficulties with their accounts receivable (AR) management. AR is the portion of bills to patients and insurance companies that are outstanding. However, these challenges can be met with strong, enforceable policies and consistent collection procedures. A good rule of thumb for dental offices is to keep AR from exceeding the practice’s average monthly income.

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If Doing Less Means Saving More, Try These 5 Money Moves

Nerd Wallet

The coronavirus has upended countless jobs, schools and bank accounts. But while undoubtedly more people are struggling than not, those who are still working may have seen their expenses actually drop, due to canceled travel, limited dining options and more time at home. If you’ve managed to end up with extra money during the pandemic, Alana Benson is a writer at NerdWallet.

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Mass. AG Sues Auto Lender For Violating State Collection Call Limits, Among Other Accusations

Account Recovery

The Attorney General of Massachusetts yesterday announced a lawsuit against Credit Acceptance Corp., a subprime auto lender, for knowingly originating loans to individuals even though it knew they would be unable to repay them, and then said the lender “harassed” those individuals by calling them as many as eight times a day in attempting to … The post Mass.

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A/B Testing & Machine Learning in Digital Debt Collections

Re:Ceeve

All companies—no matter their industry, size, or location—have one ultimate goal in mind at all times: improvement. It’s only natural for companies to want to get better at what they do. Perhaps you want to improve your productivity, the quality of your products, or your customer satisfaction. These are all valid goals. So how can you make these desired outcomes a reality?

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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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Web Chat Services for AR: Never Miss a Payment Opportunity

PDC Flow

The way consumers interact with your business has changed. Many people prefer to do research about your company before speaking to you – especially in accounts receivable, when you’re asking them to pay a bill. Just as in any other industry, good website design is now a must in AR. Offering web chat services can be your agency’s differentiating factor between abandoned payment and a closed account.

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United Ditches Domestic Change Fees, Adds More Flexibility

Nerd Wallet

United Airlines is making some changes so that customers can enjoy more flexible travel, including ditching change fees for virtually all domestic flights — for good. Earlier this year, United, along with most other domestic airlines, began temporarily waiving change and cancellation fees for virtually all flights scheduled in or after March 2020 due to.

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Daily Digest – September 1. Mass. AG Sues Auto Lender For Violating State Call Limits; Calif. Legislature Approves State CFPB

Account Recovery

MASS. AG SUES AUTO LENDER FOR VIOLATING STATE COLLECTION CALL LIMITS, AMONG OTHER VIOLATIONS The Attorney General of Massachusetts yesterday announced a lawsuit against Credit Acceptance Corp., a subprime auto lender, for knowingly originating loans to individuals even though it knew they would be unable to repay them, and then said the lender “harassed” those … The post Daily Digest – September 1.

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Tenth Circuit Affirms Order Allowing Discharge of Private Student Loans

Troutman Sanders

On August 31, 2020, the Tenth Circuit affirmed the United States Bankruptcy Court for the District of Colorado’s holding that certain student loans not guaranteed by a governmental unit may be discharged in bankruptcy. Navient Solutions, LLC argued that the debtors’ student loans were excepted from their Chapter 13 discharge under 11 U.S.C. § 523(a)(8)(A)(ii) which excepts “an obligation to repay funds received as an educational benefit, scholarship, or stipend.

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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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Consumer Financial Protection Bureau Report Examines Early Impact of Pandemic on Consumer Credit

Consumer Finance

The Consumer Financial Protection Bureau issued a report examining the early effects of the COVID-19 pandemic on consumer credit.

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New Ways to Get More for Your Old Car

Nerd Wallet

These days, you can sit on your couch and get a pretty accurate answer to the age-old question: “What’s my trade-in worth?” As online used car retailers streamline the buying process, they’re creating more convenient ways to handle car-buying’s Achilles’ heel, the trade-in. And, with the current used car shortage caused by the pandemic, you. Philip Reed is a writer at NerdWallet.

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CFPB Data Shows Consumers Held Up Well During Initial Months of Pandemic

Account Recovery

There was an overall drop in delinquency rates among mortgages, credit cards, auto loans, and student loans during the first few months of the coronavirus pandemic, according to data released yesterday by the Consumer Financial Protection Bureau, which also indicated that individuals were not using their credit cards to keep themselves financially afloat.

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Women Are Affected More by Coronavirus

Credit Corp

This article appeared on The Female Economist and is republished here with permission. There’s no denying the fears that we all face right now—from changes in our personal lives to the economic downturn and the healthcare crisis. Data shows that 22 million Americans have now filed for unemployment and the virus has claimed the lives of thousands across the nation.

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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.