2021

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The real cost of Small Business late payment

UK debt collections

The financial impacts from COVID is forcing many SME’s into bankruptcy. One of the major instigators of this is the late payments issue, which has increased by 20% from last year, to £61billion. .

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Pile Up: What Are You Going To Do With All Those Old Files?

NCBA Law Practice Management Blog

Law firms generally have lots of trouble moving into new software programs. And, there are, for sure, a lot of reasons for that. Moving on from the status quo is hard, on its own. Plus, mindset change is a difficult thing. And, let’s not even talk about getting buy-in from staff.

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Fast 5 Tips

Collect More

If your customer is a business, establishing their correct entity is a must. ABN Lookup is good for this but if you’re still stuck, the Terms and Conditions or Privacy Policy section of their website is also a goldmine. It’s almost always at the bottom of their homepage. If they promise to pay, always confirm in writing and ALWAYS ask them to reply to indicate they agree. Remember to ask those magic words: “What is the absolute most you can pay today?” ” 4.

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Bankruptcy and Tax Refund Strategies

Sawin & Shea

As tax time approaches, it’s the perfect time to think about how you can make good financial decisions. For someone who’s pursuing Chapter 7 bankruptcy , this is especially important.

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The Power of Storytelling in Risk Management

Speaker: Dr. Karen Hardy, CEO and Chief Risk Officer of Strategic Leadership Advisors LLC

Join this exclusive webinar with Dr. Karen Hardy, where she will explore the power of storytelling in risk communication as a core component of a resilient organization's management framework!

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Financial health check up tips for every age

Kasasa

Just as your doctor keeps you on track with age-appropriate health checks and tips, you should practice financial fitness for every stage of your life.?. Personal Finance

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Report Breaks Down Consumers’ Financial Situation During Pandemic

Account Recovery

As the COVID-19 pandemic took over the United States in 2020 and through 2021, fewer consumers — by and large — had problems paying their bills, but those who did have problems doing so had more problems than usual, according to data that was released last week by the Consumer Financial Protection Bureau.

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How Is Household Size Determined in Bankruptcy?

Sawin & Shea

Determining household size is an important measurement when facing bankruptcy. In fact, correctly determining household size can determine your eligibility for Chapter 7 bankruptcy. For some households, determining household size is simple.

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You’re not a bank- how to stop your customers from treating you like one.

Collect More

Anyone who has been in business for a while will know that we are entering the danger zone. The annual period where getting paid is like pulling teeth. Thankfully it is still mid November so there is still time to plan, prepare and cope. The best advice I can give you right now is this- be up front and honest with your customer and ask them, before you start work or provide the goods and services, if they are going to be able to pay on time.

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HMRC facing pressure to improve Debt Collection

UK debt collections

In the latest HMRC update, overdue debt increased to £58 billion – a record-breaking level of debt. Sushil Patel, Director of Restructuring Advisory at Kroll, has explained how this may impact the collection of debt in a period of financial recovery for the UK.

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How to Attract Multiple Generations to Open New Accounts and Apply for Loans

The experiences of every generation are characterized by their behaviors involving finances. Understanding these attitudes and using them to inform marketing messages enables community banks, regional banks and credit unions to better serve their customers.

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Should Sales Be Responsible for Collecting on Invoices?

Enterprise Recovery

While this question will put off sales reps, collections teams may be cheering in their seats. If a sales representative works hard to land the ideal client but the invoice goes unpaid beyond the due date, who should be responsible for connecting with that client?

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We are “all in” when advocating for the collection industry

American Profit

Since the founding of American Profit Recovery and the day we opened our doors, we have always wanted to do what was right.

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The Most Popular Article, By Month, Published in 2021

Account Recovery

Remembering everything that happened during the course of a year can be difficult. There are so many highs and lows that they often blend in with one another or fade into the background.

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Daily Digest – December 31. Judge Awards $265k to Plaintiffs’ Attorneys in FDCPA Case; Experts Share the Word That Defined 2021 For Them

Account Recovery

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Everything You Need to Know About Crypto

Speaker: Ryan McInerny, CAMS, FRM, MSBA - Principal, Product Strategy

This exclusive webinar with Ryan McInerny will teach you all about cryptocurrency and NFTs! Register to learn more about identifying crypto transactions, crypto asset market trends, managing risk and compliance, and supporting customers and partners using crypto-based payments.

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Judge Denies Plaintiff’s Motion to Remand FDCPA Case Back to State Court

Account Recovery

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Compliance Digest – December 27

Account Recovery

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics.

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Daily Digest – December 29. Hunstein Files Brief for Upcoming Hearing; New Job Listings

Account Recovery

HUNSTEIN FILES BRIEF WITH ELEVENTH CIRCUIT IN PREPARATION FOR EN BANC HEARING By using a mail house to print and mail a collection letter, thus “exposing … non-public information to an unauthorized third party,” the plaintiff-appellant in Hunstein v.

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Collector Accused of Violating Reg F in FDCPA Lawsuit

Account Recovery

It only took 10 days after going into effect, but it appears as though one of the first lawsuits referencing Regulation F has been filed against a company in the accounts receivable management industry.

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Effortless. Efficient. Enjoyable. Collection Software Built for Collectors.

Looking for a cloud-based collection platform that keeps track of accounts across teams, providing customizable workflows to keep collectors in sync with their collection strategy?

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Appeals Court Affirms Summary Judgment for Collector in FCRA Case

Account Recovery

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Judge Grants MTD in FDCPA Case Due to Lack of Standing

Account Recovery

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Judge Grants MTD on Remanded Case Over Lack of Standing

Account Recovery

A District Court judge in Ohio has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act case because claiming statutory damages is not enough of a concrete injury for the plaintiff to have standing to sue. A copy of the ruling in the case of Portnoy v.

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NYC Pilot Program Helps Individuals With Disabilities Reduce Debt, Improve Savings

Account Recovery

Individuals with disabilities face unique challenges that most people never have to encounter, and those challenges often include financial decisions that have to be made.

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Exploring the Overlap: Cost Optimization and Digital Transformation

Speaker: Alex Jiménez, Managing Principal, Financial Service Consulting for EPAM

The largest banks have increased reserves for protection against deteriorating economic conditions. Should banks delay their digital transformation investments and focus on cost reductions? In this webinar, Alex Jiménez will walk us through that question and examine the prudent course of action.

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Six years helping clients and consumers

American Profit

By Angela: As I sit writing this blog, I am finding it hard to believe six years have passed since coming to American Profit Recovery. I still remember getting the call to come in for an interview and didn’t completely know what to expect or how I would be treated.

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Getting to Know Gwen Gullicksen of Sentry Credit

Account Recovery

The “Getting to Know” series is sponsored by Applied Innovation. Applied Innovation is helping to shape the future of accounts receivable management.

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Compliance Digest – December 20

Account Recovery

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics.

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Commercial Collection Agencies of America Gives Back

Account Recovery

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The Anti-Money Laundering Act of 2020: Initial Catalysts, Current Implications, and Future Impacts

Speaker: Elizabeth "Paige" Baumann, Founder and CEO of Paige Baumann Advisory, LLC

In this session, Elizabeth “Paige” Baumann will cover the Anti-Money Laundering Act of 2020, which also includes the Corporate Transparency Act. She'll take a deep dive into the catalysts that brought on the act, the current implications of the act, and what impacts the act has on the future of banking and finance.