Debt Collection Answers
SEPTEMBER 6, 2018
My phone is in my name. I live with my girlfriend for two years, a bill collector called today looking for her ex. How sis they know to call my number? Supposedly she hasn't talked to ex so he shouldn't have my number. Please help
Consumer Financial Services Law
MARCH 27, 2018
By: Zachary K. Dunn The House Financial Services Committee voted 35-25 on March 21, 2018 to advance H.R. 5082, officially known as the “Practice of Law Technical Clarification Act of 2018,” to the full House of Representatives.
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In the Red
NOVEMBER 28, 2018
Almost every year amendments are made to the rules that govern how bankruptcy cases are managed — the Federal Rules of Bankruptcy Procedure. The amendments address issues identified by an Advisory Committee made up of federal judges, bankruptcy attorneys, and others. The rule amendments are ultimately adopted by the U.S. Supreme Court and technically subject to Congressional disapproval. Key Rule Amendments Have A Certain Appeal.
Turbo Recovery
NOVEMBER 20, 2018
When you find yourself with symptoms of an illness—sweating, shivering, pain, sapped of energy, an inability to keep down food, etc.—you you wouldn’t try to solve the problem by simply taking a pain reliever and eating some chicken noodle soup, would you? Of course not. Whether it’s a medical or a financial problem that has you outside your scope of knowledge, there’s no excuse for trying to be your own doctor.
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!
Qualco
DECEMBER 5, 2018
This European Commission’s third progress report on the reduction of non-performing loans (NPLs) shows that NPLs in the European banking sector have declined further as a result of continuing economic growth and pro-active measures such as sales of NPL portfolios. NPL Banks European
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Credit Management Company
OCTOBER 5, 2018
The common perception of the debt collection industry in modern times is almost overwhelmingly negative. Collectors in pop culture are often represented as callous, predatory characters who harass poor families and individuals when they're most vulnerable. While a very slim number of collectors may act in this manner, this portrayal is almost entirely false.
Receivables Control
OCTOBER 29, 2018
How many more sales must you generate to offset bad debt? With the recent pullback in the stock market, it reminds us that the economic winds are ever-changing. You may think twice about your credit policy if your sales team is chasing poor credit risks in a volatile economic environment. We wanted to provide you information and a helpful tool to quantify the impact of bad debt and the sales volume necessary to offset it. The Real Cost of Bad Debt.
Stevens Lloyd
DECEMBER 13, 2018
You have initiated a lawsuit and won a Default Judgment against the debtor. Judgments are worthless unless you can locate and garnish the debtor’s assets, however. So now what ? When a creditor obtains a judgment against an individual or company, one of the most effective techniques (providing they don’t know what assets the debtor has) is to utilize a Debtor Exam to recover monies which were awarded on the ruling document.
Indiana Consumer Law Group
JULY 31, 2018
Have you been sued by Snow & Sauerteig LLP over a debt you allegedly owe? We may be able to help you. We defend consumers sued in Indiana state courts and alleged to owe a debt. We will review your case at no cost to you for potential violations of the Fair Debt Collections Practices Act (“FDCPA”). If we find a violation, we may be able to help you without charging you attorney fees.
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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.
Recoverity
JULY 10, 2018
We are a very small agency that is looking to expand, we have the capability to grow to 28 seats in our current location. Because we are currently so small we are looking to a client that could use undivided attention that we can devote almost every day we are open to. We are looking for someone to grow with. The post White Mountain Capital LLC appeared first on Recoverity. 486 487 Alabama
Debt Collection Answers
SEPTEMBER 18, 2018
I have some property of my friend's here at my home. Now I don't want to give it back because I loaned him $7000 in cash one year ago. Can I keep his property until he pays me back
Consumer Financial Services Law
AUGUST 30, 2018
Relying upon basic principles of contract law, an Alabama district court has held that there are limitations to revocation of prior express consent. In Few v. Receivables Performance Management, 2018 U.S. LEXIS 134324 (N.D. 9, 2018), the consumer sought damages for alleged violations of the Telephone Consumer Protection Act (the “TCPA”).
In the Red
AUGUST 2, 2018
The twists and turns of the In re Tempnology LLC bankruptcy case have been a frequent subject on this blog for good reason. The case addresses whether a trademark licensee, whose licensor files bankruptcy and rejects the license agreement, retains any rights to use the trademark — or instead is out of luck. A Wild Ride.
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.
Turbo Recovery
MAY 11, 2018
Knowing what to place and what not to place can be tricky, especially for nervous business-owners looking to get their money back. It is typical in the collections industry for existing, potential, and even new clients to call in around the months of April and May with lists of bad debt and other write-offs made in the past couple months. Unfortunately, some claims placed within collection agencies are nearly impossible to liquidate.
Qualco
NOVEMBER 12, 2018
ECB Banking Supervision: SSM priorities 2019
National Service Bureau
APRIL 18, 2018
When evaluating and comparing debt collection agencies, two of the best metrics to consider are profit recovery rate and the overall success rate for settlement. As your likelihood for write-off increases drastically with each passing week after your debt holders go past due, it's critical to work with the collection agency that has the most thoroughly proven track record of success.
Credit Management Company
NOVEMBER 29, 2018
Price transparency consistently ranks as one of the top factors for consumers satisfaction, yet the healthcare industry continues to have some of the most obscure pricing structures in the American economy. According to research by InstaMed, 91% of patients are demanding greater transparency. Because of this phenomenon, CMS and other payers are demanding that providers give their patients more accurate information about costs.
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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?
Receivables Control
SEPTEMBER 11, 2018
Guidance on Major Weather Events and COVID-19. In the past few years we have seen regions disrupted by hurricanes, floods, and blizzards. This article highlights our policy regarding collecting from customers who are impacted by major storms and our efforts during the COVID-19 pandemic. . The COVID-19 crisis requires the same methodical approach to communication as do major weather events. We see that throughout the country, businesses are impacted differently.
Stevens Lloyd
NOVEMBER 26, 2018
Millions of businesses, especially small to mid-sized firms, want to grow and prosper by serving their customers well—but they also expect to be paid promptly for their product or services. In our twenty plus years in the commercial debt recovery business, we’ve observed a universal fear among people in business: They want the money they’ve earned but they’re deeply afraid to press too hard lest they upset customers who not only might not pay but could also take their business elsewhere.
Indiana Consumer Law Group
JANUARY 3, 2018
The Indiana Consumer Law Group/The Law Office of Robert E. Duff announces the recent filing of a lawsuit against Tri-Force, Inc., UAR Direct, LLC and Ally Financial Inc. in the United States District Court for the Northern District of Indiana.
Fico Collections
DECEMBER 16, 2018
It’s often said that if you can’t measure it, you can’t improve it and this is particularly relevant when you’re managing a delicate balancing act.
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.
Debt Collection Answers
APRIL 2, 2018
I received 2 collection letters for my son with my name on them. He doesn't live with me. When I looked at my credit report they put the to bills for in collections under me
Consumer Financial Services Law
JULY 20, 2018
A recent case from a Wisconsin district court serves as a reminder that the best approach to a 1692g notice is that it stands alone. In Maniaci v. The Receivable Management Services Corp., 2018 U.S. LEXIS 109087 (E.D. June 29, 2018), the agency’s 1692g notice included a statement that If you have not yet been contacted by an RMS representative, you will be receiving a call to bring this matter to a resolution.
In the Red
JANUARY 22, 2018
The Tempnology Trademark Saga. When it comes to decisions on bankruptcy and trademark licenses, the In re Tempnology LLC bankruptcy case is the gift that keeps on giving. The Original. It all started in November 2015. Following Tempnology’s rejection of an agreement containing a trademark licensee, the New Hampshire Bankruptcy Court ruled that the licensee could no longer use the licensed trademarks.
Turbo Recovery
JULY 11, 2018
When businesses have outstanding receivables, they often turn to attorneys to sue the debtor, but Turbo Debt Recovery offers a few services that should take place prior to filing suit. With full-service, from start to finish and a sensitive approach, it’s clear why Turbo is the better fit. We Provide Full-Service Collections. We are a full-service operation, meaning we work and oversee the accounts from soup to nuts.
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.
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