2020

article thumbnail

Can a Collection Agency Report to the Credit Bureau Without Notifying You?

Credit Corp

If you or someone you know has dealt with a collection agency, you know how trying it can be. Debt collection agencies have a long history of harassment and illegal practices. Can a collection agency report to a credit bureau without notifying you? The answer might not be that simple. Knowing illegal debt collection practices can help identify when you’re being treated unfairly.

article thumbnail

4 Costly Moving Mistakes to Avoid

Nerd Wallet

Hiring professional movers can get pricey — and keeping costs down requires more than finding free boxes. Here are four costly moving mistakes, and how you can avoid them. 1. Hiring movers without vetting If you don’t research a moving company before booking, you might end up with a much larger bill — and more. Tracy Scott is a writer at NerdWallet.

145
145
Insiders

Sign Up for our Newsletter

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

article thumbnail

Details on the HEROES Act

Debt

When the House of Representative passed the $3-trillion HEROES Act on May 15, it all but guaranteed that a second stimulus check would arrive for Americans in need of financial help for COVID-19. How much that guarantee is worth and when it will be delivered is up to the U.S. Senate, which is debating the many […]. The post Details on the HEROES Act appeared first on Debt.org.

145
145
article thumbnail

Bay Area Transit District Attacks Candidate For Showing Its Logo

Public Citizen

by Paul  Alan  Levy. Much like the case of Jeremy Whittaker a few years ago, a demand letter from the general counsel of an elective transit district in the East Bay seeks to interfere with the political campaign of a candidate seeking to replace the lawyer’s bosses. The Alameda-Contra Costa Transit District has threatened Victoria Fierce because her campaign web site violates an ordinance adopted by that municipal body because it contains photographs in which the AT Transit logo can

article thumbnail

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.

article thumbnail

What Debts Will Remain After A Chapter 13 Discharge?

Sawin & Shea

Chapter 13 bankruptcy can wipe out most kinds of debts and leave you with a much brighter financial picture. But Chapter 13 can’t discharge all types of debt you’ve taken on. Some debts will remain after your bankruptcy, although you’ll be in a much better position to handle them. Here’s a closer look at how it works. Which Debts Can Be Discharged By Chapter 13 Bankruptcy?

More Trending

article thumbnail

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.

Startups 121
article thumbnail

The Sixth Circuit Adopts Expansive Interpretation of ATDS

TCPA

In Allan v. Pennsylvania Higher Education Assistance Agency, the Sixth Circuit weighed in on the definition of an ATDS, joining the Second and Ninth Circuits in reading it expansively.

Education 116
article thumbnail

Historical Marginalization Has Left the Navajo Nation Uniquely Vulnerable to COVID-19

Prosperity Now

The disproportionate contraction of COVID-19 within the Navajo Nation is just one more indicator of the challenges and vulnerabilities that

128
128
article thumbnail

B2B Payments taking Covid hit on a global scale

UK debt collections

Delayed payments continue to plague suppliers, particularly Small Businesses, and unfortunately, the global pandemic has only worsened this pain point. This week’s B2B Data Digest looks at the latest stats in the fight against late payments, and finds several instances in which the COVID-19 crisis has exacerbated the late payments problem. 25 companies surveyed in the denim supply chain have revealed “destructive” behaviors from their corporate clients, according to a new rep

Retail 107
article thumbnail

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.

article thumbnail

5 Accounts Receivable Trends for 2021

The Kaplan Group

What will be different about accounts receivable in 2021? Most of us will be pretty eager to leave 2020 behind. But, a lot of what we’re experiencing now, will most likely carry over into the new year. At least in terms of the economy. Here are 5 trends I’m expecting to see emerge or continue in accounts receivable in the new year. 1. More automation.

article thumbnail

How Can You Support Small Business During the 2020 Holidays?

Credit Corp

Small businesses are a huge part of the American economy. They make up 99% of all businesses in the nation. But even in good times, small businesses have around a 50% long-term survival rate , making economic uncertainty and a global pandemic extremely worrisome for many small-business owners. Find out how you can support small businesses in your community this holiday season to help make your local economy a bit merrier and brighter.

Retail 128
article thumbnail

Average Retirement Savings by Age and Why You Need More

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. If you’ve ever wondered how your retirement savings stacks up against your peers, you’re in good company. The desire to know where you land.

Education 145
article thumbnail

Details on the HEALS Act

Debt

Congress and the White House are still debating whether the HEALS Act, HEROES Act – or some compromise Act in between – will deliver the next round of coronavirus relief to a wobbly American economy, but at least they’ve set a deadline. Well, sort of a deadline. Treasury Secretary Steven Mnuchin and White House Chief […]. The post Details on the HEALS Act appeared first on Debt.org.

126
126
article thumbnail

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.

article thumbnail

A Shot Across the Bow for Copyright Trolls: Forcing Higbee Clients to Pay for Frivolous Demand Letters and Intimidation Tactics

Public Citizen

by Paul Alan Levy. As I have discussed in several previous posts , Mathew Higbee has built up a significant copyright enforcement business that depends on the issuance of threatening demand letters that are followed up by a small army of “compliance resolution specialists” who nag and threaten large awards of damages, the issuance of judgment liens, imposing short deadlines before the matter will be “escalated” to “the litigation team.

Judgment 126
article thumbnail

When Is the Right Time to Be Thinking About Bankruptcy?

Sawin & Shea

Sometimes the best offense is a good defense, even when it comes to finances. If you have been hit hard by the economic upheaval of the coronavirus, filing for bankruptcy may be your best option. At a time when thousands are already struggling with historic stressors due to the uncertainty caused by the pandemic, it may be that bankruptcy could relieve the pressures you find yourself facing.

article thumbnail

Application of the Business Judgment Rule to Community Association Board of Directors

Jimerson Firm

The board of directors of community associations are responsible for making important decisions affecting the community and its members. As a result, disputes sometimes arise between the association and its members. In the event the dispute evolves into a lawsuit, the business judgment rule will protect directors from personal liability so long as they did not breach their fiduciary duty.

Judgment 105
article thumbnail

Bankruptcy Court Denies Section 546(e) Safe Harbor Protection in Fraudulent Transfer Action

PBWT

The Bankruptcy Code enables a trustee to set aside certain transfers made by debtors before bankruptcy. See 11 U.S.C. §§ 544, 547, 548. These avoidance powers are subject to certain limitations, including a safe harbor in section 546(e) exempting certain transfers. Among other things, section 546(e) bars avoidance of a “settlement payment. made by or to (or for the benefit of). a financial institution [or] a transfer made by or to (or for the benefit of) a. financial institution.

article thumbnail

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?

article thumbnail

TrueAccord continues to grow rapidly in Lenexa, KS

True Accord

Back in 2019, TrueAccord pledged to hire 50 new Lenexa team members every year until reaching our goal of 150. But thanks to a huge growth in business, TrueAccord has accelerated its hiring, adding 84 employees working remotely across the nation and from its Lenexa, Kansas office since the beginning of March alone. Overall, the Lenexa office has grown from 12 employees to over 118 people in under two years, and we’re still actively hiring across many functions.

103
103
article thumbnail

Why Your “Calling Identity” Matters

Arbeit Software

Identifying yourself as a trusted, legal caller is the first line of defense in mitigating improper call blocking and labeling events.

119
119
article thumbnail

America’s Policing Abuses Are the Fruit of Centuries of Poverty and Plunder

Prosperity Now

Lest toothless or facile public statements obscure the reality of the moment, abusive policing tactics and police-perpetrated killings are the

111
111
article thumbnail

Business Debt, Now What?

The Kaplan Group

Business debt is the hot trend no one wants to be a part of. Thanks to the global pandemic and resulting economic crisis, many businesses are having problems paying their bills. It would be great if you could take out some sort of insurance policy to help you pay bills in times of crisis. Unfortunately that doesn’t exist. So, if you find yourself in debt, what can you do?

article thumbnail

Successful Change Management with Enterprise Risk Management

Speaker: William Hord, Vice President of ERM Services

A well-defined change management process is critical to minimizing the impact that change has on your organization. Leveraging the data that your ERM program already contains is an effective way to help create and manage the overall change management process within your organization. Your ERM program generally assesses and maintains detailed information related to strategy, operations, and the remediation plans needed to mitigate the impact on the organization.

article thumbnail

How Much Money Do You Need to Buy a House?

Credit Corp

According to the U.S. Census Bureau, the median sales price of new homes in May 2020 was around $317,000. Even if you’re purchasing a home that falls well below that average, chances are it’s one of the most expensive things you’ll ever buy. With such a big expense, you might be wondering—how much do you need to save for a house? The good news?

Loans 125
article thumbnail

How to Get Your Parent Off the Hook for Your Student Loans

Nerd Wallet

Baby boomers now owe the most student debt, according to new data from the financial services company Fidelity. Their average outstanding loan balance: $75,000. The research says that’s due in part to federal parent PLUS loans. According to the most recent data from the Department of Education, more than 3.5 million parents nationwide have these. Ryan Lane is a writer at NerdWallet.

article thumbnail

Will There Still Be a Second Stimulus Check?

Debt

If you are one of the millions who anticipated a second stimulus check from the federal government – and penciled $1,200 into the income side of your budget – you better hope that pencil has an eraser. The second stimulus check may never happen. And if it does, the earliest you’ll see it is sometime […]. The post Will There Still Be a Second Stimulus Check?

article thumbnail

Consolidating Your Debt? Here’s What NOT to Do

Debt Guru

Every month, you face a mound of credit card and bank statements (or your inbox fills up with them, and you have to write a separate check (or perform an individual internet transfer) for each of them. All the while, you feel like you’re no closer to zeroing out your balance on any of those debts. To get out of this frustrating and time-consuming loop, many people opt for consolidation to combine multiple debts into one.

article thumbnail

How Preparation and Strategy Can Be Used to Fight and Defeat Any Ransomware Attack

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

Did you know that 2021 was a record-breaking year for ransomware? The days of a “once in a while” attack against businesses and organizations are over. Cyberthreats have become a serious issue. With 495.1 million attacks, the threat marked a 148% increase compared to 2020 and was the most expensive year on record! As a result, data protection needs to be a concern for most banks, businesses, and information technology specialists.