Nexa Collect

OCTOBER 22, 2020

Any business that wants to have an impact, whether a medical clinic, a small retail store or even a debt collection agency, will need to deeply understand their industry to find precisely who their market is. Another area of essential online presence for businesses is owning a compelling, useful website. Tools for Database Solutions.

Startups 100

Startups Collection Agencies Collections Agency Retail 100

ABI

JANUARY 19, 2024

John’s University School of Law American Bankruptcy Institute Law Review Staff A bankruptcy discharge order absolves debtors of their pre-bankruptcy debts and seeks to provide debtors with a fresh start to their financial life. Tags: Bankrupcty Marybeth Ehlbeck St. Citigroup, the Second Circuit held Citigroup Inc. at 306, 308. [9]

Debtor 40

Debtor Creditors Bankruptcy Collections 40

UK debt collections

NOVEMBER 13, 2020

We are all familiar with the terms No win no fee debt collection or free debt collection but what is the real story here. Seemingly ‘cheap’ debt collection services are not always the way to go as it could cost you a lot more than you think. There is a darker side to the Debt Collection industry.

Collections 68

Collections Collection Agencies Collections Agency Law Firms 68

True Accord

JUNE 27, 2022

When it comes to engaging consumers in debt collection, behavioral science helps us to understand and respond to an individual’s situation, motivations, and contact preferences. For example, we know that consumers don’t like being called by debt collectors. How can technology personalize the debt collection experience?

Construction 52

Construction Debt Recovery Collections Debt collector 52

Foster Swift

JULY 16, 2019

In bankruptcy, a debtor must relinquish assets to satisfy debts. The debtor may keep the asset, such as a house or a car, as long as the debtor enters into a new agreement with the lender that reaffirms the debt according to defined contractual terms, which may or may not track the original loan terms.

Debtor 40

Debtor Bankruptcy Lender Loans 40

Collection Industry News

AUGUST 11, 2020

As the economy faces unprecedented unemployment rates and an impending recession, record numbers of financial accounts across industries will enter collections. According to NPR, banks are preparing for “an onslaught of defaults in debt.” Poor data and an increase in call blocking and SPAM tagging could worsen RPC rates.

Banks 40

Banks Collections 40

Collection Industry News

DECEMBER 13, 2023

Demand for debt counseling services is up significantly from last year, defying the seasonal slowdown experienced during the holidays, said Bruce McClary, spokesman for the ​​​​​​​National Foundation for Credit Counseling. Boyer, 51, has a previous bankruptcy years ago, and is careful not to run up credit card debt.

Retail 40

Retail Loans Credit Card Debt Construction 40

Fico Collections

JANUARY 24, 2022

Debt collection is about contacting customers, and that only works with correct contact data. Contact data quality in debt collection is a common challenge, and we often get asked how to best address this. Define a No-Contact Strategy in Debt Collection. How FICO Platform Can Advance Your Debt Collection.

Retrieval 52

Retrieval Collections Acquisition 52

FFGN COLLECT NY

NOVEMBER 21, 2022

Seeking replevin is common and used by debt collection lawyers to recover goods or collateral for their clients. When most people think of taking back goods or other collateral, they think of the “repo man” breaking in and repossessing a vehicle in the dead of night without a court order or sheriff tagging along.

Collateral 52

Collateral Repossession Debtor Creditors 52

Fico Collections

JANUARY 27, 2021

In my series of posts on the disruption caused by the pandemic to financial services customers in the UK, and the impact on debt collection communications, I have explored: How this disruption affected customers’ ability to get in touch with their provider at a critical moment in time, using data from the FICO and Censuswide customer research.

Collections 52

Collections Financial services 52

ABI

JANUARY 12, 2022

American Bankruptcy Institute Law Review Staff. . . Generally, student loan debt will not be discharged in a case under title 11 of the United States Code (the “Bankruptcy Code”) unless there is a showing of “undue hardship on the debtor and debtor’s dependents.” Tags: Consumer Bankruptcy Julia Merani. 1] In Hull v.

Student loans 45

Student loans Student Loans Loans Debtor 45

ABI

JANUARY 13, 2022

In response to Navient’s efforts to collect repayment, Homaidan filed a complaint against Navient with the bankruptcy court, arguing that Navient “employed a scheme of issuing dischargeable loans to unsophisticated student borrowers and then demand[ed] repayment even after those loans [were] discharged in bankruptcy.” [4] 4th 595, 605 (2d.

Education 40

Education Loans Student loans Student Loans 40

ABI

JANUARY 13, 2022

BTEL negotiated a debt restructuring plan (the “Plan”) with certain noteholders. Tags: International (the “Issuer”), a wholly-. subsidiary of BTEL. 2 The Notes were issued under an Indenture governed by New York law—. with The Bank of New York Mellon as trustee (the “Indenture Trustee”). 3 Before both. However, an ad. 859, 874 (S.D.N.Y

Bankruptcy 40

Bankruptcy Creditors Debtor Judgment 40

ABI

JANUARY 12, 2022

xviii] But the other factors also served as evidence that the transaction was as a loan with a debt interest in receivables. Tags: Secured Credit 8) the language of the agreement and the conduct of the parties. First, the Court found that CapCall retained a definite right of recourse against the Shoot the Moon entities. [xx]

Loans 40

Loans Bankruptcy Creditors Debtor 40

True Accord

JUNE 1, 2023

Outbound calling has been the main mode of collections for decades, but the cost of a call center or in-house full-time employees (FTEs) making calls is no longer justifiable when most consumers simply don’t answer the phone, on top of the mounting compliance restrictions limiting opportunities to call in the first place.

Debt Recovery 87

Debt Recovery Collections Lender 87

ABI

JANUARY 19, 2024

relieved of personal liability) for its debts. [1] 1] Section 524(e) provides that a discharge of a debtor’s debt does not affect the liability of a non-debtor. [2] NetJets Aviation, Inc, held that a debtor’s alter-ego may be liable for debts of the debtor that were discharged in the debtor’s bankruptcy case. [3] 3] Stephen G.

Creditors 40

Creditors Bankruptcy Debtor Collections 40

Fico Collections

JANUARY 18, 2023

Top 5 Debt Collection Posts of 2022: Crisis and Opportunity. As more people enter the collections queue due to rising costs and economic wobbles, our collections experts share their tips for early collections, digital approaches and more. Here are the top five posts from 2022 on debt collection trends.

Collections 52

Collections Retrieval Lender Debtor 52

ABI

JANUARY 12, 2022

The Fair Debt Collection Practices Act (FDCPA) generally prohibits debt collectors from misrepresenting their identity or using unfair practices to collect debts. [1] NPAS), a debt collector, was hired by Stonecrest to collect the outstanding balance from Ward. [5] Tags: Consumer Debt

Debt collector 40

Debt collector Judgment Debtor Fair Debt Collection 40

Credit Corp

APRIL 13, 2021

It can take years to recover from it if you’re married as you’re legally on the hook for any debts your spouse collects. Or you find cut off tags buried deep in the trash can. Unless these expenses are part of your budget, it could mean that they’re racking up credit card debt you don’t know about.

Banks 64

Banks Credit Card Debt Financial Institution Collections 64

Collection Industry News

APRIL 25, 2022

the “debt-free” program is slated to receive its first infusion of money this summer: a cool $632 million that lawmakers and Gov. billion price tag. Even at partial funding, those added dollars will likely lower student debt loads if lawmakers actually fund and maintain the program. Source: site.

Student loans 40

Student loans Student Loans Education Loans 40

Collection Industry News

MARCH 21, 2023

The Biden administration’s plan to overhaul a federal student loan repayment program that pegs monthly payments to a borrower’s income would cost $230 billion over 10 years, according to a new estimate from the Congressional Budget Office – nearly double the price tag touted by the White House when it first proposed the plan in January.

Student loans 40

Student loans Student Loans Loans Education 40