A beginner's guide to understanding 401k plans


The number (and one letter) 401k is synonymous with a retirement savings plan, but how many of us actually know all the rules around 401k accounts? Or where that number comes from? Future Planning Banking

Banks 114

“What is the absolute most you can pay today?”

Collect More

“What is the absolute most you can pay today?” ” Our favourite question, bar none. If this nugget of gold isn’t in your collection repertoire, then you could be missing out on hundreds, if not thousands of dollars. When a debtor tells us they’ll pay it next week, we ask this question. When they say they can’t pay the full amount today, we ask this question. When they say they need a payment plan, we ask this question.

Worst sectors for late payment in 2022 named and shamed

UK debt collections

The worst sectors for late payment are named and shamed in new ports. The reports looks at the late payment practices of different business sectors in 2022.

JP Recovery Services Merges with Healthcare Revenue Cycle Leader Meduit

Account Recovery

Meduit, a leading healthcare revenue cycle solutions company, announced today that JP Recovery Services (JPRS) has joined the Meduit organization.

Successful Change Management with Enterprise Risk Management

Speaker: William Hord, Vice President of ERM Services

Join us as we discuss the various tangents of data and the change management process that will help you make better risk-based business decisions to save time and money for your organization.

Moving Up: Bankruptcy Code Dollar Amounts Will Increase On April 1, 2022

In the Red

An official notice from the Judicial Conference of the United States was just published announcing that certain dollar amounts in the Bankruptcy Code will be increased a larger than usual 10.973% this time for new cases filed on or after April 1, 2022.

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Survey: Consumers Talk Financial Regrets, Credit Scores and Debt

True Accord

Most Americans are in enough credit card debt, they would do anything to go back in time and change the outcome of their financial situation, according to new research.

Assignment of Benefits Under Florida Law: Businesses and Insurers Beware

Jimerson Firm

Florida’s assignment of benefits statute affects homeowners and businesses alike, and both parties should proceed with caution when dealing with an assignment of benefits agreement.


Can Bankruptcy Discharge my Student Loans?

Debt Free Colorado

Are my Student Loan Debts Dischargeable in Bankruptcy? We’ve got great news for you! Student-loan holders now have a new path to freeing their debt through bankruptcy! If you’ve been worrying about how you can pay off your debts, read on to know if this applies to you!

Consumer Debt vs. Non Consumer Debt

Sawin & Shea

When filing Chapter 7 or Chapter 13 bankruptcy, it’s critical to understand the difference between consumer debt and non-consumer debt.

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

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

Through a detailed analysis of major attacks and their consequences, Karl Camilleri, Cloud Services Product Manager at phoenixNAP, will discuss the state of ransomware and future predictions, as well as provide best practices for attack prevention and recovery.

Court of Appeals gives big win for commercial debt collection efforts

Collections Law

Getting payment on late debt is not always an easy task. Thankfully, businesses do not need to go through this process on their own. Business owners can work with legal counsel to help locate and collect that money. At the Law Offices of Alan M.

11 Steps to improving your credit score


Debt Management

Late fees- Do’s and Don’ts

Collect More

The dreaded late fee. Loved if you’re the one charging and collecting them, hated if you’re the one paying them. But a late fee is a late fee right? Wrong. Whilst the concept itself is fine and we actively encourage the use of them, it is vital you do it the right way. Do’s: – Have a written agreement with your customer which covers the late fees. Without one, you technically cannot charge them. Simply having a clause on your invoice isn’t enough.

Best reasons to use a Debt Collection Agency in 2022

UK debt collections

Whilst the UK struggles to recover from the pandemic , its never been a better time for Businesses to use a Debt Collection Agency. Debt Collection Agencies do not just act for Businesses, there are many Debt Collection Agencies for individuals also.

Mandatory COVID Vaccination Policy Template

The federal government is developing a rule requiring employers with more than 100 employees ensure their workers are vaccinated or produce a negative COVID test weekly before entering the workplace. So, what can your organization do to prepare? Get Paycor’s COVID Vaccination Policy Template to help communicate important details to your employees.

24 Companies Seeking Collection Talent

Account Recovery

During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online.

ABI’s Industry Viewpoint Interview: Intellectual Property And Bankruptcy

In the Red

recently had the honor of talking with the American Bankruptcy Institute’s Editor-at-Large Bill Rochelle about the intersection of intellectual property and bankruptcy, as part of ABI’s Industry Viewpoints video series. Bill and I discussed issues ranging from the U.S.

Crypto Exchange Platforms Grapple with Consequence of Filing Bankruptcy


In the world of cryptocurrency, exchange platforms act as intermediaries allowing investors to buy and sell assets while making money through commissions and transaction fees. Any assets purchased may be held in either non-custodial or custodial wallets.

TrueAccord Joins the Visa Fintech Partner Connect Program

True Accord

LENEXA, Kan., 8, 2022 — TrueAccord Corp , a debt collection company using machine learning-powered digital recovery solutions to improve consumer experience, today announced it joined the Visa Fintech Partner Connect program.

Watch Tower Drops Its Effort to Identify a Dissident Blogger Based on Spurious Copyright Claims

Public Citizen

by Paul Alan Levy. The effort by the Watch Tower Bible and Tract Society (a/k/a Jehovah’s Witnesses) to identify a dissident member, "Kevin McFree ," through a spurious claim of copyright infringement has ended with a whimper rather than a bang as Watch Tower agreed to dismiss its copyright lawsuit with prejudice to avoid a possible claim for attorney fees.


Insurance Claims Recoveries – Keeping Claims Costs Down

Debt Recoveries

Recoveries are the Bermuda triangle of the claims process, where recoverable funds are all too often lost, forgotten, or not given the priority they deserve. To avoid the Bermuda triangle, gather all relevant information at the start of a claim.

What happens to your credit cards when you file for bankruptcy?

Roths Child Law

Personal debt can slowly accumulate over many years. It may have started with student loans while you got your degree. Then, because of your large student loan payments, you had to use credit cards to cover your basic cost of living expenses while establishing yourself as a professional.

CFPB Takes Action Against Carrington Mortgage for Cheating Homeowners out of CARES Act Rights

Consumer Finance

Company wrongly charged fees and inaccurately reported homeowner credit information despite pandemic-era housing protections. Press release Credit reports and scores Mortgage servicing Enforcement


Does your loan come with Take-Backs™?


We've all been in situations we wish we could erase or change. It would be so nice to go back in time and make some tweaks, like not saying that one thing you definitely shouldn’t have said, or not making that little mistake that will play out in your head on repeat for years to come. that one.).

Loans 99

The Big 5 Contact Methods- analysed. Number 1: The phone

Collect More

First up today we have our gold medal winner, undefeated and the best by far- ladies and gentleman give it up for: The Telephone! The phone is your best friend folks. The single best way to get paid is by picking it up, calling your customer and asking for your money. Seems so simple I know but you would be shocked at how many people are scared of the phone. And this is totally understandable especially if you’re the only one in the business.

Business CCJs in Scotland rise by 52%

UK debt collections

Business CCJs in Scotland saw a fifty two per cent (52%) increase in decrees and judgments against them in the first quarter of 2022. This huge rise is in comparison with the same period last year, 2021. The total value of these judgments also rose by a massive 269%.

Daily Digest – December 6. Settlement Offer, Tradeline Deletion Mention in Letter Leads to Class Action; Tim Collins on Challenging the Status Quo

Account Recovery

The Monetization Of Intellectual Property In Bankruptcy And Restructuring

In the Red

ABI Panel. Last month I had the honor of speaking on a panel at the American Bankruptcy Institute’s 2022 Annual Spring Meeting in Washington, D.C. The topic of our panel was the Monetization of Intellectual Property in Bankruptcy and Restructuring.

How will I know if a debtor is hiding assets?

Collections Law

Finding the assets that belong to a client who owes you money is a lot like pealing an onion. It is important to go layer by layer to make sure you do not miss any potential assets. You do not have to go through this process on your own.

What are We Seeing in Consumer Credit Trends Today? A Video Interview with Ohad Samet

True Accord

The financial landscape for both consumers and businesses is particularly uncertain right now. Many new fintechs and neobanks are experiencing their first delinquency surge and others soon to follow.