Creditor Collections Today

Ethical Collection Techniques For Recovering Late Payments

Enterprise Recovery

APRIL 26, 2024

In today's competitive business landscape, it's important to manage late payments while upholding positive client relationships. Discover ethical collection practices to help recover late payments while maintaining positive client relationships.

Collections

QR Codes Called ‘The Driving Force’ Behind Faster Payments

Account Recovery

APRIL 23, 2024

QR codes have emerged as a powerful tool in the ‘last mile’ of payment adoption, especially at the point of sale (POS). This technology facilitates faster payments by enabling a simple scan-and-pay method, which is significantly quicker than traditional payment methods.

Debt collector

FTC Sues Payments Company For Charging Consumers Millions of Dollars in Junk Fees

Account Recovery

APRIL 26, 2024

The Federal Trade Commission has filed a lawsuit against a payments company that allegedly misled consumers about millions of dollars in junk fees that it was adding to their bills by charging consumers to make a payment and then printing a paper check and mailing it to the company being paid. The Background: The FTC […]

Trade

Daily Digest – April 23. Suit Accuses Defendant of Using Unlicensed Collector, Debt Parking; QR Codes Called ‘The Driving Force’ Behind Faster Payments

Account Recovery

APRIL 23, 2024

Suit Accuses Defendant of Using Unlicensed Collector, Debt Parking QR Codes Called ‘The Driving Force’ Behind Faster Payments N.Y.

Collections

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.

Collections

What Are Preferential Payments in Bankruptcy?

Sawin & Shea

APRIL 24, 2024

Which ones will not get the payment they’re owed? When payments are made to some creditors over others, they can be considered preferential payments according to bankruptcy laws. The preferential payment rule exists to protect creditors, ensuring that they get what they’re owed in the event of bankruptcy.

Bankruptcy

Bankruptcy Unsecured Creditor Debtor Creditors

Daily Digest – April 26. Suit Accuses Collector of Communicating in Different Channel After Receiving Refusal to Pay; Appeals Court Affirms Ruling for Defendant

Account Recovery

APRIL 26, 2024

Suit Accuses Collector of Communicating in Different Channel After Receiving Refusal to Pay Appeals Court Side-Steps Chance to Create Bright-Line Rule on FCRA Claims, But Still Affirms Ruling for Defendant FTC Sues Payments Company For Charging Consumers Millions of Dollars in Junk Fees Bankruptcy Filings See Notable Increase in 2024 WORTH NOTING: (..)

Bankruptcy

Do Debt Collection Agencies Work With Small Businesses?

JMA

APRIL 21, 2024

Chasing overdue payments can be a time-consuming and stressful burden, while the traditional debt collection process can be lengthy and yield uncertain results. Many Australian small businesses face a common challenge: recovering outstanding invoices. This is where debt collection agencies like JMA Credit Control come in.

Collection Agencies

Collection Agencies Collections Agency Collections

English Football Legend banned from being a Company Director

UK debt collections

APRIL 26, 2024

Nothing was paid to HMRC in tax during that period, despite the company filing returns showing what the VAT payments should have been. Investigation launched last year According to the Insolvency Service , John Barnes Media’s turnover was £441,798 between November 2018 and October 2020.

Trade

Trade Creditors Government

When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

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. Are you finding some snags in your collections process? Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.

Collections

Unleash the power of Rule 69 to help you collect on your judgment

Collections Law

APRIL 23, 2024

We have an arsenal of post-judgment attachments that, depending on your debtor’s assets, we can use to go after and secure your payment. Once we know where the assets are, we develop strategies to get you paid based on our collective experience exceeding 50 years.

Judgment

Judgment Judgment Enforcement Commercial Collection Collections

Why creditors should know what it means to “pierce the corporate veil”

Collections Law

APRIL 22, 2024

Once we understand the facts of your case, we will be able to tell you if there is a way we can help you secure payments that are rightfully yours. If you are dealing with a business debt in Massachusetts that seems impossible to collect, let us assess your case. Contact us today to schedule a consultation.

Creditors

Creditors Commercial Collection Debtor Collections

How Medical Debt Can Impact Your Credit Score

Credit Corp

APRIL 23, 2024

If you don’t make payments on your medical debt, like other types of debt your medical debt can be charged off and sent to collections. Unpaid medical debt can have an immediate impact on your credit utilization ratio, which is the ratio of total debt compared to the amount of unused credit you have available.

Debt collector

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