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Credit & Collection Events to Attend in 2020

Brown and Joseph

If you work in the credit or debt collection industry, you won’t want to miss these events and networking opportunities in 2020. RMAI Annual Conference… The post Credit & Collection Events to Attend in 2020 appeared first on Brown & Joseph, LLC.

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New Illinois Debt Collection Law Targets Consumer Debt

Brown and Joseph

According to the Heartland Alliance, nearly 1 in 3 Illinois citizens has a debt in collections, making Illinois one of the states with the highest… The post New Illinois Debt Collection Law Targets Consumer Debt appeared first on Brown & Joseph, LLC.

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3 Tips for Hiring a Debt Collection Agency

National Service Bureau

In reality, debt collection agencies are the most useful means to get someone who has a legitimate contractual obligation to make good on their promise so that the honest businessman (perhaps yourself or your company) on the other side of the trade doesn’t get left holding the bag. Research the Company. Do they have insurance?

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Arizona, Kentucky, and Hawaii Become Latest States to Introduce Legislation to Regulate Earned Wage Access Products

Troutman Sanders

Hawaii’s bill amends the interest and usury law by defining “debt,” “finance charge,” and “credit” to include EWA products, and requires “annual percentage rate” to be calculated pursuant to the Truth in Lending Act (TILA). Each proposal is discussed below. Accepting payment from a consumer via credit card.

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7 Areas Your Business Could Cut Costs to Save Money in 2024

Direct Recovery

Use Savings to Pay Down Debt Debt servicing is another frustrating expense for businesses of all sizes, and the rising interest rates are making that a much bigger problem heading into 2024. One way to address this problem is to use rainy day funds to pay down any outstanding debt financing.

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Number of Insolvent Restaurant Companies rising by the week

UK debt collections

Many restaurant groups have relied on debt finance to fund expansion and renovation, while the hospitality sector was also being affected by a continued shortage of staff, which has driven up wages. These are all thought to be significant contributing factors to rising figure of insolvent restaurant companies.

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Litigation & The Impact of COVID-19

Brown and Joseph

As the only debt collection agency… The post Litigation & The Impact of COVID-19 appeared first on Brown & Joseph, LLC. Brown & Joseph has been providing accounts receivable management services to the insurance industry for more than 20 years.