Remove Debt Recovery Remove Financial services Remove Lender
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Client Success Story: Online Lender Achieves 30% Better Late-Stage Collection Result Through Empathetic, Omnichannel Approach

True Accord

TrueAccord proved more effective for late-stage collections and better aligned with online lender’s empathetic approach to financial services. For one online lender, providing online personal loans to underserved consumers was not only a core service for their business but also a key part of their company mission.

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Can a Lender Pursue Debt Collection After a Charge Off and 1099-C Issuance?

Jimerson Firm

When account owners have an account that reflects a negative balance, the lender is faced with a myriad of options and obligations with regard to the pursuit of that debt. However, Florida courts have held that charged off debt is not forgiven, as may still be pursued for debt recovery and satisfaction.

Lender 98
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Enhancing Credit Management with Automation and Real-Time Data

Qualco

Credit Lifecycle Automation & Open Banking Emerging technologies and the increased availability of data resources empower lenders to make informed credit decisions and offer improved services to a wider group of customers. Open Banking fundamentally transforms financial services by unlocking new insights into customers' lives.

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National Financial Awareness Day: Why Financial Literacy is Beneficial For Everyone

True Accord

As reported by the Milken Institute , only about 57% of the American population is considered financially literate. And individuals become more susceptible to going further into debt if they don’t have a solid foundational understanding of what happens when they first fall behind.

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The Low Friction Way For Consumers to Repay: Self-Serve Options for Debt Collection

True Accord

But better customer engagement strategies can help businesses recover more debt—and self-serve portals are an empowering way to get consumers back on track. What is a “self-serve portal” in financial services and collections?

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How to Remove TransWorld Systems From Your Credit Report

Better Credit Blog

Transworld Systems, Inc (TSI) is a well-known debt collection agency in the United States that works with individuals, large companies, and organizations to assist them in debt recovery and past due accounts. They recently acquired Alltran Financial Services in 2020. For this, I suggest you check out Credit Saint.

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Meeting Debt Collection Challenges Amid a Squeeze on Income

Fico Collections

Meeting Debt Collection Challenges Amid a Squeeze on Income. In order to deal with the rising cost of living and other challenges, anyone managing collections portfolios and effective debt recovery strategies needs these capabilities. Collections books for many lenders reduced. Tue, 07/23/2019 - 04:13. by Bruce Curry.