Fri.Dec 06, 2024

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Common B2B Debt Collection Mistakes and Strategies for Improvement

Enterprise Recovery

B2B debt collection requires an understanding of effective strategies to mitigate delinquent accounts. This process involves implementing proactive measures so businesses can avoid issues such as unclear credit policies, inadequate communication, and poor documentation practices. Also, technology and professional debt collection services can enhance the ability to recover outstanding debts and maintain healthy financial operations.

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CFPB Sends $1.8B to Victims of Lexington Law Scam

Account Recovery

When you couple that the Consumer Financial Protection Bureau is making its largest-ever distribution from its Victims Relief Fund, and that it will be sending $1.8 billion to more than 4 million consumers, with the fact that those consumers were victims of bait-and-switch advertising undertaken by Lexington Law and CreditRepair.com, it’s worth mentioning.

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Transform Contract Management with Digital Contract Tracking Tools

PDC Flow

Companies that manage contracts without digital contract tracking rely on manual, outdated methods to stay organized. These processes are inefficient, cause human error, and lack scalability. Contract tracking software is a faster, more efficient way to handle and track contracts throughout an entire workflow. How to Manage and Track Contracts Its essential for your organization to know how to track contracts and other paperwork you send.

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Collector Facing FDCPA Class Action Over Multiple MVNs Received on Same Day

Account Recovery

EDITORS NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more? Call (855) WEB-RECON or email admin@webrecon.net today!

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Solve Your Firm's Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

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Court Rules on FDCPA Case Over Unreceived Request For Additional Information to Clear Up Dispute

Account Recovery

A collection operation that couldn’t find a consumer’s information in its system to note the account was disputed. A plaintiff’s attorney who claims never to have received the request for additional information that the defendant sent when it couldn’t locate the account. This case has a lot going on. A District Court judge in Illinois has denied claims for summary judgment from both the plaintiff and the defendant in a Fair Debt Collection Practices Act case, while also r

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Daily Digest – December 6. Collector Facing FDCPA Class Action Over Multiple MVNs Received on Same Day; CFPB Sends $1.8B to Victims of Lexington Law Scam

Account Recovery

Collector Facing FDCPA Class Action Over Multiple MVNs Received on Same Day Court Rules on FDCPA Case Over Unreceived Request For Additional Information to Clear Up Dispute CFPB Sends $1.8B to Victims of Lexington Law Scam State AGs Issue Warning to Dept. of Education Over Proposed Student Loan Relief Rule WORTH NOTING: Why you should stop using apps like ChatGPT as a search engine … Poses to help give you more confidence when taking pictures of yourself … If you’re deadset on