Account Recovery
MAY 1, 2024
A District Court judge in New Jersey has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act class-action, ruling the plaintiff lacked standing to sue after claiming the defendant violated the statute by failing to indicate if interest, costs, or fees were included when it referenced the balance that was owed in […]
Credit Corp
MAY 1, 2024
When getting your first credit card, consider factors such as the card’s annual fees, interest rates, rewards or benefits, and credit limit. Choose a card that aligns with your financial goals and spending habits, and make sure to understand the terms and conditions, including the consequences of late payments or carrying a balance. Additionally, aim to use the card responsibly to build positive credit history while avoiding overspending and accumulating debt.
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Account Recovery
MAY 1, 2024
Settling Debt Not Enough for Plaintiff to Have Standing, Judge Dismisses FDCPA Class Action RCM Company Discloses Data Breach Impacting 500k Consumers More Complex Pricing Leads Consumers to Pay More, CFPB Report Concludes 23 Companies Seeking Collection Talent Uown Leasing Taps Skit.
True Accord
MAY 1, 2024
Telecom Industry Evolves, But Call-and-Collect Can’t Keep Up The telecommunications industry has evolved hand-in-hand with most consumer communication preferences throughout the decades. From the last remaining landlines to mobile and internet services, it’s challenging to find a consumer that doesn’t subscribe to a Telecom service. Yet while Telecoms enable customers to communicate and access products and services via digital channels wherever they go, the industry’s own methodology for communi
Speaker: Anna Tiomina, MBA
AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?
Account Recovery
MAY 1, 2024
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. Please make sure to do your own due diligence before applying for a position included here or accepting any offers.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
MAY 1, 2024
A Michigan-based revenue cycle management company that also collects bad debt has disclosed a data breach that compromised the personal information of nearly 500,000 individuals — the second such disclosed incident in the accounts receivable management industry in as many days. What Happened: Designed Receivable Solutions detected suspicious activity on its network back in January.
Credit Corp
MAY 1, 2024
The most surefire way to get out of debt is to create a detailed budget, prioritize paying off debts with the highest interest rates first while making minimum payments on others, and consistently allocate extra funds toward debt repayment until all balances are cleared. Additionally, consider seeking professional financial advice to explore options like debt consolidation or settlement if necessary.
Account Recovery
MAY 1, 2024
The more complicated the pricing structure of a product or service, the more likely that a consumer will pay more, according to a report published yesterday by the Consumer Financial Protection Bureau.
Credit Corp
MAY 1, 2024
A charge card is like a credit card, but instead of allowing you to carry a balance from month to month, you’re required to pay off the full balance every month. It’s a way to make purchases without using cash upfront, but you have to be careful to only spend what you can afford to pay off each month. Many people incorrectly use the terms “charge card” and “credit card” as if they mean the same thing.
Speaker: Melissa Hurrington
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
On Guard
MAY 1, 2024
51% van de jongere generatie (18 tot 34 jaar) vindt dat hun generatie meer openstaat voor datagedreven werken dan hun ‘oudere’ collega’s, zo blijkt uit een recent onderzoek van Onguard. Maar wat betekent dit in het tijdperk van digitale transformatie en de snelle uitbreiding van technologie op de werkplek? En hoe kunnen bedrijven deze leeftijdskloof benutten om technologie op de best mogelijke manier te integreren?
Credit Corp
MAY 1, 2024
A reputable credit repair company helps you understand your credit report and provides guidance on how to improve your credit score. They may also assist in disputing inaccuracies on your report with credit bureaus and provide educational resources to help you manage your finances responsibly. Your credit score doesn’t say anything about your worth, but it can affect your ability to qualify for loans, credit cards, and lines of credit.
Collection Industry News
MAY 1, 2024
Government debt that has swelled nearly 50% since the early days of the Covid pandemic is generating elevated levels of worry both on Wall Street and in Washington. The federal IOU is now at $34.5 trillion, or about $11 trillion higher than where it stood in March 2020. As a portion of the total U.S. economy, it is now more than 120%. Concern over such eye-popping numbers had been largely confined to partisan rancor on Capitol Hill as well as from watchdogs like the Committee for a Responsible F
Credit Corp
MAY 1, 2024
To remove a cosigner from a car loan and title, you typically need to refinance the loan solely in your name. This involves applying for a new loan based on your creditworthiness and income, which can be challenging if your financial situation has changed since the original loan was taken out. Once approved for refinancing, the lender will pay off the existing loan, and the cosigner will be released from their obligations on the loan and title.
Speaker: Susan Richards
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
Credit Corp
MAY 1, 2024
Paying off a credit card with a personal loan can offer the advantage of potentially lower interest rates, saving money on interest charges over time. It also simplifies debt repayment by consolidating multiple credit card balances into a single monthly payment. However, the personal loan could come with origination fees or other charges that should be carefully considered.
Credit Corp
MAY 1, 2024
You can, but we don’t recommend it. In most cases, it’s not advisable to buy a car with a credit card due to limitations on credit card transaction amounts, high-interest rates on credit card balances, and potential merchant fees. However, some dealerships may allow you to use a credit card for a portion of the payment or for a down payment, but weigh the costs and consider alternative financing options before you do.
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