Account Recovery

NOVEMBER 15, 2024

EDITOR’S 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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Collections Fair Debt Collection Original Creditor Creditors 147

Credit Corp

NOVEMBER 15, 2024

You want to aim for good credit at all stages of life, but some people forget to consider how important credit is when you reach retirement. When you retire, you want to have as much financial freedom as possible to live out the rest of your years in peace. Unfortunately, bad credit can get in the way if you’re not careful. Why It’s Important to Have Good Credit in Retirement You May Need to Take out a Loan Retirement comes with many expenses, some of which can be unexpected.

Debt Consolidation 98

Debt Consolidation Credit Card Debt Loans Personal loans 98

Account Recovery

NOVEMBER 15, 2024

The Attorney General of Massachusetts is recommending a prohibition on the credit reporting of medical debt while also making other suggestions about how medical debts are collected as part of a report that her office released this week on healthcare cost trends in The Bay State. The report includes specific recommendations to address these issues, such as prohibiting medical debt from being reported to credit bureaus and improving medical debt collection practices to protect vulnerable consumer

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Collections Healthcare 130

Enterprise Recovery

NOVEMBER 15, 2024

Following up on past-due invoices and delinquent accounts can be a full-time job. However, it is invaluable to your business's bottom line. If you're considering outsourcing debt collections or handling them in-house, this post can help clarify the benefits of outsourcing. Outsourcing B2B debt collection can transform your financial operations by bringing in expertise, reducing costs, and freeing up valuable internal resources.

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Collections 183

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.

Account Recovery

NOVEMBER 15, 2024

A District Court judge in Maryland has denied a defendant’s motion for partial dismissal or summary judgment and also denied the plaintiff’s motion to strike affirmative defenses in a Fair Credit Reporting Act case, in which the judge also warned the defendant’s attorney of her “ethical and professional responsibilities” regarding misrepresentations that were made.

Creditworthiness 130

Creditworthiness Judgment Credit Unions Credit Unions 130

Account Recovery

NOVEMBER 15, 2024

The Consumer Financial Protection Bureau yesterday announced an enforcement action against Global Tel Link Corporation and its subsidiaries, involving financial penalties totaling $3 million. GTL is required to pay at least $2 million in redress to harmed consumers and a $1 million penalty to the CFPB’s victims relief fund. What happened: GTL and its subsidiaries, which provide money transfer services to incarcerated individuals, were found to have illegally blocked money transfers and sei

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Credit Corp

NOVEMBER 15, 2024

When you take out a mortgage, a financial institution agrees to lend you enough money to purchase a home. In exchange, you promise to make monthly payments until you’ve paid off the loan balance. Each payment includes principal and interest, which is the cost of borrowing money. Before approving your mortgage application, a lender needs to know you have the ability to pay back the loan.

Lender 52

Lender Personal loans Loans Financial Institution 52

Account Recovery

NOVEMBER 15, 2024

Class-Action Lawsuit Filed Over Repeated Medical Debt Collection Attempts Judge Denies Defendant’s Motion to Dismiss in FCRA Case While Also Issuing Warning to Defense Attorney Massachusetts AG Proposes Prohibition on Medical Debt Credit Reporting, Other Collection Limitations CFPB Hits Global Tel Link with $3 Million Penalty for Abusive Practices WORTH NOTING: How to get your home ready for winter … If you are worried about giving your family food poisoning during the holiday season, here

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Collections 130