Account Recovery
JULY 12, 2024
Electricity prices in the United States have surged nearly twice as much as overall inflation, posing a significant challenge for consumers and utility debt collectors alike. The Bureau of Labor Statistics recently reported a 4.4% increase in electricity costs compared to June of last year, surpassing the overall inflation rate of 3%.
UK debt collections
JULY 12, 2024
Xero, the global small business platform, today announced the findings of its ‘Settle Up’ report, which found 62 per cent of UK consumers surveyed expect tackling late payments to be a priority for government. For decades, policymakers pledged to address the power big businesses hold over small firms, which last year cost small businesses an estimated £1.6 billion.
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Account Recovery
JULY 12, 2024
The Senate Committee on Health, Education, Labor, and Pensions (HELP), yesterday held a hearing to discuss the issue of medical debt in the United States and explore potential solutions to alleviate this burden. The hearing is a follow-up to a bill introduced by Sen. Bernie Sanders [I-Vt.
Payment Savvy
JULY 12, 2024
In the evolving world of small businesses, efficient payment processing is crucial. Online payments’ convenience and speed can boost customer satisfaction and streamline operations. However, the fees associated with payment processing can be a burden. Accepting online payments without incurring fees may sound appealing, but it’s not feasible.
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Finance Transformation Myths Busted Over 75% of organizations struggle to define the right success metrics to benchmark the impact of their finance transformation investment. Whether you are just initiating your digital transformation journey or planning to pitch your next AI project to leadership, without the right metrics and a rigorous tracking process - all your efforts might go to waste!
Account Recovery
JULY 12, 2024
Collector Sued for Sending Letter, Text After Plaintiff Opted Out of Receiving Text Messages Judge Grants MTD in FDCPA Case Over Worker’s Comp Debt Senate Committee Holds Hearing on Medical Debt Utility Bills Spiking During Summer Heatwave WORTH NOTING: When seeking advice, it might be best to avoid asking people who went through similar situations […]
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Account Recovery
JULY 12, 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?
Payment Savvy
JULY 12, 2024
As a business owner, you’ve probably heard about convenience fees but might not be entirely sure what they entail. A convenience fee is an additional charge added to a customer’s bill when they use a non-standard payment method. Essentially, it’s a way for businesses to offset the cost of processing these alternative payment methods while still providing a convenient option for customers.
Account Recovery
JULY 12, 2024
A District Court judge in Florida has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act case involving a worker’s compensation claim because the plaintiff failed to sufficiently allege a concrete injury, thus lacking the necessary standing to pursue the lawsuit.
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