Account Recovery

OCTOBER 15, 2024

A Magistrate Court judge in Utah has partially granted a plaintiff’s motion to compel several collection operations to comply with subpoenas in a Fair Debt Collection Practices Act case in which the defendants are attempting to argue they do not meet the statute’s definition of a debt collector. The ruling, delivered by Judge Daphne A. Oberg, found that while most of the plaintiff’s requests were valid and relevant, some limitations were necessary to avoid undue burdens on the non-party co

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Debt collector Fair Debt Collection Collections 130

FFGN COLLECT NY

OCTOBER 15, 2024

What happens to balances owed when your non-paying customer dies during the debt collection process? How do you enforce your right to get paid? The answer depends on whether your non-paying customer was an individual, sole proprietor, or closely held business, compared to an officer of a corporation with more than one officer. Here’s why. Individual Liability Generally, an individual is responsible for their debt.

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Collections Judgment Debtor Creditors 52

Account Recovery

OCTOBER 15, 2024

A New Jersey Appeals Court has affirmed a lower court’s decision in favor of a debt collector after the consumer appealed rulings denying his attempt to vacate a bank levy and default judgment as well as a motion for reconsideration. The background: The plaintiff filed a complaint against the defendant back in 2018, seeking to recover an outstanding balance of $871.10, plus costs.

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Debt collector Judgment Banks 130

On Guard

OCTOBER 15, 2024

Digitalisation and vulnerability are two sides of the same coin. When we lock our doors leaving the house but skip the 2FA setup to secure our digital assets, it’s time to “act the other way around” on security and start learning from the younger, said Adriaan Kom, Managing Director, Onguard, in an article posted on VCMB (Association of Credit Management Companies).

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Speaker: Don Gallianza, Credit Manager at Chevron Phillips Chemical and Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

Account Recovery

OCTOBER 15, 2024

For a long time, the joke has been that more and more consumers are getting their financial advice from social media platforms like TikTok. Now there is data to turn that joke into reality. Social media platforms have evolved from entertainment hubs into trusted sources of financial advice, especially for younger generations. The big picture: Algorithms are now at the forefront of financial literacy, directing millennials and Gen Z consumers to bite-sized financial education on platforms like Ti

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Credit Unions Credit Unions Retail Banks 130

Account Recovery

OCTOBER 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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