American Profit Recovery

JUNE 6, 2024

By Greg: We’re a little less than two weeks away from our Annual Employee Week and I am so looking forward to it. This is a week we all look forward to. It is a chance for the ownership team to show their thanks for all our hard work, and for us all to spend some fun time together in and out of the office. We will be kicking off the week with a picnic on Monday night, an evening of bowling on Tuesday, and a trip to an Escape Room on Wednesday.

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Account Recovery

JUNE 6, 2024

Getting to Know Lynne Vellucci of Certified Solutions NJ Appeals Court Affirms Dismissal of Hunstein Suit Navient Program to Cancel Student Loan Debt Gets Put in Spotlight Consumers, Advocates to Get Say in CFPB’s Open Banking Standard Capio Launches Recoveri: A Revolutionary Approach to Medical Debt Resolution WORTH NOTING: A woman is claiming to be […]

Student loans 147

Student loans Student Loans Banks Loans 147

Enterprise Recovery

JUNE 6, 2024

Credit managers can help your business by ensuring the smooth functioning of credit operations. They are responsible for assessing the creditworthiness of potential clients and managing credit limits to prevent late payments and minimize financial risks. They also play a vital role in collecting accounts receivable and bad debt. By understanding the role of a credit manager in your business, you can effectively utilize their expertise to optimize cash flow and maintain a healthy financial positi

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Credit Management Creditworthiness Collections 130

Account Recovery

JUNE 6, 2024

For those in the credit and collection industry, the portrayal of companies often leans towards the negative. However, a recent development covered by The New York Times highlights a significant, albeit under-publicized, initiative by Navient that offers a lifeline to borrowers with private student loans.

Student loans 147

Student loans Student Loans Loans Collections 147

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.

UK debt collections

JUNE 6, 2024

A Scottish man who decided to recklessly act as a unlicensed Debt Collector recovering a business debt, has been punished in the courts for his unlawful actions. The man banged on a customers door and shouted threats in the middle of the night over an unpaid business debt. The unpaid business debt is believed to have been owed to the mans employer. Christopher Bett, 34, of Cardenden, appeared for sentencing at Dunfermline Sheriff Court.

Debt collector 101

Debt collector Collections Collection Agencies Collections Agency 101

FFGN COLLECT NY

JUNE 6, 2024

In debt collection, speed matters. To ensure quick success in obtaining a debt collection judgment, all settlement agreements should have a default provision. A judgment clerk can enter judgment on default, without obtaining a court order, when the creditor has set forth and supported with documentary evidence a claim for a liquidated amount. The claim for the liquidated amount or sum certain should be in the initial pleadings filed with the court.

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Collections Judgment Debtor Creditors 52

Account Recovery

JUNE 6, 2024

LAWRENCEVILLE, Ga., June 5, 2024 — Capio, the leading purchaser of non-performing healthcare assets, is proud to announce Recoveri – an innovative new servicing agency focused on consumer financial wellness and affordability. Recoveri represents Capio’s continued focus on compassionate financial solutions and will not report medical debt to credit agencies.

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Healthcare 130

Collection Industry News

JUNE 6, 2024

In its first case under the Impersonation Rule, the Federal Trade Commission has stopped a student loan debt relief scheme that bilked more than $20.3 million from consumers seeking debt relief by pretending to be affiliated with the Department of Education. A federal court temporarily halted the scheme and froze its assets- at the request of the FTC, which seeks to end the defendants’ deceptive practices.

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Student loans Student Loans Loans Education 40

Account Recovery

JUNE 6, 2024

The Appellate Division of the Superior Court of New Jersey has upheld the dismissal of a Fair Debt Collection Practices Act case — a Hunstein one — ruling that there was nothing associated with the defendant’s use of a third-party vendor to print and mail a collection letter that was “abusive, deceptive or unfair” under […]

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Fair Debt Collection Collections 130

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

Banks

Account Recovery

JUNE 6, 2024

The Consumer Financial Protection Bureau has finalized a rule that outlines the qualifications for becoming a recognized standard-setting body. These bodies will play a crucial role in helping companies comply with the upcoming Personal Financial Data Rights Rule.

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Banks 130