Account Recovery

JULY 30, 2021

The Consumer Financial Protection Bureau announced today that Regulation F will go into effect on November 30 as originally planned and will not delay the effective date of the rule until January 2022. “The CFPB has now determined that such an extension is unnecessary,” it said in a press release. “Following this announcement, the CFPB … The post CFPB Announces Nov. 30 Effective Date For Regulation F appeared first on AccountsRecovery.net.

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Enterprise Recovery

JULY 23, 2021

As if we needed another reason to cheer for Team USA, CEOWORLD Magazine's Entrepreneurship Index for 2021 ranks the United States as the world's most entrepreneurial country. With Forbes magazine noting that nearly all the American billionaires are self-made and a 13-year high in the number of Americans starting their own businesses, the pandemic seems to have inspired new entrepreneurs.

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American Profit Recovery

JULY 9, 2021

Do you know the truth about debt collectors? Do you feel you know what a collector does? Oftentimes we find that many people are unaware of certain facts about the collection industry and are even surprised when they learn more about the industry and the people that represent that industry. But don’t worry, we are here to tell you some of the things you may not be aware of when it comes to the collection industry.

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Debt collector Collections Collection Agencies Collections Agency 238

Nerd Wallet

JULY 27, 2021

Exploring local and national first-time home buyer assistance programs is an important step in the journey to homeownership. Many state housing authorities combine closing cost and down payment assistance programs with mortgages that have favorable interest rates. Some states even offer tax credits you can use on your federal tax return. These first-time home buyer assistance.

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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.

Nexa Collect

JULY 13, 2021

Construction equipment companies have an ongoing requirement for debt collection from businesses (and sometimes individuals) who do not pay the agreed-upon rental dues on time. Dealers of heavy construction equipment, like Bobcat , Kubota Center, and John Deere , forward accounts to a collection agency after their own reminders and requests to pay have failed.

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Collection Agencies Collections Agency Construction Collections 130

Account Recovery

JULY 30, 2021

A District Court judge in Washington has mostly denied a defendant’s motion to dismiss — she did grant it on one count of the claim — in a Fair Debt Collection Practices Act case in which the debt collector was accused of attempting to collect a debt that the plaintiff claimed she did not owe. … The post WDWA Judge Partially Denies MTD in FDCPA Case Over Amount of Debt appeared first on AccountsRecovery.net.

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Fair Debt Collection Debt collector Collections 246

Enterprise Recovery

JULY 30, 2021

If you've been putting off the headache of collections, you've likely also been asking, "how can I improve my cash flow?" The two go hand-in-hand. When you're not following up on invoices that are getting older, your chances of collecting on them go down. That means you're working for no pay and that's no good. Instead, use these B2B collections steps to convert aging receivables and improve cash flow.

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Collections 243

American Profit Recovery

JULY 5, 2021

While there may be many unknowns when running a small or large business, one thing we know for sure is that late-paying customers and clients are part of operating any size business. If you have clients, there will be a percentage of them that will either pay late or in some cases not pay at all. Before we get into some of our tips for dealing with customers that do not pay, we would love to offer you some sound advice as you navigate this part of your business.

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Collection Agencies Collections Agency Collections 225

Nerd Wallet

JULY 26, 2021

With COVID-19 shutdowns easing across the country, many Americans are finding themselves in a time of transition. If you’re switching jobs, working on your health or trying to pay off a debt, a short-term life insurance policy could cover you until your situation changes. How does short-term life insurance work? There are two types of. Katia Iervasi writes for NerdWallet.

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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

Nexa Collect

JULY 10, 2021

For those health care practitioners who want to reap the benefits of automating their account receivable (AR) processes, we offer here a few tips on how to make this transition from paper invoices and bills to streamlined digital AR functions and operations. Manual AR still constitutes an expensive financial loss for some providers, and while they may want to change things, many don’t know where to start.

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Banks Collections 130

Consumer Finance

JULY 13, 2021

The Consumer Financial Protection Bureau (CFPB) and the Federal Deposit Insurance Corporation (FDIC) today announced the joint release of an enhanced version of the award-winning financial education curriculum, Money Smart for Older Adults. The enhanced version includes a new section to help people avoid “romance scams” and an updated resource guide.

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Education 113

Account Recovery

JULY 30, 2021

LAS VEGAS — More sights and sounds from ACA International’s Annual Convention, including a poll about remote work, an update on the industry’s lawsuit attempting to fight back against a medical debt collection law in Nevada, a tip on collectors’ commissions, and tips to deal with consumer lawsuits during the pandemic. Most Attendees Want Employees … The post Remote Work, SB248 Lawsuit, and More Discussed During Day 2 of ACA’s Convention appeared first on Accou

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Collections 246

Enterprise Recovery

JULY 9, 2021

If your business sends invoices or bills on credit or at recurring intervals, you likely have customers who pay late or not at all. Delinquent customer accounts can affect everything from paying business expenses to destroying business relationships. Customers may be paying late due to a number of reasons, including lost invoices, expired credit cards, or the inability to pay.

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Collection Agencies Collections Agency Collections 242

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Collection Agencies

American Profit Recovery

JULY 30, 2021

We are often asked the question of whether working in the collection industry is a smart career choice. Our answer is simple, and it is an affirmative yes! And there is no better evidence than earning a spot on the Best Collection Agencies to Work For list for 14 straight years now. The program is led by the independent InsideARM publication and the Best Companies Group.

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Collection Agencies Collections Agency Collections Manufacturing 157

Nerd Wallet

JULY 22, 2021

Job opportunities for children are limited, but not impossible to find. Sure, the minimum working age in the United States is 14, and some states may have a higher minimum employment age. However, there are certain exceptions, plus other ways besides traditional employment to make a few quick bucks. Need some ideas? Here are nine. Lauren Schwahn writes for NerdWallet.

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Nexa Collect

JULY 1, 2021

With so many people moving all across America, storage and moving companies are in huge demand. However, many customers do not pay on time, leaving the storage unit’s rent overdue by many months. Most customers who do not pay their dues know that the value of goods inside the storage unit is not worth paying the accrued rent, plus the additional expenses and effort to transfer the goods.

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Collection Agencies Collections Agency Collections Debt collector 130

Sawin & Shea

JULY 28, 2021

It’s tempting to believe that filing for bankruptcy is like having a magical wizard wave his wand to make all of your problems disappear. Unfortunately, this isn’t exactly the case. You need to know exactly which debts can be discharged and which debts can’t as you begin the process. Bankruptcy isn’t rare in the Hoosier state; Indiana has the 7th highest percentage of bankruptcies in the United States, based on population: 22,748 in 2019, or 3.38 per every 1,000 people.

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Speaker: Erika R. Bales, Esq.

When we talk about “compliance and security," most companies want to ensure that steps are being taken to protect what they value most – people, data, real or personal property, intellectual property, digital assets, or any other number of other things - and it’s more important than ever that safeguards are in place. Let’s step back and focus on the idea that no matter how complicated the compliance and security regime, it should be able to be distilled down to a checklist.

Account Recovery

JULY 30, 2021

REMOTE WORK, SB248 LAWSUIT, AND MORE DISCUSSED DURING DAY 2 OF ACA’S CONVENTION LAS VEGAS — More sights and sounds from ACA International’s Annual Convention, including a poll about remote work, an update on the industry’s lawsuit attempting to fight back against a medical debt collection law in Nevada, a tip on collectors’ commissions, and … The post Daily Digest – July 30.

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Collections 246

Enterprise Recovery

JULY 19, 2021

As global markets reopen, inflation is causing corporations of all sizes to reexamine their rates. Supply chains are being affected by higher costs and increased demand for raw materials and labor. According to economists, the inflated costs aren't expected to abate until well into 2022, cutting into profit margins. CEOs are saying that higher costs will last longer than that.

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Consumer Finance

JULY 29, 2021

The Consumer Financial Protection Bureau (CFPB) today announced that two final rules issued under the Fair Debt Collection Practices Act (FDCPA) will take effect as planned, on November 30, 2021.

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Fair Debt Collection Collections 102

Nerd Wallet

JULY 12, 2021

Hey, internet: Remember millennials? Many of us have graduated from our lattes and leisurely brunches to become parents with jobs, car loans and perhaps even a mortgage. On our road to adulthood, we’ve experienced two global crises — a recession and a pandemic. Many of us are also still carrying mountains of student debt. These. Amrita Jayakumar writes for NerdWallet.

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Loans 138

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Collections

Collect More

JULY 27, 2021

Everywhere I go, everyone I talk to, every business that I help I recite my mantra: “What is the absolute most you can pay today?” These 9 words are the reason we collect millions of dollars every year and teach others to do the same. Most people have the same limited mindset- full amount or zero. Everything or nothing. Almost nobody thinks about that enormous middle section- part payments.

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Collections 100

Sawin & Shea

JULY 21, 2021

Now that summer’s here, it’s time to jumpstart your summer vacation planning. An important component, of course, is budgeting. You deserve a break, but just make sure you don’t break the bank. Below are some guidelines and considerations for keeping the cost of your summer vacation low while still having a great time for yourself and for the whole family.

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Banks Bankruptcy 105

Account Recovery

JULY 30, 2021

Debexpert, an online platform for buying and selling NPLs (Non-Performing Loans), has launched the world’s first mobile app for debt portfolio sellers. The Debexpert app, which is available for Android and iOS mobile devices, implements the basic functionality of the online auction familiar to users of the desktop version. Now, you can monitor and take … The post Debexpert Launches the World’s First Mobile App for Delinquent Debt Sellers appeared first on AccountsRecovery.net.

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Loans 246

Enterprise Recovery

JULY 2, 2021

When hiring someone to manage accounts receivable and collections, you're effectively putting your business in their hands. Think about it. If you need to ensure payroll and other business expenses are paid, you need working capital. The best way to gain working capital is to improve DSO ( days sales outstanding ) or the amount of time it takes to collect from credit sales.

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Collections Collection Agencies Collections Agency 157

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For finance teams using Salesforce’s powerful CRM technology, automation can transform accounts receivable processes, driving efficiency and delivering measurable results like cost savings, reduced customer churn, and lower DSO.

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