American Profit Recovery

OCTOBER 18, 2023

For any size business, maintaining healthy cash flow is essential for survival and growth. For many organizations, managing overdue invoices and recovering outstanding debts can be a challenging and time-consuming task. This is where Business-to-Business (B2B) collection agencies come into play. However, the relationship between a collection agency, its clients, and their customers can be delicate.

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Collection Agencies Collections Agency Collections Manufacturing 213

On Guard

OCTOBER 19, 2023

Credit management has undergone a significant transformation in recent years. Whereas credit management was previously seen as the back office’s grab-can, today it is an essential part of an organisation’s financial strategy. In the process, the challenges posed by COVID-19, persistent inflation and rising interest rates also require a different, more proactive and sophisticated approach.

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Credit Management Creditworthiness Collections 52

JMA

OCTOBER 20, 2023

Dealing with business debt is a challenging facet of many Australian companies’ financial landscapes. While debt can be an essential tool for growth, outstanding debts can constrain operations and hinder potential expansion. In Australia, professional debt collectors and debt collection agencies offer tailored services to assist creditors in recovering overdue accounts and managing bad debts.

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Collections Debt collector Collection Agencies Collections Agency 52

Consumer Finance

OCTOBER 11, 2023

The Consumer Financial Protection Bureau (CFPB) and Justice Department today issued a joint statement that reminds financial institutions that all credit applicants are protected from discrimination on the basis of their national origin, race, and other characteristics covered by the Equal Credit Opportunity Act, regardless of their immigration status.

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Financial Institution 145

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

OCTOBER 6, 2023

A pair of defendants were found guilty yesterday by a federal jury after being accused of wire fraud and conspiracy to commit wire fraud and mail fraud in a scheme where they scammed individuals with a bogus system that purportedly would get their consumer debts, like credit cards, auto loans, and mortgages, discharged without having […]

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Loans 246

American Profit Recovery

OCTOBER 20, 2023

While many organizations hesitate to implement collection activity, there are an equal amount that may jump into it before they have done their due diligence. Following solid and systematic accounts receivables processes can help lay the groundwork for successful debt collections when necessary. And it may just help you keep a hard earned customer. If you want to manage your late invoices and your reputation at the same time, make sure you’re doing the following before proceeding with thir

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Collections Collection Agencies Collections Agency Fair Debt Collection 191

Jimerson Firm

OCTOBER 27, 2023

Getting Your Deposition Taken The thought of sitting for a deposition, whether you’re a litigant or a third-party witness, can be quite daunting, especially if you’ve never been through the process before. Keep in mind, however, that a deposition is simply part of the fact-finding process. The purpose of a deposition is for the deposing attorney to learn facts about the case.

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Prosperity Now

OCTOBER 24, 2023

Crisis Assistance Ministry has been a long-time Prosperity Now partner working to close the racial wealth gap in Charlotte, North Carolina. We interviewed Bonnie Tiernan, the organization’s Civic Engagement Manager to learn more about the organization, its successes, and challenges. Tell us some background about yourself – how did you get started with your organization?

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Consumer Finance

OCTOBER 24, 2023

The Consumer Financial Protection Bureau (CFPB) today released its biennial report to Congress on the consumer credit card market.

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Consumer Credit 145

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

OCTOBER 20, 2023

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?

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Qualco

OCTOBER 18, 2023

What is Business Process Automation Business Process Automation (BPA) has been on an upward trend, rapidly transitioning from a mere direction to an absolute business necessity. Designed to speed up recurring, manual, and complex tasks, BPA enhances efficiency and empowers organisations to seamlessly streamline processes, from employee onboarding to accounts payable, contract management, and beyond.

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Credit Corp

OCTOBER 16, 2023

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Disclosure regarding our editorial content standards. Debt collectors send debt validation letters show what debts you owe, the amount, and to whome you owe it to.

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Debt collector Creditors Original Creditor Lender 105

Collect More

OCTOBER 22, 2023

The default approach for many people chasing money is the guilt-trip. Crying poor. Basically pleading for the money and explaining why you need it so badly. This is the worst thing you can do. There’s no doubt there is a time and a place for a guilt trip but it should never be at your expense. “I would never do this to you” is fine. “Because of you I can’t pay my rent” is not.

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Navigating collections in the dynamic financial landscape presents multifaceted challenges. Organizations face pressures to maintain standards alongside software challenges like regulatory adaptations, data integration, security, workflow optimization, and automation. Finding the right software can save time and money. BEAM offers a comprehensive solution with specialized modules to streamline debt collection effortlessly.

Collection Agencies

Prosperity Now

OCTOBER 22, 2023

This past September, we and 200+ of our favorite tax pros took over the City of Bridges (Pittsburgh, PA) for VITACon’23. After three days of talking nothin’ but taxes, the conference is in the books; however, the work is just beginning.

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Consumer Finance

OCTOBER 11, 2023

The CFPB and Federal Trade Commission took action against a rental screening subsidiary of the TransUnion conglomerate.

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Trade 145

Account Recovery

OCTOBER 19, 2023

A District Court judge in Kentucky has granted a defendant’s motion for summary judgment and denied a plaintiff’s motion for the same in a Fair Debt Collection Practices Act case that centers around the Date of First Delinquency and its materiality in inducing the plaintiff to pay off the debt in question.

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Fair Debt Collection Judgment Collections 246

Qualco

OCTOBER 18, 2023

NPL Management: A 5-Step Roadmap to Strategic Success is the latest e-Guide to be published by Qualco UK. You can view it here. In today's regulatory environment, when it comes to collecting overdue accounts, the clear, overarching message is that the customer must be treated fairly and ethically. However, in a small number of credit businesses, the right strategies for systems and people have not been set.

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Credit Management Creditors Government Collections 100

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.

Credit Corp

OCTOBER 5, 2023

Snapshot: This OpenSky Secured Visa credit card offers a way for those with poor or no credit to build credit. It has a fairly low annual fee ($35 ) and is simple to qualify for, making it an affordable way to enter into the credit card market for younger adults. OpenSky® Secured Visa® Credit Card Apply Now on OpenSky's secure website Card Details Intro Apr: N/A Ongoing Apr: 22.64% (variable) Balance Transfer: N/A Annual Fee: $35 Credit Needed: Fair-Poor-Bad-No Credit Snapshot of Card Features N

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PDC Flow

OCTOBER 25, 2023

Have you ever used mail merge to send out lots of personalized emails at once? Now you can send bulk messages with Flow from the PDCflow app instead. Send out thousands of secure communications and payment requests at one time. Do you have a list of customers who all need your company’s updated terms? Or does your company policy for 2024 need to be sent out to all your organization’s employees?

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Collection Agencies Collections Agency Collections 81

True Accord

OCTOBER 10, 2023

We’re approaching the end of the year and fall is in the air – along with consumer financial uncertainty. Economic stressors persist and are likely contributing to many consumers relying on credit to cover expenses, while the resumption of student loan payments adds another financial obligation to the mix. For consumers, the conundrum of balancing finances continues as the holiday spending season sneaks up.

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Student loans Student Loans Loans Personal loans 82

Consumer Finance

OCTOBER 10, 2023

The Consumer Financial Protection Bureau (CFPB) released a special edition of its Supervisory Highlights focused on the agency’s efforts to shutdown junk fees.

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Banks Loans Financial services 145

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Are you finding some snags in your collections process? With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.

Collections

Account Recovery

OCTOBER 24, 2023

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?

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Qualco

OCTOBER 25, 2023

Modern organisations harness technology to gain insights and foster stronger relationships throughout the credit lifecycle. For instance, Big Data Analytics allows for more precise risk assessments by analysing vast amounts of data on borrower information. Artificial Intelligence and Machine Learning automate credit scoring, making loan approvals swifter and more accurate.

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Credit Management Debt Recovery Retail Banks 98

Credit Corp

OCTOBER 31, 2023

Snapshot: The Secured Chime Credit Builder Visa® Credit Card 1 doesn’t have interest 4 or an annual fee, which makes it a great credit-building 2 option. You’ll have to open a Chime checking account and receive a qualifying direct deposit in order to apply. Pros Cons No annual fee. You can’t apply without a Chime checking account. No interest 4 You have to secure your credit limit with a deposit.

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Collateral Credit Card Debt Banks Lender 104

PDC Flow

OCTOBER 17, 2023

Embedded payment technology provides the perfect channel to streamline business operations and enhance the customer experience. In this guide, learn how adopting embedded payments can be transformative for your business. What are Embedded Payments? Embedded payment systems should be available anywhere hassle-free transactions could enhance your company’s user experience.

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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.

Collections