August, 2019

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VA Disability No Longer Income for Bankruptcy Means Test

Debt Free Colorado

House Resolution 2938, the Honoring American Veterans in Extreme Need Act of 2019 or the HAVEN Act, was written to “exempt from the calculation of monthly income certain benefits paid by the Department of Veterans Affairs and the Department of Defense” Previously, VA disability was counted toward total income under the bankruptcy means test.

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Helpful Tips to Improve Your Credit Team

C2C

You are already aware that a well-constructed credit team can improve the overall bottom line of your business. An efficient and effective credit team does not develop naturally. Understanding how to train internal personnel into a quality team will help. Read More » The post Helpful Tips to Improve Your Credit Team appeared first on C2C Resources Commercial Debt Collection Agency.

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How to Spot a Scam Call

Credit Management Company

According to industry research, nearly half of all cell phone calls in 2019 will be scam calls. As more Americans become aware of this problem, they become more likely to avoid any phone interaction involving money. For some debt collectors, this can be a big problem. While collecting medical debt is not a scam, many collectors are unaware that they behave in a way that's similar to scams.

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How to Recover Your Delinquent Accounts

Burt and Associates

Everyone, at some point in their life, has had money problems. But how you handle them affects your business’ cash flow. If you let your customer’s account go unpaid for long periods, the less of a chance there is to collect your money. There are different signs a company will need to look for when analyzing customer accounts. The signs include late payments, bounced checks, excuses, avoidance, and non-payments.

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Solve Your Firms Automation Complexities Once and For All

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.

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Pleading Fraudulent Transfers in the Wake of the U.S. Fifth Circuit’s Ruling In Life Partners Holding, Inc. v. Cowley

BN Lawyers

Introduction. Rule 9(b) of the Federal Rule of Civil Procedure imposes a heightened pleading standard in cases where the Plaintiff alleges fraud or mistake. Compared to Rule 8(a), which requires a “short and plain statement of the claim,” Rule 9(b) demands pleading the “circumstances” of fraud “with particularity.” In the Fifth Circuit, when the Rule 9(b) pleading standard applies, the complaint must contain factual allegations stating the “time, place, and contents of the fals

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Cue, Card: Change Your Business Card, for the Better

NCBA Law Practice Management Blog

Business cards are so lame. Yet, everybody carries one. Business cards are still the coin of the realm, even in this paperless age. Even so, everybody’s business card looks the same. Y’all went to Staples, too, right? But, in a massively competitive environment like that occupied by solo and small firm attorneys, it pays (literally) to access every possible advantage that you can.

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Using Annual Reports to Reduce Customer Risk

C2C

Utilizing a potential or existing customer’s annual financial report is a good way to gauge their potential risk before agreeing to sell on credit. There are many variables included in annual reports, some more significant than others. Being able to. Read More » The post Using Annual Reports to Reduce Customer Risk appeared first on C2C Resources Commercial Debt Collection Agency.

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School's In Session! Back to School Tips for Better Preparation.

Credit Management Company

School is back in session for the majority of kids, and this year the mission is to improve productivity and help prepare your kids to focus on themselves and get better grades. Getting back into a studious mindset after summer vacation can seem daunting, but there are steps people can take that help restore focus and improve energy. The following are five tips that students and families of all ages can use to make the most of the upcoming school year. 1.

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Tax Debt Collection and You

Burt and Associates

In the past, the Internal Revenue Service (IRS) has failed to turn their debts over to private debt collectors successfully. In 2017, the Fair Debt Collection Practices Act was passed, trying yet again. There have been many complaints from taxpayers about how those private companies go about collecting debts. Pioneer Credit Company is one of the main agencies that has many complaints against it.

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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

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.

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Comment on Thank you by Alexandra Walters

Arbeit Software

Thanks.

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Letters Demanding Payment Did Not Overshadow Validation Period

Consumer Financial Services Law

By: Zachary K. Dunn A debt collection agency did not violate § 1692g(b)’s 30-day validation period by sending two letters demanding payment and offering settlement terms during that period, a district court in Illinois has ruled. In Moreno v. AFNI, Inc. , 2019 U.S. Dist. LEXIS 107654 (N.D. Ill June 27, 2019), Mr. Moreno’s past due account with DirectTV was placed with the defendant, AFNI, Inc., for collection.

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Net Loss: Law Firms Have Really Poor Net Promoter Scores

NCBA Law Practice Management Blog

Did you know that law firms have a really poor not promoter score? Wait, wait. Let’s backtrack for a second. Do you know what a ‘net promoter score’ is ? Essentially, it’s a KPI (key performance indicator), that attempts to determine how likely your clients are to recommend you. The higher your net promotor score, the more likely your clients are to recommend you.

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Evaluating Credit Performance Using Metrics

C2C

Gauging your credit team’s performance is a good way to make improvements to your overall credit process. Many companies struggle in identifying useful metrics to assess their overall performance. When relevant metrics are utilized, the collection process bottlenecks can be. Read More » The post Evaluating Credit Performance Using Metrics appeared first on C2C Resources Commercial Debt Collection Agency.

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How Collection Agencies Minimize Effort and Maximize Results with the Right Software

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.

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Is there a Debt Collection Agency Near Me?

Taurus Collect

We have heard this question many times over the years, and the truth is if you are asking yourself if there is a debt collection agency near me in the UK, then its not always the case that they need to be located in your home town. We operate nationwide, and help all types of businesses collect debts for all sorts of business transactions. Most of our tactics involve writing to the debtor, discussing debts on the telephone, and resolving late payment of invoices by email.

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2019 Fair Debt Collection Practices Act

Burt and Associates

The Federal Trade Commission (FTC) is the nation’s consumer protection agency. The FTC works to prevent fraudulent, deceptive and unfair business practices in the marketplace. For your information is available the 2019 Fair Debt Collection Practices Act. FDCPA 2019.

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Is It Time to Hire a Debt Collection Agency?

Credits Inc

Americans seem to be struggling with debt more than ever. Between student loans, unpaid medical bills, and other financial woes, it's no surprise that roughly 70 million Americans were contacted about debts or were pursued by debt collection services between 2016 and 2017. But while you might be sympathetic to their struggle, the reality is that you, as a business owner, need to pay. your. bills, too.

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Net Benefit: How to Improve Your Law Firm’s Net Promoter Score

NCBA Law Practice Management Blog

Last week in this space, we addressed the fact that law firms have really low net promoter score s, with an NPS equal to about the average airline provider. As we discussed, that means that your clients like you about as much as they like Spirit Airlines. You can do better. Fi guring out your net promoter score is step one. Step two is improving your net promoter score.

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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

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.

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Fresh Start: Three Things to Do Before You Start a Law Firm

NCBA Law Practice Management Blog

Lawyers start their own law firms for any number of reasons. There isn’t a wrong one. Despite that, most lawyers starting law firms tend to make the same mistakes. So, if it’s time for you to start your own law firm, good for you. And, these are three things you should figure out now, so you don’t get caught short resolving them later. Create a Niche.

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Flatlining: How to Immediately Reduce Your Law Firm Overhead

NCBA Law Practice Management Blog

If you haven’t examined your budget lately, I bet I can nevertheless predict how you can eliminate a good deal of your overhead. And, it’s a pretty simple solution: Convert to cloud services wherever you can. Look, nothing blows up a law firm budget like an unexpected technology expense. And, one of the biggest big ticket expenses is replacing a busted server.

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Mississippi

Burt and Associates

In Mississippi, no pre-lien notices are required. Mechanic’s lien laws specifically include engineers as long as actual work is underway. A lien must be filed within 12 months from when unpaid fees were due. A Stop Notice for subcontractors is also available to freeze funds the owner may still have. Mississippi Code Title 85 Chapter 7 §131. State exemption statute and 11 USCS § 522(f) must be applied together, thus, debtors seeking to avoid nonpurchase-money security interests under 11 USCS § 52

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Fast Forward: Prepare Now to Make Money Later

NCBA Law Practice Management Blog

Lawyers are often so head - down on substantive work that they spend very little time considering their ‘ sales cycle ’, which every business has. Whereas software companies consider metrics like ‘ cost of acquisition ’, law firms merely send out cadres of attorneys to network, with the fervent hope that that activity generates business, at some undetermined point in the future.

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When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

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.