Debt Guru
APRIL 12, 2020
Payday [p?-?d?]: A great day that most of us regard fondly. Payday loan [p?-?d? ?l?n]: A financially detrimental debt arrangement that only benefits the lender. There’s a huge difference between these two terms. Unfortunately, while the former is pretty straightforward, there’s a lot of confusion surrounding the latter – something that shady or disreputable lenders use to their advantage.
Qualco
APRIL 10, 2020
Effective team communication is always important, but it is now more challenging as most of the people work from home to reduce potential exposure to coronavirus. The move to virtual working felt like a simple answer to a complex problem. However, physical isolation if not managed appropriately, will have unintended consequences, like decreased moral & reduced productivity.
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Prosperity Now
APRIL 29, 2020
When we began the Health & Wealth Network at Prosperity Now, we wanted to center financial well-being as a core
Debt Recoveries
APRIL 14, 2020
Whilst the world deals with the COVID-19 pandemic and the financial flow on effects, it will be of particular importance to understand a debtors financial position and. The key to any successful recovery, especially one via arrangement is to work with the debtor, not against them. You need to let them know you working towards a mutually beneficial solution to resolve the debt.
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.
C2C
APRIL 3, 2020
Obviously, there is a lot in the news in regards to the CARES Act and how it applies to small businesses. If you are still wondering if you qualify and how to apply for aid, we recommend going to the. Read More » The post Something to Consider with Payroll Protection Loans appeared first on C2C Resources Commercial Debt Collection Agency.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
The Kaplan Group
APRIL 27, 2020
Negotiations are a large part of any collections business, and empathy is at the heart of every negotiation. Empathy means being able to see and understand someone else’s point of view and needs. So, while I may want to collect as much of the money owed to my client as possible, I also need to understand that the debtor wants to keep his business open.
Debt Guru
APRIL 24, 2020
According to a Gallup Poll from August 2019, only 2 out of 10 American adults reported regularly doing their weekly grocery shopping online. Since then, due to necessity, many more of us are looking for alternative ways to access food and other basic needs by utilizing these services – but likely suffering the sticker shock of marked-up prices and extra fees that go along with the convenience.
The McHughes Law Firm
APRIL 30, 2020
Alternative Payment Methods. In light of the global effects of COVID-19 and for any future issues that may result in the closing of our office to the public, we have outline several methods of alternative payment that involve less social interaction, and, therefore, less risk of further spreading of COVID-19. In person payments and even payments by mail include greater risks than our online and phone payment options.
Debt Recoveries
APRIL 2, 2020
The COVID-19 has taken the world by surprise and we at Debt Recoveries Australia and ADC Legal wanted to share some our top 10 credit control tasks you can complete before you send the debt to a debt collector. Follow this guide and set yourself up with a reputable debt recovery agent now, and have yourself prepared for business post COVID-19. Prevention.
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.
Receivables Control
APRIL 24, 2020
America is roughly six weeks into unprecedented challenges and we are seeing light on the other side. The mitigation and prevention efforts seem to have slowed the progress of the virus. Thankfully, this has led to significantly fewer hospitalizations and fatalities than was predicted just a few short weeks ago. This has brought us to the point where we can start thinking about the other side; relaxing some of the restrictions required to beat back the virus.
McLane
APRIL 30, 2020
Many museums, hospitals, private schools, colleges, summer camps, and other non-profits were already facing economic challenges before the pandemic and now confront even greater financial stress. Some may not survive. When a non-profit is no longer able to carry out its charitable mission, difficult legal issues can arise with regard to the disposition of its campus, endowment, and assets gifted by benefactors for special purposes.
The Kaplan Group
APRIL 8, 2020
During this difficult time, protecting your health and the health of your family is the most important task. Of course, the health of your business is critical as well. The Covid-19 crisis will end. W hen it does, you want your business to be in as good a shape as possible. Keeping your business running and healthy might seem difficult in these days of forced closures.
Micro Bilt
APRIL 29, 2020
Application programming interfaces enable software to interact with other systems to support complex functions. How do consumer lenders use this technology?
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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.
NCBA Law Practice Management Blog
APRIL 28, 2020
Law firms that require paper-based signatures are committed to in-person meetings ; b ut, th ose may not always be feasible. In some cases, the decision is out of the lawyers’ hands, for example: during a personal, national or global disaster. Of course, there are ot her reasons why your law firm may want to utilize esignatures. Not requiring a physical signature likely means that you can add new clients faster , because you won’t have to set up an on-person meeting to do it.
Debt Recoveries
APRIL 28, 2020
Recently we have been focussing on how to reduce your credit risks, promote cash flow deal with debtors during the COVID-19 crisis. However it remains a possibility that with some debtors, legal action may be the only the only course of action to secure your recovery. The courts are open and operating on reduced or amended schedules during this time, and most importantly, your rights to be repaid for monies owed have not changed so it is important you assess all options available to you.
Luftman, Heck & Associates.
APRIL 28, 2020
There’s a lot of confusion around about whether or not you can be evicted for not paying rent during COVID-19. In Ohio, you must keep paying rent. If you fail to pay rent in April or May and are unable to catch up quickly, your landlord can still try to evict you. Ohio hasn’t formally stopped evictions and foreclosures during the COVID-19 pandemic, though your local jurisdiction might delay the Read More.
Titan Consulting
APRIL 26, 2020
Key Takeaways. Delayed payments are not forgiven payments. Pausing bills can lead to massive balances due when payments restart. Suspending rent payments die to COVID-19 may put you at risk for foreclosure if you can’t make up your deferred payments all at once. Accepting a forbearance on your mortgage may require a balloon payment of all deferred payments 3-5 months later, or a mortgage modification in order to add payments to the end of your mortgage.
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.
Direct Recovery
APRIL 24, 2020
There is nothing easy when it comes to debt collection, but one of the most difficult things for any collector to do is get debtors on the phone, especially if those collectors are following all of the rules and regulations that apply to collection calls. However, some of the best debt collectors in the country have found that there are some simple things that anyone can do in order to greatly increase the rates at which they are able to catch debtors over the phone, which almost always leads to
Micro Bilt
APRIL 27, 2020
A landlord or property manager has open space they wish to fill. Their property is safe, clean, and located within a well-manicured neighborhood, so they’ll want to contract with a tenant who is honest and will take care of the property.
JMA
APRIL 23, 2020
One of the responsibilities of a business owner is to be able to make successful transactions with potential customers, but before closing the deal, it is important that you know how to set up trading terms and conditions. This is often one of the least talked about aspects of owning a business. Sometimes some tasks, Read more » The post How to Set Up Trading Terms and Conditions appeared first on JMA Credit Control.
Arbeit Software
APRIL 23, 2020
Greg Ruffino , Director of Training, shares how Williams and Fudge is responding to and keeping collectors connected & engaged throughout the novel coronavirus (COVID-19) pandemic.
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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.
NCBA Law Practice Management Blog
APRIL 21, 2020
As ‘social distancing’ has now become part of the American lexicon, it will never be ‘business as usual’ again for law firms. Everything you did in-perso n before, you now need to be able to do virtually, as well. Since law firms have thrived on traditional business models, built on handshakes and in-person meetings, that can be a difficult conversion; but, it’s not impossible.
Titan Consulting
APRIL 19, 2020
Key Takeaways. Company-sponsored insurance policies typically end at the termination of employment. It is often possible to transfer group life insurance coverage to a personal plan. Regaining health insurance could mean extending the corporate plan, buying an individual policy, or relying on government insurance programs. In the last two weeks of March , 10 million people lost their jobs.
Direct Recovery
APRIL 20, 2020
Are you tired of feeling like you are constantly drowning in debt? Fed up with robbing from Peter to pay Paul while avoiding collection calls from all of those other creditors? Struggling with debt is a massive problem that consumers are dealing with across the country, but you don’t have to live like that anymore. You have the power to break the cycle.
Micro Bilt
APRIL 23, 2020
The ongoing pandemic has forced the U.S. government to look for increasing methods to get money into the hands of business owners.
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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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