February, 2021

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Thinking Outside the Inbox: Email Tips

NCBA Law Practice Management Blog

Email drives business; yet, it also drives most of us crazy. If this is the year you want to take control of your email, here are some steps you can take: -Consider using a non-email program for in-office communications, like Slack. This will mean that your inbox can become ‘ mission-critical ’ , where you receive only messages from clients and colleagues, while you r staff and associate messages filter to another media.

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Debt Collection Fintech InDebted Completes Acquisition to Enter the U.S. Market & Announces Key Executive Hires

Account Recovery

Sydney, Australia – 8th February, 2021 – InDebted, the Sydney headquartered fintech that specializes in digital debt collection for unsecured consumer debt, today announced that it has acquired Delta Outsource Group Inc. (Delta) in the USA to launch its product and service into the American market, and hired three key executives to help globally scale … The post Debt Collection Fintech InDebted Completes Acquisition to Enter the U.S.

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Why Financial Productivity Begins with a Positive Mindset

Credit Corp

The following is a guest post by Orion Talmay, of Orion’s Method. Dealing with finances can be stressful and leave you feeling overwhelmed. It’s all too easy to ignore mounting debts or believe you’ll never save up a significant amount of money. But taking control of your life and changing the way you think can make a huge difference. We take a look at why financial productivity begins with a positive mindset.

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When is a Startup Considered a Real Business?

Enterprise Recovery

Defining 'startup' isn't as simple as it would seem. To some, your business is no longer a startup when you begin turning a profit. To others, 'startup' is a state of mind, like always chasing or hustling to push out new ideas. If your company has been calling itself a 'startup', what have you determined pushes you past that startup idea? When is a startup considered a real business?

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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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5 Ways to Trim Your Tax-Prep Costs This Year

Nerd Wallet

As millions of Americans embark on the annual ritual of tax preparation this year, many will buy tax software or hire human tax preparers — and it probably won’t be cheap. Tax software can easily run $100 or more for many people, and human tax pros charge $203 on average to do a tax return, Tina Orem writes for NerdWallet. Email: torem@nerdwallet.com.

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Heading to Vegas

American Profit Recovery

By Angela: At American Profit Recovery we do more than collect money for our clients. We have fun together, raise money together and work hard together. As the years go on one thing always remains the same, our employees look forward to our annual “Employee Week”. During this week we raise money for Summer Charities of Choice and Adopt a Family and have a lot of fun doing this.

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NCLC Report Spotlights Growing Problem of Unpaid Utility Debts

Account Recovery

A big bill is coming due soon for a lot of people across the country who are likely to end up hearing from debt collectors but are probably not going to be able to repay the debt, according to a report from the National Consumer Law Center. The NCLC’s report did a deep-dive into the … The post NCLC Report Spotlights Growing Problem of Unpaid Utility Debts appeared first on AccountsRecovery.net.

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Cost Segregation Study: Claim Faster Property Depreciation in Your Taxes

Nexa Collect

Businesses that thrive are the ones who go after every opportunity and advantage they can acquire in order to improve their cash flow and secure their working capital. ‘ Fortune favors the bold ’, and in business, you’ve got to explore beyond your comfort zone in order to hunt bigger rewards and add them to your bottom-line. You may have heard of cost segregation studies as a property owner’s way to tax benefits, but while the overall idea is appealing, the complex process and the prospect of in

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How Long Can a Collection Agency Attempt to Collect Business Debts?

Enterprise Recovery

If your business has sent bad debt accounts off to a collections agency, you likely have questions about recovering that debt. Typically, commercial collections agencies only charge a fee if they're able to collect. The agency should also be transparent about the collections process and the documentation along the way. But you may also be wondering how long they'll work on your behalf before you take the case to court.

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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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Black-Owned Banks and Credit Unions: Where to Find Them

Nerd Wallet

Black-owned banks tend to serve African Americans more than other banks do. Their mission includes closing the wealth gap in America. » Skip ahead to the list of Black-owned U.S. banks and credit unions The typical white family has eight times the wealth of the typical Black family, according to a 2019 Federal Reserve survey. Spencer Tierney writes for NerdWallet.

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New and Updated Scorecard Policy Data to Kick off the State Legislative Season

Prosperity Now

New Prosperity Now Scorecard data on policy adoption across the states is now available just in time for the start

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How to choose a medical debt collection agency

American Profit Recovery

If your practice has been looking through a list of medical collection agencies in search of just the right fit, we want you to take a moment to read some of the tips that our experts here have come up with. Choosing the right partner to work with your patients and handle payment arrangements is a critical part in managing not only your cash flow but your reputation.

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Appeals Court Affirms MSJ Against Debt Buyer in Contract Breach Case

Account Recovery

The Third Circuit Court of Appeals has affirmed a lower court’s ruling in favor of a defendant that was sued by a debt buyer for failing to provide the proper information for accounts that were purchased by the buyer because it did not send its emails to the address noted in the underlying agreement. A … The post Appeals Court Affirms MSJ Against Debt Buyer in Contract Breach Case appeared first on AccountsRecovery.net.

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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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Collection Agency for Semen Distributors & Breeders

Nexa Collect

Unpaid invoices are fairly common for animal breeders and semen distributors. There are times when repeated follow-ups with your customer simply does not help, and your past-due accounts receivable start to dig into your profits. It is fairly common in the breeders’ industry to assign past-due accounts to a debt collection agency. The involvement of a third-party agency does the trick in most cases.

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How to Collect from Non-Paying SaaS Customers

Enterprise Recovery

Setting up any sort of retainer or regular payments seems to be a great business model. Subscribers to software-as-a-service are auto-billed or auto-renewed regularly, funding any updates to the product and keeping cash flowing. The challenges arise with missed payments or non-paying customers. Is there a good way to collect from non-paying SaaS customers?

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6 Black Financial Pros to Follow in 2021

Nerd Wallet

We were fortunate enough to connect with six financial experts who are big on helping people with their money. While they range in their professions — including certified financial planners, podcast hosts and authors — they all had to think about how to move forward after 2020. They offered their thoughts about people of color. Amanda Cruz-Lombrana writes for NerdWallet.

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Drop in UK Business Insolvencies masking a grim reality

UK debt collections

According to latest figures, Corporate and Business Insolvencies fell by 27.1% for 2020 in England and Wales. Unfortunately the statistics do not tell the whole story as many businesses in the UK are in distressed situations. There is a huge pile up of unpaid invoices in the UK with Small Businesses and organisations afraid to act. Many companies are simply waiting for ‘normal’ to return but nobody can actually forecast when that will be.

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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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When consumers chime in anonymously on a dispute between a business and one of its customers

Public Citizen

by Paul Alan Levy. Our latest case about the right to speak anonymously is in federal court in Chicago, flowing from a dispute between a prominent vlogger named Cristina Villegas and a plastic surgeon named David Shifrin who, Villegas complained, “botched my nose job.” Villegas posted a 23-minute-long  YouTube video which recounts the inadequacies that she perceived in the doctor’s work; toward the end, she says that, hoping to forestall a public airing of her complaints, he offered to ref

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Bill Introduced in Maryland to Overhaul Collection of Medical Debts

Account Recovery

A bill has been introduced in both Houses of the Maryland state legislature that would create a threshold amount for which collection lawsuits can be filed while also establishing credit reporting guidelines, limiting the fees that can be collected for individuals who qualify for reduced or free medical care, limiting the amount of interest that … The post Bill Introduced in Maryland to Overhaul Collection of Medical Debts appeared first on AccountsRecovery.net.

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How to Create a Winning Talent Strategy for Your Dental Practice

Nexa Collect

Running a dental practice isn’t easy. And it isn’t made any easier by the fact that the average dentist has little to no business experience when first starting out. But as any experienced dental office manager can tell you, success always comes down to being able to build the right team to support the dentist and see to the needs of every patient.

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10 Things Taxes Pay For: Where Do Your Federal Tax Dollars Go?

Credit Corp

Your taxes pay for a variety of government services, as well as government debt and salaries. The federal government spends a lot of money. In 2019, for example, the government spent a total of around $4.4 trillion. You know that sounds like a lot, but how much is it really? . For comparison, $4.4 trillion was around a fifth of the total national GDP for that year.

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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.

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Where to Look If Your Small Business Can’t Get a PPP Loan

Nerd Wallet

The Paycheck Protection Program can be a lifeline for businesses that qualify, but it’s not the only program available for business owners struggling during the coronavirus pandemic. Those who don’t meet PPP requirements may be eligible for grants and other financing, including state and local grants and other loan programs supported by the Small Business.

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The Top Five Things Lenders Need to Know About Florida’s Construction Lien Law

Jimerson Firm

Florida’s Construction Lien Law found in Chapter 713, Florida Statutes, may seem like an area of the law that is only relevant to contractors and property owners. However, there are important aspects of the Construction Lien Law that can directly affect the rights and obligations of lenders in numerous ways. Although Florida’s Construction Lien Law “has long been recognized as an outstanding example of inept legislative endeavor, perplexing alike the bench and bar, contractors, owners, materialm

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How to Audit & Improve Your Collection Agency's Online Presence

Arbeit Software

With the release of the CFPB's new debt collection rule, having a strong online presence is more important than ever before for debt collection agencies. Working in collections can be stressful. Between keeping up with ever-changing restrictions, retaining & attracting talent, reaching consumers, and staying TCPA compliant, there's a lot to keep track of.

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Judge Denies Stay Request in FCRA Permissible Purpose Case

Account Recovery

A District Court judge in Arizona has denied a motion to have a Fair Credit Reporting Act class-action case stayed against a law firm accused of accessing an individual’s credit report without a permissible purpose pending the outcome of a case before the Supreme Court. A copy of the ruling in the case of Wolf … The post Judge Denies Stay Request in FCRA Permissible Purpose Case appeared first on AccountsRecovery.net.

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10 Ways to Improve Payment Collections with Salesforce

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.