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JUDGE DENIES MOTION TO COMPEL ARBITRATION OVER HOW ‘RECEIVABLE’ AND ‘ACCOUNT’ ARE DEFINED Synonyms and semantics can be deadly when in the hands of a federal judge. A defendant is learning that lesson the hard way after a District Court judge in New Jersey denied a defendant’s motion to compel arbitration in a Fair Debt … The post Daily Digest – August 30.
While this question will put off sales reps, collections teams may be cheering in their seats. If a sales representative works hard to land the ideal client but the invoice goes unpaid beyond the due date, who should be responsible for connecting with that client? Is a sale really complete if the invoice isn't paid? Do you have a solid process for who follows up and when it becomes necessary for your organization to move the account to collections?
Since the founding of American Profit Recovery and the day we opened our doors, we have always wanted to do what was right. That includes how we can work in the best interest of the clients that hire us, the consumers that are struggling with their finances, and the overall health and effectiveness of the collection industry. We have always wanted to do our part.
If you’re the parent of a young adult, you may be asked to co-sign for a car loan or an apartment lease. Before you agree, know what’s at stake — you could be putting your own financial security at risk. What co-signing really means When you co-sign, you become fully responsible for someone else’s debt. Bev O'Shea writes for NerdWallet. Email: boshea@nerdwallet.com.
AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?
For your business, there are never enough ways for you to promote your brand and your company. It is your opportunity to show your local community why they should spend time at your company and why they should trust you over other competitors. For marketing, there are many routes that you could take to improve your visibility in your industry. You could take on the role yourself, implementing these strategies, but it can be challenging to do that while running your company!
Birmingham, Alabama, August 19, 2021 – Burr & Forman LLP announces the inclusion of 184 of its attorneys among the Best Lawyers in America for 2022. One of the oldest and most distinguished legal directories, Best Lawyers conducts peer-review surveys to compile its annual list of top attorneys in a number of practice areas. The 2022 edition of the publication is available today at www.bestlawyers.com.
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Birmingham, Alabama, August 19, 2021 – Burr & Forman LLP announces the inclusion of 184 of its attorneys among the Best Lawyers in America for 2022. One of the oldest and most distinguished legal directories, Best Lawyers conducts peer-review surveys to compile its annual list of top attorneys in a number of practice areas. The 2022 edition of the publication is available today at www.bestlawyers.com.
Debt collectors are conduits — vessels trying to help original creditors recover unpaid debts. Oftentimes, the creditors will make requests or want certain offers included in letters sent to individuals. What happens when a creditor wants to make an offer as a means of trying to get an individual to repay a debt? … A … The post Judge Grants MTD Over Offer of More Credit in Collection Letter appeared first on AccountsRecovery.net.
While it's true that no one could have predicted the pandemic, entrepreneurs started 4 million new businesses in 2020. E-commerce and other online services saw a boom as brick-and-mortar businesses shut down. Then, just as it seems like the world would reopen, the Delta variant has business owners trying to decide what to do next. If you're wondering how to grow your business during this pandemic, keep going with these tips.
By Angela: As I sit writing this blog, I am finding it hard to believe six years have passed since coming to American Profit Recovery. I still remember getting the call to come in for an interview and didn’t completely know what to expect or how I would be treated. Everyone associates “collection specialists, or debt collectors” as bad, mean people blowing up your phone.
This article provides information for educational purposes. NerdWallet does not offer advisory or brokerage services, nor does it recommend specific investments, including stocks, securities or cryptocurrencies. The idea of anything creeping in unnoticed is enough to unnerve the bravest among us. In the world of personal finance, it’s the subtle, sneaking changes in spending habits that.
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
One issue that you may worry about when filing for bankruptcy is whether or not it will affect your employment. In the midst of a stressful financial time when you are having to accept the idea that your finances are changing, it is normal to believe that there is a stigma attached to bankruptcy. Be assured that other people are not necessarily looking at it that way.
JACKSONVILLE, FLA. – AUGUST 16, 2021 – Burr & Forman LLP announces the addition of Jason R. Gabriel as a partner in the firm’s Jacksonville office. Gabriel joins the firm’s land use and real estate practice group after 11 years at the City of Jacksonville, serving as General Counsel to the entire consolidated City government for the past 7 years.
A quartet of individuals have been charged with conspiracy to commit wire fraud and conspiracy to commit bank fraud in a $150 million payment processing scheme that included facilitating transactions for debt collectors, and one of the individuals remains at large, according to an indictment that was unsealed yesterday in Massachusetts federal court.
The last thing a business owner wants to think about is why their clients or customers aren't paying. It should be a straightforward process - you do the work or supply the goods and they pay their bills. With a little examination of your payment process, you might be able to determine the problem with those slow or late payments. If B2B payments are too hard to collect, ask yourself these questions.
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
There are so many aspects to running and managing a business that you can truly enjoy. Maybe you love interacting with customers, problem solving, or working the back end, creating new products and services. You and your team should enjoy coming to work and doing what people pay you for. But there are going to be times when customers do not pay you as we are sure you have figured out by now.
As travel returns, you might start feeling some airfare sticker shock. It’s not necessarily because more people are vacationing again, though they certainly are. It’s more likely because fewer people are doing trips for business. And when business travelers don’t travel, leisure travel can get more expensive. It may seem counterintuitive, but these premium-paying travelers.
It’s a common scenario: You apply for a personal loan or credit card and get denied. The reason seems shrouded in mystery, and you receive a letter with language such as “lack of recent installment loan information” or “proportion of balances to credit limits.” Find out what these reason codes actually mean and what to do about them below. 8 Common Reasons You Were Denied Credit.
Forecasts predicting an impending “tsunami” of corporate insolvencies are alarmist, though the need for ongoing alertness remains, according to UK insolvency specialists. Government support measures have allowed insolvency levels to remain stable amid the pandemic, but recent data shows significant surges as crisis-era support is withdrawn. According to statistics released by the Insolvency Service , June 2021 saw a 63 percent year-on-year increase, and Q1 FY21 saw a 31 percent uptick on the
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.
A District Court judge in New Jersey has granted a defendant’s motion to dismiss on all counts but one in a class-action Fair Debt Collection Practices Act case, ruling that the allegations that the amount of a debt was mis-stated in a letter can not be ruled on at this stage in the process. A … The post Judge Grants MTD on All Claims But One in FDCPA Class Suit appeared first on AccountsRecovery.net.
When your customer accounts become delinquent, they may have a number of reasons for not paying on time. Some of these excuses may be perfectly reasonable and others, not so much. If your in-house accounts receivable or collections department is fielding some of these excuses, here are some tips on how to handle them. Here's how to respond to delinquent customer excuses for late payments.
Your company has done the work, you feel like the client or customer was satisfied with what you’ve done, and you’ve done your part and sent an invoice for the work provided. Most of the time, you see a check in the mail, or they arrange for other types of payments such as a credit card. Other times, it feels like an endless waiting game to get some clients to pay.
Robin DeGracia’s kids have been traveling since they were in diapers. No, really. Her son was just 3 months old when she took him on his first flight. She remembers because he was in a baby carrier and she spent a lot of time on the flight walking with him up and down the airplane. Meghan Coyle writes for NerdWallet. Email: mcoyle@nerdwallet.com. Twitter: @inkwaves.
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.
The Consumer Financial Protection Bureau (CFPB) yesterday filed a proposed settlement to resolve a lawsuit against a debt collection enterprise and its owner. The CFPB alleges that Fair Collections & Outsourcing (FCO) violated federal law by failing to establish or implement reasonable written policies and procedures regarding the accuracy and integrity of the information it furnished to credit reporting agencies and failed to conduct reasonable investigations of indirect consumer disputes,
Latest quarterly figures from the Insolvency Service have indicated that business insolvency numbers across England & Wales were 31% higher than in Q1 2021 and 4% higher than in Q2 2020. There were 3,116 seasonally adjusted corporate insolvencies in Q2 2021, an increase of 31.4% compared to Q1 2021’s figures of 2,371 and a rise of 4% compared to Q2 2021 (2,997).
JUDGE GRANTS MTD ON ALL COUNTS BUT ONE IN FDCPA CLASS ACTION A District Court judge in New Jersey has granted a defendant’s motion to dismiss on all counts but one in a class-action Fair Debt Collection Practices Act case, ruling that the allegations that the amount of a debt was mis-stated in a letter … The post Daily Digest – August 27.
When it comes to your medical practice, it is essential that you accurately portray the patient experience (read it positive experience). In the digital age, there are many ways that patients can share their feedback, communicate with others, and let you know how you did in caring for their needs. One of the most critical and widespread forms of reviewing any business is through Google reviews.
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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