American Profit Recovery

OCTOBER 25, 2020

The amount of concerns and issues a business owner, entrepreneur or anyone in senior leadership has on their minds on any given day can be countless to say the least. From bringing in enough business, being able to handle that business, everything to do with hiring and firing, cash flow, legal matters, and so much more. And if you are in one of these positions, then you know this all too well.

Collection Agencies 157

Collection Agencies Collections Agency Collections Debt collector 157

Nerd Wallet

OCTOBER 26, 2020

When interest rates started to drop in the spring of 2020, my husband and I took notice. We watched as the rates on both fixed-rate and adjustable-rate mortgages continued to slide to historic lows. As a growing number of friends gushed about how much they’d lowered their rates and monthly payments, we decided to look. Erin Hurd is a writer at NerdWallet.

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Nerd Wallet

OCTOBER 22, 2020

Student loan borrowers who seek to have their debt canceled in bankruptcy — what’s known as discharge — typically find it an expensive process with standards that can be difficult to meet. But recent bankruptcy court rulings and lawmakers’ support of relief for overburdened borrowers may signal a change is coming. In January, a New York. Anna Helhoski is a writer at NerdWallet.

Student loans 85

Student loans Student Loans Bankruptcy Loans 85

Account Recovery

OCTOBER 30, 2020

The Consumer Financial Protection Bureau today released its debt collection rule, continuing its process of modernizing the regulation of the accounts receivable management industry. The rule — all 653 pages of it — can be accessed by clicking here. The changes announced today will go into effect one year after they are published in the … The post CFPB Releases Debt Collection Rule appeared first on AccountsRecovery.net.

Accounts Receivables Management 246

Accounts Receivables Management Collections 246

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.

Enterprise Recovery

OCTOBER 2, 2020

Does your business suffer from late paying customers? Are you a flying-by-the-seat-of-your-pants A/R department of one? Do your clients get away with paying your business late or not at all without any consequences? If you answered 'yes' to any of these questions, an accounts receivable collections policy can help you: Get paid on time. Organize your accounts receivable process so you can handle the job alone.

Collections 246

Collections 246

American Profit Recovery

OCTOBER 28, 2020

There are many reasons collection agencies exist. And while many consumers do not like being on the receiving end of a communication from a collection agency, companies like ours provide a necessary service to organizations that have challenges in getting their customers and clients to pay or pay on time. It does not matter what size your company is.

Collection Agencies 208

Collection Agencies Collections Agency Retrieval Collections 208

Credit Corp

OCTOBER 15, 2020

Women often face unique challenges when managing their personal finances. One of those, for example, is the gender pay gap. According to PayScale, in 2020 women make on average 81% of what men earn in the workplace. But you don’t have to let those obstacles keep you from achieving your financial goals—check out some of these financial resources for women to help you manage your money and get ahead for the future. 1.

Education 105

Education Credit Card Debt 105

Nerd Wallet

OCTOBER 20, 2020

Amid the COVID-19 pandemic, with millions of schoolchildren still learning remotely as the weather turns colder, some might benefit from a few investments in their at-home experience. The following items, all under $15, can help make distance learning more appealing to even the youngest learners. 1. New background decorations When your child is on screen.

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Account Recovery

OCTOBER 30, 2020

You have to hand it to consumer advocacy groups. They know how to name a report that will grab everyone’s attention. The National Consumer Law Center yesterday released a report, “No Fresh Start 2020: Will States Let Debt Collectors Push Families Into Poverty In The Wake Of a Pandemic?” which grades each state on their … The post NCLC Report Calls Out States For Poor Exemption Protections appeared first on AccountsRecovery.net.

Debt collector 246

Debt collector 246

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

Enterprise Recovery

OCTOBER 9, 2020

Communication, especially in the time of remote work and virtual meetings, has never been more important. As a freelancer, agency or business owner, you may also feel distracted or overwhelmed when juggling work, clients and working from home. If you've found client communication especially challenging recently, we've created a few example scripts that we hope will help you.

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Nexa Collect

OCTOBER 12, 2020

Doctors are smart people. But even smart people make dumb mistakes sometimes. Going to medical school doesn’t guarantee that you how to handle your finances. Newly minted physicians earn high incomes but have large amounts of student debt, and generally require specialized insurance. This can get people into trouble if they aren’t aware of best practices for building and holding onto wealth.

Loans 130

Loans Government Education 130

True Accord

OCTOBER 7, 2020

Back in 2019, TrueAccord pledged to hire 50 new Lenexa team members every year until reaching our goal of 150. But thanks to a huge growth in business, TrueAccord has accelerated its hiring, adding 84 employees working remotely across the nation and from its Lenexa, Kansas office since the beginning of March alone. Overall, the Lenexa office has grown from 12 employees to over 118 people in under two years, and we’re still actively hiring across many functions.

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Credit Corp

OCTOBER 7, 2020

Most years, the deadline to file your federal income tax is on or around April 15. In 2020, the federal government extended that deadline to July 15 because of potential delays and obstacles caused by the COVID-19 pandemic. If you miss this deadline, you can request to file on the October 15 tax filing deadline instead. There can be consequences for filing late, but the type of penalty depends on several circumstances: Did you request a tax extension?

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Government 105

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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

Nerd Wallet

OCTOBER 12, 2020

Entry-level jobs are scarce for recent college graduates, which leaves the Class of 2020 in a precarious position as their student loan debt comes due. Taylor Cabrera has been job-hunting for months since graduating from the University of Mississippi last spring with dual bachelor’s degrees in biology and physics, and has moved in with family. Anna Helhoski is a writer at NerdWallet.

Loans 144

Loans Student loans Student Loans 144

Account Recovery

OCTOBER 28, 2020

JUDGE DENIES MOTION FOR ATTORNEYS’ FEES IN FDCPA CASE In a ruling that was spotlighted by Barron & Newburger, a District Court judge in Pennsylvania has granted a plaintiff’s motion to dismiss his own lawsuit and denied a defendant’s motion for attorneys’ fees and costs in a Fair Debt Collection Practices Act case. COLORADO EXTENDS … The post Daily Digest – October 28.

Fair Debt Collection 246

Fair Debt Collection Collections 246

Enterprise Recovery

OCTOBER 16, 2020

When you're trying to learn more about your business finances, a cash flow statement is a must. This financial statement paints a clear picture of how your business is managing its cash to pay debts and fund operations. The cash flow statement can help determine the success of your business and be an important indicator of potential to an investor. What is a cash flow statement and why is it important?

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Nexa Collect

OCTOBER 2, 2020

For snow removal companies overdue accounts receivable is an ongoing issue. Their customers can be a small business, government, large corporates as well as private homeowners. Customer excuses may range from underbudgeting the cost snow removal work, to temporary economic problems. Not getting paid on time can quickly restrict your cash flow, that’s why hiring a collection agency when an account is 60 days past due is absolutely the right choice.

Collection Agencies 130

Collection Agencies Collections Agency Collections Debtor 130

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.

Consumer Finance

OCTOBER 29, 2020

On October 30, 2020, the Consumer Financial Protection Bureau issued a final rule to restate and clarify prohibitions on harassment and abuse, false or misleading representations, and unfair practices by debt collectors when collecting consumer debt.

Fair Debt Collection 102

Fair Debt Collection Debt collector Collections 102

Credit Corp

OCTOBER 19, 2020

Getting a new car is a big decision, and you should choose your next vehicle carefully. But if you think finding the right car is difficult, deciding whether to lease or buy can be even more overwhelming. Start the process right by understanding the minimum credit score to lease a car and determining whether this is the best decision for you. 1. Check Your Credit.

Manufacturing 105

Manufacturing Loans Credit Unions Credit Unions 105

Nerd Wallet

OCTOBER 30, 2020

Many Americans started investing for the first time during the pandemic, but even though their trades may have been free, the money involved might soon come with a bill from the IRS. If you’re a new investor, here are four things that could trigger a tax-related hit — and what tax pros say you can. Tina Orem is a writer at NerdWallet. Email: torem@nerdwallet.com.

Trade 136

Trade 136

Account Recovery

OCTOBER 27, 2020

Thanks to the team at Ballard Spahr for noticing that the Consumer Financial Protection Bureau filed an amicus brief in support of a debt collector’s position that it did not violate the Fair Debt Collection Practices Act when it included line items indicating that an individual owed $0.00 in interest and collection fees in a … The post CFPB Stands Behind Collector for Itemizing Debt in Letter appeared first on AccountsRecovery.net.

Fair Debt Collection 246

Fair Debt Collection Debt collector Collections 246

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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

Enterprise Recovery

OCTOBER 23, 2020

In the age of social media and rapid-fire news stories, it's important for businesses to consider their brand reputation. If your accounting team outsources its bad debt or unpaid receivables to a collections agency, it's also important to protect your brand. Quite simply, a negative experience with a collections company could sour business relationships and your branding.

Collection Companies 150

Collection Companies Collections Collection Agencies Collections Agency 150

Nexa Collect

OCTOBER 27, 2020

ADP Workforce and Square Payroll are both HR management tools that wrap several functions into a single software package. Both are highly-rated with large, established userbases, and they do more or less the same thing. However, while they share much of the same functionality, that doesn’t mean that each is right for every business. Depending on how features are implemented, the size of an organization and its software budget, one package may be a better fit than the other.

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Healthcare 100

Collect More

OCTOBER 13, 2020

I don’t like to have regrets in business- I think everything we do and everything we go through, good and bad, is a learning experience and life is way too short to live in the past. But there is something I did about 5 years ago that I still kick myself over. I was engaged to provide debt collection training to a major insurance brokerage here in Queensland.

Collections 100

Collections 100

Credit Corp

OCTOBER 25, 2020

Old checking accounts can become troublesome if you’re not paying attention to them. Whether they’re overdrawn before you move on to another account or become overdrawn because you’re not monitoring them regularly, they can leave you on the hook for debt. If you’re not careful, old bank accounts can even affect your credit and the amount your debt will cost you over a lifetime.

Banks 104

Banks Unsecured Debt Collection Agencies Collections Agency 104

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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