Account Recovery

DECEMBER 31, 2020

Twenty-twenty will easily be remembered as the year of the pandemic and will also easily be remembered as the year the Consumer Financial Protection Bureau released the long-awaited debt collection rule, but there were a lot of other important events that occurred this year that will shape the accounts receivable management industry for years to … The post The Court Cases That Shaped the ARM Industry in 2020 appeared first on AccountsRecovery.net.

Accounts Receivables Management 246

Accounts Receivables Management Collections 246

American Profit Recovery

DECEMBER 8, 2020

In the not too distant past, a business that hired a collection agency was doing so as a last resort. They had customers that were not paying, they called, sent letters, and decided that the only thing they could do was to get rid of that customer and send them to collections. A far cry from how a collection agency can help a business today. When you use an agency today you should be thinking a little differently about the results you want to gain from that relationship.

Collection Agencies 246

Collection Agencies Collections Agency Collections Original Creditor 246

Enterprise Recovery

DECEMBER 18, 2020

The internet allows for businesses to sell the use of software (and hardware) and revenue is collected either yearly or monthly as a subscription service. The as-a-service or subscription business model is sustainable as long as payments are received. Because client retention is very important to this business model, debt collections must be handled with business relationships in mind.

Collections 245

Collections Collection Agencies Collections Agency 245

Nerd Wallet

DECEMBER 11, 2020

A savings account is an important way to prepare for big expenses and future goals — even if you start small. No matter the amount you’re saving, what’s most critical is that you start now. “There’s never a time that’s soon enough,” says Angela Moore, a certified financial planner and the founder of Modern Money. Ruth Sarreal writes for NerdWallet. Email: rsarreal@nerdwallet.com.

Banks 142

Banks 142

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.

Nexa Collect

DECEMBER 27, 2020

Unpaid traffic and parking violation tickets can cause a huge drag on the finances of cities and counties. It is a common practice for police and regional transport authorities to hire a collection agency to recover these unpaid debts. Need a Collection Agency for Unpaid Tickets? Contact Us for a free consultation – Serving Nationwide. Courts and law enforcement agencies charge the original fine plus late penalties once an account is forwarded to collections.

Collection Agencies 130

Collection Agencies Collections Agency Collections Debtor 130

Account Recovery

DECEMBER 30, 2020

NINTH CIRCUIT AFFIRMS RULING FOR CFPB IN SEILA LAW CASE In a battle that has been to the Supreme Court and back, the Court of Appeals for the Ninth Circuit yesterday reaffirmed a District Court ruling that grants a petition from the Consumer Financial Protection Bureau seeking to enforce a civil investigative demand letter that … The post Daily Digest – December 30.

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American Profit Recovery

DECEMBER 4, 2020

If your organization has had challenges in getting customers to pay or pay on time, you have most likely taken the steps to work with a collection agency. The right agency will help you get back on track as well as help your customers find a solution to their ongoing debt. You have probably interviewed a few collection agencies and you have finally chosen a company that you can work with and that fits your needs.

Collection Agencies 160

Collection Agencies Collections Agency Collections Credit Bureau 160

Enterprise Recovery

DECEMBER 9, 2020

As if the month of December isn't blurry enough, your accounting department is working on year-end activities. Whether your business is a single-person shop or an enterprise corporation, the end of the year may also be the end of your fiscal year. Common activities during this time will provide insights into your business' financial situation including: Reconciliation of A/R.

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Nerd Wallet

DECEMBER 11, 2020

You can use a lump sum to pay down or pay off student loans. There are never any penalties for prepaying federal or private student loans. You’ll save time and interest if you can pay off student loans in one lump sum. But before you do, make sure there’s not a better use for that. Ryan Lane writes for NerdWallet. Email: rlane@nerdwallet.com. The article Can You Pay Off Student Loans in One Lump Sum?

Student loans 141

Student loans Student Loans Loans 141

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

Nexa Collect

DECEMBER 26, 2020

The five key principles of lean management are value, the value stream, flow, pull, and perfection. Some of these words may sound like instructions from a workout instructor but the only thing they have in common with physical effort is the workout part of it. Implementing leaner processes requires assiduous analysis and execution that continually asks “why?

Education 130

Education Construction Government 130

Credit Corp

DECEMBER 3, 2020

There were more than 650,000 instances of reported identity theft in 2019, according to data from the Federal Trade Commission (FTC). Separate information from Javelin Strategy & Research found that consumers lost almost $17 billion to fraud in the same year. Concerned you might not be doing enough to prevent identity theft? Check out these tips we’ve collected to help you lead a more secure life and safeguard your information, finances and family.

Retrieval 116

Retrieval Banks Credit Unions Credit Unions 116

Account Recovery

DECEMBER 30, 2020

A District Court judge in Wisconsin has certified a class in a case against a collection agency accused of violating the Fair Debt Collection Practices Act by saying it “may” commence a civil action if the debt was not paid even though it had no intention of doing so. A copy of the ruling in … The post Judge Grants Certification in FDCPA Class Action Over Reference to ‘Civil Action’ in Letter appeared first on AccountsRecovery.net.

Fair Debt Collection 246

Fair Debt Collection Collection Agencies Collections Agency Collections 246

American Profit Recovery

DECEMBER 2, 2020

By Greg: 2020 is clearly going to be remembered as the year of the pandemic. Covid-19 dominated the news, and no one can deny how much it has impacted our lives. For some it brought illness and grief, for others it brought unemployment and struggle, and for the fortunate ones it brought inconvenience. However, I believe that it revealed some basic truths about us as people, and what we truly care about.

Government 132

Government 132

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Collection Agencies

Enterprise Recovery

DECEMBER 4, 2020

As if it's not challenging enough to deal with late paying clients, the pandemic and the holiday season can add more stress. Your business may be working to resolve late payments to close out your year. Your clients may be struggling with cash flow shortages due to the pandemic. Is there a gentle-yet-firm way to ask that your invoices are paid on time?

Collections 131

Collections 131

Nerd Wallet

DECEMBER 1, 2020

This article provides information and education for investors. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. The best gift you can give yourself this year? A more secure financial future. No matter what stage of life you’re in, it’s never. Tiffany Lam-Balfour is a writer at NerdWallet.

Education 141

Education 141

Nexa Collect

DECEMBER 17, 2020

Credit Unions must (seriously) reinvent their brand for millennials to compete for account deposits and financial services. Millennials are such a vital generation for financial service providers to address, not only because many of them are now coming into sizable personal income and surpluses through jobs and inheritance, but millennials are distinctive in their fluent use of technology and their outlook on finances, economy, family life and careers.

Credit Unions 130

Credit Unions Credit Unions Financial Institution Financial services 130

Credit Corp

DECEMBER 10, 2020

This year you’re finally ready to buy your home. But where to start? Where it’s your first time or you’re an experience home buyer, all the mortgage options out there can be overwhelming. If you’re on the hunt for a mortgage, you might want to consider a conventional loan. But there are a ton of different types of conventional loans, so which is the right one for you?

Loans 111

Loans Lender Government Banks 111

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.

Account Recovery

DECEMBER 28, 2020

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.

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American Profit Recovery

DECEMBER 7, 2020

With Thanksgiving recently upon us, I could not help but stop and think about all the things I am thankful for this year. 2020 has taught many of us to be grateful for the little things like family, socializing, health, and simple things like being able to grocery shop. I am especially grateful that I chose to work at such a phenomenal place as I approach my third-year anniversary at American Profit Recovery.

Loans 130

Loans 130

Consumer Finance

DECEMBER 29, 2020

On December 30, 2020, the Consumer Financial Protection Bureau issued a compliance assistance sandbox approval order to PayActiv regarding specific aspects of some of its earned wage access products.

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Nerd Wallet

DECEMBER 11, 2020

The importance of money has less to do with affording the newest iPhone or measuring career success, and far more to do with the core of being human: freedom, ego, stress and relationships. How we use and think about money — not just accumulating lots of it — literally can determine our happiness during the. Gregory Karp writes for NerdWallet. Email: gkarp@nerdwallet.com.

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Collections

Jimerson Firm

DECEMBER 30, 2020

In the event a borrower is seriously delinquent on making payments under a SBA loan, or the SBA loan is classified in liquidation status, lenders and CDCs must develop a prudent and commercially reasonable strategy to maximize their recovery on the loan. Before liquidating any collateral or incurring costs of litigation, Lenders and CDCs should make a good faith effort to first negotiate a “workout agreement” with the borrower.

Loans 98

Loans Collateral Lender Foreclosure 98

Credit Corp

DECEMBER 28, 2020

As of December 27, 2019, the IRS had received a whopping 155,798,000 tax returns during the year. A bit over 138 million of those were filed electronically, with almost 60 million electronic tax returns filed by individuals handling their own taxes. Whether you intend to be a self-preparer in 2021 or not, it’s a good idea to prepare for tax season sooner rather than later.

Banks 106

Banks Education 106

Account Recovery

DECEMBER 22, 2020

The CBE Group is taking over a call center that used to be used by Convergys is Clarksville, Tenn., and plans to create 500 new jobs in the area, according to published reports. About half of the jobs are expected to be created in 2021 and the company is expected to start recruiting new hires … The post CBE To Open Call Center in Tennessee, Will Hire 500 Employees appeared first on AccountsRecovery.net.

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Debt Recoveries

DECEMBER 14, 2020

Hi, my name is Adam Stewart, Debt Collection Expert and owner of Debt Recoveries Australia.I want to share some quick ways you can increase your cash flow and at the same time, reduce your account receivables. I always say, cash is king in any business. You can be profitable and still go bankrupt because of cash flow problems. Cash flow is having the right amount of cash in the right places at the right time, every time.

Debt Recovery 98

Debt Recovery Collection Agent Debtor Collection Agencies 98

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Collections