Sat.Sep 25, 2021 - Fri.Oct 01, 2021

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Getting to Know Shaun Ertischek of Sequium Asset Solutions

Account Recovery

The “Getting to Know” series is sponsored by Applied Innovation. Applied Innovation is helping to shape the future of accounts receivable management. Product development is driven by customer feedback, agency profitability and compliance and includes platforms addressing client portal access, document management, payment negotiation, Regulation E focused electronic payment authorizations and TCPA communication authorization platforms. … The post Getting to Know Shaun Ertischek

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The Importance of Cash Flow Management for Your Business

Enterprise Recovery

When you think of the phrase cash flow , you may have a vision of money flowing into and out of your business. In this vision, your clients are seamlessly paying their debts to you and you're paying all of your bills and expenses. Cash flow management is the process of maintaining that flow of money, hopefully increasing positive cash flow, where more money comes in than goes out.

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Some of our best tips for handling debt collections internally

American Profit Recovery

There are several reasons why organizations of all sizes would be looking for a debt collection agency. You may be a small business and have reached the point where you’re tired of chasing down late and nonpaying customers. Or maybe your organization regardless of the size has limited internal resources to handle the task of getting your customers to pay on time.

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Parents With Student Debt Want A Do-Over

Nerd Wallet

Many parents who took on student debt for their kids regret the decision: Nearly 1 in 3 parents (30%) with federal parent PLUS loans say if they could do it over, they’d ask their children to rethink their education plans so they wouldn’t have to take out the loans. These results, part of a July. Anna Helhoski writes for NerdWallet. Email: anna@nerdwallet.com.

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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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Strategic Resource Alternatives Completes Acquisition of J.J. Marshall & Associates

Account Recovery

MT. LAUREL, N.J., Sept. 27, 2021 /PRNewswire/ — Strategic Resource Alternatives (“SRA”), an industry-leading full-service receivables management and outsourcing firm, is pleased to announce the completion of an acquisition of J.J. Marshall & Associates, Inc., a Michigan-based recovery firm. SRA provides accounts receivable management, debt recovery, BPO, call center & letter service solutions, with 30 years of operating … The post Strategic Resource Alternatives C

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District Court’s FCRA Decision Offers Guidance for Employers on “Clear and Conspicuous” Disclosures and Willfulness

Troutman Sanders

After the District Court for the District of Oregon dismissed a Fair Credit Reporting Act (FCRA) suit filed against Fred Meyer, Inc. , the Ninth Circuit Court of Appeals partially reversed , holding Fred Meyer had failed to comply with FCRA’s “standalone” requirement by providing, in good faith, an extraneous explanation of the applicant’s rights in its background check disclosure.

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Using a Mortgage Broker vs. a Bank

Nerd Wallet

Whether it’s better to work with a mortgage broker or get a home loan directly from a bank depends on your financial situation and your preferences. For example, if you might have trouble qualifying for a mortgage or you place a high value on convenience, a mortgage broker may be worthwhile for you. On the. Kate Wood writes for NerdWallet. Email: kwood@nerdwallet.com.

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Judge Grants MTD in FDCPA Case Involving Overheard Voicemail Message

Account Recovery

A District Court judge in North Carolina has granted a defendant’s motion to dismiss after it was accused of violating the Fair Debt Collection Practices Act by leaving a voicemail message on an individual’s cell phone that was overheard by the plaintiff’s sister, ruling that cell phone voicemails are intended to be private and if … The post Judge Grants MTD in FDCPA Case Involving Overheard Voicemail Message appeared first on AccountsRecovery.net.

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Unpaid CCJ offers early ‘Insolvency Warning sign’ says new data

UK debt collections

New data from the Registry Trust has indicated that 47% of businesses that became insolvent in May and June 2021 had an outstanding county court judgment (CCJ) against them. Whilst 78% of those who became insolvent with an outstanding CCJ had received their first CCJ within the previous 999 days. With the Insolvency Service’s latest corporate insolvency figures for August 2021 showing a 71.1% increase compared to August 2020, the Registry Trust says that this insight could help to identify ‘earl

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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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Who is PDCflow? Meet Matt Reichard

PDC Flow

Software companies require many types of expertise to function. They need sales professionals to help customers get the right tools for the job, customer success staff standing by for questions and marketers to get the word out about the latest products and services. But what about the employees most customers never meet? PDCflow’s developers, IT and other internal staff work hard to keep our products running and create new features that push our company forward.

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Is a New Job the Right Financial Move?

Nerd Wallet

Whether you call it “The Great Resignation,” “The Great Reshuffle” or just high time for a change, millions of American workers are looking for new jobs — and some have already quit the ones they have. Better pay isn’t necessarily the motivator, labor experts say. Many people are seeking greater flexibility, the ability to work. Liz Weston writes for NerdWallet.

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Report Calls Collection Litigation ‘Broken,’ Makes Suggestions to Reform Process

Account Recovery

A nonprofit organization in Washington, D.C. has published a report on the debt collection litigation market, outlining a series of recommendations to state and federal lawmakers to make the process “safer and fairer” for everyone. The report, published by The Aspen Institute, says the current system for collecting unpaid debts “is broken” is because plaintiffs … The post Report Calls Collection Litigation ‘Broken,’ Makes Suggestions to Reform Process ap

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CFPB Report Finds Declines in Credit Card Debt, New Applications and Increases in Digital Engagement in 2020

Consumer Finance

The Consumer Financial Protection Bureau released its fifth biennial report to Congress today on the consumer credit card market, finding that the market’s growth over the last few years reversed course in 2020.

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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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Most Frequent Student Loan Mistakes

Credit Corp

Almost 70% of students in North America take out student loans. Many students can’t afford post-secondary education without financial help. Loans are scary, and come with lots of disadvantages. Don’t fear, because we will be covering the most frequent student loan mistakes. Avoid the consequences by learning from our tips below. Forgetting to Research.

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How Much Are Credit Card Processing Fees?

Nerd Wallet

Credit card processing fees will typically cost a business 1.5% to 3.5% of each transaction’s total. For a sale of $100, that means you could pay anywhere from $1.50 to $3.50 in credit card processing fees. For a small business, these fees can be a significant expense. Here’s how they work and how to lower your. Billie Anne Grigg writes for NerdWallet.

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Judge Grants MTD Over Settlement Language in Letter

Account Recovery

Have you seen those videos, where someone painstakingly takes clips from actors saying different words and assembles them into recreations of songs or famous speeches? Well, at the end of the day, what is recreated is still a song or a famous speech? Similarly, plaintiffs can’t parse words in collection letters and accuse a collector … The post Judge Grants MTD Over Settlement Language in Letter appeared first on AccountsRecovery.net.

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How to get a VA home loan

Better Credit Blog

The U.S. Department of Veterans Affairs offers what are called VA Loans to people who currently serve or have served in the armed forces, or their surviving spouses. These loans can save them money and make the home-buying process go a little smoother. VA loans can help veterans save money and make the mortgage process a bit more accessible to people who otherwise might have difficulties finding the right deal.

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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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9 Best Jobs Where You Work Alone

Credit Corp

This article originally appeared on Arrest Your Debt and has been republished here with permission. The closure of many public establishments, such as restaurants, movie theaters, and clubs, has forced many in the labor force to pursue jobs where you work alone without real human interaction. Yet, even before the pandemic, workers have increasingly turned to jobs that do not require physical attendance at an office.

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The FAFSA, Your Ticket to Help Pay for College, Just Opened

Nerd Wallet

October marks the open date for the Free Application for Federal Student Aid or FAFSA — and college-bound students should submit the application as soon as possible. Completing the FAFSA allows you to be considered for federal, state and school-based aid. In addition, submitting it soon after the Oct. 1 open date will increase your. Colin Beresford writes for NerdWallet.

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Daily Digest – September 27. Calif. Gov. Signs Collection ID Theft Bill Into Law; Hearing Today on N.M. Medical Debt Collection Bill

Account Recovery

CALIFORNIA GOVERNOR SIGNS DEBT COLLECTION ID THEFT BILL INTO LAW The Governor of California has signed a debt collection bill into law that will adjust how collectors address situations where an individual claims a debt is fraudulent as a result of identity theft. There was no effective date written into the statute, which means the … The post Daily Digest – September 27.

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Are the Authors of Consumer Reviews Protected by Anti-SLAPP Laws?

Public Citizen

by Paul Alan Levy. Today we entered an important case that will determine whether New York’s new and improved anti-SLAPP law protects the authors of consumer reviews against being sued for defamation when they reveal publicly that they were less than thrilled with a business’s services or products. The case arose from the horrible experience of the Sproule family in early March 2020, when they traveled from their home in the Chicago suburbs to Sarah Sproule’s hometown, Wantagh, New York, to atte

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How To Optimize Cash Flow: Your Roadmap To Resilience!

Speaker: Genevieve Hancock, CPA

Cash flow isn’t just about balancing numbers - it's about ensuring your organization is positioned for both immediate stability and long-term success. Understanding that cash flow management fuels every decision, every opportunity, and every growth phase is critical. But how can you shift from simply managing cash to strategically optimizing it for resilience?

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Bankruptcy Courts Must Independently Assess Plans

PBWT

In a recent decision, In re: BRUCE D. PERRY, Debtor. KRISTA PREUSS, Standing Chapter 13 Tr., SDNY, Appellant, v. BRUCE D. PERRY, Appellee., No. 20-CV-4617 (CS), 2021 WL 4298192 (S.D.N.Y. Sept. 21, 2021), Judge Seibel reversed the decision of the bankruptcy court and clarified the independent obligation of the Bankruptcy Court to ensure a Plan conforms to the necessary requirements set out by the Bankruptcy Code, irrespective of the parties’ conduct.

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Smart Money Podcast: 5 Financial Tasks for Fall, and Kid Debit Cards

Nerd Wallet

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion about five financial tasks to take on this fall. Then we pivot to this week’s money question from Renee, who emailed us their question: “I’ve seen a few debit cards for kids, where parents can. Liz Weston writes for NerdWallet.

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State Donates $5700 in Back-to-School Fundraiser

Account Recovery

Madison, Wisc. – As students return to the classroom, the State family wanted to ensure every child has the necessary supplies for a successful year. After hosting the 1st Annual Great State Team Charity Golf Outing, and running an online fundraising campaign, State matched every gift to donate $5700 to the Boys and Girls Club. “Given the … The post State Donates $5700 in Back-to-School Fundraiser appeared first on AccountsRecovery.net.

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5 Tips for Recovering Outstanding Debt

Micro Bilt

From college debt to unpaid loans, more and more people are getting behind on crucial finances. If you're a debt collector or someone who is owed money, you're probably wondering what you can do to ensure you're paid. Keep reading to learn all about 5 tips for recovering outstanding debt.

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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.