Account Recovery

MAY 12, 2021

A hospital in Alabama should serve as an example to every type of collection operation, be it a third-party agency, creditor, or otherwise, that transitioning away from letters and phone calls and promoting digital engagement with patients and debtors is the best way to thrive in today’s economy. Jackson Hospital is a $1.2 billion facility … The post How a Rural Hospital Used Digital Engagement to Boost Collections by 40% appeared first on AccountsRecovery.net.

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Collections Debtor Creditors Healthcare 214

Nerd Wallet

MAY 12, 2021

Vivian Duelli had wanted to open a yoga studio for 18 years. Construction on her dream, Drift Yoga and Juice Bar, started in Seattle in February 2020. It stopped three weeks later due to the pandemic. “March came and April came, and we couldn’t go back yet to construction,” Duelli says. “I was trying to. Ryan Lane writes for NerdWallet. Email: rlane@nerdwallet.com.

Construction 73

Construction 73

Collection Industry News

MAY 11, 2021

Source: site. Mark M. Miller, a Kenmore debt collector, is under investigation by federal Homeland Security Investigations agents for alleged wire fraud in connection with unlawful debt collecting. Agents seized $90,385 from Miller in 2020 while executing a raid at a Kenmore home he owns. Provided by Mark M. Miller. A Kenmore debt collector may have ended up hounding the wrong guy for a debt his mother allegedly owed.

Debt collector 40

Debt collector Government Collections Collection Agent 40

Enterprise Recovery

MAY 14, 2021

Accounts receivable refers to the amount due from customers for sales transactions using credit, financing, or regular timed retainer payments. When measuring and collecting A/R, your business gets a clearer view of dependable cash flow and has the data to make informed business decisions such as investments and hiring. To collect on past due receivables effectively, the sooner you're aware of non-payment, the more likely you can recover what's owed.

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Collections 130

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.

Account Recovery

MAY 11, 2021

ST. GEORGE, Utah – May 11, 2021 – TCN, Inc., a global provider of a comprehensive cloud-based call center platform for enterprises, contact centers, BPOs and collection agencies, today announced the launch of TCN Operator, the next generation of its flagship platform. Built for the modern call center, TCN Operator features an intuitive interface and a comprehensive … The post TCN Launches TCN Operator, Its Next-Generation Call Center Platform with a Comprehensive Suite of Automated Agent T

Collection Agencies 246

Collection Agencies Collections Agency Collections 246

Credit Corp

MAY 12, 2021

Do you have some big savings goals this year? Or maybe there are a few things you’d like to buy, but need to save up for first. Saving money isn’t impossible—but you do need to be smart. Wondering how to save for big purchases? Honestly, it depends on a lot. You have your own unique and personal needs, budget and financial situation. So what works for you might not work for someone else.

Banks 109

Banks 109

Prosperity Now

MAY 12, 2021

With Tax Day almost upon us, many Americans are turning to paid tax preparers to help them file their returns.

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Account Recovery

MAY 10, 2021

A debt collector in Buffalo who is allegedly being investigated by authorities now has a civil lawsuit to defend himself against, who denies any wrongdoing and that he is being unfairly targeted to the point where he has made the decision to get out of the debt collection business, according to a published report. Mark … The post Collector Under Investigation Now Facing Civil Suit appeared first on AccountsRecovery.net.

Debt collector 246

Debt collector Collections 246

Nerd Wallet

MAY 12, 2021

While you left your car parked for long stretches during the coronavirus lockdown, it might have had some unwelcome visitors: rats, mice, squirrels or even possums. These critters like building nests in cozy, dark, dry places and enjoy munching on the insulation of your engine’s wiring system, resulting in expensive repairs. But furry trespassers are.

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Loans 132

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

Jimerson Firm

MAY 12, 2021

Stormwater management systems if managed correctly can greatly enhance the value and safety of a community. As community associations managers and governing boards are well aware, however, stormwater management systems can be expensive, and their operation and maintenance highly contentious. This blog provides an overview of what a stormwater management system is, the challenges associations face with respect to these systems, and the proactive measures association leaders should take to minim

Construction 103

Construction Government Collections 103

Sawin & Shea

MAY 12, 2021

As medical costs continue to soar in the U.S., up to 62% of bankruptcies now include significant medical debt. A health event like an accident, disease, or surgery can bury someone in a mountain of medical bills. Many people are turning to medical bankruptcy, which is a bankruptcy that wipes out all bills related to an expensive health situation. If you’re considering bankruptcy to deal with medical debt , here are some important things you should know.

Bankruptcy 98

Bankruptcy Chapter 13 bankruptcy Lawyers Unsecured Debt 98

Account Recovery

MAY 10, 2021

A District Court judge in New York has granted a defendant’s motion for judgment on the pleadings after it was sued for allegedly violating the Fair Debt Collection Practices Act when it mentioned in a letter that an account may be placed with an attorney “for possible legal action” and that it did not specify … The post SDNY Judge Grants Motion for Defendant in FDCPA Case Over Issues with Letter appeared first on AccountsRecovery.net.

Fair Debt Collection 246

Fair Debt Collection Judgment Collections 246

Nerd Wallet

MAY 14, 2021

What is money management, exactly? It’s a plan for your money so you can make the most of it. This plan typically involves budgeting and saving money, avoiding or reducing debt and investing in your future. If learning how to manage your money sounds intimidating or stressful, take it one step at a time. Below. NerdWallet writes for NerdWallet. Email: articles@nerdwallet.com.

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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

Troutman Sanders

MAY 11, 2021

The Department of Financial Protection and Innovation (DFPI) of California entered a settlement agreement with Chime Financial, Inc. (Chime), a neobank company that is not licensed to operate as a bank or otherwise exempt from licensure, but works with banking partners to issue consumer banking products. The DFPI found that Chime potentially violated California Financial Code Sections 561 and 563 by (1) using the website “chimebank.com” and (2) using the words “bank” and

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Banks 98

Prosperity Now

MAY 12, 2021

Many structural and systemic factors , including job quality and wages, costs of housing, health care and overall living, influence

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Account Recovery

MAY 10, 2021

SDNY JUDGE GRANTS MOTION FOR DEFENDANT IN FDCPA CASE OVER ISSUES WITH LETTER A District Court judge in New York has granted a defendant’s motion for judgment on the pleadings after it was sued for allegedly violating the Fair Debt Collection Practices Act when it mentioned in a letter that an account may be placed … The post Daily Digest – May 10.

Fair Debt Collection 246

Fair Debt Collection Collections Judgment 246

Nerd Wallet

MAY 12, 2021

Most travelers start vacation planning by scouring the internet for a great flight deal. Then, it’s time to scout out hotels. Booking the rental car is a boring afterthought. But in 2021, you need to consider completely flipping the order of operations in which you book your next trip. Among the many travel industry changes. Sally French writes for NerdWallet.

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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.

Credit Corp

MAY 12, 2021

Although the number of identity theft cases fell from 16.7 million in 2017 to 14.4 million in 2018, the number of people held financially liable in these cases and the amount of their losses increased, according to the Insurance Information Institute. These identity theft statistics show that identity theft is still a major concern and consumers need to be on high alert to avoid becoming the next victims.

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Garnishment Creditors Banks 80

Prosperity Now

MAY 9, 2021

Starting a thriving business in requires more than sweat equity and a dream.

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Account Recovery

MAY 10, 2021

The House of Representatives appears to be gearing up to vote on a number of bills, including a package of proposed legislation that would address how debts are collected across the country, and ACA International has started an effort to mobilize the industry encouraging members of Congress to vote no on the measure. A published … The post House Preps Vote on Key Debt Collection Bill appeared first on AccountsRecovery.net.

Collections 246

Collections Fair Debt Collection Foreclosure Loans 246

Nerd Wallet

MAY 11, 2021

In case you had any doubts about it, the U.S. has officially entered a recession since the COVID-19 outbreak. True, it may seem like the economy has shuttered entirely, but the reality is that not every business is doomed to fail right now. Quite the contrary: Some businesses, like the recession-proof business ideas listed ahead, Sally Lauckner writes for NerdWallet.

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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?

Financial services

Credit Corp

MAY 9, 2021

When it comes to managing your money, it’s good to be smart. So many people go through life with little awareness of where their money is going, how they’re spending it, or even how they’re earning it. That’s why many people are in debt or living paycheck to paycheck. It’s important to be realistic about your finances , even once we reach retirement age.

Healthcare 76

Healthcare 76

UK debt collections

MAY 13, 2021

The Insolvency Service will be given powers to tackle the problem of Dodgy Directors. They will investigate directors of companies that have been dissolved. The objective will be to close a legal loophole and provide strong deterrent against abuse of the dissolution process. The process will no longer be able to be used as a method of fraudulently avoiding repayment of Government-backed loans given to businesses to support them during the Coronavirus pandemic.

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Government Loans Creditors 69

Account Recovery

MAY 14, 2021

The House of Representatives yesterday passed H.R. 2547, the Comprehensive Debt Collection Improvement Act, a collection of bills aimed at reforming how debts are collected in the United States. The bill passed by a vote of 215-207 and now heads to the Senate for its consideration. The bill, which was officially sponsored by Rep. Maxine … The post House Passes Debt Collection Reform Bill appeared first on AccountsRecovery.net.

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Collections Foreclosure Loans 245

Nerd Wallet

MAY 13, 2021

Often, it’s not coming up with ideas that stops would-be entrepreneurs from starting a business—rather, it’s prohibitive startup costs. Renting office space, leasing equipment, hiring staff, and other common startup costs can often be enough to wipe out your savings entirely. And since securing business loans is a notoriously difficult task for startups, new businesses just.

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Startups Loans 107

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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