FFGN COLLECT NY
JANUARY 29, 2023
Many people believe a recession would be good for the debt collection industry. They think more debt leads to more collectible debt, more collections, higher returns to clients, and increased fees to debt collection firms. Despite popular opinion, a recession does not benefit the debt collection industry or an individual business’s debt collection efforts.
AGA
JANUARY 31, 2023
Recognizing Why You Are Being Paid Past Due Is Key to Changing Customer Behavior As published in The Virtual Credit Manager There are any number of reasons a business may pay beyond your terms of sale. Some of the reasons for paying slow are more serious than others, but they all impact your cash flow and your collection efforts. There are several keys to effective past due collections and they start with your order-to-cash process.
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True Accord
FEBRUARY 1, 2023
Businesses and consumers are buckling up for a bumpy economic road in 2023, but your company doesn’t have to accept that these recovery roadblocks spell inevitable losses. With the right digital communication strategy you can turn challenges into opportunities and engagement into recovered revenue. Let’s look at the roadblocks—and uncover the opportunities.
Nerd Wallet
FEBRUARY 2, 2023
Elizabeth Ayoola writes for NerdWallet. Email: eayoola@nerdwallet.com. Sean Pyles writes for NerdWallet. Email: spyles@nerdwallet.com. Twitter: @SeanPyles. The article Smart Money: Overcoming Structural Challenges originally appeared on NerdWallet.
Speaker: Anna Tiomina, MBA
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?
Collections Law
FEBRUARY 1, 2023
When a check bounces, you can sometimes get paid by simply following up with the person who wrote the check. It might have been a blip and they may be willing to pay. When that doesn’t happen, Massachusetts law may allow you to sue that person and the company named on the check. That’s because, by law, anyone in Massachusetts who writes a bad check may be personally liable for its payment, along with a relatively small amount in damages.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
American Profit Recovery
JANUARY 30, 2023
It’s no surprise to the team here but we have once again earned the distinction of being one of the best places to work in collections. Since 2008, we have continued to earn this recognition through an effort spearheaded by Best Companies Group. Sure we offer a competitive salary, a great benefits package and other perks, but there’s one thing that truly makes American Profit Recovery a great place to work.
Enterprise Recovery
FEBRUARY 3, 2023
When your business has a late-paying client, follow-up calls must be handled quickly and with conviction. Late or non-paying clients cause your business to write receivables off as bad debt, and they could cause the deterioration of your business relationships. Or you could escalate to a professional B2B collections agency that values your business relationships and your cash flow.
Consumer Finance
JANUARY 31, 2023
Today, the Consumer Financial Protection Bureau (CFPB) proposed a rule to curb excessive credit card late fees that cost American families about $12 billion each year. Major credit card issuers continue to profit off a junk fee protected by an immunity provision that allows issuers to escape scrutiny of otherwise illegal late fees.
Account Recovery
FEBRUARY 3, 2023
A District Court judge in Michigan has denied a plaintiff’s motion for summary judgment, while also denying the defendant’s motion to dismiss or, in the alternative, for summary judgment in a Fair Debt Collection Practices Act case involving the alleged failure of a credit reporting agency to remove a dispute flag from the plaintiff’s account … The post Judge Denies MSJ Motions from Plaintiff, Defendant in FDCPA Case over Dispute Removal Request first appeared on Accounts
Speaker: Melissa Hurrington
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.
Nerd Wallet
JANUARY 30, 2023
Eliza Haverstock writes for NerdWallet. Email: ehaverstock@nerdwallet.com. Twitter: @elizahaverstock. The article Student Loans: 5 Biggest Winners of Biden’s New IDR Plan originally appeared on NerdWallet.
Credit Corp
FEBRUARY 1, 2023
According to the National Retail Federation, almost half of all consumers say they expect to file their taxes in February. Those who are expecting refunds often want to get their returns in early to maximize the chances of a quicker refund. If you know you’ll owe taxes, you might push off filing your refund until April so you have more time before you pay it, but what happens if you file your taxes late?
PDC Flow
JANUARY 31, 2023
Validating credit card information before a transaction is submitted can eliminate failed payments. To help merchants ensure card data is accurate before a transaction is processed, PDCflow announces the new Card Verify feature. Card Verify Benefits Companies with too many failed credit card payments lose out on revenue and waste staff time contacting customers for alternative card numbers.
Account Recovery
FEBRUARY 3, 2023
A pair of collection operations have waived their rights to a hearing before the Minnesota Department of Commerce and agreed to fines — one for $10,000 and one for $7,000 — for engaging in unlicensed collection activity in the state. RSI Enterprises has been fined $10,000 and Advanced Portfolio Group has been fined $10,000 — … The post Minn.
Speaker: Susan Richards
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.
Nerd Wallet
JANUARY 30, 2023
Sam Taube writes for NerdWallet. Email: staube@nerdwallet.com. Twitter: @samuel_taube. The article What to Expect From the First FOMC Meeting of 2023 originally appeared on NerdWallet.
PBWT
JANUARY 30, 2023
The concept of “property of the estate” is important in bankruptcy because it determines what property can be used or distributed for the benefit of the debtor’s creditors. Defined by section 541 of the Bankruptcy Code, “property of the estate” broadly encompasses the debtor’s interests in property, with certain additions and exceptions provided for in the Code.
Sawin & Shea
FEBRUARY 1, 2023
The time period leading up to filing for bankruptcy is extremely stressful, as you know. You probably heaved a sigh of relief once you received your case number and were assured that an automatic stay was in effect. Fielding constant phone calls from creditors can be unnerving and stressful – and stress can have a cumulative effect on your physical health as well as your emotional well-being.
Account Recovery
FEBRUARY 3, 2023
I can’t speak for you, but I am fascinated by the differences from one city to the next, one state to the next, and one country to the next. Whether you call it pop, soda, or Coke, use your thumb to point instead of your index finger, or spit on the bride at a wedding, … The post U.K. Collection Agency in Hot Water After Being Caught Breaking into Homes first appeared on AccountsRecovery.net.
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.
Nerd Wallet
JANUARY 30, 2023
Holden Lewis writes for NerdWallet. Email: hlewis@nerdwallet.com. Twitter: @HoldenL. The article February Mortgage Rates on the Downslope by End of Month originally appeared on NerdWallet.
PBWT
JANUARY 29, 2023
In 2022, there were several high-profile crypto bankruptcy filings. A big question in these cases is whether there will be any money to satisfy unsecured creditor claims. If there are funds to distribute, then the creditors’ claims will become more valuable, and the cases will become even more interesting. Because crypto companies do not have much physical inventory, real estate or other tangible assets to liquidate, it can be hard to imagine what assets will be available to help satisfy c
UK debt collections
FEBRUARY 3, 2023
Following an investigative report from the Times , Utility Debt Collection Agency Arvato Financial Solutions as insisted they act in compliance with regulation The Times report alleges that Arvato, while acting a utility debt collection agency for for British Gas, ignored the vulnerabilities of customers and forcibly entered homes to prepayment gas meters.
Account Recovery
FEBRUARY 3, 2023
COMPLAINT ALLEGES CONFUSION BETWEEN WHO OWNED DEBT AND TO WHOM DEBT WAS OWED The issues related to making sure a consumer recognizes the debt being referenced in a collection letter (or notice) while also making sure to identify the current creditor to whom the debt is owed is not an easy needle to thread. Leave … The post Daily Digest – February 3.
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Nerd Wallet
JANUARY 30, 2023
Kate Ashford, CSA® writes for NerdWallet. Email: kashford@nerdwallet.com. Twitter: @kateashford. The article Why Do So Many Older Adults Choose Medicare Advantage? originally appeared on NerdWallet.
Jimerson Firm
JANUARY 30, 2023
Many homeowners in Florida are no stranger to experiencing damage to their roof during hurricane season. Before May 26, 2022, the rule in Florida was that, if more than 25% of a roof needed to be repaired or replaced, then the entire roof system was required to be replaced to bring the entire roof up to code (the “25% Roof Replacement Rule”). However, on May 26, 2022, SB 4-D took effect, which eliminated Florida’s 25% Roof Replacement Rule.
UK debt collections
JANUARY 30, 2023
Government Minister Nadhim Zahawi has come under criticism for chasing unpaid commercial rent during the pandemic. His firm Zahawi and Zahawi Ltd owns a number of Commercial properties in Birmingham. A barber said he was forced to liquidate his business after being hounded by under-fire minister Nadhim Zahawi’s family firm. Jafar Jahromi, 57, was among small businesses chased for unpaid rent during the pandemic by Zahawi and Zahawi Ltd.
Account Recovery
FEBRUARY 3, 2023
EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more? Call … The post Complaint Alleges Confusion Between Who Owned Debt and To Whom Debt was Owed first appeared on AccountsRecovery.net.
Speaker: Debra L. Robinson
CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.
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