NCBA Law Practice Management Blog
JULY 6, 2021
Attorneys hate to think of themselves as ‘salespeople’ – but, if you’re a law firm owner/manager, you’re selling things the same way everyone else who owns a business is selling things. Though, you might not be selling what you think you are. Legal consumers are not like you : They don’t know as many Latin phrases as you do. They don’t care about arcane statutes.
Collection Industry News
JULY 6, 2021
Source: site. When Mark Marcott went to SSM Health St. Mary’s Hospital in Madison for serious side effects of a medication in November 2019, he said he was told the services would be covered even though he didn’t have health insurance after recently losing a job. Watch now: Dane County officials announce end of COVID-19 restrictions. ? ?. Mark Marcott.
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Payment Savvy
JULY 7, 2021
Many people think of credit cards when discussing an electronic payment solution. However, there are other reliable options available. All offer varying benefits. Thanks to advancements in technology, businesses now offer their clients fast and convenient payment services. Standard payment options favored by companies include paper checks, ACH payments, and credit and debit card acceptance.
Account Recovery
JULY 9, 2021
The Pennsylvania Higher Education Assistance Agency, one of the largest student loan servicers in the country, announced yesterday that it will stop servicing federal student loans by the end of this year, citing the increasing complexity and cost of handling loans on behalf of the Department of Education. The announcement affects about 9 million individuals … The post PHEAA Announces Exit From Servicing Federal Student Loans appeared first on AccountsRecovery.net.
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
JULY 9, 2021
If your business sends invoices or bills on credit or at recurring intervals, you likely have customers who pay late or not at all. Delinquent customer accounts can affect everything from paying business expenses to destroying business relationships. Customers may be paying late due to a number of reasons, including lost invoices, expired credit cards, or the inability to pay.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Nerd Wallet
JULY 7, 2021
While the first electric vehicles were great for commuting, their limited range — about 100 miles on a charge — kept them close to home. Now a bumper crop of new electric cars, with bigger batteries and fast charging connectors, is headed for the market, allowing EV drivers to expand their horizons. “Once you see. Philip Reed writes for NerdWallet. Email: articles@nerdwallet.com.
Account Recovery
JULY 9, 2021
The Attorney General’s office of Colorado will be holding a virtual meeting next week to discuss components of a new student loan servicing and collection law and draft rules that it has issued which are open to feedback from interested stakeholders. The meeting will take place on Wednesday, July 14 at 10am MT via Zoom. … The post Colo. AG to Hold Meeting to Discuss Rules Related to New Student Loan Servicing and Collection Law appeared first on AccountsRecovery.net.
Receivables Control
JULY 9, 2021
How quickly you get your AR back to “normal” depends on many factors. Sixteen months have passed since Covid-19 caused a global health crisis and economic upheaval. Prior to discussing AR, we must pause a moment and reflect on the friends and loved ones lost and the subsequent disruption. The disruption to everyday life has been immense and felt across the world.
American Profit Recovery
JULY 5, 2021
While there may be many unknowns when running a small or large business, one thing we know for sure is that late-paying customers and clients are part of operating any size business. If you have clients, there will be a percentage of them that will either pay late or in some cases not pay at all. Before we get into some of our tips for dealing with customers that do not pay, we would love to offer you some sound advice as you navigate this part of your business.
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
JULY 6, 2021
Many people make detailed plans to take care of loved ones and handle their personal affairs in the future, using legal tools such as wills and trusts. For business owners, there are additional considerations to make when figuring out how to exit their business once they retire, become unable to manage the day-to-day operations or. Tiffany Lam-Balfour writes for NerdWallet.
Account Recovery
JULY 9, 2021
A District Court judge in Florida has denied a defendant’s motion to stay a Hunstein case, ruling that the pending en banc petition in Hunstein before the Eleventh Circuit Court of Appeals “does not affect the precedential value” of the ruling, “which is the law of this circuit.” A copy of the ruling in the … The post Judge Denies Defendant’s Stay Request in a Hunstein Case appeared first on AccountsRecovery.net.
Credit Corp
JULY 7, 2021
When your children are young, it can be impossible to imagine entrusting them with a credit card. Yet eventually, they’ll reach the age where they will need to make their own purchases without you. It could be a movie ticket, lunch with friends, or a few items on your grocery list, but the time will come when you will want your child to have his or her own credit card.
Fico Collections
JULY 7, 2021
Following the release of the FICO® Score 10 Suite for lenders in 2020, FICO has announced the general availability of industry-specific versions of FICO® Score 10 for U.S. auto lenders and credit card issuers. The industry-tailored scores in the FICO® Score 10 suite are now available from all three major U.S. credit bureaus. Developed using recent data, FICO® Bankcard Score 10 and FICO® Auto Score 10 reflects FICO’s practice of continual innovation to address market and data evolutions.
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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.
Nerd Wallet
JULY 7, 2021
So you want to travel on a budget. Who doesn’t? Yet it’s easy to get overwhelmed by all the cheap travel tips, hacks and strategies out there that promise unbelievable deals on airfare and hotels. In reality, there’s only one important tactic for traveling cheaply: being flexible with your travel dates, destination and plans. It. Sam Kemmis writes for NerdWallet.
Account Recovery
JULY 9, 2021
A District Court judge in New Jersey has denied a plaintiff’s motion to certify a class in a Fair Debt Collection Practices Act lawsuit, ruling that the different letter templates used by the defendant and the different language included in those templates requires individualized inquiries into whether the letters received by the members of the … The post Judge Denies Certification in FDCPA Suit Over Credit Reporting Language in Letter appeared first on AccountsRecovery.net.
Jimerson Firm
JULY 7, 2021
On June 14, 2021, the Florida Legislature sent Senate Bill 630 to Governor DeSantis to be signed into law. Senate Bill 630 went into effect on July 1, 2021. Senate Bill 630 contains many changes to Chapters 718 and 720, Florida Statutes, which govern condominium and homeowners’ associations, respectively. Most of the changes in Senate Bill 630 are minor, clarifying the language of the existing statutes rather than substantively changing the law.
Credit Corp
JULY 6, 2021
This article was originally published on The Best Interest Blog and has been republished here with permission. A note from a dedicated reader inspired today’s article. It’s a question about the stock market and investing at all-time highs. It reads: Hey Jesse. So, back in March you said that you were going to keep on investing despite the major crash.
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.
Nerd Wallet
JULY 8, 2021
Starting this month, the free breakfast benefit bestowed upon Hilton Honors members with Gold or Diamond elite status is going away (for now) at certain brands. But, depending on your travel style, the replacement benefit might actually be even better. From July 2021 through the end of the year, Gold and Diamond members will receive. Sally French writes for NerdWallet.
Account Recovery
JULY 8, 2021
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 Dale Golden of G
Jimerson Firm
JULY 6, 2021
Managing partner Charles Jimerson recently spoke to NBC 6 South Florida about the gap in Florida’s condominium laws. Only two counties in the state require a 40-year recertification process even though Florida has the most condominiums of any U.S. state. As investigations continue into the Champlain Towers South building collapse in Surfside, Florida, the safety of these self-governing communities is now being examined.
PDC Flow
JULY 6, 2021
Listening to customers is an essential part of software development. At PDCflow, we’re lucky to have a listening expert on our team in Product Manager Kristen Makanoa. She became part of the team in 2020 – but starting a new position during such a disruptive time didn’t slow her down. Kristen got right to work, listening to customer feedback and facilitating internal communication.
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?
Nerd Wallet
JULY 6, 2021
The jokes about millennials being perpetual children are aging about as quickly as millennials themselves. With the eldest of our generation pushing 40, lately we’re less about rosé all day and more about term life insurance. The geriatric among us were already working (or trying to) when the Great Recession hit. And now, some of. Sara Rathner writes for NerdWallet.
Account Recovery
JULY 8, 2021
A petition has been filed with the Federal Communications Commission seeking to clarify whether a ringless voicemail constitutes a call under the Telephone Consumer Protection Act’s prohibitions against using an automated telephone dialing system to contact an individual on his or her cell phone without first having consent to do so. The petition was filed … The post Petition Filed With FCC to Clarify Whether Certain Ringless Voicemails Count as Calls Under TCPA appeared first on Acc
Debtor Daddy
JULY 4, 2021
Most businesses are not managing their debtors effectively and efficiently. Many don’t even realise it because they’re doing what they’ve always done. It’s not great, but it gets the job done most of the time, well at least until something changes, like a person leaving, COVID or a period of rapid growth. The good news is that we’ve learned how to make debtor management easy, time-efficient and highly effective for any business.
True Accord
JULY 8, 2021
Generally, when talking about artificial intelligence (AI) in regards to medical collections, we hear about how it has automated the once-painstaking process of medical coding for billing. But why stop there? With all of its capabilities, AI has much more impressive and patient-facing applications when used to improve customer experience, especially in the healthcare industry which is increasingly digital-first and self-serve.
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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.
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