Account Recovery

DECEMBER 5, 2022

While the fate of the Consumer Financial Protection Bureau may rest in the hands of the Supreme Court, consumers of all political affiliations are in favor of the Bureau’s efforts to protect consumers from abusive and fraudulent financial products, according to the results of a poll that was released last Friday. The poll was commissioned … The post Poll Reveals Consumers’ Feelings About CFPB, Debt Collection Activities first appeared on AccountsRecovery.net.

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Collections 245

Chargent

DECEMBER 6, 2022

Automated Collections Software Works for Your Business When it comes to collections activity, every dollar, and every minute counts. Chargent’s Automated Collections add-on is a powerful dunning tool that does the heavy lifting of collecting late and failed payments - right in Salesforce. You’ll realize immediate ROI, saving time and money by reducing manual [.].

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Collections 52

Nerd Wallet

DECEMBER 7, 2022

Welcome graf This week’s question graf, starting with a bold sentence: Then we pivot to this week’s question, from XXX. They say, “…” (CHECK TO BE SURE THIS EXACTLY MATCHES THE QUESTION QUOTED IN TRANSCRIPT) Edit lightly if needed for clarity. Check out the Smart Money podcast on any of these platforms: (REMEMBER THESE NEED. Anna Helhoski writes for NerdWallet.

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Enterprise Recovery

DECEMBER 9, 2022

The objective of an effective collections policy is to ensure that clients pay on time. The policy will also determine what happens when the client doesn't pay within the timeframe of their payment terms. When your business is struggling with cash flow or falling behind on collecting what's owed, it could be a sign that the policy needs updating. Here are signs that your B2B collections policy isn't working.

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Collections 211

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

DECEMBER 9, 2022

A District Court judge in Indiana has granted a motion to vacate a default judgment that was entered against a defendant in a Fair Debt Collection Practices Act case, ruling that the plaintiff never properly served the defendant with the summons and complaint, after the defendant removed the case to federal court. A copy of … The post Judge Vacates Default Judgment Against Defendant in FDCPA Suit first appeared on AccountsRecovery.net.

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Judgment Fair Debt Collection Collections 246

Nerd Wallet

DECEMBER 6, 2022

The economic environment for starting a small business is significantly less hospitable than it was a year ago, according to new data from NerdWallet’s Small-Business Opportunity Index, and the increasingly unfavorable conditions have some small-business experts advising would-be entrepreneurs to prepare for rougher-than-usual starts — or even to put their business plans on hold.

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Sawin & Shea

DECEMBER 7, 2022

The holidays are here once again. And although this is a season of joy, it’s also a time of overwhelming financial stress. If you’re struggling with crippling debt this holiday season, filing for bankruptcy may be your best option for getting your finances back on track. Fortunately, filing for bankruptcy offers debt relief to help you get your finances back in order, but you’ll need to avoid certain pitfalls when filing, such as overspending or accumulating more debt.

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Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Creditors 98

Account Recovery

DECEMBER 8, 2022

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 Justin Miller of

Accounts Receivables Management 246

Accounts Receivables Management 246

Fico Collections

DECEMBER 7, 2022

Home. Blog. FICO. In-depth look at the distribution of average U.S. FICO® Scores in 2022. The national average FICO Score did not go up for the first time in over a decade, a trend that’s seen at the city and state level across the nation. KristinaRobinson@fico.com. Tue, 08/30/2022 - 13:08. by Tom Quinn. expand_less Back To Top. Wed, 12/07/2022 - 13:00.

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Consumer Credit 97

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

Nerd Wallet

DECEMBER 9, 2022

Eliza Haverstock writes for NerdWallet. Email: ehaverstock@nerdwallet.com. Twitter: @elizahaverstock. The article Even With Payments Paused, Student Loan Borrowers Struggle originally appeared on NerdWallet.

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Student loans Student Loans Loans 103

Prosperity Now

DECEMBER 7, 2022

The average Latina woman would have to work 70 years to earn what the average White man earns over a typical 35-year

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Account Recovery

DECEMBER 8, 2022

Surprising probably exactly zero people, Rep. Patrick McHenry [R-N.C.] was selected yesterday to be the next chair of the House Financial Services committee. Rep. McHenry, who has been ranking member of the committee for the past two years, will take over for Rep. Maxine Waters [D-Calif.] when the new congressional term is gaveled into session … The post McHenry Tapped to Lead House Financial Services Committee first appeared on AccountsRecovery.net.

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Financial services 246

Credit Corp

DECEMBER 6, 2022

Article originally published July 13th, 2016. Updated December 6th, 2022. Just a few years ago, nearly one in three drivers chose to lease rather than purchase a vehicle. Today, however, less than one in five drivers lease their cars. Why such a dramatic shift? While there are many reasons for this change, the primary cause for this drop in leased vehicles is cost.

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Loans Lender Banks Financial Institution 75

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Collection Agencies

Nerd Wallet

DECEMBER 6, 2022

Sam Taube writes for NerdWallet. Email: staube@nerdwallet.com. Twitter: @samuel_taube. The article What You Need to Know About the New Robinhood IRA originally appeared on NerdWallet.

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CICM

DECEMBER 9, 2022

On Wednesday, 23rd November, CICM and Head of Accreditation Karen Tuffs FCICM hosted an exclusive CICMQ virtual event with our prestigious accredited companies in attendance. The event, ‘ Supporting Our Network Through Challenging Economic Times’ , asked our companies about the current economic situation, how they were putting the well-being of their employees into practice and any adjustments for their customer’s payment terms.

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Construction Credit Management Collections Government 71

Account Recovery

DECEMBER 8, 2022

Regulation F has had “little effect” on the communication methods used by third-party debt collectors, with email communications placing a “distant third” behind letters and phone calls attempting to get in touch with consumers to pay their unpaid debts, according to a report released yesterday by TransUnion on the third-party collection market.

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Third-party Debt Collectors Debt collector Collections 246

UK debt collections

DECEMBER 8, 2022

More UK energy firms are predicted to go bust in 2023 according to one expert. The boss of Centrica, parent company of British gas made the stark prediction that many UK energy firms are already insolvent. Centrica Chief Executive Chris O’Shea is reported in the Daily Mail as suggesting some small energy firms have already run out of cash. This would render them as technically insolvent which makes for uncomfortable reading for many.

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Retail Government Trade 59

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

DECEMBER 8, 2022

Spencer Tierney writes for NerdWallet. Email: spencer.tierney@nerdwallet.com. Twitter: @SpencerNerd. The article Ask a Nerd: How Should I Set Up My Bank Accounts? originally appeared on NerdWallet.

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Banks 96

On Guard

DECEMBER 9, 2022

A whopping 41% of finance professionals expect big data to be the gamechanger within the industry. The FinTech Barometer, Onguard’s annual finance survey, shows for several consecutive years that the availability of data is of great importance to organisations. In as many as 95% of companies, data plays a role. Graydon research, for example, shows that companies that use big data in their decision-making and business processes perform 20% better than those that do not.

Credit Management 52

Credit Management Debtor Acquisition Financial services 52

Account Recovery

DECEMBER 8, 2022

GETTING TO KNOW JUSTIN MILLER OF VITAL SOLUTIONS Grit and empathy — the two most important components of the genetic code that make up successful professionals in the accounts receivable management industry. Justin Miller — back for his second stint at Vital Solutions — definitely has both, which is what has allowed him to scale … The post Daily Digest – December 8.

Accounts Receivables Management 246

Accounts Receivables Management 246

UK debt collections

DECEMBER 6, 2022

The government is to review worsening UK Small Business late payments it has been announced. Business secretary Grant Shapps said the review was to stop larger companies “ripping off” their smaller counterparts. The government also urged larger businesses to pay their suppliers promptly. It warned that small businesses spend significant time and resources chasing late payments from businesses they supply, which can lead to cash flow problems.

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Government Lender Collections Banks 59

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

Nerd Wallet

DECEMBER 5, 2022

Few people can say that an episode of “Wheel of Fortune” changed the course of their life. Susan and Mike Pappas were in the midst of planning their retirement, with plans to soon move out of Santa Cruz, California. Settling in to watch “Wheel” one night, the couple saw Jimmy Buffet advertising his Latitude Margaritaville. Taylor Getler writes for NerdWallet.

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Collections Law

DECEMBER 9, 2022

Collecting on a debt owed by another business is not always an easy task. Those who are looking for effective and aggressive legal options to collect on outstanding debts can find the advocacy they need with the attorneys at the Law Offices of Alan M. Cohen who have helped businesses collect on outstanding debt since 1994. What collection options are available in Massachusetts?

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Collections Debtor Creditors Banks 52

Account Recovery

DECEMBER 7, 2022

A District Court judge in Colorado has denied a defendant’s motion to dismiss in a class-action Fair Debt Collection Practices Act case, ruling that a document it sends to individuals who are being evicted by their landlords was sufficiently alleged by the plaintiff to be a deceptive communication claim and that the actions of the … The post Judge Denies MTD in FDCPA Class Action Over Eviction first appeared on AccountsRecovery.net.

Fair Debt Collection 246

Fair Debt Collection Collections 246

On Guard

DECEMBER 9, 2022

A whopping 41% of finance professionals expect big data to be the gamechanger within the industry. The FinTech Barometer, Visma | Onguard’s annual finance survey, shows for several consecutive years that the availability of data is of great importance to organisations. In as many as 95% of companies, data plays a role. Graydon research, for example, shows that companies that use big data in their decision-making and business processes perform 20% better than those that do not.

Credit Management 52

Credit Management Debtor Acquisition Financial services 52

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Collections