Payment Savvy

APRIL 21, 2021

Once upon a time, companies around the globe incurred substantial losses due to delinquent receivables. With no clear policies on recovering past-due debts, entities, at times, engaged in unscrupulous methods to recover these owed revenues. A better way to handle this process was desperately needed. Fast forward to the present day, and professional third-party debt collection agencies have made it efficient, compliant, and cost-effective for companies to recover owed monies.

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Collection Agencies Collections Agency Collections Debtor 52

NCBA Law Practice Management Blog

APRIL 18, 2021

As is clear by now, more efficient law firms make more money than inefficient ones. The more work you can get through, the more money you make. Of course, efficiency does not build up out of thin air: you need to work for it. And, the best step to take, in terms of building law firm efficiency, is to map out everything you do. Like, literally everything.

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Credit Management Company

APRIL 20, 2021

No crystal ball has enough power to make predictions for 2021 since the pandemic is still surging in parts of the world. As we slowly return to some sense of normalcy, however, you might be wondering about the outlook for your organization’s revenue this year. Will this year be better than the last? Here we’ll review a report showing the financial implications COVID-19 might have for health organizations in 2021.

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Healthcare Credit Management Collections 52

Account Recovery

APRIL 23, 2021

A District Court judge in Pennsylvania has granted a defendant’s motion to dismiss a class-action lawsuit, ruling a plaintiff lacked standing to sue after claiming that a collector violated the Fair Debt Collection Practices Act by including “Personal & Confidential” on the outside of an envelope containing a collection letter and because “data symbols similar … The post Judge Grants MTD Over Lack of Standing on QR Code Case appeared first on AccountsRecovery.ne

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Fair Debt Collection Collections 246

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

APRIL 21, 2021

You have an amazing software idea and you're ready to make some money with it. Have you figured out your product's niche market? Have a business plan already? Are you already getting feedback from customers? These are just a few questions to consider as you take your product to market and start enjoying that recurring revenue. Use this checklist when you're ready to launch and grow your SaaS startup!

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Startups 216

Consumer Finance

APRIL 18, 2021

The Consumer Financial Protection Bureau (CFPB) today issued an interim final rule in support of the Centers for Disease Control and Prevention (CDC)’s eviction moratorium.

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Debt collector 140

Account Recovery

APRIL 23, 2021

FIRST CLASS-ACTION SUIT, POST-HUNSTEIN, FILED IN N.Y. FEDERAL COURT Well that didn’t take long. Less than a day after the Eleventh Circuit Court of Appeals issued its ruling in Hunstein v. Preferred Collection and Management Services, a class-action lawsuit has been filed in New York federal court accusing a debt collector of violating Section 1692c(b) and … The post Daily Digest – April 23.

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Debt collector Collections 246

Enterprise Recovery

APRIL 23, 2021

As a B2B business that supports other B2B businesses, we understand the value of strong client relationships. Much like other relationships, the value can increase over time, offering financial benefits through referrals and upselling. If handled correctly, these relationships can also be mutually beneficial to both parties. Here's how to create strong client relationships and reap long-term benefits.

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Nerd Wallet

APRIL 23, 2021

If your small business has employees, your business tax obligations include reporting the income and payroll taxes that you withhold from their paychecks. Typically, this information is reported using IRS Form 941, also known as the Employer’s Quarterly Federal Tax Return. However, if your business is smaller and has less tax liability, you may be. Randa Kriss writes for NerdWallet.

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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

Credit Corp

APRIL 22, 2021

If you’re ready to start thinking about your finances, we’ve got good news for you: April is Financial Literacy Month. Promoted by the Jump$tart Coalition , National Financial Literacy Month is a great time to evaluate your financial situation and make a plan to reach your financial goals. It’s a great time to teach your kids about financial responsibility, too.

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Loans 98

Account Recovery

APRIL 23, 2021

Well that didn’t take long. Less than a day after the Eleventh Circuit Court of Appeals issued its ruling in Hunstein v. Preferred Collection and Management Services, a class-action lawsuit has been filed in New York federal court accusing a debt collector of violating Section 1692c(b) and 1692f of the Fair Debt Collection Practices Act … The post First Class-Action Suit, post-Hunstein, Filed in N.Y.

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Fair Debt Collection Debt collector Collections Healthcare 246

Prosperity Now

APRIL 19, 2021

Washington, DC (April 20, 2021) – Following is a statement by Gary Cunningham , President and CEO of Prosperity Now

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Nerd Wallet

APRIL 21, 2021

When it debuted in 1998, PayPal was the first service that made electronic payments available to the masses. However, since then, many more businesses have launched as merchant services payment processors. There are a number of reasons why you might be looking for PayPal business account alternatives, including: You want a dedicated merchant account.

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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

Credit Corp

APRIL 20, 2021

This post originally appeared on The Financially Independent Millennial and has been republished with permission. Okay, so you’re tired of puttering along in that same 1996 Honda Civic with which you picked up your Homecoming date during your senior year of high school. How do you even begin? No doubt, you’ll have questions to ask when buying a used car.

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Loans Auto Insurance Banks Trade 98

Account Recovery

APRIL 23, 2021

The House of Representatives has passed a bill aimed at amending the Fair Debt Collection Practices Act to provide additional protections to servicemembers. The bill, H.R. 1491, the Fair Debt Collection Practices for Servicemembers Act, was introduced in March by Rep, Madeleine Dean [D-Penn.]. This was the second time Dean had introduced the legislation.

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Fair Debt Collection Collections 246

Consumer Finance

APRIL 21, 2021

The Consumer Financial Protection Bureau (CFPB) today issued an interim final rule in support of the Centers for Disease Control and Prevention (CDC)’s eviction moratorium.

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Collections 97

Nerd Wallet

APRIL 21, 2021

It’s a good time to be a home seller — homes are selling fast and for a premium — but that doesn’t mean you can jump into the market ill-prepared. Knowing what to expect can position you to make the most of this seller’s market. Roughly 1 in 6 (17%) homeowners plan on selling their. Elizabeth Renter writes for NerdWallet. Email: elizabeth@nerdwallet.com.

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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.

Prosperity Now

APRIL 19, 2021

The interviews with credit unions that informed this blog were made possible thanks to the support of Inclusiv whose mission

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Credit Unions Credit Unions 96

Account Recovery

APRIL 22, 2021

The shockwaves are still reverberating through the accounts receivable management industry following yesterday’s ruling in Hunstein v. Preferred Collection and Management Services, Inc., and the question on many minds is, how bad is this going to get? That question is being asked on a number of levels. The obvious level is — will consumers and … The post Assessing the Impact of Yesterday’s Ruling appeared first on AccountsRecovery.net.

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Accounts Receivables Management Collections 246

Sawin & Shea

APRIL 20, 2021

When an Indiana homeowner is unable to make their mortgage payments, the lender eventually starts a foreclosure. The foreclosure process, if left to proceed, ultimately results in the house being sold off to settle all or part of the debt. This is a nightmare for a family that’s already struggling to make ends meet. Your unpaid bills are piling up and now your home is gone too.

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Nerd Wallet

APRIL 19, 2021

Unlike individual taxpayers who only have to file one tax return per year, most businesses are required to file quarterly tax returns. On Form 941, also known as the Employer’s Quarterly Federal Tax Return, businesses must report the income taxes and payroll taxes that they’ve withheld from their employees’ wages — as well as calculate and. Priyanka Prakash 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

APRIL 21, 2021

The cost of insurance can be a big hit to your personal bottom line. That’s especially true when you consider all the types of coverage you may need to pay for, including auto , health , and life insurance plans. Here are some tips for how to budget for insurance without compromising your lifestyle. Steps for Budgeting for Insurance. In addition to being legally required in many instances, insurance is often a good investment for your wallet and your peace of mind.

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Auto Insurance Home Insurance 81

Account Recovery

APRIL 22, 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 Don Siler of Cre

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Accounts Receivables Management 246

PBWT

APRIL 21, 2021

In January, we reported that the Supreme Court had resolved a split among the Circuit Courts of Appeals regarding property seized from a debtor pre-petition, holding that “merely retaining possession of estate property does not violate the automatic stay.” [1] The underlying dispute in Fulton arose when individual debtors demanded that the City of Chicago return cars that were impounded for non-payment of various municipal parking and traffic violations immediately upon the filing of

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Debtor Bankruptcy Creditors Collections 65

Nerd Wallet

APRIL 22, 2021

Pandemic-related job losses forced many older Americans out of the workplace in the past year, perhaps permanently. But the COVID-19 crisis also seems to have delayed some retirements. Remote work eliminated commutes and often allowed more flexible schedules with fewer interruptions. At the same time, the pandemic restricted many traditional retirement activities, including travel and.

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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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