Collect More

JUNE 29, 2021

One of the first things you should do if your overdue customer is also a business is identify their structure- go to www.abr.business.gov.au and search their name. If they are a Pty Ltd company then it’s worth doing a company search- what you are trying to find out is: – Who the directors are, bearing in mind they are often not the person you’ve been dealing with. – What their Registered Office address is (if it is their Accountants like most companies, then you can call

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Collections 100

FFGN COLLECT NY

JUNE 30, 2021

Today, you have six years to collect monies owed from consumer credit transactions. However, a bill approved by the New York Senate seeks to shorten the time to collect consumer credit transactions to three years. In a continuing effort to avoid deceptive collection practices and inequities, the Senate approved Bill S153. The Consumer Credit Fairness Act will impact creditors and consumers in the transaction of and collection of New York debt collection and is a clear signal of things to follow.

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Collection Industry News

JUNE 28, 2021

Source: site. California lawmakers have advanced a budget proposal to stop collecting child support debt from some parents who are receiving cash assistance, but the proposed solutions are a far cry from what advocates for those debt-holders sought in January. The Legislature’s budget proposal would reduce or expunge debt owed to the government – not the debt owed to families – for parents whose only source of income is from Supplemental Security Income or State Supplementary Payment, the Cas

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Account Recovery

JULY 2, 2021

By virtue of not vetoing it, a new law has been enacted in Maine that expands the protections consumers will have with respect to garnishments, including for the first time, funds that consumers have in their bank accounts. This is the first time that Maine has updated its garnishment protections since the 1980s, according to … The post Maine Enacts Law Raising Garnishment Protections appeared first on AccountsRecovery.net.

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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 2, 2021

When hiring someone to manage accounts receivable and collections, you're effectively putting your business in their hands. Think about it. If you need to ensure payroll and other business expenses are paid, you need working capital. The best way to gain working capital is to improve DSO ( days sales outstanding ) or the amount of time it takes to collect from credit sales.

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Nexa Collect

JULY 1, 2021

With so many people moving all across America, storage and moving companies are in huge demand. However, many customers do not pay on time, leaving the storage unit’s rent overdue by many months. Most customers who do not pay their dues know that the value of goods inside the storage unit is not worth paying the accrued rent, plus the additional expenses and effort to transfer the goods.

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Account Recovery

JULY 2, 2021

In what is reported to becoming an increasingly common development in Fair Debt Collection Practices Act cases across the country, a District Court judge in New Jersey has temporarily terminated a motion to certify a class action and issued an order to both the plaintiff and defendant in the case to submit briefs on the … The post Judge Orders Parties in FDCPA Class Action to Submit Briefs on Issue of Standing Following TransUnion Ruling appeared first on AccountsRecovery.net.

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Fair Debt Collection Collections 246

Enterprise Recovery

JUNE 29, 2021

Every time your business submits an invoice, there is the risk that the invoice will not be paid. By accounting for this in financial statements, you're able to get an accurate picture of the actual value of receivables. When you're certain that an account is not collectible, for instance, you have the option to remove it from accounts receivable in your financial books by writing it off as bad debt.

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Collections 130

Nerd Wallet

JUNE 30, 2021

When Terika Haynes landed in Mexico, she skipped the rental car — and she skipped the taxi, too. Haynes, who works as a professional travel planner, did the math and determined that a limo was the cheapest option to get her and her friends from the airport to their resort. She calculated the cost of. Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com.

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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

Nexa Collect

JUNE 28, 2021

For most small business owners, handling day-to-day operations and strategizing for the near future is enough to keep them busy. For that reason, not very many of them take the time to game out what might happen to their business if an unexpected emergency arose. And the results of that neglect have been on full display throughout the COVID-19 pandemic.

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Account Recovery

JULY 2, 2021

It’s Independence Day weekend here in the United States, so is there a better time to discuss the First Amendment to the Constitution? The timing is just coincidental, though, to Judge Howard Neilson of the District Court for the District of Utah, who relied heavily on the First Amendment’s Petition Clause to grant a defendant’s … The post Judge Uses First Amendment to Grant MTD in FDCPA Case appeared first on AccountsRecovery.net.

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Prosperity Now

JUNE 29, 2021

As we close Homeownership Month and move toward something that resembles normalcy, we need to take stock of not just

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Nerd Wallet

JUNE 29, 2021

If you’re looking for an e-commerce platform to launch a small business website, Wix, Squarespace, and WordPress are names that rise to the top of any search. Each is a multipurpose platform that supports various online pursuits, from blogging, ecommerce sales, and online bookings, to event tickets, music and photography sales, and more. Where these.

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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

Jimerson Firm

JULY 2, 2021

Over the past decade there has been a sharp rise in employment discrimination lawsuits filed by pro se plaintiffs (i.e., former employee plaintiffs who represent themselves). Although litigation against an unrepresented party may seem like a layup, it actually requires significant expense to defend because pro se plaintiffs often lack the training that is so crucial to the speedy and efficient disposition of cases.

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Account Recovery

JULY 2, 2021

JUDGE ORDERS PARTIES IN FDCPA CLASS ACTION TO SUBMIT BRIEFS ON ISSUE OF STANDING FOLLOWING TRANSUNION RULING In what is reported to becoming an increasingly common development in Fair Debt Collection Practices Act cases across the country, a District Court judge in New Jersey has temporarily terminated a motion to certify a class action and … The post Daily Digest – July 2.

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Fair Debt Collection Collections 246

Debt Recoveries

JUNE 30, 2021

A good way to reduce bad debts is having great systems in place at the beginning. One of the best tools you can have is a credit application form. Basically, this is a request, usually in writing, for an extension of credit. You can present one to your prospective customers if they are not paying upfront. . A valid credit application form will normally have the following: • Type of credit requested. • Amount of credit extended. • Cost of the credit (i.e. if you charge interest or a recovery fe

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Credit Unions Credit Unions Debt Recovery Debt collector 98

Nerd Wallet

JUNE 29, 2021

Bitcoin may be the “future of money,” but its future success is no guarantee. That’s true of any investment, and that’s why investors frequently flock to mutual funds and exchange-traded funds, which typically hold a diversified selection of stocks or other assets. But in the case of bitcoin, there is no bitcoin ETF available to. Alana Benson writes for NerdWallet.

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Trade 106

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.

Jimerson Firm

JULY 1, 2021

NBC 6 South Florida interviewed managing partner Charlie Jimerson to discuss the recent Champlain Towers South building collapse in Surfside, Florida. He provided expert legal insight on the role of condominium and homeowners associations in Florida and discussed potential regulation changes the state may see in the aftermath of this tragic event. WATCH NOW.

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Account Recovery

JULY 1, 2021

Navigating the rough waters of credit reporting is tough sailing oftentimes. Even when a company tries to do the right thing, problems can arise. One defendant is learning that after a District Court judge in Missouri partially granted and partially denied its motion for judgment on the pleadings in a Fair Credit Reporting Act and … The post Judge Partially Denies Defendant’s Motion for Judgment in FCRA, FDCPA Case Over Removal of Dispute Notification appeared first on AccountsRecove

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Judgment 246

True Accord

JULY 1, 2021

In a recent report by the Aite Group , TrueAccord was featured in the inaugural edition of the “Retail Banking & Payments Fintech Spotlight” , which highlighted disruptive fintechs with a strong focus on technologies that improve the customer experience. Analysts from Aite Group selected the six featured fintech vendors exclusively based on their level of innovation and their interesting approaches to wider business challenges facing the retail banking and payments market from both bank and

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Nerd Wallet

JULY 1, 2021

A midyear financial review is often a good idea. This year, it’s almost essential. With people going back to offices, travel resuming and Congress making significant changes to various laws affecting your finances, consider taking some time to check in on your money. You might be able to make some smart moves to reflect the. Liz Weston 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

Jimerson Firm

JUNE 28, 2021

Jacksonville, Fla. – June 28, 2021 – Jimerson Birr is proud to announced partners James O. “Joby” Birr, III and C. Ryan Maloney have been recognized among Florida Trend’s 2021 Legal Elite. This is the second consecutive year Maloney has earned the distinction, becoming the third multiyear honoree at the firm, joining Birr and managing partner Charles B.

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Account Recovery

JULY 1, 2021

To quote Ron Burgundy, “That escalated quickly.” From wondering whether a bill in Florida aimed at creating its own state version of the Telephone Consumer Protection Act would ever make it to the governor’s desk to the bill becoming law and going into effect feels like it took less than the time to type out … The post New Florida TCPA Bill Signed Into Law and Now in Effect; Kaminski Breaks Down What You Need to Know appeared first on AccountsRecovery.net.

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Consumer Finance

JUNE 27, 2021

The Consumer Financial Protection Bureau (CFPB) today finalized amendments to the federal mortgage servicing regulations to reinforce the ongoing economic recovery as the federal foreclosure moratoria are phased out and which will help protect mortgage borrowers from unwelcome surprises as they exit forbearance.

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Foreclosure 82

Nerd Wallet

JUNE 29, 2021

For those with large estates, a common question that comes up when planning for the future is how to minimize or avoid estate and gift taxes when transferring assets to heirs. One possibility: using irrevocable trusts to move assets out of one’s estate. Specifically, a type of irrevocable trust called a grantor retained annuity trust, Tiffany Lam-Balfour writes for NerdWallet.

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