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Seeking to offer consumers more ways to settle their unpaid debts, a husband and wife team fro Wisconsin have launched a new platform that was recently profiled in a media publication. Called Debtle, the platform offers creditors the opportunity to accept “alternative payments” beyond traditional checks and credit and debit cards. Options like opt-in payment … The post New Platform Offers ‘Innovative’ Options to Repay Debts appeared first on AccountsRecovery.net.
Within an accounting department, a credit manager's job is to determine the creditworthiness and credit risk of clients. By setting up clients in this way, along with the implementation of a credit policy, your accounts receivable department can be more successful, cash flow is boosted and the risk of non-paying clients is reduced. Here are best practices for creating a business credit policy.
If you’re a procrastinator and your passport is set to expire, hopefully you don’t have an international trip planned within the next four months (at least). The U.S. Department of State is warning of massive delays in turnaround times both for issuing new — and renewing existing — passports. If you’re renewing an existing passport. Sally French writes for NerdWallet.
This is a question we get asked all the time and our answer is always the same- absolutely you should. But give them one final chance and don’t ever give them longer than 24 hours to respond or pay. Short, sharp deadlines. The time for chit chat and niceties is over. You mean business and they can either pay you today or deal with the debt collectors tomorrow.
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?
JUDGE GRANTS MTD IN FDCPA CASE OVER ALLEGEDLY INSUFFICIENT VALIDATION INFORMATION There is no doubt that consumers are often confused by the information that is sent to them by debt collectors. It is the very reason why courts have instituted the least sophisticated consumer standard, a lens through which judges can determine whether even the … The post Daily Digest – September 17.
Becoming an authorized user is a common tip for individuals trying to build their credit. But what about the people who are being asked to add authorized users? How do authorized users affect you and your credit scores? As long as you’re making payments on time and neither of you run up a lot of debt, you shouldn’t see much effect on your credit reports.
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Becoming an authorized user is a common tip for individuals trying to build their credit. But what about the people who are being asked to add authorized users? How do authorized users affect you and your credit scores? As long as you’re making payments on time and neither of you run up a lot of debt, you shouldn’t see much effect on your credit reports.
Student loan debt is often seen as a crisis for millennials and Generation Z, but the truth is the financial impact of the more than $1.7 trillion in education debt [1] can be felt across generations. Parent PLUS loan debt — currently exceeding $100 billion [2] — is one such example. Parent PLUS loans are. Erin El Issa writes for NerdWallet. Email: erin@nerdwallet.com.
The intelligent, client-branded product for delinquent accounts uses a patented, machine learning-driven decision engine to engage customers and boost recovery rates. Lenexa, KS – Sept. 16, 2021 – TrueAccord Corporation, which offers intelligent digital recovery and communication products and services, today launched Retain , a new, client-branded product that addresses early-stage collection challenges for lenders and other organizations with customers with past-due delinquent accou
The Court of Appeals for the Seventh Circuit has affirmed a lower court’s ruling that a collector did not violate the Fair Debt Collection Practices Act by attempting to collect attorney’s fees and fees-on-fees after filing a collection lawsuit against an individual. A copy of the ruling in the case of Robbins v. MED-1 Solutions … The post Appeals Court Affirms Ruling in FDCPA Fees-on-Fees Case appeared first on AccountsRecovery.net.
Home ownership is a principle part of the American dream. Homes are special places, too—they’re where people make memories, raise children and spend precious time. It follows, then, that you might want your home to go to a specific person when you pass away. If you’re curious about how to leave a house to someone in a will, we’re here to break it down for you.
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.
Negotiating is an important personal finance skill that can help you earn more and pay less. Whether you’re discussing a job offer, dickering at a car dealership or just trying to work out a budget with your significant other, the ability to bargain effectively can have a huge impact. You don’t have to be a. Liz Weston writes for NerdWallet. Email: lweston@nerdwallet.com.
Businesses have a problem. For decades, paper bills and telephone calls have been the standard when seeking payment from customers. Now, faster, more convenient communication options are available (and expected) by consumers. Using email to collect payments is popular, simple to implement, and creates a quicker way for people to pay their bills. Using Email to Collect Payments.
After defaulting on a credit card debt, having a judgment issued against you, and then receiving four more collection letters seeking to collect on a debt, is there anyone who thinks that the next letter is going to induce an individual to repay the debt? But because the balance was lower in that next letter, … The post Judge Grants MSJ For Defendant in FDCPA Case Over Misstated Debt Amount in Letter appeared first on AccountsRecovery.net.
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.
Health care in retirement is a big-ticket item. Experts estimate that an average 65-year-old retired couple in 2021 would need about $300,000 in after-tax savings earmarked for health care costs in their post-work life, even with Medicare, according to Fidelity. The totals are daunting, but you can take steps to keep costs as low as. Kate Ashford writes for NerdWallet.
This article originally appeared on The Financially Independent Millennial and was republished with permission. Everyone wants to enjoy a comfortable retirement , but unfortunately, this goal feels out of reach for most people. Individuals approaching retirement can increase their chances of financial stability by working to master practical skills that will be essential once the working years are in the rearview mirror.
Lenexa, KS – Sept. 16, 2021 – TrueAccord Corporation, which offers intelligent digital recovery and communication products and services, today launched Retain, a new, client-branded product that addresses early-stage collection challenges for lenders and other organizations with customers with past-due delinquent accounts. Using the company’s patented, machine learning-based and self-optimizing decision engine, Retain uses engagement … The post TrueAccord Launches Retain, a Dig
Debt Collection firms that collect monies on behalf of the BNPL (buy now pay later) sector are being targeted. Regulators have been called upon to crack down on ‘buy now, pay later’ companies. A recent scathing report revealed that one in 10 shoppers using the credit services are being chased by debt collectors amid surging demand for this form of credit.
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.
Medicare pays most costs of CPAP, a common therapy for people with obstructive sleep apnea, or OSA. To get coverage, you’ll need a physician to prescribe a CPAP machine based on tests — including a sleep study — showing that you have OSA. OSA, which afflicts 25 million adults in the United States, is a. John Rossheim writes for NerdWallet. Email: USexpansion@nerdwallet.com.
This article originally appeared on The Financially Independent Millennial and was republished with permission. The views and opinions expressed in this article are those of the author only and are not endorsed by Credit.com. Everyone can start an online business. No massive bank balance, college degree, or extensive work experience is necessary. All that’s required is an excellent idea, the right systems, and the motivation to become financially independent.
JUDGE GRANTS MSJ FOR DEFENSE IN FDCPA CASE OVER WEBSITE DISCLOSURE Sometimes, collectors will use a broad brush and expansive statements to try and cover as much ground as possible when letting consumers know about the rules and regulations related to collecting on unpaid debts. Those statements do not specifically violate the Fair Debt Collection … The post Daily Digest – September 13.
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.
Original Medicare doesn’t pay for dentures or related dental appointments for fittings or tooth extractions. To get some coverage of these substantial costs, you’ll need to enroll in Medicare Advantage or private dental insurance. Medicare excludes all dental services, except in some specific and unusual circumstances where dentistry or oral surgery is required in a.
The Consumer Financial Protection Bureau (CFPB) today released a report warning that millions of renters and their families may suffer previously avoided economic harms of the COVID-19 pandemic as federal and state relief programs end. The report, “Financial conditions for renters before and during the COVID-19 Pandemic,” finds that some government relief efforts likely helped maintain the financial stability of renters and their families, suggesting that many may be at risk as those programs ex
The Attorney General of Colorado has reached a settlement with one of the nation’s largest subprime auto lenders that will see the company pay more than $3 million in consumer relief while also requiring it to amend its origination and collection practices, including not requiring consumers to make payments through methods that require consumers to … The post Colo.
In some ways, the digital era has made it easier to stay connected. In other ways, it's made it easier for people to disappear. You may have heard of it before, but what is skip tracing exactly? And what's the importance of skip tracing to locate hard-to-find people? We'll answer these questions and more, so keep reading.
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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