Account Recovery

SEPTEMBER 13, 2021

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.

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Creditors 246

Enterprise Recovery

SEPTEMBER 17, 2021

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.

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Creditworthiness Credit Management 185

Nerd Wallet

SEPTEMBER 15, 2021

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.

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Collect More

SEPTEMBER 15, 2021

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.

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Debt collector Collections 100

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

SEPTEMBER 17, 2021

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.

Debt collector 245

Debt collector 245

Nerd Wallet

SEPTEMBER 14, 2021

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.

Student Loans 122

Student Loans Student loans Loans Education 122

True Accord

SEPTEMBER 16, 2021

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

Collections 83

Collections Lender Creditors 83

Account Recovery

SEPTEMBER 15, 2021

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.

Fair Debt Collection 245

Fair Debt Collection Collections 245

Credit Corp

SEPTEMBER 14, 2021

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.

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Lawyers 98

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

SEPTEMBER 16, 2021

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.

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Consumer Finance

SEPTEMBER 16, 2021

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

Government 81

Government 81

Account Recovery

SEPTEMBER 14, 2021

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.

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Credit Card Debt Judgment Collections 245

Prosperity Now

SEPTEMBER 13, 2021

On September 15, millions of families will receive the third installment of the monthly Child Tax Credit (CTC) payments that

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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

Nerd Wallet

SEPTEMBER 14, 2021

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.

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PDC Flow

SEPTEMBER 14, 2021

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.

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Collections Healthcare Banks 81

Account Recovery

SEPTEMBER 17, 2021

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

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Collections Lender 244

Credit Corp

SEPTEMBER 15, 2021

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.

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Personal loans Loans 75

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

SEPTEMBER 15, 2021

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.

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Consumer Finance Watch

SEPTEMBER 14, 2021

Wayne Streibich, Diana M.

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Foreclosure Financial Institution Lender 74

Account Recovery

SEPTEMBER 13, 2021

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.

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Lender Fair Debt Collection Collections 244

Credit Corp

SEPTEMBER 17, 2021

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.

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Manufacturing Healthcare Loans Education 75

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

SEPTEMBER 14, 2021

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.

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UK debt collections

SEPTEMBER 14, 2021

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.

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Debt collector Collections Retail Collection Agencies 74

Account Recovery

SEPTEMBER 13, 2021

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.

Lender 244

Lender Collections 244

Micro Bilt

SEPTEMBER 13, 2021

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.

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Collections 63

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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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