Collections Law

JANUARY 19, 2022

Though you always hope your customers will pay their bills on time, delinquent debtors are an unfortunate but normal part of doing business. You can take steps to protect yourself and your company, however. At Law Offices of Alan M. Cohen LLC, our experienced commercial collection attorneys have been helping businesses recover debt since 1994. We are familiar with every legal option you have in Massachusetts for collection and offer the following tips for collecting on delinquent accounts: Start

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Collections Commercial Collection Lawyers Debtor 52

Debtor Daddy

JANUARY 16, 2022

With the difficulties that 2020 and 2021 brought business, it’s clear that implementing smart technology will be a key priority for finance leaders across 2022. In this post, Debtor Daddy looks at five key trends we’re predicting in accounts collections this coming year. Increasing automation. In a recent survey PWC found that 68% of CFOs were planning to increase their investment in digital transformation in the next 12 months.

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American Profit Recovery

JANUARY 18, 2022

By Angela: A lot of what we do is simply understanding and reasoning with our consumers. We work hard to build rapport and keep relationships for our clients so that their consumers have a good experience with us. While some people have these pre-determined ideas of how we don’t understand nor care before calling us, the truth is we are everyday people, all facing similar battles.

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Collections 223

Account Recovery

JANUARY 21, 2022

EDITOR’S NOTE: The following was written by Ronald S. Canter and is being republished with his permission. On January 19, 2022, the Fourth Circuit Court of Appeals in Alexander v. Carrington Mortgage Services, LLC (Case No. 20-2359, 2022 WL 164018), reversed the dismissal of a class action filed by two Maryland borrowers claiming that the … The post Appeals Court Reverses Dismissal of Class Action Over Online Convenience Fees 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

JANUARY 21, 2022

As part of setting up your accounts receivable department for success, it's important to define responsibilities, create job roles and policies to ensure things run smoothly. These roles and policies will include approving clients for credit, setting payment terms and approved methods of payment, invoicing procedures, and what to do if the client doesn't pay on time.

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Collections 186

Nexa Collect

JANUARY 19, 2022

If you think that ignoring written demands and calls from a collection agency will spare you from all the consequences, then you are wrong. A debt collector has several ways to find your latest address, phone number, and employer information. This process is called skip tracing. Your credit card address, your USPS change of address, address on your most recent bills are collected by data aggregation companies and/or credit reporting agencies.

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Account Recovery

JANUARY 21, 2022

The Internal Revenue Service “is in crisis” after its most “challenging” year ever in 2021, writes the agency’s Taxpayer Advocate Office in its annual report to Congress, noting that the agency is processing more returns than ever while relying on software that is six decades old. The IRS is scheduled to start accepting returns on … The post IRS in ‘Crisis’ as 2022 Tax Season Set to Kick Off appeared first on AccountsRecovery.net.

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Sawin & Shea

JANUARY 19, 2022

Filing your taxes and filing for bankruptcy are two things that can be confusing and challenging on their own. When you put the two together, it can cause debtors even more stress. However, understanding the basics and what to look out for can make the whole situation a lot easier. Filing your taxes after filing for bankruptcy is not as complicated as it may seem, and if you are still confused after doing some research, you can always reach out to a bankruptcy lawyer.

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Bankruptcy Chapter 7 bankruptcy Chapter 13 bankruptcy Debtor 119

Consumer Finance

JANUARY 19, 2022

Today, the Consumer Financial Protection Bureau (CFPB) announced it will begin examining the operations of post-secondary schools, such as for-profit colleges, that extend private loans directly to students.

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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

Nerd Wallet

JANUARY 15, 2022

Applying to college typically comes with some uncertainty, but this year’s applicants are tackling one additional question: What should you do when a pandemic has limited what goes into your college applications? Many extracurriculars, including sports and clubs, couldn’t go on during the pandemic. And many school districts across the country, recognizing the challenges the.

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Student Loans Student loans Loans 106

Account Recovery

JANUARY 21, 2022

Five groups have filed amicus briefs with the Eleventh Circuit Court of Appeals in support of the defendant-appellee in Hunstein v. Preferred Management & Collection Services, each laying out their arguments why the Court should rule that the plaintiff-appellant does not have standing to sue in a Fair Debt Collection Practices Act case that alleges … The post Groups File Amicus Briefs Supporting Preferred in Advance of En Banc Rehearing appeared first on AccountsRecovery.net.

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Credit Corp

JANUARY 17, 2022

Credit limit plays an important role for millions of credit card users across the country. It’s a factor that influences credit card use and, by its role in determining credit utilization, your credit score as a whole. So understanding your credit limit and how a credit card issuer sets it is very important. But what exactly is a credit limit, and how is it determined by a credit card issuer?

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Consumer Finance

JANUARY 17, 2022

Today, the Consumer Financial Protection Bureau (CFPB) filed a proposed final judgement and order with a federal district court that, if entered by the court, would resolve a March 2021 lawsuit brought by the CFPB against BrightSpeed Solutions and its founder Kevin Howard.

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Collection Agencies

Nerd Wallet

JANUARY 20, 2022

Home equity lines of credit have declined for more than a decade. But HELOCs should make a turnaround in 2022 as mortgage rates rise to their highest levels since 2019. A home equity line of credit lets you borrow against your home’s equity. You can draw from it periodically and repay some or all of. Holden Lewis writes for NerdWallet. Email: hlewis@nerdwallet.com.

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Account Recovery

JANUARY 20, 2022

The Court of Appeals for the Ninth Circuit has affirmed a lower court’s ruling in favor of a defendant that was accused of violating the Telephone Consumer Protection Act by contacting the plaintiff using an automated telephone dialing system. A copy of the ruling in the case of Meier v. Allied Interstate can be accessed … The post Appeals Court Affirms Ruling for Defendant in TCPA ATDS Case appeared first on AccountsRecovery.net.

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Prosperity Now

JANUARY 18, 2022

On January 14, 36 million families, with 65 million children, should have received their seventh monthly Child Tax Credit (CTC)

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Public Citizen

JANUARY 18, 2022

by Paul Alan Levy. Late last year, Harrison Greenbaum , a New York comedian and magician, included Christopher Nicholas Sarantakos, better known in the magician trade as Criss Angel , who is, apparently, a very well known magic act, in an annual satirical review that he offers of major figures in the magic trade. A particular point of this performance was a restaurant that Sarantakos opened in a rural area outside Las Vegas called Criss Angel Breakfast Lunch and Pizza, or CABLP.

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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.

Nerd Wallet

JANUARY 19, 2022

Finding and applying for business financing can be time-consuming and complicated, especially if you don’t have much experience with the process. Business loan brokers can save you time, offer industry knowledge and hopefully help you get the best small-business loan offer. But they aren’t necessary for every business. Here’s what you need to know about business.

Loans 101

Loans 101

Account Recovery

JANUARY 21, 2022

JUDGE GRANTS MSJ FOR DEFENDANT IN FCRA CLASS OVER ACCESSING CREDIT REPORT WHEN COLLECTING ON DEBT In a case that was defended by David Schultz and the team at Hinshaw Culbertson, a District Court judge in Arizona has granted a defendant’s motion for summary judgment after it was accused in a class action of violating … The post Daily Digest – January 21.

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PDC Flow

JANUARY 18, 2022

Have you ever wondered what people who use software products really think about their tools? Now you can find out! PDCflow was recently given several awards from software review website G2 Crowd , based directly on customer feedback. With an overall rating of 4.7 out of 5, it’s safe to say our customers are happy about our payment communication software.

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Collections 85

Better Credit Blog

JANUARY 20, 2022

Key Takeaways. In this review of Freedom Debt Relief, we’ll explain how the company can help if you’re struggling with unpaid bills. The firm’s flagship service involves negotiating with creditors to reduce what you owe in exchange for paying off a certain amount as a lump sum. If you sign up to Freedom Debt Relief’s program, an advisor from the company will: Offer you a free financial evaluation as the first step.

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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

Nerd Wallet

JANUARY 19, 2022

Welcome to the Smart Money Podcast Book Club, where we talk with authors about personal finance books. First up is Bola Sokunbi, author of “Clever Girl Finance: Ditch Debt, Save Money and Build Real Wealth.” She shares how she learned about money from her mother, some of the early mistakes she made and her advice. Kimberly Palmer writes for NerdWallet.

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Account Recovery

JANUARY 19, 2022

The Connecticut Department of Banking has revoked a collection agency’s license to collect in the state, while also issuing an order to cease and desist from not cooperating with the regulator, and assessed a fine of $100,000 for failing to provide information that had been requested as part of an examination of the agency. A … The post Conn.

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Credit Corp

JANUARY 20, 2022

This article originally appeared on The Financially Independent Millennial and was republished with permission. Are you looking to become financially free in 2022? Who wouldn’t? This article covers the steps you can take to reach financial freedom. Achieving financial freedom is many peoples’ goal. Everyone wants to live the American dream with enough savings, investments, and cash on hand to afford the lifestyle they want to have.

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UK debt collections

JANUARY 20, 2022

NEARLY three quarters (72 per cent) of small or medium enterprises (SMEs) across Scotland are currently waiting on late payments from customers, according to new research from Barclays surveying 500 UK small business owners. This is significantly higher than the UK average of 58 per cent. For medium sized enterprises with 50 to 249 staff, those waiting on late payments rises to more than nine in ten (94 per cent).

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