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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
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.
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.
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.
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?
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.
As of December, prices across all goods and services had risen more in a single year than they had in nearly 40 years. The impact of that 7% increase stands to hurt already-vulnerable Americans the hardest. A 7% markup can leave high earners unfazed. Others with even some savings and discretionary income can take action. Elizabeth Renter writes for NerdWallet.
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As of December, prices across all goods and services had risen more in a single year than they had in nearly 40 years. The impact of that 7% increase stands to hurt already-vulnerable Americans the hardest. A 7% markup can leave high earners unfazed. Others with even some savings and discretionary income can take action. Elizabeth Renter writes for NerdWallet.
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.
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.
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.
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.
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.
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.
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.
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?
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Welcome to NerdWallet’s Smart Money podcast, where we usually answer your real-world money questions. In this week’s episode, we continue our series about financial dreams, with conversations with Nerds who have accomplished their financial dreams and interviews with outside guests about what they want to do with their money in 2022. Check out this episode on.
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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