JMA
FEBRUARY 16, 2023
Debt collection is a complicated and time-consuming process that requires patience, persistence, and effective communication skills. When dealing with debtors who are unwilling or uncooperative, negotiating is a critical step in collecting what is owed and can prevent the situation from escalating into a legal battle. In this article, we will provide comprehensive tips on.
CICM
FEBRUARY 17, 2023
What is Trade Credit Insurance Protection? Trade Credit Insurance is a policy and a risk management product for business entities to protect their accounts receivable from loss. Is Trade Credit Insurance Protection a friend or foe? That’s the question that the Chartered Institute of Credit Management East of England Branch asked themselves when Andy Moylan FCICM, the Chief Executive Officer of EFCIS gave our virtual, sizeable audience an insightful and informative overview of Trade Credit
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Roths Child Law
FEBRUARY 16, 2023
Bankruptcy is becoming more common. Recent statistics show an upward trend demonstrating that more and more individuals are filing for bankruptcy. While there has been a small increase – about 1% – in commercial bankruptcy cases, there has been a major increase in personal bankruptcy cases, sitting at about 6%. In other words, though there are some businesses that will have to declare bankruptcy this year, it is far more likely that individuals will do so.
Account Recovery
FEBRUARY 17, 2023
The amount of outstanding debt hit $16.9 trillion at the end of 2022, with the amount of unpaid credit card debt surpassing levels set before the start of the COVID-19 pandemic, and while the volume of consumers who had debts placed with third-party collection agencies reached a new low and the average collection amount ticked … The post Delinquency Rates Keep Rising, Even Though Placement Levels Continue Falling first appeared on AccountsRecovery.net.
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.
Collections Law
FEBRUARY 15, 2023
Sometimes a debtor makes sporadic payments just to keep you from calling the Law Offices of Alan M. Cohen LLC. We call this the deadbeat shuffle. Sometimes the sporadic payments are because of your debtor’s cash flow. Other times, it is just a game to cause you to delay so that they may try to put assets out of your reach. In either circumstance, one thing is clear: Your debtor is now your deadbeat and they are no longer paying on your terms, but rather their terms to your detriment.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Nexa Collect
FEBRUARY 15, 2023
It is common for collection agencies to charge an onboarding fee to their new customers. However, a few good collection agencies with nationwide coverage waive their setup fee from time to time. Contact us if you need a collection agency with the following features. No setup fee and no hidden charges. We guarantee it. Open-ended contract with no minimums and free credit bureau reporting.
Account Recovery
FEBRUARY 17, 2023
EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more? Call … The post Class Action Accuses Collector of Overshadowing After Sending Multiple MVNs first appeared on AccountsRecovery.net.
American Profit Recovery
FEBRUARY 13, 2023
By Sabrine: New Year’s is exciting not only because of the resolutions and goals we set for ourselves but because it means American Profit Recovery’s Annual Reward Ceremony is coming up!! This is my favorite time of year when the top performers are announced and rewarded for the amazing work they did the year prior. Some of the rewards given are: The Corporate Citizen Award Rookie of the Year Collector of the Year Manager of the Year Sales Rep of the Year Our goal each year is to improve and to
Credit Corp
FEBRUARY 16, 2023
A healthy credit score can lead to better financial opportunities for people of all ages. That includes more opportunities for loans and credit—often at better rates. But a good credit score can also positively impact your chances at getting approved for a lease on an apartment. In fact, even a Congressman in Washington, D.C., can’t always score an apartment without a decent credit score—a fact the first Gen Z rep in the nation’s capital learned firsthand.
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.
Consumer Finance
FEBRUARY 13, 2023
Today, the Consumer Financial Protection Bureau (CFPB) released a report examining trends in credit reporting of debt in collections from 2018 to 2022.
Account Recovery
FEBRUARY 17, 2023
A District Court judge in New Jersey has granted a defendant’s motion for summary judgment in a Fair Credit Reporting Act and Fair Debt Collection Practices Act class-action case, ruling the plaintiff lacked standing to sue after having a settled debt reported to the credit bureaus as “owed in full, less the amount received for … The post Judge Grants MSJ For Defendant in FCRA, FDCPA Class Action Over Reporting of Settled Debt first appeared on AccountsRecovery.net.
Fico Collections
FEBRUARY 16, 2023
Home Blog FICO FICO Named America's Best Mid-Sized Employer by Forbes Magazine FICO recognized by Forbes for the third consecutive year Saxon Shirley Thu, 05/12/2022 - 07:46 by Richard Deal expand_less Back To Top Thu, 02/16/2023 - 20:00 FICO was recently named one of America’s Best Mid-Sized Employers by Forbes Magazine for the third consecutive year — ranking in the top quintile overall and #7 in the IT, Internet, Software & Services Industry segment.
Debt Free Colorado
FEBRUARY 16, 2023
As pet owners, we all want our furry friends to live a long and healthy life. However, we can’t always guarantee that we will be around to take care of them for their entire lifetime. This is why it is important to plan for the future, especially when it comes to the financial well-being of our pets. In this article, we will discuss how to create a pet trust in Colorado to ensure that your pet will be taken care of, even after you’re gone.
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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.
Credit Corp
FEBRUARY 16, 2023
Article originally published December 13th, 2017. Updated February 16th, 2023. Buying a home is an extensive process. It includes marshaling your assets, reviewing your credit—and potentially trying to improve it—and shopping for a house that meets your wants and needs. That’s all before you enter the process of applying for a mortgage and considering your offers.
Account Recovery
FEBRUARY 17, 2023
February has been a busy month for Andrea Joy Campbell, the Attorney General of Massachusetts. Yesterday, she announced her third collection-related enforcement action in the last two weeks, this time fining a medical equipment supplier $500,000 and vacating more than $2 million in judgments for a number of violations, including filing lawsuits in a state … The post Healthcare Co. to Pay $2.5M in Fines, Vacated Judgments as Part of Enforcement Action with Mass.
Fico Collections
FEBRUARY 16, 2023
Home Blog FICO US Card Skimming Grew Nearly 5x in 2022, New FICO Data Shows Debit card skimming grew at the unprecedented rate of 368% from 2021 to 2022, but there are steps banks and consumers can take to combat compromised cards Darcy Sullivan Thu, 02/16/2023 - 15:43 by Debbie Cobb Senior Director, Product Management expand_less Back To Top Thu, 02/16/2023 - 15:35 In August of 2022, I explored the radical increase in card skimming for the first half of 2022.
Prosperity Now
FEBRUARY 15, 2023
Watching President Biden’s State of the Union address last Tuesday, his focus on how unfair our economy is and the
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
FEBRUARY 16, 2023
Sabrina Parys writes for NerdWallet. Email: sparys@nerdwallet.com. The article Child and Dependent Care Credit: Definition, Who Qualifies originally appeared on NerdWallet.
Account Recovery
FEBRUARY 17, 2023
CLASS ACTION ACCUSES COLLECTOR OF OVERSHADOWING AFTER SENDING MULTIPLE MVNS A class-action complaint has been filed against a pair of defendants — a collection agency and a debt buyer — for allegedly violating the Fair Debt Collection Practices Act by sending two model validation notices for what appears to be the same debt on consecutive … The post Daily Digest – February 17.
PDC Flow
FEBRUARY 16, 2023
Is your small business wasting employee time on things like follow up calls on unpaid bills? If you want to expand, you need to accomplish more with a small staff and small business payment options that let your team do more with less. Small Business Payments: Reasons for Late/Unpaid Bills Small businesses need to collect every dollar possible. That’s why late payments or unpaid bills can be so devastating to your company’s growth.
Prosperity Now
FEBRUARY 15, 2023
This paper is a collaboration between the Progressive Policy Institute (PPI) and Prosperity Now. Read the full report here.
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?
Nerd Wallet
FEBRUARY 14, 2023
The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. One of the easiest ways to manage your money better this year is to hit the follow button on. Benjamin Din writes for NerdWallet.
Account Recovery
FEBRUARY 16, 2023
Chances are, from the sound of it, if there is a job somewhere inside a collection operation, Bob Burnside has done it, and likely done it well. Recognizing that spending more than three decades in the industry is an accomplishment in and of itself, Bob doesn’t take his longevity and success lightly. Read on to … The post Getting to Know Bob Burnside of Telrock Systems first appeared on AccountsRecovery.net.
Sawin & Shea
FEBRUARY 14, 2023
Although bankruptcy is often the only solution to get your finances back in order if you are struggling under mountains of debt, it does show up on your credit report for years, even after the bankruptcy has been discharged. Understandably, this can be frustrating, but there is no shame in filing for bankruptcy, and it can ultimately improve your financial situation.
UK debt collections
FEBRUARY 17, 2023
University Hospital Kerry is owed over half a million euros (€500,000) in unpaid medical fees it has been reported. The fees still due from patients for medical treatments given last year. A spokesperson for University Hospital Kerry (UHK) told local station Radio Kerry, that they have turned to a Debt Collection agency to help secure the payments owed for unpaid medical fees.
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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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