Credit Management Company
MAY 31, 2022
You may think your company has a handle on collecting past-due accounts, but the world of consumer and commercial debt collection is vast and complicated. In order to ensure that your team stays compliant with debt collection statutes and federal debt collection laws, it can be crucial to collaborate with a third-party debt recovery service like CMC.
UK debt collections
JUNE 1, 2022
Debt Collection Agencies could help save thousands of Small Businesses in the UK it is claimed. Almost 500,000 Small Businesses and SME’s in the UK are facing the real prospect of going bust. History shows that taking professional debt collection action can help save the number of Small Businesses from going bust. Recent reports and research make for very bleak reading for the country’s Small Business community.
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Account Recovery
JUNE 3, 2022
I came across an article promoting a new fintech product and I think it has two applications for companies in the accounts receivable management space — it can be used to help boost employee loyalty and reduce turnover and it can be a potential type of debt that will need to be collected, making it … The post New Startup Offers Bonuses to Employees For Staying At Their Jobs appeared first on AccountsRecovery.net.
American Profit Recovery
MAY 31, 2022
Choosing a third-party collection agency Is a big step for some businesses. The business needs the cash flow, and is frustrated customers are paying late or in some cases not paying at all, but need a solution. Many businesses have tried various tactics and strategies using internal resources, but there comes a time when you need to seek outside help for collections.
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
JUNE 3, 2022
If it ain't broke, don't fix it. But do you know if your collections efforts are broken? If your business has established in-house ( first-party ) collections, accounts receivable and/or debt collection agency partners, it is still a good idea to ensure you're leveraging the best resources, technology, and vendor pricing available. Here's why and how to reassess your in-house collections and B2B collections agency partners.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
JUNE 2, 2022
The Department of Education yesterday announced it was canceling $5.8 billion of unpaid student loans taken out by individuals who attended Corinthian Colleges, wiping out the debts for more than 560,000 borrowers in what the department called the “largest single loan discharge” in its history. Issues with Corinthian Colleges date back almost a decade, when … The post Ed.
Better Credit Blog
JUNE 1, 2022
Getting loans, credit cards and other types of credit can be difficult for borrowers without a good credit history, queue, a credit builder loan. Trying to get approved for credit can be a sort of Catch-22: Creditors want proof that you’ve handled a credit card well before, but without a credit card already in hand it can be hard to show you’re a good risk.
Public Citizen
MAY 30, 2022
New Mexico recently enacted a 36% rate cap on consumer loans. Among the remarks that motivated them to do so was the following: Thank you Madam Chair, Members of the Committee. My name is Will Hancock and I’m a student at the University of New Mexico School of Law. I had the displeasure of working briefly for a short-term loan company in Albuquerque.
Nerd Wallet
JUNE 1, 2022
Particularly since the COVID-19 pandemic, travel insurance has emerged as a must-have travel item. And while it certainly could be helpful coverage for many types of trips, there’s a lot about travel insurance that gets misinterpreted. In most cases, travel insurance does not equate to automatic refunds. There are usually oodles of paperwork to file.
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.
Account Recovery
JUNE 3, 2022
A trio of bills have been introduced in the Senate aimed at making student loan debt more easily forgiven and more easily repaid. The bills were all introduced in the past week by Sen. Sheldon Whitehouse [D-R.I.]. Two of the bills are aimed at amending the Public Service Loan Forgiveness program and the third bill … The post Bills Introduced to Make Forgiving Student Loan Debt Easier, Offer 0% Interest Rates appeared first on AccountsRecovery.net.
Better Credit Blog
JUNE 1, 2022
Borrowing money costs more when you have bad credit — and your choices for a loan will be limited — which is why we have helped you narrow down your list by finding the top 6 best personal loans for bad credit. Ideally, you should avoid borrowing for a couple years. Use this time to fix your credit before applying for loans. But real life seldom meets this ideal.
Public Citizen
MAY 31, 2022
Mateusz Grochowski of the Max Planck Institute for Comparative and International Private Law; Yale Law School; Polish Academy of Sciences - Institute of Legal Studies; Agnieszka Jab?onowska of the University of Lodz - Faculty of Law and Administration; European University Institute - Department of Law (LAW); Francesca Lagioia of the European University Institute - Department of Law (LAW); University of Bologna - Research Center of History of Law, Philosophy and Sociology of Law, and Computer Sci
Nerd Wallet
JUNE 3, 2022
Imagine that all your belongings are destroyed in a house fire. Thankfully, you have insurance. But to file a claim and get reimbursed, you have to make a list of everything you lost. How many of your belongings would you be able to remember? I tried it on a smaller scale, listing everything I could. Sarah Schlichter writes for NerdWallet. Email: sschlichter@nerdwallet.com.
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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.
Account Recovery
JUNE 3, 2022
A class-action lawsuit has been filed against a collection agency, accusing it of contacting an individual who was represented by an attorney — because the plaintiff had already filed suit against another agency for the same debt before the account was recalled and placed with another agency — and for sending a collection letter two … The post Class-Action Accuses Collector of Trying to Collect Canceled Debt appeared first on AccountsRecovery.net.
Fraser
JUNE 3, 2022
Five Stories that Matter in Michigan This Week – June 3, 2022; Legal, Legislative, and Regulatory Insights. Michigan Senate Votes to Suspend Gas Taxes this Summer. The Michigan Senate, in a bipartisan vote, passed a series of new bills that would temporarily pause gas taxes from June 15 to September 15. The bills pause collections on the 6% sales and use taxes on gas purchases and the 27 cent per gallon excise gas tax.
UK debt collections
MAY 30, 2022
Small businesses had to wait an average of 29.9 days to be paid in April according to the latest figures from Xero. This marks an increase in Small Business late payment. Average late payment days increased by 1.8 days to 7.7 days. This is the longest small businesses have had to wait to be paid since September 2020. Xero says tougher economic conditions caused by rising inflation have left the UK’s small businesses squeezed tighter between soaring energy bills and wages on one side, and slower
Nerd Wallet
JUNE 3, 2022
Driving has long been central to American culture, and we’re on the road now more than ever: We drive over 3 trillion miles each year, and that number keeps going up, according to the U.S. Department of Transportation. Add to those numbers the increasing dangers of distracted driving and you have a mix that is. Lacie Glover writes for NerdWallet. Email: lacie@nerdwallet.com.
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.
Account Recovery
JUNE 2, 2022
More than one-third of people earning more than $250,000 per year say they are living paycheck-to-paycheck, and while most say they are not having any problems covering their monthly expenses, it is yet another sign that inflation is causing problems for everyone, regardless of how much money they make, and that means that people may … The post More Americans, Including Those Making More than $250k, Living Paycheck to Paycheck appeared first on AccountsRecovery.net.
Better Credit Blog
JUNE 1, 2022
When your scholarships, grants, and federal student loans aren’t enough to cover the cost of college, it may be time to turn to a private lender. Private student loans can help you bear the weight of tuition. While private loans tend to be more expensive and less flexible than federal loans, they can be incredibly beneficial when you need more than your federal aid has to offer.
Public Citizen
MAY 29, 2022
Here. Excerpt: Not just in Utah, but in Virginia and Washington, and Minnesota, tech companies have provided draft language that led to the introduction of industry-friendly privacy bills, according to legislators The Markup interviewed and previous reporting by Protocol. Big Tech funded nonprofits like TechNet, the State Privacy and Security Coalition, and the Internet Association have traveled from state to state encouraging legislators to “mirror” those industry-authored
Nerd Wallet
JUNE 2, 2022
Autotrader’s mobile car-buying app is as easy to navigate as its desktop website. Its robust inventory of used cars for sale by private sellers makes it a great app for buyers looking to find unique deals or avoid the dealership. Plus, the app features scores of helpful search filters, price alerts and widgets that indicate. Cara Smith writes for NerdWallet.
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?
Account Recovery
MAY 31, 2022
I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.
Better Credit Blog
JUNE 1, 2022
Preparing for college is one of the most exciting times in life. Registering for classes, perusing the college bookstore, and decorating your dorm with your new roommate couldn’t be more fun. This time can also be stressful, though, as obtaining a college education is pricey. Scholarships and grants can help, but more often than not, they don’t cover all of the expenses that come with a degree.
Troutman Sanders
JUNE 2, 2022
Join Troutman Pepper Consumer Financial Services Partner Chris Willis and his guests and fellow Partners Keith Barnett and Ethan Ostroff as they dive into the world of cryptocurrency. The discussion spans from basic terminology and current activities in the regulatory and legislative arenas to parting words of wisdom for companies in the industry. Collectively, Keith and Ethan bring almost 40 years of experience, representing companies in the financial services industry.
Nerd Wallet
JUNE 2, 2022
June mortgage rates forecast Mortgage rates might be volatile in June. A graph of them may resemble the cutting side of a handsaw, with sharp daily ups and downs. I predict that the average rate on a 30-year mortgage will be higher in the last week of June than in the last week of May. Holden Lewis writes for NerdWallet. Email: hlewis@nerdwallet.com.
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