UK debt collections

NOVEMBER 13, 2020

Delayed payments continue to plague suppliers, particularly Small Businesses, and unfortunately, the global pandemic has only worsened this pain point. This week’s B2B Data Digest looks at the latest stats in the fight against late payments, and finds several instances in which the COVID-19 crisis has exacerbated the late payments problem. 25 companies surveyed in the denim supply chain have revealed “destructive” behaviors from their corporate clients, according to a new rep

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The Kaplan Group

NOVEMBER 9, 2020

Risk and Reward are the two sides of almost every business deal. What are you risking if the deal doesn’t go well? What will you gain if it does go well? Does the reward justify the risk? In collections, we often have to weigh risk and reward and make similar calculations. When trying to decide what the riskier or safer course of action is, we consider not only the amount of money owed, but also the specific debtor company and management, the business sector and the economy in general.

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Credit Corp

NOVEMBER 9, 2020

If you or someone you know has dealt with a collection agency, you know how trying it can be. Debt collection agencies have a long history of harassment and illegal practices. Can a collection agency report to a credit bureau without notifying you? The answer might not be that simple. Knowing illegal debt collection practices can help identify when you’re being treated unfairly.

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Account Recovery

NOVEMBER 13, 2020

Dublin, Ohio—ezPay365, payment processing provider for the ARM industry, has named Ron Bonavita, Director, Sales strengthening our long-term commitment to the payments industry. In his new role, Ron will be responsible for expanding ezPay365’s market share, while developing new channels and markets. Ron has 15 years’ experience in business development, most recently with Sonnett/Palinode.

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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

NOVEMBER 10, 2020

This article provides information and education for investors. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. If you’ve ever wondered how your retirement savings stacks up against your peers, you’re in good company. The desire to know where you land.

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Education 145

Credit Corp

NOVEMBER 12, 2020

You might have heard that bankruptcy gives you a clean financial slate, but that’s not exactly accurate. For those experiencing serious financial distress, bankruptcy can be a way to eventually restart. Depending on your financial situation, you can get rid of debts or restructure them. But this doesn’t give you a clean slate, especially on your credit report.

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Account Recovery

NOVEMBER 12, 2020

Democrats in the House of Representatives have written letters to the Federal Communications Commission and the Federal Trade Commission, asking both agencies to “immediately stop work on all partisan, controversial items under consideration” now that the result of the 2020 presidential election is “apparent.” The letters call on the agencies to cease any rulemaking until … The post House Dems Ask FCC, FTC to Pause ‘Controversial’ Rulemakings During Tran

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Nerd Wallet

NOVEMBER 9, 2020

Baby boomers now owe the most student debt, according to new data from the financial services company Fidelity. Their average outstanding loan balance: $75,000. The research says that’s due in part to federal parent PLUS loans. According to the most recent data from the Department of Education, more than 3.5 million parents nationwide have these. Ryan Lane is a writer at NerdWallet.

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Jimerson Firm

NOVEMBER 12, 2020

Pursuant to the Miller Act and Florida’s Little Miller Act, when certain subcontractors and material suppliers have not been paid on public construction projects, they must file their lawsuit on the payment bond within one-year after the last day labor was performed or materials were supplied to the project. § 255.05(10), Fla. Stat. ; 40 U.S.C. § 3133(4).

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Construction Mechanic’s Liens Government Law Firms 98

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.

Credit Corp

NOVEMBER 10, 2020

Are you new to investing? Not sure where to start? Investing for beginners can be overwhelming. There are so many moving parts. With that said, we hope the process we’ll show you today will make it easier for you to get started. What follows are ten steps you can take to become a successful investor. Let’s get started. 1. Work from a Budget.

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Student loans Student Loans Education Trade 105

Account Recovery

NOVEMBER 12, 2020

The “Getting to Know” series is sponsored by Arbeit. Arbeit is a powerful, and easy to use communications platform that empowers businesses to reach more consumers. Innovative by nature, we are constantly listening to and understanding the businesses we partner with and developing long term industry relationships that allow us to be proactive in anticipating … The post Getting to Know David Schultz of Hinshaw Culbertson appeared first on AccountsRecovery.net.

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Nerd Wallet

NOVEMBER 12, 2020

We’re primed to get suckered this holiday season. Tight budgets, wishful thinking that we can get a screaming deal if we hurry, and plain old impulsive spending are a dangerous mix. Scammers know this. One example: Clicking an online ad, maybe for an ornament featuring a Santa with twinkling eyes and a smile hidden under. Bev O'Shea is a writer at NerdWallet.

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Consumer Finance

NOVEMBER 11, 2020

On November 12, 2020, the Consumer Financial Protection Bureau announced a settlement with Afni, Inc. to address its violations in providing information to consumer reporting agencies (CRAs).

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Collections

Jimerson Firm

NOVEMBER 11, 2020

Conducting site visits are an important aspect of servicing SBA loans. Site visits allow lenders and CDCs to gain a first-hand impression of the borrower’s business operations, evaluate risks, and inventory the collateral. Frequent site visits help lenders and CDCs make prudent lending decisions by keeping them up-to-date with the condition of the collateral and the borrower’s business operations.

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Account Recovery

NOVEMBER 11, 2020

President-elect Joe Biden has chosen a name that will be familiar to many in the accounts receivable management industry to head the transition team overseeing the Consumer Financial Protection Bureau. Leandra English, the former deputy director of the CFPB has been tapped to lead a team of fellow volunteers whose responsibilities include “understanding the operations … The post Biden Names Former CFPB Deputy Director To Head Agency’s Transition Team appeared first on AccountsR

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Nerd Wallet

NOVEMBER 10, 2020

If you’re celebrating the holiday season at home this year because of the COVID-19 pandemic, then you probably aren’t using up your travel rewards points. Instead of watching those points languish, consider turning them into holiday gifts — you can stretch your budget while taking advantage of new offers from credit card issuers. Amid the pandemic, Kimberly Palmer is a writer at NerdWallet.

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Fico Collections

NOVEMBER 10, 2020

I am always glad to see headlines like this one, which ran last summer in The New York Times: “ How to Reduce Credit Card Fraud.” But a few minutes into it, I was disappointed by some of the misinformation in the article: “I learned two things from discussing my experience with fraud experts: Even if you’re careful, your credit card information will probably be stolen at some point.

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For finance teams using Salesforce’s powerful CRM technology, automation can transform accounts receivable processes, driving efficiency and delivering measurable results like cost savings, reduced customer churn, and lower DSO.

Collections

Roths Child Law

NOVEMBER 7, 2020

Congress needs to enact laws expanding consumer protections against abusive debt collection, the U.S. Supreme Court unanimously ruled in 2017. Tennessee residents may have heard about the case, which involved a class action filed by several people who defaulted on car loans. Defendant debt collector Santander Consumer USA Holdings ultimately prevailed because it was not collecting money on behalf of a third party.

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Account Recovery

NOVEMBER 11, 2020

Performant Financial Corp. yesterday reported net income in the third quarter of $2 million, compared with a loss of $8.1 million during the same period a year ago. Revenue during the third quarter was $36.2 million, up from $35.9 million during the third quarter of 2019. During a conference call yesterday discussing the financial results, … The post Profits Up at Performant in 3Q, But COVID-Related Collection Challenges Remain appeared first on AccountsRecovery.net.

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Nerd Wallet

NOVEMBER 12, 2020

Job loss, business failure, involuntary retirement, divorce, disability or the death of a breadwinner — these are just some of the ways our finances can force us to come up with a Plan B. That’s never as simple as downloading a list and ticking off completed assignments, however. Checklists can be helpful, for instance when. Liz Weston is a writer at NerdWallet.

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Credit Corp

NOVEMBER 13, 2020

In today’s digital and mobile-friendly world, identity theft is a concern consumers must consider. A 2020 identity theft study revealed that identity theft fraud reached $16.9 billion in 2019. Identity theft affects victims of all ages and situations, and this concern grows each year. Find out more about how to protect yourself against holiday identity theft below.

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Speaker: Lynnette Khalfani-Cox, The Money Coach®

Niche markets represent a huge opportunity for the financial services industry in America. From college students and women to communities of color and low-to-moderate-income households, niche populations have specialized financial needs – but they often underutilize many valuable financial products and services. How can you better connect with these consumers?

Financial services

Prosperity Now

NOVEMBER 9, 2020

By most measures of economic success—whether it be income, education, wealth or employment—Asian Americans are doing well in the United

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Education 108

Account Recovery

NOVEMBER 10, 2020

For anyone who was on yesterday’s webinar will confirm, there is a difference between good collectors and great collectors. Great collectors not only make you — and themselves — a lot of money, but they do it compliantly, they enjoy mentoring newer, less-experienced collectors, and are willing to go above and beyond. Mary Shores, in … The post How to Develop Great Collectors appeared first on AccountsRecovery.net.

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Nerd Wallet

NOVEMBER 13, 2020

This article provides information and education for investors. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. If your eyes glaze over when hearing the term “index funds,” you’re forgiven. But the dull, mathematical spirit of index funds is part of. Chris Davis is a writer at NerdWallet.

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Education 105

True Accord

NOVEMBER 10, 2020

In this edition of “Between Two Fintechs,” TrueAccord founder Ohad Samet interviews Dan Quan, Managing Partner of Banks Street Advisory and formerly the Senior Advisor to the Director at the Consumer Financial Protection Bureau (CFPB). Dan led its fintech office, Project Catalyst, the first of its kind in the world, inspiring regulatory agencies across the globe to set up dedicated innovation hubs to promote financial innovation.

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Speaker: William Hord, Senior VP of Risk & Professional Services

Enterprise Risk Management (ERM) is critical for industry growth in today’s fast-paced and ever-changing risk landscape. When building your ERM program foundation, you need to answer questions like: Do we have robust board and management support? Do we understand and articulate our bank’s risk appetite and how that impacts our business units? How are we measuring and rating our risk impact, likelihood, and controls to mitigate our risk?

Banks