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Employers and organizations are beginning to move into a new normal after the COVID-19 pandemic response affected their businesses. With lockdown orders lifted and the phased approach to reopening, business owners and executives are seeking out ways to ramp up business quickly and keep their employees safe. Many companies furloughed or laid off staff and will be running at reduced staff levels for a period of time.
The pandemic has drastically changed the business landscape in only a matter of weeks. Millions of businesses are being forced to close, operate at reduced capacity, or have their employees work remotely. While current conditions might have some staff overwhelmed, Read More » The post 3 Ways to Spend Extra Time During the Shutdown appeared first on C2C Resources Commercial Debt Collection Agency.
Key Takeaways. All three for-profit credit reporting agencies, Experian, Equifax and Transunion compile and report consumer credit and debt payment activity and sell this consumer information to lenders seeking to grant credit. It is always a good idea to check what is being reported on your credit file from each agency as each agency may report differently.
Amy Perkins, president at insideARM , had been working from home long before the COVID-19 pandemic began, but that doesn't mean shes immune to the challenges of working remotely.
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?
We are monitoring the status of the COVID-19 situation within the Commonwealth of Massachusetts. While only data will determine when the state can be reopened — including the courts and non-essential businesses — we are hoping that it comes sooner rather than later. . When the time comes to return to normalcy, you should be prepared to return to business as usual, including collecting any outstanding debt you may currently be owed.
As the coronavirus pande mic continues to force business shutdowns and social distancing , some law firms will be forced to make hard choices about staffing and continued business operations. But, all law firms should now start looking at expenses, to see whether they can reduce their overhead – at least over the next quarter. An easy place to start is with subscription services.
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As the coronavirus pande mic continues to force business shutdowns and social distancing , some law firms will be forced to make hard choices about staffing and continued business operations. But, all law firms should now start looking at expenses, to see whether they can reduce their overhead – at least over the next quarter. An easy place to start is with subscription services.
While Governors in several states are trying to crack open the door on the shuttered U.S. economy, the news from two key elements of a would-be revival – employment and money to pay small business workers – is still not good. The COVID-19 pandemic had another 3.8 million workers file for unemployment in the week […]. The post Paycheck Protection Program appeared first on Debt.org.
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.
The IRS can be daunting for businesses and sole proprietors that owe tax debt – federal tax liens can seriously impact a company’s ability to operate if taxes remain unpaid. However, the IRS offers options for taxpayers that need help with their obligations. Many businesses and sole proprietors are looking for IRS debt forgiveness programs. While the IRS does not offer a specific forgiveness program, they do have solutions that can reduce a business’s tax burden or give eligible businesses more
The Credit Services Association (CSA) has received a positive response to its call for closer collaboration with trade bodies representing the wider business community in planning for a phased relaxation of current lockdown rules. It also says that fellow trade associations have welcomed its drive to prevent the actions of a minority of ?extreme outliers?
Courts reviewing a bankruptcy court’s decision to approve a chapter 11 reorganization plan over the objections of an interested party must consider not only the merits, but also (if implementation of the plan was not stayed) potential injury to the reliance interests of other parties relying on the plan. These issues are confronted in Drivetrain, LLC v.
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.
If you have encountered financial challenges in 2020, you are definitely not alone in your struggle. Many New Mexico residents and others throughout the country are in the same boat. Global, national and personal economies are fluctuating systems. One or more of the three may become compromised at any time. In fact, it is not uncommon for an ebb and flow of financial stability to occur alongside various changes in life.
The purpose of this paper is to first identify and answer some of the questions most frequently asked by our clients regarding the fallout of COVID. After that, we examine if the premise holds that, like the mortgage servicing industry at the start of the housing crisis, the commercial accounts receivables industry is using too conservative an option-set for dealing with the fallout of this crisis.
Military service members and their families make many sacrifices to protect the values and people of the United States. Most service members do not expect one of those sacrifices to be financial security. And yet, many military families report that debt and financial challenges are one of the largest concerns they face. What financial issues do military members face?
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.
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