On Guard

FEBRUARY 4, 2022

In a previous blog just over three years ago, we discussed then-nascent technology – including artificial intelligence (AI) and Robotic Process Automation (RPA) – and its potential to shake up the credit management process for suppliers. So how far have we come and what obstacles remain for digital transformation? Big data and AI. These two developments were widely expected to have the greatest impact on the order-to-cash process and professionals still cite them as having the most potential goi

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Credit Management Collections 52

True Accord

FEBRUARY 3, 2022

With digital lending via neobanks and fintechs on the rise, consumers have more options than ever for obtaining loans. There are a lot of considerations for these digital financial providers when building their business models, but one important and often-overlooked strategy is recovery for delinquent accounts. We sat down with TrueAccord’s Chief Growth Officer, Sheila Monroe , who has held numerous executive-level positions at TrueAccord on top of a multi-decade career in collections, to learn

Lender 52

Lender Collections Collection Companies Loans 52

Nexa Collect

FEBRUARY 3, 2022

An average collection agency will recover about 20% of the total debt assigned. Some clients may get a 100% recovery rate, for others it could very well be 0%. Here are the most important factors which decide how much a collection agency will collect for you: 1. Collection Agency itself: A collection agency that follows a friendly approach makes persistent contacts, follows legally complaint tactics , yet a firm approach will recover maximum money.

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Collection Agencies Collections Agency Collections Debt collector 130

Account Recovery

FEBRUARY 4, 2022

The Department of Veterans Affairs has published a final rule detailing how delinquent debts owed to the VA are reported to credit reporting agencies. The new rule, which establishes a minimum threshold for what will be reported, goes into effect on March 4. About 5,000 delinquent accounts are reported to credit bureaus each month, according … The post VA Sets New Threshold For Reporting Medical Debt to Credit Bureaus appeared first on AccountsRecovery.net.

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Healthcare 246

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

FEBRUARY 4, 2022

Unpaid invoices are the worst! While it's easy to react negatively to your late or non-paying clients, each invoice may require its own way of dealing with it. You can start proactively, including establishing a consistent invoicing process and following up as quickly as possible. However, if you're lacking the resources or your prevention strategy isn't working, it's time to try something new.

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Collection Agencies Collections Agency Collections 191

Nerd Wallet

FEBRUARY 3, 2022

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. Alana Benson writes for NerdWallet.

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Education 145

Account Recovery

FEBRUARY 2, 2022

JUDGE GRANTS MSJ FOR DEFENSE IN FDCPA CASE OVER CALLS TO CONSUMER’S GRANDMOTHER After already granting a motion to dismiss on one claim that a collector violated the Fair Debt Collection Practices Act when it contacted a plaintiff seeking to collect on a debt that was actually owed by her granddaughter, a District Court judge … The post Daily Digest – February 2.

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Fair Debt Collection Collections 246

Prosperity Now

FEBRUARY 1, 2022

Tax filing season just started, and taxpayers are—once again—in for a rough ride.

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Consumer Finance

JANUARY 30, 2022

The Consumer Financial Protection Bureau (CFPB) today published a review of the financial issues facing people and families who come in contact with the criminal justice system.

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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.

Banks

Nerd Wallet

JANUARY 31, 2022

Record-low housing inventory, high prices and low mortgage rates made an interesting backdrop for the 2021 real estate market. Millions fought tooth and nail to close on homes throughout the year, but millions more were unsuccessful in their attempts. The 2021 housing market was booming, but that doesn’t mean buying a house was a breeze. Elizabeth Renter writes for NerdWallet.

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Account Recovery

FEBRUARY 2, 2022

After already granting a motion to dismiss on one claim that a collector violated the Fair Debt Collection Practices Act when it contacted a plaintiff seeking to collect on a debt that was actually owed by her granddaughter, a District Court judge in Florida has granted the defendant’s motion for summary judgment on the remaining … The post Judge Grants MSJ for Defense in FDCPA Case Over Calls to Consumer’s Grandmother appeared first on AccountsRecovery.net.

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Fair Debt Collection Judgment Collections 246

UK debt collections

JANUARY 31, 2022

Historic English Football club is reported to have racked up huge debts according to reports. Derby County’s debts are said to be more than a staggering £60m according to reports via Sky Sports News. A trusted source has told the Sky Sports News channel that they have never seen such a high level of unpaid debt at any Championship league soccer club.

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Secured Creditor Creditors Loans Collections 96

Credit Corp

FEBRUARY 3, 2022

According to the Consumer Financial Protection Bureau, around 45 million consumers in the United States are “credit invisibles”—people who do not have scorable credit records. It’s a financial state that can make it more difficult to do things such as get loans, qualify for affordable car insurance, or even get a job. Discover more about the credit invisible below and whether you’re one of them.

Loans 94

Loans Personal loans Auto Insurance Lender 94

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Collection Agencies

Nerd Wallet

FEBRUARY 2, 2022

Travel can be expensive, whether it’s high gas prices during your road trip or increasing travel demand causing hotel and airline costs to rise. But it doesn’t have to be as costly as you might think with these tips for saving money on travel. How to save money while traveling 1. Pack light Packing light. Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com.

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Account Recovery

FEBRUARY 2, 2022

During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers. This is merely meant … The post 24 Companies Seeking Collection Talent appeared first on AccountsRecovery.net.

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Accounts Receivables Management Collections 246

UK debt collections

FEBRUARY 3, 2022

The construction industry is the latest sector to brace itself for a spike in Insolvencies. The ever increasing cost of labour and materials is adding weight to rising numbers of insolvencies. In addition, building contractors being tied to fixed-price jobs and the end of covid support are all being blamed for the spike. The industry has been warned to expect more firms to go bust after the latest official figures showed the number of contractors going under has gone up by a quarter.

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Construction Trade 88

Credit Corp

FEBRUARY 3, 2022

At the start of every new year, people set goals. Many of the most common resolutions set during the new year are financial in nature. For instance, some people resolve to pay off their debt before the year ends. Others want to decrease their spending and save money. If you’re one of those people who want to save money, decreasing your car insurance premium is one way to get closer to your financial goals.

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Banks Auto Insurance 75

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 2, 2022

When you buy life insurance, you’re buying assurance that when you die, your insurer will pay out a sum of money to your loved ones. That number is known as your policy’s face amount, or face value, and it affects how much you’ll pay in premiums. While it usually stays the same, there are a. Katia Iervasi writes for NerdWallet. Email: kiervasi@nerdwallet.com.

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Account Recovery

JANUARY 31, 2022

Nearly one-third of people plan on using checks and cash less this year than they did last year or not using them at all, according to the results of a survey conducted this month to understand consumers’ payment preferences. The survey, conducted by Onbe, revealed that 74% of consumers prefer using digital options when making … The post Consumers Continue Abandoning Cash, Checks for Digital Payment Options appeared first on AccountsRecovery.net.

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Sawin & Shea

FEBRUARY 2, 2022

Credit card debt can be debilitating. When your bills are more than you can handle and you are struggling to get by, debt relief options can help. However, it’s important to understand that there are various forms of debt relief, and they are not all right for everyone. If you are drowning in debt but aren’t sure which option is right for you, it can help to consult with an experienced lawyer.

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Credit Card Debt Chapter 13 bankruptcy Bankruptcy Creditors 72

UK debt collections

FEBRUARY 1, 2022

With unpaid invoices stalling post-covid financial recovery for many small businesses, we have complied a list of 6 top small business debt collection tips. We have drawn on the kind assistance of leading Small Business Debt Collection Experts Federal Management to advise on the best way to make telephone calls. If your small business invoices remain unpaid, you need to step out of your comfort zone to ensure you get paid.

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Collections Collection Agencies Collections Agency Debtor 64

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?

Financial services

Nerd Wallet

FEBRUARY 4, 2022

Millennials have long been at the mercy of economic events, from the Great Recession to crushing levels of student loan debt. But thanks to the Great Resignation that began in 2021, this generation is experiencing its first brush with power and opportunity in the job market. Millennials are midcareer and have more negotiating power than. Amrita Jayakumar writes for NerdWallet.

Student loans 98

Student loans Student Loans Loans 98

Account Recovery

FEBRUARY 3, 2022

The Chairwoman of the Federal Communications Commission yesterday announced the release of a Declaratory Ruling that classifies ringless voicemail messages to consumers’ cell phones as calls under the Telephone Consumer Protection Act, meaning that consumers would have to provide their consent prior to receiving such messages. The Ruling — which must be approved by the … The post FCC Chair Seeks to Classify Ringless Voicemails as Calls Under TCPA, Requiring Consumer Consent app

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Troutman Sanders

FEBRUARY 1, 2022

In Almada v. Krieger , No. 21-55275 (9th Cir. Jan. 24, 2022) , the Ninth Circuit partially reversed a decision by the U.S. District Court for the Southern District of California, granting summary judgment in favor of a debt collector in a Fair Debt Collections Practices Act (FDCPA) case. In doing so, it held that a collection letter, which indicated that the debtor could only dispute the underlying debt in writing, violated the FDCPA.

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Debt collector Judgment Fair Debt Collection Debtor 59

Burr Forman

FEBRUARY 4, 2022

The latest update surrounding H unstein v. Preferred Collection and Management Services, Inc. , Case No. 19-14434 centers not on the Eleventh Circuit or the Hunstein decision itself but on the district courts nationwide that are considering numerous copycat cases relying on the Hunstein reasoning. In one such recent case, Nabozny v. Optio Solutions, LLC , Case No. 21-cv-297-jdp, 2022 WL 293092 (W.D.

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Collection Companies Creditors Collections 52

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