Account Recovery

MARCH 10, 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 Complaint Accuses Collector of Debt Parking first appeared on AccountsRecovery.net.

130

130

Credit Corp

MARCH 6, 2023

[ Disclosure: Lexington Law Firm advertises on Credit.com and Credit.com may receive compensation if you sign up for credit repair services with Lexington Law Firm.] Your credit score is one of the most important numbers you have. A high score can open doors for you and increase your chances of obtaining the things you want. However, a low credit score can make it nearly impossible for you to secure a loan.

Auto Insurance 98

Auto Insurance Debt collector Lender Law Firms 98

Nerd Wallet

MARCH 6, 2023

Jae Bratton writes for NerdWallet. Email: jbratton@nerdwallet.com. Liz Weston, CFP® writes for NerdWallet. Email: lweston@nerdwallet.com. Twitter: @lizweston. Sean Pyles writes for NerdWallet. Email: spyles@nerdwallet.com. Twitter: @SeanPyles. The article Smart Money: How to Leverage Inflation for Your Benefit originally appeared on NerdWallet.

82

82

Account Recovery

MARCH 9, 2023

One of the great benefits in publishing these profiles week after week is the chance to shine a spotlight on people whose contributions to the industry help keep moving it forward but who maybe haven’t risen to a level of prominence … yet. Nina Cunningham, who has owned her own collection industry for the past … The post Getting to Know Nina Cunningham of Illinois Collections first appeared on AccountsRecovery.net.

Collections 246

Collections 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.

Collections Law

MARCH 6, 2023

If you’ve already contacted your delinquent debtor to persuade them to pay but they won’t, you don’t need a collection agency. All a collection agency can do for you is contact the debtor over and over until something happens. That’s no way to get paid. At the Law Offices of Alan M. Cohen LLC, we don’t just take the next step and get a judgment. We take all the steps until either you get paid or no one could get you paid.

Collection Agencies 52

Collection Agencies Collections Agency Collections Debtor 52

Consumer Finance

MARCH 7, 2023

Today, the Consumer Financial Protection Bureau (CFPB) released a special edition of its Supervisory Highlights that reports on unlawful junk fees uncovered in deposit accounts and in multiple loan servicing markets, including in mortgage, student, and payday lending.

Loans 130

Loans Banks 130

Account Recovery

MARCH 8, 2023

The collection law firm in Michigan charged with conducting a criminal enterprise yesterday pleaded no contest to a charge of maintaining a criminal enterprise during a pretrial hearing and was sentenced to full restitution to the individuals who were improperly garnished and had not yet been repaid because three attorneys at the firm allegedly forged … The post Collection Law Firm Ordered to Pay Full Restitution After No Contest Plea first appeared on AccountsRecovery.net.

Law Firms 233

Law Firms Garnishment Collections 233

Nerd Wallet

MARCH 7, 2023

Anna Helhoski writes for NerdWallet. Email: anna@nerdwallet.com. Twitter: @AnnaHelhoski. The article Pandemic at 3 Years: How Our Financial Lives Have Changed originally appeared on NerdWallet.

104

104

Credit Corp

MARCH 7, 2023

Quick Answer: You need to be 18 to open your own credit card, but that doesn’t mean you have to wait until then to start building your credit. It’s never too early to start building credit. In fact, if you start building credit before you turn 18, you hit adulthood a step ahead of most people. With a positive credit history, you’re more likely to be approved for loans, credit cards or a lease on an apartment.

Loans 98

Loans Auto Insurance Student Loans Student loans 98

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

Consumer Finance

MARCH 6, 2023

The Consumer Financial Protection Bureau (CFPB) and the National Labor Relations Board (NLRB) today signed an information sharing agreement, creating a formal partnership between the two agencies to better protect American families and to address practices that harm workers in the “gig economy” and other labor markets.

95

95

Account Recovery

MARCH 10, 2023

Visa is planning on introducing a new Merchant Category Code for debt collection agencies and imposing new rules for entities collecting debts or overdue receivables on behalf of another entity, but it’s still not entirely clear if the new code will be applied retroactively or only new new merchant applications. A copy of the bulletin … The post Details About Visa’s New Rule for Collection Agencies and Repaying Debts first appeared on AccountsRecovery.net.

Collection Agencies 130

Collection Agencies Collections Agency Collections 130

Nerd Wallet

MARCH 7, 2023

Elizabeth Renter writes for NerdWallet. Email: elizabeth@nerdwallet.com. Twitter: @elizabethrenter. The article Prices, Selection Improve for First-Time Home Buyers in Q4 originally appeared on NerdWallet.

19

19

Credit Corp

MARCH 6, 2023

Quick answer: You can try joining a credit union, signing up for a starter credit card, getting a credit card through your current bank, applying for a secured credit card, becoming an authorized user on another person’s account or taking out a credit builder loan. Make sure to check your credit score and credit report for a complete picture of your current credit.

Credit Unions 98

Credit Unions Credit Unions Retail Loans 98

Advertisement

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

True Accord

MARCH 9, 2023

More than 20 million US households are behind on their utility bills, according to the National Energy Assistance Directors Association (NEADA), which described it as the worst crisis it has ever documented. Delinquencies are rising across all industries, but utility debt specifically has doubled from pre-pandemic levels, and as moratoriums ended customers faced the onslaught of unpaid bills.

Debt Recovery 89

Debt Recovery Collections 89

Account Recovery

MARCH 10, 2023

COMPLAINT ACCUSES COLLECTOR OF DEBT PARKING We haven’t seen a lot of these types of lawsuits, even though people expected to see a lot of them filed after Regulation F went into effect. A plaintiff is accusing a collection operation of violating the Fair Credit Reporting Act and the Fair Debt Collection Practices Act by … The post Daily Digest – March 10.

Collection Agencies 130

Collection Agencies Collections Agency Fair Debt Collection Collections 130

Nerd Wallet

MARCH 7, 2023

Ruth Sarreal writes for NerdWallet. Email: rsarreal@nerdwallet.com. The article 3 Common Banking Scams and How to Avoid Them originally appeared on NerdWallet.

Banks 93

Banks 93

Credit Corp

MARCH 8, 2023

When it comes to credit reports, the worst credit score you can possibly have is 300, and the highest score you can have is 850. According to Experian, one of the three leading credit bureaus, the average credit score in the United States is 714. No matter where on the credit score meter you rate, it’s important to understand if potential lenders and creditors view your score as poor, fair, good, very good, or excellent.

Lender 81

Lender Creditors Loans Collections 81

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.

Debt Recoveries

MARCH 5, 2023

The recovery of vehicle repairs and associated costs as a result of an accident is one of the many arms of insurance claims recovery that Debt Recoveries Australia. These costs could include towing, salvage, assessment fees, loss of use and car rental costs. Many people are unaware that if they are at fault in a car accident, they may be entitled to make a claim against the at-fault party or their insurer for more than just the damage to their vehicle, including the cost of a temporary replaceme

Debt Recovery 75

Debt Recovery Lawyers Collections 75

Account Recovery

MARCH 10, 2023

We have seen defendants get taken to the woodshed for removing cases filed in state court to federal court, only then to file motions to dismiss, arguing the plaintiffs lack standing. But, much like a plaintiff needing to show a concrete injury in order to show he or she has standing, if a defendant attempts … The post Judge Denies Plaintiff’s Motion for Fees in FDCPA Case Removed and then Remanded Back to State Court first appeared on AccountsRecovery.net.

130

130

Nerd Wallet

MARCH 8, 2023

Anna Helhoski writes for NerdWallet. Email: anna@nerdwallet.com. Twitter: @AnnaHelhoski. The article January Rent Data: 64% of U.S. Cities Fail the Affordability Test originally appeared on NerdWallet.

91

91

Credit Corp

MARCH 8, 2023

The amount of money you should have in savings depends on your specific situation and on a variety of factors, such as your age. For example, a worker in their 20s who’s not married or has no children has very different financial needs than a worker in their 30s or 40s with a family and a house. Most financial experts agree that individuals should have at least 6 to 12 months of savings in their account to serve as a safety net in the event of an emergency.

Consolidate Debt 81

Consolidate Debt Banks Credit Card Debt 81

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

Debt Free Colorado

MARCH 10, 2023

Learn about the Five Bankruptcy Myths in Littleton, Colorado Due to worries stoked by myths and misconceptions about bankruptcy, many people choose not to obtain debt relief. Truth be told, declaring bankruptcy may be one of the best decisions you’ve ever made for your present, future, and family. Despite the fact that the word “bankruptcy” can be unsettling, it’s a good thing that this popular misconception is untrue.

Bankruptcy 52

Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Debtor 52

Account Recovery

MARCH 10, 2023

The Consumer Financial Protection Bureau and the National Labor Relations Board have signed an information-sharing agreement as a means of protecting consumers from employer-driven debt, which is often “pursued” by third-party collectors, among other priorities. A copy of the Memorandum of Understanding between the two federal agencies can be accessed by clicking here.

130

130

Nerd Wallet

MARCH 10, 2023

Steven Porrello writes for NerdWallet. Email: wpguestuser+sporrello@nerdwallet.com. The article 10 ETFs With the Highest Exposure to Silicon Valley Bank originally appeared on NerdWallet.

Banks 88

Banks 88

Credit Corp

MARCH 8, 2023

Your credit history and scores can impact your entire life. Whether or not you can get a loan—and at what interest—often depends on your credit. Credit can also play a role in whether you can rent the apartment you want, get a credit card for use in daily life or enjoy a great deal on car insurance. Good credit improves your chances at these things, while bad credit decreases them.

Credit Counselor 75

Credit Counselor Education Lender Credit Bureau 75

Advertisement

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.

Collections