Collect More
OCTOBER 22, 2023
The default approach for many people chasing money is the guilt-trip. Crying poor. Basically pleading for the money and explaining why you need it so badly. This is the worst thing you can do. There’s no doubt there is a time and a place for a guilt trip but it should never be at your expense. “I would never do this to you” is fine. “Because of you I can’t pay my rent” is not.
Account Recovery
OCTOBER 24, 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?
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Consumer Finance
OCTOBER 24, 2023
The Consumer Financial Protection Bureau (CFPB) today released its biennial report to Congress on the consumer credit card market.
Jimerson Firm
OCTOBER 27, 2023
Getting Your Deposition Taken The thought of sitting for a deposition, whether you’re a litigant or a third-party witness, can be quite daunting, especially if you’ve never been through the process before. Keep in mind, however, that a deposition is simply part of the fact-finding process. The purpose of a deposition is for the deposing attorney to learn facts about the case.
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.
Prosperity Now
OCTOBER 24, 2023
Crisis Assistance Ministry has been a long-time Prosperity Now partner working to close the racial wealth gap in Charlotte, North Carolina. We interviewed Bonnie Tiernan, the organization’s Civic Engagement Manager to learn more about the organization, its successes, and challenges. Tell us some background about yourself – how did you get started with your organization?
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Credit Corp
OCTOBER 24, 2023
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Not using your credit card can have negative effects, such as your issuer closing your account or accruing fraudulent charges you aren’t aware of.
Qualco
OCTOBER 25, 2023
Modern organisations harness technology to gain insights and foster stronger relationships throughout the credit lifecycle. For instance, Big Data Analytics allows for more precise risk assessments by analysing vast amounts of data on borrower information. Artificial Intelligence and Machine Learning automate credit scoring, making loan approvals swifter and more accurate.
Prosperity Now
OCTOBER 22, 2023
This past September, we and 200+ of our favorite tax pros took over the City of Bridges (Pittsburgh, PA) for VITACon’23. After three days of talking nothin’ but taxes, the conference is in the books; however, the work is just beginning.
Account Recovery
OCTOBER 27, 2023
Collector Sued for Disclosing Debt Would be Removed if Paid, but Wasn’t on Credit Report to Begin With N.J.
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.
Credit Corp
OCTOBER 24, 2023
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. The average credit score by age 18 is 679. Source: Experian Q3 2022 A good credit score can help you apply for loans, pay less for insurance, and qualify for lower interest rates.
Consumer Finance
OCTOBER 23, 2023
One of the biggest challenges that banks face today is recruiting and retaining qualified employees.
PDC Flow
OCTOBER 25, 2023
Have you ever used mail merge to send out lots of personalized emails at once? Now you can send bulk messages with Flow from the PDCflow app instead. Send out thousands of secure communications and payment requests at one time. Do you have a list of customers who all need your company’s updated terms? Or does your company policy for 2024 need to be sent out to all your organization’s employees?
Account Recovery
OCTOBER 26, 2023
POTTSBORO, Texas — I got to do something yesterday that I rarely have had the chance to do — meet a collector.
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True Accord
OCTOBER 23, 2023
Did you know one of the most common reasons for missing a payment is because delinquent customers simply forget to pay their bill? But staying top of mind for consumers is harder than ever using traditional call-and-collect methods considering stricter compliance regulations and the fact that 94% of unidentified calls go unanswered. Plus, surveys have found that when it comes to debt collection, 40% of consumers state email as their first preference of communication, and contacting through a cus
Consumer Finance
OCTOBER 25, 2023
Eric Halperin, CFPB Enforcement Director, gave prepared remarks at the NCLC Consumer Rights Litigation Conference.
Hudson Weir
OCTOBER 24, 2023
If your company needs to restructure debt but directors want to continue trading, you may be considering a scheme of arrangement. This is a different process to a company voluntary arrangement (CVA) which is also covered by different legislation. And it differs from other solutions to address debt such as a creditors’ voluntary liquidation (CVL) or a company administration process.
Account Recovery
OCTOBER 25, 2023
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.
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.
Jimerson Firm
OCTOBER 24, 2023
Employers must ensure that they provide employees with leave benefits in compliance with all federal and state regulations. One such lesser-known Florida regulation, Section 741.313, Florida Statutes (the “Act”), mandates employees are provided with leave for certain purposes after encountering domestic violence events. In essence, the Act aims to give victims the opportunity to seek safety, medical care, legal assistance, or counseling without fear of losing their jobs.
NCBA Law Practice Management Blog
OCTOBER 22, 2023
Images in marketing are more important than ever – including moving images (videos). But, you know what remains pretty boring about websites? The stock images that are utilized at almost every single one of them to relay the value of a service or product. So, why not shake th ings up a bit ? Instead of buying the same old stock photos from Getty , or using a free service like Unsplash , or even taking your own photos.
Roths Child Law
OCTOBER 27, 2023
Many people struggle to pay off their debts. This can happen, for example, after people can’t pay off credit cards and struggle to recover from late fees. Or, to people who suffer from an injury and face medical bills but then face unemployment because of their medical condition. Bankruptcy is a tool debtors can use to resolve their debt obligations.
Account Recovery
OCTOBER 25, 2023
Perhaps not necessarily a surprise to anyone, consumers with lower incomes are falling increasingly behind on their finances while continuing to spend beyond their means and reporting higher debt payments every month, while higher-income earners are concentrating their finances on paying down high-interest debts like credit cards, according to a report released this week by […]
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?
Troutman Sanders
OCTOBER 27, 2023
In a major victory for small business lenders, yesterday the U.S. District Court for the Southern District of Texas granted motions filed by three groups of trade association intervenors to extend the court’s existing injunction against the Consumer Financial Protection Bureau’s (CFPB or Bureau) enforcement of its final rule under § 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Final Rule) to cover all small business lenders nationwide.
JMA
OCTOBER 26, 2023
In the world of Australian finance and business, few topics are surrounded by as much myth and misconception as statute barred debts. It’s crucial for both creditors and debtors to understand the reality behind these misconceptions to navigate the complexities of debt collection effectively. The term “statute barred” refers to a legal provision embedded within.
Sawin & Shea
OCTOBER 25, 2023
Timeshares can be an enjoyable investment for you and your family. But they can be a significant financial burden as well. If you’ve landed in a fiscal jam, you may wonder if you can file bankruptcy on a timeshare. Declaring bankruptcy will discharge most of your debt, including your timeshare ownership Here is all the info you need on timeshare bankruptcies.
Account Recovery
OCTOBER 24, 2023
The Federal Communications Commission yesterday announced it will begin assessing the evolving threat of how artificial intelligence is being used to impact illegal and unwanted robocalls and texts with the intention of looking at how the Telephone Consumer Protection Act can be used to protect consumers.
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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.
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