UK debt collections

MAY 5, 2022

There has been a significant increase in the number of landlords seeking rent arrears debt collection action to recover lost rent, according to eviction firm Landlord Action. The debt collection industry has seen a sharp rise in landlords requesting information on how to recover unpaid private housing rent. Debt Collection for unpaid rent is a well sought after service but is notoriously difficult especially in the current climate.

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Collections Judgment Collection Agencies Collections Agency 90

Better Credit Blog

MAY 1, 2022

Most of you who have been reading this blog for a while know that I prescribe a very detailed and specific method for improving your credit score quickly – but I also have some credit hacks to best optimize your FICO credit score. It basically boils down to removing negative items from your credit report and rebuilding your credit with a secured credit card.

Loans 97

Loans Creditworthiness Student Loans Student loans 97

Account Recovery

MAY 4, 2022

An Appeals Court in Washington state has upheld a lower court’s dismissal of a Fair Debt Collection Practices Act case that accused a creditor of violating the statute by attempting to collect in a name different than its own. A copy of the ruling in the case of Morgan v. Bank of America can be … The post Wash. Appeals Court Affirms Dismissal of FDCPA Suit Against Creditor appeared first on AccountsRecovery.net.

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Creditors Fair Debt Collection Banks Collections 244

Enterprise Recovery

MAY 6, 2022

When hiring a qualified accounts receivable specialist, it's important that they have the right skill sets. They're going to be speaking with your customers directly about one of the most uncomfortable topics - money. They need confidence, persistence and enthusiasm, and also they need the proper training. We took a look at A/R job descriptions for a better idea of what's required.

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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.

American Profit Recovery

MAY 1, 2022

The size of your business does not matter when it comes to accounts receivables. If you are running any type of business, accounts receivable management is part of managing a business that has positive cash flow. Paying attention to AR management is a critical component of keeping any business alive. Because we are part of the process of managing accounts receivables for large businesses as well as small organizations, our experts have a pulse on what you need to know to ensure that internally y

Accounts Receivables Management 207

Accounts Receivables Management Collection Agencies Collections Agency Collections 207

Account Recovery

MAY 6, 2022

GRAND JURY CHARGES BANNED COLLECTOR IN FRAUD CASE A woman who has been no stranger to the law enforcement side of the debt collection business — in fact she was previously barred from participating in the industry back in 2018 — has been charged with conspiracy to commit wire fraud, 16 counts of wire fraud, … The post Daily Digest – May 6.

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Collections 246

Nerd Wallet

MAY 2, 2022

NerdWallet’s travel experts harp on one concept over and over again: The smartest way to plan your trips, redeem points and miles, or select a new travel rewards credit card really depends on your individual travel goals. Turning your travel rewards plans into a smart money move doesn’t have to entail opening 20-plus credit cards. Elina Geller writes for NerdWallet.

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Prosperity Now

MAY 3, 2022

Introduction Most VITA questions are resolved by referring to information provided by the IRS in the form of publications, form

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Consumer Finance

MAY 4, 2022

The Consumer Financial Protection Bureau (CFPB) finalized an enforcement action against Bank of America for processing illegal, out-of-state garnishment orders against its customers’ bank accounts.

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Garnishment Banks 145

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

Account Recovery

MAY 6, 2022

The Governor of New York has signed a bill into law that prohibits colleges and universities from withholding transcripts from individuals who owe the schools money, a practice that has been described as “transcript ransoming.” S.5924C/A.6938 goes into effect 30 days after it was signed by the governor. Nationwide, nearly 7 million students were unable … The post N.Y.

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Nerd Wallet

MAY 4, 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. If you’re concerned because the Federal Reserve just raised interest rates again: Take a minute to get some perspective.

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Education 107

Troutman Sanders

MAY 3, 2022

A federal district court in New Jersey recently dismissed a complaint against a bank filed by a commercial customer duped by a business email compromise incident. The case involved four wire transfers totaling $1.4 million dollars. The court found that even though the customer was tricked by a fraudster into initiating the transfers, the wires were authorized by the customer’s account manager who approved and confirmed the transactions.

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Better Credit Blog

MAY 2, 2022

My credit repair journey started when I had a credit score in the 530s. I couldn’t get a credit card, let alone a mortgage loan. That’s when I said enough is enough and set out to learn everything I could about improving my credit score. I had a lot to learn. I started by figuring out what credit score models really meant by terms like bad credit, fair credit, good credit, and excellent credit.

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Loans Lender Student Loans Student loans 95

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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

Account Recovery

MAY 5, 2022

The “Getting to Know” series is sponsored by Applied Innovation. Applied Innovation is helping to shape the future of accounts receivable management. Product development is driven by customer feedback, agency profitability and compliance and includes platforms addressing client portal access, document management, payment negotiation, Regulation E focused electronic payment authorizations and TCPA communication authorization platforms. … The post Getting to Know Debbie Frank of

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Credit Bureau Accounts Receivables Management 246

Nerd Wallet

MAY 4, 2022

The Federal Reserve yanked a short-term interest rate higher this week, making it more expensive to borrow money to buy a home or fix it up. All in the name of slowing inflation. The central bank raised the federal funds rate Wednesday by 0.5%, or half a percentage point. The Fed hadn’t raised the federal. Holden Lewis writes for NerdWallet. Email: hlewis@nerdwallet.com.

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Banks 102

Consumer Finance

MAY 1, 2022

Today the Consumer Financial Protection Bureau (CFPB) released its Supervisory Highlights report on legal violations identified during the CFPB’s supervisory examinations in the second half of 2021. The report details key findings across consumer financial products and services.

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Repossession Loans 90

UK debt collections

MAY 4, 2022

Leading Insolvency firm Begbies Traynor has reported a 19% rise in Companies in critical financial distress for the first 3 months of 2022. Research conducted by the Insolvency specialist has found that 1,891 firms were now in severe financial distress for the first quarter of the year. This is almost a fifth higher than for the same period of twenty twenty-one (2021).

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Government Construction Loans Creditors 82

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.

Account Recovery

MAY 5, 2022

LOS ANGELES, CA – May 4, 2022 – Papaya, a modern bill payment platform that uses proprietary computer vision technology to simplify bill payments for consumers, today announced its partnership with Applied Innovation, a software development company that provides a suite of solutions for the Accounts Receivable Management (ARM) industry to automate workflow and improve … The post Papaya and Applied Innovation Partner to Enable Frictionless Payment Methods for Accounts Receivable

Accounts Receivables Management 246

Accounts Receivables Management 246

Nerd Wallet

MAY 2, 2022

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion about National Small Business Week. Then we pivot to this week’s money question from Bryan, who sent us an email. They wrote: “Hi, Nerds. I love listening to your advice during my commute. Speaking of. Liz Weston, CFP® writes for NerdWallet.

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Better Credit Blog

MAY 3, 2022

A credit monitoring service should make tracking your credit score a seamless part of your life — much like checking your email or ordering delivery for dinner. The best services, which I list below, all excel with this kind of accessibility, but they also have some distinct differences. Each credit monitoring service charges different fees (or no fees) and provides a unique combination of services.

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Financial Institution Credit Bureau Lender Banks 80

Consumer Finance

MAY 4, 2022

CFPB Director and FDIC Board Member Rohit Chopra’s statement on the notice of proposed rulemaking regarding the Community Reinvestment Act.

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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

Account Recovery

MAY 6, 2022

A woman who has been no stranger to the law enforcement side of the debt collection business — in fact she was previously barred from participating in the industry back in 2018 — has been charged with conspiracy to commit wire fraud, 16 counts of wire fraud, and conspiracy to defraud the United States as … The post Grand Jury Charges Banned Collector in Fraud Case appeared first on AccountsRecovery.net.

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Collections 246

Nerd Wallet

MAY 6, 2022

Your sibling asked you to cover their rent for a couple of months while they were between jobs. Or maybe you loaned a friend a few hundred bucks for a car repair they couldn’t afford. You’d do anything to help those you love. And you did. But what should you do when they don’t pay. Lauren Schwahn writes for NerdWallet. Email: lschwahn@nerdwallet.com.

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Loans 96

Better Credit Blog

MAY 3, 2022

Be careful when you buy credit repair software. Many programs promise a lot, including dramatic increases in your credit score. In reality, the software cannot provide a miracle cure for a bad credit score. When you buy a credit repair software program, you’re buying tools to help you repair your own credit. The software can make your credit repair process easier, but it’s still up to you to do the actual repair work.

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Collection Agent Banks Lender Bankruptcy 75

UK debt collections

MAY 3, 2022

Problems with Unpaid Commercial Rent Arrears have seen Bailiffs seize a scenic golf course. Bailiffs seized the golf course last week in Portishead, Bristol. The land tied in with the golf course, formerly known as ‘Portishead approach gold course’ is owned by North Somerset Council. The Approach gold course had been let to a Mr Adrian Stiff for over several years.

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Collections 59

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