This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Payment reminders are perhaps the simplest, most flexible solution to reduce routine late (or delinquent) payments. So why aren’t businesses taking full advantage of this simple, easy, effective tactic? Some business owners are nervous about implementing new software tools that require extensive training to launch. Others are still operating on manual or paper reminders that may not reach customers before their payment due date or come in a format consumers dislike or ignore.
As households continuing to grapple with finances, lenders that offer the right combinations of digital-first customer support will experience the benefits, including improved repayments, debt resolution, longer-term customer loyalty and greater market share. By concentrating on effective customer engagement, lenders will also ensure that they are better aligned with regulatory requirements.
‘Work in Progress’ (often abbreviate d to WIP) is a representation of work outstanding for law firm clients. While most lawyers just let it ride, and take it for granted that the work just keeps coming in, and keeps getting done – WIP has some predictive powers that law firms are largely ignoring. Your WIP gives you an idea of what your pipeline value is, in aggregate.
Consumers continued to appear to have opposing reactions to their interactions with companies in the accounts receivable management industry in October, with fewer consumers complaining to the Consumer Financial Protection Bureau, but more consumers filing lawsuits, according to data released yesterday by WebRecon. WebRecon did note that the number of complaints filed by consumers with … The post Complaints Drop, But Lawsuits Rise in October: WebRecon appeared first on AccountsRecovery.net
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?
You can now manage most aspects of your money without ever consulting another human being. You can budget, borrow, save, invest, buy insurance, prepare your tax return and create a will — among many other tasks — by using apps, websites and software. But technology still has limitations, especially when you’re facing a money situation. Liz Weston writes for NerdWallet.
When you’re in debt, getting calls from debt collectors is an unwelcome but common occurrence. But can debt collectors call on holidays? Unfortunately, there are no regulations that specifically make debt collection calls on holidays illegal, but there are regulations that prohibit debt collectors from contacting consumers at unusual or inconvenient times.
Sign up to get articles personalized to your interests!
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
When you’re in debt, getting calls from debt collectors is an unwelcome but common occurrence. But can debt collectors call on holidays? Unfortunately, there are no regulations that specifically make debt collection calls on holidays illegal, but there are regulations that prohibit debt collectors from contacting consumers at unusual or inconvenient times.
Welcome to the holiday shopping season for 2021, the second impacted by the pandemic. Global Supply chain issues and scenes of countless ships waiting to unload their global cargo have certainly reminded us all of how interconnected we are around the globe. When we combine those logistics challenges with lingering fears of entering crowded malls, we have certainly injected a heightened level of stress and scarcity into this year’s e-commerce bonanza.
If there is one certainty about what is going to happen once Regulation F goes into effect on November 30, it’s that individuals who receive notices from debt collectors are going to dispute more debts. By providing the option for consumers to dispute the validity of a debt on the tear-off portion of the Model … The post Bedard Breaks Down Reg F’s Section on Disputes appeared first on AccountsRecovery.net.
Extracurriculars like sports, dance and marching band can be expensive enough given the uniforms, team fees and equipment. Throw in the often-exorbitant cost of traveling to meets and performances, and it’s easy to feel like competing is a massive foul on your bank account. I certainly feel that way. As a competitive athlete in two. Sally French writes for NerdWallet.
The 2021 holiday shopping season started early, with many people shopping well ahead of traditional deal days like Black Friday. That’s due in part to fears that supply chain and other logistics issues may mean the right gifts won’t be on the shelves later this year. That doesn’t mean Black Friday and other major sales days are on hold this season, though.
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.
In the latest HMRC update, overdue debt increased to £58 billion – a record-breaking level of debt. Sushil Patel, Director of Restructuring Advisory at Kroll, has explained how this may impact the collection of debt in a period of financial recovery for the UK. In the 13 years prior to the 2020-21 financial year, HMRC’s overdue debt averaged £18.1 billion, peaking in 2008/09 following the financial crisis, where the debt level approached £26 billion.
The Attorney General of New York announced yesterday a settlement with three debt collection companies owned by Andrew Fanelli that will permanently ban them from any future debt collection activities while also paying $1.2 million in fines and restitution to individuals impacted by the collectors’ tactics. A copy of the Assurance of Discontinuance between the … The post Collection Operations Banned From Industry, to Pay $1.2M in Fines appeared first on AccountsRecovery.net.
Air travel during the holidays typically incurs no shortage of lines. Throw in the range of COVID-19 impacts — including more travelers hoping to make up for the past years of lost travel — plus ongoing staff shortages, and you can expect lines to be plentiful. In fact, about 3 in 10 Americans who say they didn’t travel. Sally French writes for NerdWallet.
Ironically, even when a credit card issuer checks your credit history and approves you, your credit score still drops by a few points. This is because they’ve had to run a hard credit check or inquiry so they could see your full credit history. Every hard check results in a small deduction of points from your score. So, after receiving a new credit card, you could go back to check your score and find it’s lower than before.
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.
A last will and testament and a living trust are two of the most common estate planning methods. A living trust is attractive for many because it provides for an efficient and effective disposition of assets to loved ones, and unlike a will a living trust avoids probate court. Once a trust is established it must be funded. Funding a trust is the process of transferring ownership of assets from the individual(s) who established the trust to the trustee of the trust, which involves titling assets
A District Court judge in Pennsylvania has partially granted and partially denied a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act and Telephone Consumer Protection Act case that may offer a glimpse into how judges are going to address itemized debts once Regulation F goes into effect next week. A copy … The post Judge Partially Grants MSJ for Defendant in Itemized Debt Case appeared first on AccountsRecovery.net.
Whether it’s tumbling temperatures or a blackout blizzard, winter weather can wreak havoc on a home. But you can avoid a disaster with some preventive action. Here are four common types of winter-related home damage and how you can prevent them, plus how home insurance works if you can’t. 1. Burst water pipes If your. Ben Moore writes for NerdWallet.
An announcement is expected to be made advising that Tenant Evictions will be suspended over the Christmas period. It is understood a ‘christmas truce’ will be announced advising that all bailiff enforced evictions will be stopped between December 13th and January the 10th. The HM Courts and Tribunal has confirmed that this will continue the pattern of previous years.
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.
We recently wrote an in-depth guide to county court judgements and in this article we’ll answer a common query – can you get a mortgage with a CCJ? Despite the COVID-19 pandemic and multiple lockdowns, the UK housing market has continued to look strong, thanks in part to record low-interest mortgage rates. Securing the best deal requires a strong credit history though, so taking out a mortgage with a CCJ against your name makes things much more complicated.
The California Department of Financial Protection & Innovation is seeking comments on a proposed rulemaking that would require four different industries to be registered with the state in order to operate — debt settlement services, student debt relief services, education financing, and wage-based advances. Comments on the proposed rulemaking are due by December 20 and … The post DFPI Issues Draft Rules to License Four New Types of Industries, Including Debt Settlement Providers
Cash flow can get tight around the holidays when bills must compete with things like gifts and travel for space in your budget. Paycheck advance apps offer a cash boost. They let you borrow money from your expected earnings for low or no fees, and take repayment from your next paycheck. Though that offer may. Annie Millerbernd writes for NerdWallet.
If you're considering bankruptcy, you may be worried that friends and family members are going to think that it's your fault and blame you for some sort of financial mistake. You may worry about how they're going to see you. You may even stress yourself, wondering what errors you made and why you did things that put you in this position. . But is it really your fault?
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.
Banks, financial services and commerce all face a tricky balancing act when it comes to successfully meeting digital consumers’ expectations. It’s a benchmark that continues to shorten driven in part by evolving behaviour amid the ongoing pandemic, which has increased the demand for digital-first originations. Both the onboarding of returning customers and signing in of new visitors requires some form of verification to safeguard them from ID theft, prevent fraud and uphold regulatory requiremen
The battle lines have been drawn. When it hears arguments in Hunstein v. Preferred Management & Collections — during the week of February 21, 2022 — the Eleventh Circuit Court of Appeals wants to hear from both sides on whether the plaintiff actually has standing to bring his lawsuit in the first place. The Eleventh … The post Eleventh Circuit Announces Date, Topic for Hunstein Rehearing appeared first on AccountsRecovery.net.
Las Vegas is renowned for its glamorous entertainment options and broad swath of high-end accommodations. Hilton loyalists can expect to find more than 30 Hilton properties among the hundreds of hotels in the area, which makes finding somewhere to redeem points a breeze. If you’re hoping to stay with Hilton Honors in Las Vegas, here’s. Carissa Rawson writes for NerdWallet.
Four years of data from Visma | Onguard’s Fintech Barometer finds growing confidence in blockchain technology. London, 25 November 2021 – 65% of organisations have either adopted blockchain technology or worked out the first ideas for future adoption in 2021, up from 51% in 2018. Of this 65%, almost a third are already utilising the technology – a significant 12% increase on last year’s levels.
CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.
Input your email to sign up, or if you already have an account, log in here!
Enter your email address to reset your password. A temporary password will be e‑mailed to you.
We organize all of the trending information in your field so you don't have to. Join 19,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
72 
Let's personalize your content