Enterprise Recovery

AUGUST 9, 2024

Navigating the financial landscape of business operations can be daunting, regardless of the company's size. From small startups to large corporations, financial challenges constantly require careful planning and strategic decision-making. Whether managing cash flow, setting financial goals, staying compliant with taxes, or planning for growth, businesses must proactively address these challenges to ensure long-term success and sustainability.

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Startups 214

American Profit Recovery

AUGUST 5, 2024

American Profit Recovery is a great place to build a career. Since 2008 we have been ranked as one of the best places to work in collections. And that comes straight from our team members. For over a decade, we’ve gone through a time-consuming survey process that methodically ranks the best places to work in the collection industry. And it is well worth the effort.

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Collections 203

Account Recovery

AUGUST 9, 2024

The Consumer Financial Protection Bureau yesterday announced an enforcement action against Credit Repair Cloud and its CEO, Daniel A. Rosen, for their role in aiding credit repair businesses that charged illegal advance fees to consumers.

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Consumer Finance

AUGUST 7, 2024

The CFPB filed a proposed order to resolve its lawsuit against Credit Repair Cloud and CEO Daniel Rosen for assisting businesses that charge illegal advance fees to consumers.

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Speaker: Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

UK debt collections

AUGUST 6, 2024

More than 2.7 million debts were referred to bailiffs by local authorities in England and Wales during the 2022/23 financial year, according to new research conducted by the Money Advice Trust , the charity that runs National Debtline, and the Centre for Social Justice think-tank. The findings, based on Freedom of Information requests to local authorities, form part of wider research into council tax debt and collection practices published by the Centre for Social Justice, which reveals that 1.3

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Government Collections 89

Account Recovery

AUGUST 9, 2024

Rohit Chopra, the director of the Consumer Financial Protection Bureau, went on Reddit yesterday and did an AMA (Ask Me Anything). For an hour, Chopra answered questions from Reddit users about medical debt and the Bureau’s proposed rule on medical debt credit reporting. Comments on the proposal are due Tuesday, August 12.

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Healthcare Collections 130

Consumer Finance

AUGUST 6, 2024

The CFPB issued a report finding that some residential solar lenders are misleading homeowners and cramming markup fees into borrowers’ loan balances.

Lender 107

Lender Loans Financial services 107

Debt RR

AUGUST 8, 2024

When faced with unpaid debts, businesses often consider either placing accounts with a collections agency or filing an insurance claim to recover losses. While both options have their merits, placing accounts for collections offers several distinct advantages that make it a more effective and efficient solution. Higher Recovery Rates Collections agencies specialize in debt recovery.

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Debt Recovery Collections Agency Collection Agencies Collections 67

NCBA Law Practice Management Blog

AUGUST 9, 2024

Generally speaking, most law firm intake systems need a whole heck of a lot of work. But, while many law firms lose leads through their client journey, that probably could have been converted – there is one thing that law firms usually get right, in the intake process. Law firms tend to generate short initial intake forms, which is great – because legal consumers don’t want to jump through a lot of hoops before they’re allowed to talk to their potential attorney.

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Law Firms Lawyers Bankruptcy Creditors 59

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

AUGUST 9, 2024

Separate Suits Accuse Different Defendants of Not Honoring Cease Requests Defendants in CFPB Credit Repair Fee Suit to Pay $3M Highlights from Encore Capital’s Earnings Call Highlights from Rohit Chopra’s Reddit AMA on Medical Debt Credit Reporting Proposal WORTH NOTING: You think you could win a bronze medal while suffering with COVID?

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Consumer Finance

AUGUST 6, 2024

People can submit complaints about solar loans with the CFPB and with other federal and state agencies.

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Loans Education 89

Direct Recovery

AUGUST 3, 2024

Working to improve your credit score can be a difficult undertaking due to the fact that you never really know for sure how much impact any given action will have on your score, or how long it will take for those changes to show up. If you are working to improve your score, you likely have a target number in mind and a deadline you need to hit, which means that you absolutely must get the most impact possible on every action you take.

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NCBA Law Practice Management Blog

AUGUST 9, 2024

Any divorce lawyer, if they could get to a client when they were about to get married , would advise a prenup. Similarly, and more relevant to the current topic, any business or corporate attorney would tell any partners in a business venture, to make sure to sign a partnership agreement or operating agreement before joining together. The thesis for both scenarios is pretty similar , in that i t presumes the ‘ un’happy ending – which no one wants to think about before starting a new journey, eve

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Law Firms Lawyers Creditors 52

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Collection Agencies

Account Recovery

AUGUST 9, 2024

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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Hudson Weir

AUGUST 9, 2024

Hudson Weir have been appointed as administrators for the reigning British Basketball League champions, the London Lions. Joint administrators Hasib Howlader and Nimish Patel – both Licensed Insolvency Practitioners – have stepped in to guide the club through this challenging time and are currently searching for a buyer. The Lions men’s and women’s teams are both reigning British champions and the women were crowned winners of the EuroCup when they beat Turkish giants Besiktas in Apr

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Payment Savvy

AUGUST 6, 2024

Financial transactions revolve around various numerical identifiers that ensure secure and precise processing. These identifiers are fundamental, from the bank account number on checks to the digits on your credit card. Understanding these identifiers can help you manage your finances more effectively and avoid potential transaction pitfalls. As financial technologies evolve, keeping abreast of these fundamentals remains crucial for personal and business financial health.

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Banks Financial Institution Loans 52

NCBA Law Practice Management Blog

AUGUST 4, 2024

Law firm owners are heavily focused on revenue; but, maybe: not in the right way. Because, when I say that law firm owners are ‘focused on revenue ’, I really mean that they ‘worry about it constantly ’. But, that’s not productive. A more productive way to express your concern over the revenue your business generates is to focus on growth. The simplest step that a managing lawyer can take, in the right direction, when it comes to revenue growth, is to just set a goal.

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Law Firms Lawyers Creditors 52

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

AUGUST 8, 2024

Getting to Know Karin Dussault of First Financial Resources Los Angeles County Wants to Scrutinize Hospitals’ Medical Debt, Including Accounts Placed with Collection Agencies Appeals Court Affirms Ruling for CRA in FCRA Case, But Dissenting Opinion Says ‘Critical’ Evidence was Overlooked PRA Group Reports Higher Profits, Shares Update on Impact of Turnaround Plan WORTH NOTING: […]

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Collections Agency Collection Agencies Collections 130

Consumer Finance

AUGUST 6, 2024

Las personas pueden presentar quejas sobre préstamos para energía solar ante el CFPB y otras agencias federales y estatales.

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Education 52

Credit Corp

AUGUST 8, 2024

Coming up with the money you need to buy a house can seem out of reach for many people to do alone. According to a recent survey, about half of Americans are willing to split the cost of buying a home with someone else. Buying a home with your sibling may help you pool your resources and get into a nicer home than you could afford alone. But there are a few steps you’ll want to take to make sure the experience is a positive one.

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Lender Loans 40

Account Recovery

AUGUST 8, 2024

Los Angeles County, the largest county in the United States — with nearly 10 million residents — is on the cusp of enacting an ordinance that could reshape how hospitals manage and report medical debt.

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Collection Agencies Collections Agency Collections Healthcare 130

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Finance Transformation Myths Busted Over 75% of organizations struggle to define the right success metrics to benchmark the impact of their finance transformation investment. Whether you are just initiating your digital transformation journey or planning to pitch your next AI project to leadership, without the right metrics and a rigorous tracking process - all your efforts might go to waste!

Account Recovery

AUGUST 8, 2024

PRA Group reported its second quarter financial results earlier this week, and while the news at the company was good, there were a number of interesting nuggets that the company disclosed during a conference call with analysts that might be of more interest.

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Account Recovery

AUGUST 8, 2024

I am thrilled to announce that the Getting to Know series will be sponsored by TEC Services Group in 2024. TEC Services Group is the leading technology and professional services firm in the credit collections industry offering both leading industry solutions along with unrivaled, unbiased, and experienced support.

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Collections 130

Account Recovery

AUGUST 7, 2024

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.

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Accounts Receivables Management Collections 130

Account Recovery

AUGUST 7, 2024

A District Court judge in Nevada has granted partial summary judgment to both the plaintiff and the defendant in a Fair Debt Collection Practices Act case, ruling that while the defendant’s actions in obtaining a default judgment were improper, the subsequent attempts to collect the debt were permissible under the law.

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Judgment Fair Debt Collection Collections 130

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