Fico Collections
FEBRUARY 9, 2023
Home Blog FICO Six Steps to Growth in a Global Economic Squeeze Learn how banks and other financial institutions can use personalization to drive growth in spite of global economic uncertainty FICO Admin Thu, 12/19/2019 - 16:29 by TJ Horan Vice President, Product Management expand_less Back To Top Thu, 02/09/2023 - 12:30 Right now, we’re all wrestling with the squeeze on household incomes and rising inflation.
American Profit Recovery
FEBRUARY 7, 2023
It’s a common question. What type of results should I expect from using a collection agency for my business? If your organization has made the decision to move forward on hiring a debt collection agency, you’ll be asking some common questions. How does the process work? What does the agency need from us? And of course, probably the most popular question about what type of results you might expect.
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Nerd Wallet
FEBRUARY 8, 2023
Anna Helhoski writes for NerdWallet. Email: anna@nerdwallet.com. Twitter: @AnnaHelhoski. Sean Pyles writes for NerdWallet. Email: spyles@nerdwallet.com. Twitter: @SeanPyles. The article Smart Money: Student Debt Cancellation at the Supreme Court originally appeared on NerdWallet.
Account Recovery
FEBRUARY 8, 2023
LAS VEGAS — What goes up, must come down. While some attribute this well-known saying to Sir Isaac Newton in 1665 or 1666 after he pondered why an apple fell straight down from a tree and never went sideways or some other direction, the saying actually goes back about 200 years and has been used … The post The Ups and Downs of Collections first appeared on AccountsRecovery.net.
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.
Debt Recoveries
FEBRUARY 5, 2023
You may be able to increase your insurance claims recoveries with the expertise of a specialised law firm, and leave the hassle of recoveries to the professionals. Insurance consultants and brokers handle the claims process but many choose to outsource the recovery efforts to a law firm. The knowledge and experience that law firms may contribute to the process is one of the key advantages of outsourcing claim recovery.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Enterprise Recovery
FEBRUARY 10, 2023
Financial statements are as important to business leaders as they are to investors. Working capital provides a financial snapshot of your business on the balance sheet - the difference between the company's current assets and its current liabilities. A cash flow statement offers insight into the expected cash generated over a certain period of time.
Account Recovery
FEBRUARY 10, 2023
The Attorney General of Massachusetts has announced a $6.5 million settlement with a home security company that was accused of “trapping” consumers in long-term auto renewal contracts while also violating the state’s debt collection regulations. A copy of the consent judgment with Safe Home Security, its sister companies, and the company’s chief executive can be … The post Security Company Reaches $6.5M Settlement with Mass.
Nexa Collect
FEBRUARY 9, 2023
Lumber companies provide hardware, lumber, and building materials for professional contractors and home builders. However, not all their invoices get paid on time. It is common for lumber companies to have overdue AR that runs into tens of thousands of dollars. This figure can run into millions of dollars for large lumber companies. Collecting money for Lumber Companies Nationwide Contact us for a free consultation Lumber companies often need professional help to negotiate non-payment cases and
Nerd Wallet
FEBRUARY 9, 2023
Lisa Anthony writes for NerdWallet. Email: lanthony@nerdwallet.com. The article Strategies Small Businesses Can Use to Retain Employees originally appeared on NerdWallet.
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.
Prosperity Now
FEBRUARY 7, 2023
The heart of President Biden’s State of the Union address came from a moment that honored Tyre Nichols and his
Account Recovery
FEBRUARY 8, 2023
A District Court judge in Indiana has adopted a Magistrate Judge’s report that recommended a defendant’s motion to dismiss be granted in a Fair Debt Collection Practices Act case related to the use of law enforcement officials effecting the service of process for a collection lawsuit. A copy of the ruling in the case of … The post Judge Dismisses FDCPA Case Over Use of County Sheriff as Process Server first appeared on AccountsRecovery.net.
Credit Corp
FEBRUARY 9, 2023
So, you received a bonus at work? Congratulations. Whether it’s a year-end bonus or a reward for strong performance, a planned or an unplanned bonus, any extra money can be a great reward. Before you start thinking of all the ways you want to spend this extra compensation, it’s important to realize that the IRS is going to take a fraction of your bonus.
Nerd Wallet
FEBRUARY 6, 2023
Barbara Marquand writes for NerdWallet. Email: bmarquand@nerdwallet.com. Twitter: @barbaramarquand. The article What Mortgage Company Changes Mean for Your Home Loan originally appeared on NerdWallet.
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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.
Consumer Finance
FEBRUARY 6, 2023
Today, the Consumer Financial Protection Bureau (CFPB) issued an advisory opinion to protect Americans from double dealing on digital mortgage comparison-shopping platforms. Companies operating these digital platforms appear to shoppers as if they provide objective lender comparisons, but may illegally refer people to only those lenders paying referral fees.
Account Recovery
FEBRUARY 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 Failing to Remove Dispute Flag When Furnishing to CRAs first appeared on AccountsRecovery.net.
Troutman Sanders
FEBRUARY 7, 2023
A recent opinion issued by the U.S. District Court for the Northern District of California granted an employer’s motion for summary judgment, rejecting a series of technical arguments advanced by the plaintiff that the employer’s background check authorization forms violated the Fair Credit Reporting Act (FCRA). In Keefer v. Ryder Integrated Logistics, Inc.
Nerd Wallet
FEBRUARY 10, 2023
Anna Helhoski writes for NerdWallet. Email: anna@nerdwallet.com. Twitter: @AnnaHelhoski. The article The Cost of Groceries: Are Food Prices Going Up? originally appeared on NerdWallet.
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.
Consumer Finance
FEBRUARY 6, 2023
CFPB Director Chopra’s statement on digital mortgage comparison-shopping platforms.
Account Recovery
FEBRUARY 10, 2023
A District Court judge in Kentucky has granted a defendant’s motion to dismiss after it was sued for violating the Fair Credit Reporting Act, ruling that the plaintiff lacked standing to sue after accusing the defendant of furnishing information about a debt twice on his credit report. A copy of the ruling in the case … The post Judge Rules Plaintiff Lacks Standing in FCRA Case Over Duplicative Items on Credit Report first appeared on AccountsRecovery.net.
Albuquerque Law
FEBRUARY 6, 2023
When a relationship becomes serious, the couple often starts to carefully consider their finances. After all, a long-term commitment like marriage usually means two people will combine their finances. As you consider both your assets and debts, you may wonder: will your partner’s financial situation affect yours if they filed bankruptcy in the past?
Nerd Wallet
FEBRUARY 10, 2023
Sam Taube writes for NerdWallet. Email: staube@nerdwallet.com. Twitter: @samuel_taube. The article ChatGPT Won’t Replace Financial Advisors Yet. Here’s Why originally appeared on NerdWallet.
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?
Sawin & Shea
FEBRUARY 8, 2023
Bankruptcy is a great option for many, as it can help people get back on track with their finances. People can discharge their debts via Chapter 7 liquidation or can repay their debts over time through a Chapter 13 repayment plan. Plus, these bankruptcy options also provide protection from creditors. Although bankruptcy can help you overcome debt, it will negatively impact your credit score, making it more challenging to obtain credit cards, loans, and other financial products.
Account Recovery
FEBRUARY 10, 2023
COMPLAINT ACCUSES COLLECTOR OF FAILING TO REMOVE DISPUTE FLAG WHEN FURNISHING TO CRAS A defendant has removed a case from state court to federal court in California after it was sued for violating the Fair Debt Collection Practices Act by not removing a dispute flag from an account when furnishing information to the credit reporting … The post Daily Digest – February 10.
PBWT
FEBRUARY 5, 2023
This post is about a junkyard, hogs getting slaughtered, and a bankruptcy judge poised to sanction a creditor and her counsel. The message from the case to would-be claimants in other cases is simple: do not “overreach.” In re U Lock, Inc. , Case No. 22-20823, 2023 WL 308210, at *1 (Bankr. W.D. Pa. Jan. 17, 2023). More specifically, in this case, a junkyard is the location of the debtor’s property, which consists of “construction debris, scrap piles, tire mounds, collapse
Nerd Wallet
FEBRUARY 6, 2023
Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com. Twitter: @SAFmedia. The article Inside San Francisco’s Expanded Centurion Lounge (Now Double Its Former Size) originally appeared on NerdWallet.
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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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