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When you’re in debt, getting calls from debt collectors is common. But can debt collectors call on holidays? Although there are no regulations that specifically make calling on holidays illegal, there are regulations that prohibit debt collectors from contacting consumers at unusual or known inconvenient times. . Find out more about the answer to this common question, and learn what you can do to take care of your debt for good. .
When a borrower applies for a loan, most lenders require the borrower to pledge an asset as security for the repayment of the loan, i.e. collateral. In the event the borrower defaults, usually by failing to make loan payments, a secured creditor has a right to take possession of the collateral. § 679.609, Fla. Stat. The quickest and cheapest way for a secured creditor to take possession of the collateral is by self-help repossession.
There was a time when remote work—commonly referred to as telecommuting—was widely regarded as an incentive not only for employees but also for their employers. However, with the COVID-19 pandemic, remote work has become less of an incentive than a necessity. After all, telecommuting is pretty much the only way some companies can continue their operations with a semblance of normalcy amid lockdowns and tightening restrictions on business.
Generally, things that are sticky are not things that are sought after and desired. But when it comes to practice and training, that needs to be sticky to be effective. Because how many times have you set up a training session for your collectors, watched them walk back to their desks and use it for … The post Training Bytes Video: How to Use Practice to Help Motivate Collectors 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?
As we've said before, time is money. With that in mind, the last thing you or your sales reps want to do is spend time with a client who: Doesn't match your version of the ideal client. Doesn't have a need for what you're offering. Doesn't have the money to pay you. Timing is also everything. Your salespeople need to be able to identify if the client meets all of your qualifiers and is ready to buy.
Theoretical Underpinnings. Our PR guy was in town this time last year and among all of the really good questions that were asked during filming, there was one that struck me. What gets you out of bed in the morning? My first thought was when you have hobbies like hunting and fishing, you’re always awake before the sun comes up. It also means that you wait for the weekdays to ‘sleep in’ (if only until 5 am).
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Theoretical Underpinnings. Our PR guy was in town this time last year and among all of the really good questions that were asked during filming, there was one that struck me. What gets you out of bed in the morning? My first thought was when you have hobbies like hunting and fishing, you’re always awake before the sun comes up. It also means that you wait for the weekdays to ‘sleep in’ (if only until 5 am).
In a previous article, we discussed the importance of a SWOT analysis. One of the main functions of the SWOT analysis is to help formulate strategies to keep the business running and help it grow. Here, we will look at the most common reasons why some strategies have been successful while others have failed. ‘Strategy’ is a magic word that can have different meanings in different industries.
GETTING TO KNOW DAN MEDINA OF GULF COAST COLLECTION BUREAU How many times have you heard, “Never show someone you can do something because then you’ll be asked to do it all the time”? Dan Medina is proof that you shouldn’t believe that for a second. Because without demonstrating a talent for data analysis, he … The post Daily Digest – November 19.
Yesterday, the LA Times reported " 'Work from Anywhere'" is Here to Stay " noting that tech companies are leading the way to making remote work permanent for their employees. IBM's CEO also stated that even with a predicted COVID vaccine, remote work would continue. It's not a surprise that for technology or digital marketing companies, remote work will be the norm, even after the pandemic.
Small businesses are a huge part of the American economy. They make up 99% of all businesses in the nation. But even in good times, small businesses have around a 50% long-term survival rate , making economic uncertainty and a global pandemic extremely worrisome for many small-business owners. Find out how you can support small businesses in your community this holiday season to help make your local economy a bit merrier and brighter.
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.
The COVID-19 pandemic will continue to touch every corner of the housing market in 2021. It will keep mortgage rates low and affect who will be able to buy homes. That’s not all. A wave of foreclosures will begin in 2021 unless lenders, nonprofits and the federal government coordinate effectively to prevent it. And housing. Holden Lewis is a writer at NerdWallet.
JUDGE GRANTS MOTION FOR DEFENDANT IN FDCPA LETTER CASE, DENIES MOTION FOR ATTORNEY’S FEES A District Court judge in New York has granted a defendant’s motion for judgment on the pleadings, but denied its motion for defense fees under the Fair Debt Collection Practices Act’s fee-shifting provision, after it was sued in a class-action for … The post Daily Digest – November 18.
Identity theft is a major problem. According to the Federal Trade Commission (FTC), there were more than 650,000 victims of identity theft in 2019, making ID theft the most-reported type of FTC complaint. Chances are good that you will encounter identity theft in your lifetime. That was the case for at least 1 in 10 Americans ages 16 and older in 2016, according to the most recent data from the Bureau of Justice Statistics.
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.
Life insurance applications for Americans have jumped in 2020 as the COVID-19 pandemic has made us more aware of our own mortality. No one has been more interested in their own life insurance gaps than the under-45 crowd. Application activity has grown almost twice as fast this year for Americans 44 and younger as for. Andrew Marder is a writer at NerdWallet.
A District Court judge in Georgia has granted a defendant’s motion to dismiss after it was sued for allegedly violating the Fair Debt Collection Practices Act, ruling that the plaintiff failed to state a claim because she forgot one of the most important components of an FDCPA claim. A copy of the ruling in the … The post Judge Grants MTD in FDCPA Harassment Case appeared first on AccountsRecovery.net.
The Bankruptcy Code enables a trustee to set aside certain transfers made by debtors before bankruptcy. See 11 U.S.C. §§ 544, 547, 548. These avoidance powers are subject to certain limitations, including a safe harbor in section 546(e) exempting certain transfers. Among other things, section 546(e) bars avoidance of a “settlement payment. made by or to (or for the benefit of). a financial institution [or] a transfer made by or to (or for the benefit of) a. financial institution.
Chapter 13 bankruptcy can help consolidate your debt so you can repay it, usually over 3 to 5 years. Your monthly payments will depend on your income since the plan is income-based, and while Chapter 13 can put you on the right financial path, it typically means making sacrifices in the short term. One of the most common things people scale back on is making their car insurance payments.
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.
Amid all of the retail chaos and change of 2020, at least one thing remains the same: the biggest sale day of the year. Black Friday — the day after Thanksgiving — has a reputation as the best time of the year to buy just about anything. But even though Black Friday still exists in. Courtney Jespersen is a writer at NerdWallet. Email: courtney@nerdwallet.com.
JUDGE GRANTS MTD IN FDCPA HARASSMENT CASE A District Court judge in Georgia has granted a defendant’s motion to dismiss after it was sued for allegedly violating the Fair Debt Collection Practices Act, ruling that the plaintiff failed to state a claim because she forgot one of the most important components of an FDCPA claim. … The post Daily Digest – November 17.
Many college graduates in Tennessee are struggling with student loan repayments, and you might be among them. Whether you have federal loans, private loans or some combination of the two, student loan debt has kept people from buying homes, starting businesses or even having children, to the extent that it has become a national issue of concern. Is public service loan forgiveness for you?
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.
The rules for protecting credit during the holidays usually don’t vary much from year to year, but in 2020, COVID-19 has changed where and how we shop. And money’s tight for a lot of people. About 40% of Americans said they plan to spend less on holidays this year due to the pandemic, according to. Bev O'Shea is a writer at NerdWallet. Email: boshea@nerdwallet.com.
President-elect Joe Biden continued to add members to his transition team, this time selecting a handful of individuals to oversee the Federal Communications Commission, including a former commissioner who voted in favor of the 2015 Omnibus ruling that dramatically overhauled the Telephone Consumer Protection Act and led to a landmark lawsuit. Mignon Clyburn, who served … The post Biden Names Former FCC Commissioner Who Voted in Favor of 2015 TCPA Ruling to Transition Team appeared first o
We reported in September of this year on a demand from multiple consumer advocacy groups to the Consumer Financial Protection Bureau (“CFPB”) to rescind its April 1, 2020, credit report guidance that relaxed the Fair Credit Reporting Act’s (“FCRA”) deadlines to investigate consumer-initiated direct disputes. In a letter dated November 9, 2020, CFPB Director Kathleen Kraninger told the National Consumer Law Center that the CFPB would not drop the FCRA relief for furnishers and credit report
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.
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