Sat.Apr 24, 2021 - Fri.Apr 30, 2021

article thumbnail

Interviewing, Hiring & Onboarding for Debt Collection Roles

Arbeit Software

With the onset of COVID-19, hiring & retention have become increasingly difficult in the debt collection industry. Not only that, but experts are predicting a major ramp-up in turnover as the pandemic begins to subside. Are you prepared? Employee onboarding experts, Mary Shores & Candace Burroughs , share their retention-boosting recruiting, interviewing, and onboarding best practices specifically for the debt collection industry.

article thumbnail

Do You Have to Get Debt Counseling Before Bankruptcy?

Sawin & Shea

Filing for bankruptcy is a process. As part of that process, the bankruptcy law requires that you get a certificate that evidences you did a pre-filing counseling session with an approved agency. Debt counseling (also called credit counseling) is required before you can declare bankruptcy. There is a pre-filing counseling and pre-discharge counseling.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Late Payments hampering Small Business recovery

UK debt collections

Small Business late payment is severely hampering recovery from the pandemic according to new data. Delayed payment of invoices owed to SME’s over the past 12 months totals a shocking average of £130,445.05. Whilst late payment continues, this will only serve to hinder Small Business recovery in the second half of this year. The latest findings are according to survey data from Dun & Bradstreet.

article thumbnail

FTC Fines Company $20M For FCRA Violations

Account Recovery

The Federal Trade Commission has reached a $20 million settlement with a company accused of violating the Fair Credit Reporting Act by improperly obtaining individuals’ credit reports and the FTC’s Red Flags Rule for failing to implement an identity theft program. The company, Vivint Smart Homes, will pay a $15 million civil penalty and $5 … The post FTC Fines Company $20M For FCRA Violations appeared first on AccountsRecovery.net.

Trade 246
article thumbnail

Solve Your Firms Automation Complexities Once and For All

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.

article thumbnail

How Shopping Small Makes a Big Impact in Your Community

Nerd Wallet

I get it. It’s easy to shop on Amazon. Running low on toilet paper? Need lightbulbs? Want a bath caddy on a whim? With two clicks and even less thought, the item you need/want/desire is at your doorstep, often in 48 hours or less. Shopping locally requires more thought. Supporting small businesses is an intentional. Kelsey Sheehy writes for NerdWallet.

141
141

More Trending

article thumbnail

Why should the Credit Reporting of Bad Debt be Delayed?

Nexa Collect

Simple Answer: Once the bad debt entry hits the credit report, the fear in the debtor’s mind is gone. You just used the most effective tool in debt recovery before giving enough time to the debtor to settle your unpaid bills. The debtor thinks “ What worse can happen? “ Even if he makes payment later, the entry stays there, negatively impacting his credit score for the next 7 years.

article thumbnail

Judge Partially Grants MSJ for Defendant Accused of Attempting to Collect From Wrong Person

Account Recovery

A District Court judge in Washington has partially granted a defendant’s motion for summary judgment while denying a plaintiff’s motion for the same ruling in a Fair Debt Collection Practices Act case in which the defendant attempted to collect a debt from the plaintiff, who claims not to have incurred the debt in question. A … The post Judge Partially Grants MSJ for Defendant Accused of Attempting to Collect From Wrong Person appeared first on AccountsRecovery.net.

article thumbnail

What’s the Average Student Loan Debt for a Bachelor’s Degree?

Nerd Wallet

The average loan debt for a bachelor’s degree among the class of 2019 was $28,950, according to the most recent data available from The Institute for College Access & Success. The amount of debt you take on for college will depend on a variety of factors. The most important factors to consider are where you. Anna Helhoski writes for NerdWallet. Email: anna@nerdwallet.com.

article thumbnail

Going Green: An Update on Installing Electric Vehicle Charging Stations in Condominium Parking Areas

Jimerson Firm

In 2018, the Florida Legislature amended section 718.113 of the Florida Statutes to include a provision requiring that condominium associations allow unit owners to install electric charging stations in limited common element parking areas assigned to each unit owner. The statute does not apply to common element parking spaces. What’s the Difference?

article thumbnail

Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

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.

article thumbnail

What are the disqualifiers to filing for Chapter 7 bankruptcy?

Roths Child Law

Debt can quickly mount if you don't aggressively address it early on. Many consumers who find themselves unable to pay their bills look to different debt relief options to gain a fresh financial start, including bankruptcy. Chapter 7 bankruptcy can provide you with that clean financial slate that you're looking for where you can wipe away most of your debts.

article thumbnail

Getting to Know Amy Stratz of FBCS

Account Recovery

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 Amy Stratz of FB

article thumbnail

The Entrepreneur Salary: How Much Should You Pay Yourself?

Nerd Wallet

Anyone who hasn’t been a business owner may romanticize the idea of “being an entrepreneur.” It’s easy to picture glamorous CEOs who have it all together and take home large salaries. But if you have been an entrepreneur, you know the life of a business owner is rarely that simple, especially when it comes to a small. Meredith Wood writes for NerdWallet.

136
136
article thumbnail

Join me for these money events

Dear Debt

Hey debt fighters! I wanted to let you know about some upcoming FREE and low-cost events that I thought you might be into. And before we get started, I want… Related Posts: Come to My Money Party Tonight. Free Debt Workshop Tomorrow. Resources for Taking Care of Your Mental Health and Wealth. My New Podcast the Mental Health and Wealth Show Is Here.

98
article thumbnail

How Collection Agencies Minimize Effort and Maximize Results with the Right Software

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.

article thumbnail

Subcontractors: What to Do If You Are Not Getting Paid on a Construction Project

Jimerson Firm

As a subcontractor, payment for your work is critical. If a subcontractor is not getting paid on a construction project, there are some important things to consider, including whether the general contractor has grounds to withhold payment, whether the subcontractor can stop the work, and how a subcontractor can best ensure payment from the general contractor.

article thumbnail

CFPB Publishes County-by-County Breakdown of Consumer Complaints

Account Recovery

There appears to be a racial component to consumer complaints filed with the Consumer Financial Protection Bureau, according to data released yesterday by the regulator, including complaints related to debt collection. Overall, consumers living in counties with the highest percentage of minority populations submitted four times as many complaints as those living in counties with … The post CFPB Publishes County-by-County Breakdown of Consumer Complaints appeared first on AccountsRecovery.n

article thumbnail

How to Line Up Rent Aid — and a Backup Plan

Nerd Wallet

Congress has appropriated more than $46 billion in emergency assistance to help cover back rent and utilities owed by struggling renters. But getting a share of that money isn’t automatic or guaranteed. Not everyone who’s behind on their rent qualifies for help. In addition, some states and cities require more paperwork than others, which can. Liz Weston writes for NerdWallet.

135
135
article thumbnail

Strengthening Low-Income Communities Through Free Tax Prep

Prosperity Now

Millions of low-income Americans work hard for wages but face obstacles in filing their taxes.

98
article thumbnail

From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

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.

article thumbnail

Michigan Department of Treasury Confirms that PPP Loan Forgiveness will Conform to Federal Treatment

Fraser

On April 19, 2021, the Michigan Department of Treasury issued a notice (the “Notice”) announcing Michigan’s conformity to the federal income tax treatment of loans (“PPP Loans”) issued under the Paycheck Protection Program. The Notice also sets forth additional guidance for individual and corporate taxpayers regarding various income tax issues raised by the federal loan program.

Loans 86
article thumbnail

Daily Digest – April 28. Defendant in Hunstein Case Hires New Lawyer; Judge Reverses Course, Undoes Certification, MSJ for Plaintiff in FDCPA Case

Account Recovery

DEFENDANT IN HUNSTEIN CASE HIRES NEW LAWYER, WHO CONFIRMS EN BANC PETITION WILL BE FILED The defendant in the Hunstein case out of the Eleventh Circuit Court of Appeals has hired a new lawyer, who confirmed that the company will be filing a petition with the Court for an en banc rehearing of the case. … The post Daily Digest – April 28. Defendant in Hunstein Case Hires New Lawyer; Judge Reverses Course, Undoes Certification, MSJ for Plaintiff in FDCPA Case appeared first on AccountsR

Lawyers 246
article thumbnail

6 Reasons Not to Skip Renters Insurance

Nerd Wallet

Could you afford to replace your entire wardrobe if your apartment caught fire? What about your phone, your laptop and all your furniture? If the answer is no, you probably need renters insurance. “Renters insurance can’t stop awful things from occurring, but it can make life a little easier if and when they do occur,”. Sarah Schlichter writes for NerdWallet.

126
126
article thumbnail

Housing is Infrastructure; Opportunity Must Be its Foundation

Prosperity Now

Fifty-three years ago this month, President Lyndon B.

87
article thumbnail

How To Optimize Cash Flow: Your Roadmap To Resilience!

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?

article thumbnail

EBOs and the Patient Experience in Healthcare Billing

PDC Flow

The patient experience in healthcare billing is an essential (often overlooked) part of the healthcare revenue cycle. Every medical organization understands that patients need to feel involved in their care during medical services but don’t always extend that importance when it’s time for patients to pay. As an extended business office (EBO) for a healthcare organization, what does the patient experience mean and how does your medical billing strategy play a part?

article thumbnail

ACLU Lawsuit Seeks to Stop County From Placing Unpaid Court Debts With Collection Agency

Account Recovery

The American Civil Liberties Union of Washington has filed a class-action lawsuit against Pierce County, Washington, accusing it of violating the constitutional rights of individuals by using private collection agencies to recover unpaid court debts. The suit, filed in Washington state court, was filed on behalf of a 56-year-old man who was in jail when … The post ACLU Lawsuit Seeks to Stop County From Placing Unpaid Court Debts With Collection Agency appeared first on AccountsRecovery.net

article thumbnail

Average Monthly Expenses: From Single Person to Family of 5

Nerd Wallet

Without a budget — or come to think of it, even with one — you may wonder how your average monthly expenses compare with “what’s normal.” The average monthly expenses reported here are from the 2019 Consumer Expenditure Survey conducted by the U.S. Bureau of Labor Statistics and released in September 2020 — the latest. Hal M. Bundrick, CFP writes for NerdWallet.

113
113
article thumbnail

CFPB Consumer Complaint Bulletin Examines County-Level Demographic Data

Consumer Finance

Today the Consumer Financial Protection Bureau (CFPB) formally delayed the mandatory compliance date of the General Qualified Mortgage (QM) final rule from July 1, 2021 to October 1, 2022.

85
article thumbnail

When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

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.