JMA
FEBRUARY 3, 2021
Whether your business is small or large, there is a likelihood that you have customers who you provide goods or services to, with payment collected at a later date, essentially you provide your goods or services on credit. As we all know, to run a business effectively, we need to have a good positive cash. Read more » The post 9 Ways You Can Avoid Client Debts appeared first on JMA Credit Control.
UK debt collections
FEBRUARY 4, 2021
According to latest figures, Corporate and Business Insolvencies fell by 27.1% for 2020 in England and Wales. Unfortunately the statistics do not tell the whole story as many businesses in the UK are in distressed situations. There is a huge pile up of unpaid invoices in the UK with Small Businesses and organisations afraid to act. Many companies are simply waiting for ‘normal’ to return but nobody can actually forecast when that will be.
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Account Recovery
FEBRUARY 4, 2021
There is a perception in the industry that compliance and empathy sit on opposite ends of a seesaw, and the ultimate goal for any collection operation is to find the balance between the two. But that is not necessarily the case. As Mary Shores and Judd Peak discuss in the latest episode of “Training Bytes,” … The post Video: How Empathy Boosts Collection Rates While Lowering Compliance Issues appeared first on AccountsRecovery.net.
Enterprise Recovery
FEBRUARY 5, 2021
Defining 'startup' isn't as simple as it would seem. To some, your business is no longer a startup when you begin turning a profit. To others, 'startup' is a state of mind, like always chasing or hustling to push out new ideas. If your company has been calling itself a 'startup', what have you determined pushes you past that startup idea? When is a startup considered a real business?
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.
Nerd Wallet
FEBRUARY 5, 2021
As millions of Americans embark on the annual ritual of tax preparation this year, many will buy tax software or hire human tax preparers — and it probably won’t be cheap. Tax software can easily run $100 or more for many people, and human tax pros charge $203 on average to do a tax return, Tina Orem writes for NerdWallet. Email: torem@nerdwallet.com.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
FEBRUARY 4, 2021
A District Court judge in Arkansas has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act case after it was accused of engaging in harassing behavior by sending the same verification letter twice in a month in response to two dispute notices sent by the plaintiff and for not including … The post Judge Grants MSJ in FDCPA Case Over Disputed Debt appeared first on AccountsRecovery.net.
Debtor Daddy
FEBRUARY 3, 2021
We’re excited to announce our new partnership with invoice financing service FundTap. FundTap turns outstanding invoices into immediate cash so businesses can grow stress-free without being restricted by a shortage of cash.* Cash flow issues from long payment terms can cause serious headaches and hinder business growth. Partnering with FundTap will allow Debtor Daddy customers access to fast, simple and transparent business funding that will keep them moving forward.
Nerd Wallet
FEBRUARY 1, 2021
Black-owned banks tend to serve African Americans more than other banks do. Their mission includes closing the wealth gap in America. » Skip ahead to the list of Black-owned U.S. banks and credit unions The typical white family has eight times the wealth of the typical Black family, according to a 2019 Federal Reserve survey. Spencer Tierney writes for NerdWallet.
Jimerson Firm
FEBRUARY 4, 2021
On Wednesday, March 3, 2021 from 12:00 PM-1:00 PM, three of our partners will present 15 Critical Construction Contract Provisions: How to Use Them to Protect the Project and Your Bottom Line. This webinar is geared towards General Contractors, and it will cover fifteen critical contract provisions, what they mean for your business, and how they can affect your project.
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.
Account Recovery
FEBRUARY 3, 2021
AGs SEEK TO STOP SETTLEMENT IN FDCPA PROCESSING FEE CASE A group of 33 state attorneys general are attempting to intervene and stop a settlement in a class-action Fair Debt Collection Practices Act case in which a mortgage servicer was accused of charging processing fees when taking payments over the phone or via its website. … The post Daily Digest – February 3.
Sawin & Shea
FEBRUARY 2, 2021
Have you wondered what will happen to your credit report during and after your bankruptcy? When you’re working with a bankruptcy attorney at Sawin & Shea, one of the services we offer is reviewing your credit report. Here’s why we do so and why it will be a huge help to you. And good news – it comes at no charge and is just part of the services we offer.
Nerd Wallet
FEBRUARY 3, 2021
Moms and dads who want to teach their kids about money have some trendy tools at their disposal: kid-focused mobile banking apps, many of which come with personalized debit cards. They teach kids how to save and spend (with mom or dad safely supervising account use) and make it easy to give an allowance. But. Margarette Burnette writes for NerdWallet.
Jimerson Firm
FEBRUARY 1, 2021
On Tuesday, March 23, 2021 from 10:00 AM-11:00 AM, four of our partners will present Properly Handling Mortgage Foreclosures: Learn Solutions for Streamlining the Process, Overcoming Obstacles & Maximizing Recovery. How to handle mortgage foreclosures properly the first time around requires attention to the details and specific knowledge. This webinar will highlight common problems encountered during foreclosures while offering effective solutions to each issue.
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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.
Account Recovery
FEBRUARY 3, 2021
A credit reporting agency has filed its brief with the Supreme Court as it seeks to have a class of plaintiffs decertified in a Fair Credit Reporting Act case that will answer the question of whether every member of a class must have Article III standing in order to recover damages, which could significantly impact … The post TransUnion Makes Case to Decertify Class in $40M FCRA Case appeared first on AccountsRecovery.net.
Prosperity Now
FEBRUARY 2, 2021
It is an exciting time for those of us who care about building financial security for low-income communities and narrowing
Nerd Wallet
FEBRUARY 1, 2021
If you have high-interest consumer debt, getting control of your money in the new year might sound overwhelming. Most Americans say the COVID-19 outbreak has caused financial stress, according to a survey released in October by the National Endowment for Financial Education, with 30% listing debt as their top stressor. Despite the pandemic, you can.
Jimerson Firm
FEBRUARY 3, 2021
In Florida, lenders may find themselves foreclosing on real property with a mobile home attached to the land. Initially, a mobile home is considered personal property (like a vehicle) and is titled by the Department of Motor Vehicles. However, a mobile home may be “retired” to the real property and become part of the real property. If the mobile home has been retired and is part of the real property, it will be included in the foreclosure.
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
FEBRUARY 1, 2021
The Consumer Financial Protection Bureau on Friday updated its list of consumer reporting companies that provide information about credit reports, employee background checks, tenant screening, gaming, and more. The update is an annual refresh that is performed by the CFPB to provide consumers with a comprehensive, but not exhaustive, list of companies that may be … The post CFPB Updates List of Consumer Reporting Companies appeared first on AccountsRecovery.net.
True Accord
FEBRUARY 1, 2021
Watch the full recording here , or read on to learn more about this webinar. Poor customer experience. Compliance challenges. Reputational risk. These are some of the factors that have prevented lending organizations – from areas as diverse as Fintech, utilities, service organizations, property management, telecommunications, and more – from investing in debt collections.
Nerd Wallet
FEBRUARY 5, 2021
This article provides information and education for investors. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. On Jan. 28, 2021, the U.S. cryptocurrency exchange Coinbase announced its plans to go public via a direct listing, a strategy that Slack and.
Jimerson Firm
FEBRUARY 5, 2021
When a SBA loan is in liquidation status, lenders and authorized CDC liquidators are required to perform “Prudent Liquidation.” This means that lenders and authorized CDC liquidators must liquidate and conduct debt collection litigation in a “prompt, cost-effective and commercially reasonable manner, consistent with prudent lending standards, and in accordance with loan program requirements.” 13 C.F.R. § 120.535(b).
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?
Account Recovery
FEBRUARY 5, 2021
Individuals who incur medical debt tend to have it happen in what researchers are calling “dramatic financial shocks” because healthcare expenses are calculated on an annual basis and do not take into consideration that out-of-pocket spending happens in short bursts throughout the year and are not generally spread out. In fact, nearly 40% on individuals … The post How Patients Incur Out-of-Pocket Expenses appeared first on AccountsRecovery.net.
Albuquerque Law
FEBRUARY 3, 2021
In today’s world, it is not difficult for debt to spiral and become a major dilemma. Perhaps you can make the minimum payments on your credit card and other pressing loans, but debt can still pile up quickly and become unmanageable. Many people in this situation worry about whether they can still file bankruptcy. It is true that paying off debt before bankruptcy can cause problems.
Nerd Wallet
FEBRUARY 1, 2021
Whether you’re having trouble finding an affordable single-family home or you’re simply fed up with renting, a condominium can be a way to wade into homeownership rather than diving into the deep end. Condos tend to come with lower price tags than single-family homes. They offer significantly greater independence than renting, but you aren’t on. Kate Wood writes for NerdWallet.
Jimerson Firm
FEBRUARY 2, 2021
If a borrower defaults on a SBA loan, the lender or CDC must assess the environmental risk of contamination before conducting any liquidation action that could result in a loss, or otherwise increase the risk of loss, due to the actual or alleged presence of contamination. Lenders and CDCs assess the environmental risk of contamination by conducting an Environmental Investigation, which may include an Environmental Questionnaire, Records Search with Risk Assessment, Transaction Screen Analysis,
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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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