American Profit Recovery

SEPTEMBER 30, 2020

We are going to make a bold assumption. That you have customers that have not paid you yet. They are either late in paying you, or they have not paid you at all. Whether it was an oversight, a dispute in your product or service, or maybe that customer has just struggled financially and they have decided not to pay your business. There are so many reasons why a customer or client has not paid you yet and it’s a tough situation to be in when you’re trying to improve your cash flow.

Collection Agencies 238

Collection Agencies Collections Agency Collections Debt collector 238

FFGN COLLECT NY

SEPTEMBER 29, 2020

The joint and several clause appears in almost every legal loan document. Many people sign loan documents and guarantees after a quick glance because they want to make a deal. The issue with signing without reading the underlying documents is that if and when someone seeks to enforce the agreement as set forth in the document, you are charged with having read it and agreeing to the terms contained therein.

Collections 52

Collections Creditors Loans 52

Titan Consulting

SEPTEMBER 29, 2020

Key Takeaways. Credit card debt features low monthly payments, but double-digit interest which compounds daily, causing balances to grow fast and making it hard to eliminate the debt. Mortgage payments offer low-interest rates, but higher monthly payments on larger balances over a long period of time. Paying off credit cards will save you money on daily compounding interest payments.

Credit Card Debt 60

Credit Card Debt Debt Consolidation Foreclosure Bankruptcy 60

Account Recovery

OCTOBER 2, 2020

The Federal Communications Commission has issued a Notice of Proposed Rulemaking that seeks to possibly amend the exemptions that have been granted under the Telephone Consumer Protection Act allowing some entities to make calls using automated telephone dialing systems or artificial or pre-recorded voices, which could possibly include debt collection calls.

Collections 246

Collections 246

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.

Enterprise Recovery

OCTOBER 2, 2020

Does your business suffer from late paying customers? Are you a flying-by-the-seat-of-your-pants A/R department of one? Do your clients get away with paying your business late or not at all without any consequences? If you answered 'yes' to any of these questions, an accounts receivable collections policy can help you: Get paid on time. Organize your accounts receivable process so you can handle the job alone.

Collections 246

Collections 246

Nexa Collect

OCTOBER 2, 2020

For snow removal companies overdue accounts receivable is an ongoing issue. Their customers can be a small business, government, large corporates as well as private homeowners. Customer excuses may range from underbudgeting the cost snow removal work, to temporary economic problems. Not getting paid on time can quickly restrict your cash flow, that’s why hiring a collection agency when an account is 60 days past due is absolutely the right choice.

Collection Agencies 130

Collection Agencies Collections Agency Collections Debtor 130

Account Recovery

OCTOBER 2, 2020

After a Magistrate Court judge recommended that the defendants in a Fair Debt Collection Practices Act case file a motion for sanctions, a District Court judge in New York has denied the motion, ruling that the “reckless and overzealous advocacy” of the plaintiffs does not rise to the threshold of constituting “bad faith.” A copy … The post Judge Overrules Sanctions Recommendation in FDCPA Case appeared first on AccountsRecovery.net.

Fair Debt Collection 246

Fair Debt Collection Collections 246

Credit Corp

SEPTEMBER 28, 2020

If you’re serious about your credit score, you need to pay your bills on time. One late payment can have a devastating effect on your credit score. Here’s what you need to know about late payments and your credit score, and what you can do to protect yourself. How Late Payments Affect Credit Scores. Your payment history is the biggest factor in determining your credit score, so it’s imperative that you pay your bills on time whenever possible.

Lender 111

Lender Creditors 111

Nerd Wallet

SEPTEMBER 30, 2020

Erin Nelsen’s house could use more walls. The certified financial planner works outside the home from an office in Cypress, California. But her husband, Shawn, works from a makeshift home office in their kitchen. From there, he hears his kids attending online school through an opening to the adjacent dining room. To accommodate his new. Annie Millerbernd is a writer at NerdWallet.

Personal loans 110

Personal loans Loans 110

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

Nexa Collect

SEPTEMBER 28, 2020

Theodore Roosevelt once said: “In any moment of decision, the best thing you can do is the right thing, the next best thing is the wrong thing, and the worst thing you can do is nothing”. Making decisions is essential in everyday life and the business world, and we can learn from those who have done it better. Good strategic thinkers tend to be not only good analysts but to be able to maintain a critical and fair attitude about their goals and the elements or factors needed to achieve them.

Acquisition 130

Acquisition Banks Loans 130

Account Recovery

OCTOBER 1, 2020

GETTING TO KNOW KATIE ZUGSAY OF FINEXUS INSURANCE AGENCY Kudos to Katie Zugsay not just for having the ambition and fortitude to strike out on her own, but to do so during a global pandemic. Zugsay recently launched Finexus Insurance Agency, merging her experience in insurance and collections to now help agencies across the country. … The post Daily Digest – October 1.

Collections 246

Collections 246

Credit Corp

SEPTEMBER 30, 2020

Are you ready to buy a home? You’re not alone—in 2019, more than five million people bought an existing home. And that doesn’t even include the number of people who purchased new construction. The point is, the housing market is always bustling and busy. And if it’s your first time buying a home, it might seem a bit daunting. You might have a couple of questions—how much money do you need to buy a home?

Lender 105

Lender Loans Government Construction 105

Nerd Wallet

SEPTEMBER 28, 2020

Wyndham Hotels & Resorts launched a new set of credit cards that could appeal to road trippers, largely thanks to one standout spending category: Gas. Wyndham’s two new credit cards for consumers, issued by Barclays include: Wyndham Rewards® Earner? Credit Card ($0 annual fee). Wyndham Rewards Earner Plus Credit Card ($75 annual fee). Both cards.

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105

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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.

Collection Agencies

Debt Recoveries

SEPTEMBER 30, 2020

Hey, Adam Stewart here. I know debt collection can be an uncomfortable process, even for large businesses. These tips are designed to help you understand the options you have for debt collection, before you go down the legal path. It all starts with your account handling processes. Whether you are following up accounts, accurate and detailed records will help you quickly identify and deal with delinquent accounts.

Debt settlement 98

Debt settlement Debt Recovery Debtor Lawyers 98

Account Recovery

OCTOBER 1, 2020

A new rule in New York City requiring collection agencies let individuals know if they offer translation or services in languages other than English that went into effect in June will start being enforced today by the city’s Department of Consumer and Worker Protection. Collection agencies that collect from individuals living in New York City … The post NYC DCWP Releases Debt Glossary As Enforcement of New Rule Starts Today appeared first on AccountsRecovery.net.

Collection Agencies 246

Collection Agencies Collections Agency Collections 246

Jimerson Firm

SEPTEMBER 28, 2020

A residential mortgage foreclosure action is initiated in Florida by filing a verified complaint with the appropriate court. All named defendants will need to be notified of the lawsuit by being served process with a copy of the complaint and a summons. The defendants may be served by personal service or substituted service. If a defendant cannot be located, then service may be effected by constructive service, i.e., service by publication, which is governed by Chapter 49, Florida Statutes.

Foreclosure 98

Foreclosure Construction Judgment Lender 98

Nerd Wallet

SEPTEMBER 28, 2020

The hardest part about building a credit history is getting access to credit in the first place. If becoming an authorized user on someone else’s credit card is not an option for you or you cannot afford the deposit on a secured card, Kikoff offers a cheap and simple way to build credit. The San. Amrita Jayakumar is a writer at NerdWallet. Email: ajayakumar@nerdwallet.com.

Loans 105

Loans 105

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.

Troutman Sanders

SEPTEMBER 29, 2020

Multiple consumer advocacy groups are demanding the Consumer Financial Protection Bureau (“CFPB”) rescind its April 1, 2020, credit reporting guidance regarding the investigation of error disputes vowed at the beginning of the coronavirus pandemic. In April, the CFPB said it would not hold companies to strict deadlines for investigating disputes that consumers have about information on their credit reports.

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98

Account Recovery

SEPTEMBER 30, 2020

The Attorney General of Indiana yesterday announced he had filed a lawsuit against a collection agency, accusing it of engaging in deceptive and abusive collection practices and operating without a proper license. The lawsuit, filed against New Britain Financial and its founder, Nelson Macwan, was announced as part of Operation Corrupt Collector, a joint state … The post Indiana AG Files Suit Against Scammer appeared first on AccountsRecovery.net.

Collection Agencies 246

Collection Agencies Collections Agency Collections 246

Jimerson Firm

OCTOBER 1, 2020

On September 18, 2020, Florida Governor Ron DeSantis signed House Bill 101, an act relating to public construction , into law. This new law amends Section 218.735, Florida Statutes (the “Local Government Prompt Payment Act”) and Section 255.078, Florida Statutes (the “Florida Prompt Payment Act”), by reducing the maximum retainage rate on a government construction projects in Florida from 10% for the first half of a project, and 5% for the remainder, to a flat 5% throughout the life of the proje

Construction 98

Construction Government Law Firms Trade 98

Nerd Wallet

SEPTEMBER 28, 2020

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion of NerdWallet’s new credit and debt survey, which shows people have complicated feelings about their plastic. Then we pivot to this week’s question from Amy in Pennsylvania. She writes, “I’m seeing a lot of offers for.

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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?

Financial services

PDC Flow

SEPTEMBER 29, 2020

In accounts receivable, it's important to stay informed about upcoming legislation and other changes that will impact business (especially during major disruption, like the events happening this year). Lauren Valenzuela has been watching the trends and staying up-to-date with the latest in AR compliance as part of her job as Corporate Counsel, Performant Financial Corp.

Collections 97

Collections Debt collector Trade Fair Debt Collection 97

Account Recovery

SEPTEMBER 30, 2020

FTC ANNOUNCES NEW CRACKDOWN ON ABUSIVE COLLECTION PRACTICES The Federal Trade Commission yesterday announced the launch of Operation Corrupt Collector, a “crackdown” on collection operations that engage in abusive or harassing practices while also attempting to collect on debts that do not exist. STATE AGS FILE SUITS AGAINST ALLEGED SCAMMERS The Attorney General of Indiana … The post Daily Digest – September 30.

Collections 246

Collections Trade 246

Fico Collections

SEPTEMBER 29, 2020

I was privileged to join Bruce Curry on a series of two digital roundtables recently, where 13 experienced minds of the industry got together to discuss the current and future situation around collections and recoveries during the current debt tsunami. The attendees had a combined experience of over 300 years across analytics, credit risk and operations across Europe, UK, the Middle East and Southern Africa.

Collections 87

Collections Banks Education Financial services 87

Nerd Wallet

SEPTEMBER 28, 2020

Have you tried working from home but not had great success? Interruptions from family, friends and even pets can squash productivity and creativity. If you work remotely, hotels in your area may have the perfect solution — as well as plenty of loyalty points — waiting for you. Whether you want to spend the day. Ramsey Qubein is a writer at NerdWallet.

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