American Profit Recovery
MAY 25, 2022
There are so many important aspects when it comes to building a thriving organization. There are the obvious parts of a business such as creating a great product or service, pricing and marketing those appropriately, finding your target market and so much more. But building a sustainable company also involves having the right team that can move things forward on a consistent basis.
JMA
MAY 22, 2022
If you find yourself reading this, chances are that you’re after some help to collect outstanding debts that your business is owed. Whether these unpaid debts are from delinquent individuals or other businesses, finding the time to effectively recover this money is exactly what you do not need right now. The best way to easily. Read more » The post How Much Does Debt Collection Actually Cost?
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True Accord
MAY 24, 2022
Your Guide to Key Terms for Today’s Debt Recovery Strategy. Reaching consumers today requires a more sophisticated process than simply dialing the phone or sending a generic email, especially when it comes to debt recovery and collection. But reviewing potential strategies can often leave you lost in a sea full of acronyms and buzzwords. Between terms like AI, machine learning, and data science, it can be difficult to keep up with the different definitions—and understand how they impact your bus
Account Recovery
MAY 26, 2022
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 Kyle Nelson of I
Speaker: Anna Tiomina, MBA
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?
Enterprise Recovery
MAY 27, 2022
When tragedy happens in America, regular life grinds to a halt. For business marketers and executives, their daily tasks come with heavy consequences. Both internal employees and the public often jump to conclusions based on your business' reaction or lack of reaction. With the recent gun violence in recent weeks, many organizations are left wondering what to say or do.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Nexa Collect
MAY 23, 2022
A debt collection agency will almost always allow you to make payments in installments. Should a borrower/debtor go for it or not? Benefits of Paying in Full (in one lump sum payment). You will likely strike a deal to settle the debt for a lower amount (keep insisting). Installments result in more work for collection agencies. They would rather accept a lower amount ( like a 10% or a 20% lower settlement) than linger a debt for months.
Account Recovery
MAY 25, 2022
APPEALS COURT OVERTURNS RULING OVER ‘THIS IS AN ATTEMPT TO COLLECT’ DISCLOSURE IN STATEMENT This is one of those cases where I am going to remind everyone that I am not a lawyer and I could be completely off-base, but as I read this ruling, I thought it offered an interesting lesson that putting the … The post Daily Digest – May 25.
Consumer Finance
MAY 22, 2022
The Consumer Financial Protection Bureau (CFPB), in partnership with the New York Attorney General, filed a proposed stipulated judgment in federal court to settle its case against a debt collection enterprise and its owners and managers. The judgment would order all participants in the scheme, based in upstate New York, to exit the debt collection market after their history of deception and harassment.
In the Red
MAY 25, 2022
ABI Panel. Last month I had the honor of speaking on a panel at the American Bankruptcy Institute’s 2022 Annual Spring Meeting in Washington, D.C. The topic of our panel was the Monetization of Intellectual Property in Bankruptcy and Restructuring. I was joined by four distinguished panelists, Leslie Zmugg, General Counsel of Gordon Brothers (who was our moderator); Arthur Daemmrich, the Jerome and Dorothy Lemelson Director at the Lemelson Center for the Study of Invention and Innovation a
Speaker: Melissa Hurrington
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.
PBWT
MAY 22, 2022
In the world of cryptocurrency, exchange platforms act as intermediaries allowing investors to buy and sell assets while making money through commissions and transaction fees. Any assets purchased may be held in either non-custodial or custodial wallets. If a customer chooses a custodial wallet, the platform holds and manages the assets through a private key, which is a string of characters that serves as a password.
Account Recovery
MAY 25, 2022
A complaint has been filed in federal court in California accusing a number of healthcare providers and a collection agency of violating state law as well as the Fair Debt Collection Practices Act by attempting to collect on a debt that was incurred as a result of injuries suffered while the plaintiff was working and … The post Complaint Accuses Creditors, Agency of Attempting to Collect Debts Covered by Worker’s Compensation appeared first on AccountsRecovery.net.
Consumer Finance
MAY 25, 2022
Today, the Consumer Financial Protection Bureau (CFPB) confirmed that federal anti-discrimination law requires companies to explain to applicants the specific reasons for denying an application for credit or taking other adverse actions, even if the creditor is relying on credit models using complex algorithms.
In the Red
MAY 25, 2022
ABI Panel. Last month I had the honor of speaking on a panel at the American Bankruptcy Institute’s 2022 Annual Spring Meeting in Washington, D.C. The topic of our panel was the Monetization of Intellectual Property in Bankruptcy and Restructuring. I was joined by four distinguished panelists, Leslie Zmugg, General Counsel of Gordon Brothers (who was our moderator); Arthur Daemmrich, the Jerome and Dorothy Lemelson Director at the Lemelson Center for the Study of Invention and Innovation at the
Speaker: Susan Richards
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.
Nerd Wallet
MAY 23, 2022
Small-business loan terms determine how long a small-business owner has to pay back their borrowed money, plus interest. Typical loan terms, also referred to as repayment terms, can vary from a few months to 25 years — it depends on your lender and the type of business loan. You and your lender will establish a. Hillary Crawford writes for NerdWallet.
Account Recovery
MAY 24, 2022
NORFOLK, Va., May 20, 2022 /PRNewswire/ — Kevin Stevenson, president and CEO of PRA Group, Inc., a global leader in acquiring and collecting nonperforming loans, was recognized for his proven track record of outstanding leadership, exemplary service and advocacy for positive change during the Community Builders Award ceremony yesterday evening.
Prosperity Now
MAY 23, 2022
The first week of May marked National Small Business Week , a time to recognize the importance of entrepreneurship to
UK debt collections
MAY 23, 2022
A Council in Wales has been hit with a high court writ to recover unpaid care home fees it owes. Gwynedd Council is reported to owe a large sum to a private care home service provider. Meddyg Care Dementia Homes is taking Debt Collection action against the council after it ignored a judgement made by Northampton Small Claims Court. The council failed to act on a County County Court Judgment issued in April ordering it to repay £44,529.46.
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.
Nerd Wallet
MAY 25, 2022
The Federal Reserve has raised its rate twice in 2022 and has said additional bumps are likely. These changes are designed to wrestle inflation down to manageable levels, but they have ripple effects in other areas of the economy — with mortgage rates and credit card interest rates heading up and the stock market moving. Kurt Woock writes for NerdWallet.
Account Recovery
MAY 23, 2022
The Court of Appeals for the Seventh Circuit has overturned a lower court’s dismissal of a Fair Debt Collection Practices Act case for lack of standing, ruling that the plaintiff had standing because he alleged a concrete injury — that interest was continuing to accrue on an unpaid judgment — by not acting on a … The post Appeals Court Overturns Dismissal of FDCPA Suit Based on Description of Debt in Letter appeared first on AccountsRecovery.net.
Consumer Finance
MAY 23, 2022
The Consumer Financial Protection Bureau (CFPB) is opening a new office, the Office of Competition and Innovation, as part of a new approach to help spur innovation in financial services by promoting competition and identifying stumbling blocks for new market entrants. The office will replace the Office of Innovation that focused on an application-based process to confer special regulatory treatment on individual companies.
UK debt collections
MAY 26, 2022
A council is being forced to sell buildings to pay debts it has emerged. Slough Borough Council faces having to sell off most of its assets to pay off debts , government commissioners have warned. Following continual non payment, Slough Borough Council was forced to declare bankruptcy last year, having accrued £760m in unpaid debt. A report by the commissioners said it would have to sell most of its assets “without exception” Council leader James Swindlehurst said he was “dete
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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.
Nerd Wallet
MAY 23, 2022
Between rising gas and car-repair prices, it’s an expensive time to be a driver. And car insurance is no exception. But while you can’t control problems like labor shortages and supply chain issues, there are steps you can take to lower your insurance bill. Here’s what to do if your auto insurance costs have become. Ben Moore writes for NerdWallet. Email: bmoore@nerdwallet.com.
Account Recovery
MAY 25, 2022
This is one of those cases where I am going to remind everyone that I am not a lawyer and I could be completely off-base, but as I read this ruling, I thought it offered an interesting lesson that putting the mini-Miranda on every communication might not be the best idea. The Court of Appeals … The post Appeals Court Overturns Ruling Over ‘This is an Attempt to Collect’ Disclosure in Statement appeared first on AccountsRecovery.net.
Better Credit Blog
MAY 27, 2022
Home equity loans allow you to borrow funds against the existing equity on your property. The equity balance is the difference between the market value of your home and the amount owed on your mortgage. Homeowners use these loans to fund home renovations, student loans, and high-value purchases or consolidate high-interest debt. When you take out this type of loan, you receive a lump sum that you pay back, typically at a fixed interest rate, over a period of 5 to 30 years.
UK debt collections
MAY 25, 2022
Businesses going bust and company insolvencies are at more than double their 2021 levels for the second consecutive month warns a leading Trade body. Alarming figures for April published by the Insolvency Service for England and Wales show a 115 per cent rise on April 2021. The figure for March was a staggering 111 per cent up when compared with March 2021.
Speaker: Debra L. Robinson
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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