Credit Corp
MARCH 9, 2021
The following is a guest post by Kalicia Bateman, a finance editor for Best Company. When you’ve missed a mortgage payment your mind may immediately spiral to foreclosure. Foreclosure. It’s a big, scary word. But, it should bring you some peace of mind to know that foreclosure is not the immediate consequence for missing a loan payment. Foreclosure doesn’t really come up until you’ve missed two or three payments.
Jimerson Firm
MARCH 11, 2021
A business owner may enter into a commercial lease for purposes of renting space to operate its business activities. Unlike residential leases, a commercial lease should not be a one-size-fits-all lease. Under Florida law, non-residential tenancies (commercial tenancies) are governed by Sections 83.001-82.251 of the Florida Statutes. Business owners, or tenants, may be able to negotiate many of the provisions of their commercial lease with the landlord, and make it more customizable to fit their
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American Profit Recovery
MARCH 10, 2021
If you are running any type of healthcare facility or medical practice, we know how hard you have worked to cultivate new patients. It can take years to build a thriving practice and along with the best medical care, the way you do that is to provide a warm and welcoming environment at every phase of the patient experience. The patient experienced starts from that first phone call for care all the way through how that person is treated in the office, by all levels of staff, and after the visit.
Account Recovery
MARCH 10, 2021
NEW SERIES TACKLES REAL-WORLD CREDIT REPORTING SCENARIOS Of all the different parts that make up collecting debt and running a successful collection operation, perhaps the most risky and complicated component is credit reporting. Collection agencies that opt to furnish information to credit reporting agencies face significantly more risks than those that do not furnish information, … The post Daily Digest – March 10.
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
MARCH 12, 2021
In every business, employees are the most powerful and often, most expensive, resources. Human resources managers are tasked with hiring the best people in the most efficient manner, onboarding them quickly and supporting the overall employment experience within the company. It's quite the challenge to manage all of the paperwork, changing job specifics and the actual human resources.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Nerd Wallet
MARCH 9, 2021
See a summary of our picks for best online banks Best Online Banks of 2021 Synchrony Bank Varo Chime Alliant Credit Union Marcus by Goldman Sachs Ally Bank Discover Bank Nationwide TAB Bank GoBank UFB Direct Radius Online banks and banking service providers offer desktop and mobile banking services without physical branches. Because online institutions.
Account Recovery
MARCH 10, 2021
Of all the different parts that make up collecting debt and running a successful collection operation, perhaps the most risky and complicated component is credit reporting. Collection agencies that opt to furnish information to credit reporting agencies face significantly more risks than those that do not furnish information, but the payoff is the expectation that … The post New Series Tackles Real-World Credit Reporting Scenarios appeared first on AccountsRecovery.net.
Credit Corp
MARCH 10, 2021
This post originally appeared on Your Money Geek. Stock trading has become synonymous with building wealth today. Several decades ago, stock trading was something done only by the rich on Wall Street. However, today, with fast computers and online brokers, online trading has the lowest barriers to entry in its history. With the advent of online trading, anyone can register for an account with an online brokerage and buy and sell stocks within minutes.
Consumer Finance
MARCH 10, 2021
On March 11, 2021, the Consumer Financial Protection Bureau announced it is rescinding its January 24, 2020 policy statement, “Statement of Policy Regarding Prohibition on Abusive Acts or Practices.”.
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
MARCH 10, 2021
White sandy beaches provide a restful reprieve from daily stresses. Secluded shores and remote islands encourage natural social distancing. And, if you’re coming from the U.S., you’ll get to explore a new region without too much jet lag. For these reasons, plus a high level of affordability, the Caribbean makes a solid choice for a. Sally French writes for NerdWallet.
Account Recovery
MARCH 9, 2021
The Eighth Circuit Court of Appeals has upheld the dismissal of a pair of lawsuits filed against a collection law firm that accused it of violating the Fair Debt Collection Practices Act because it included “disbursements” in a statement of claim document when collection lawsuits were filed against the plaintiffs, and because the debt buyer … The post Appeals Court Affirms Dismissal of FDCPA Over Issue with Collection Lawsuit, Lack of Title Chain appeared first on AccountsRecov
Jimerson Firm
MARCH 12, 2021
In Florida, foreclosure actions must be brought in the county where the land is located. This is typically referred to as the “local action rule.” However, lenders often wonder where they should file the foreclosure action if the loan is secured by mortgaged land situated in different counties. Luckily, the Florida legislature answered this question by creating Section 702.04 of the Florida Statutes , which created an exception to the local action rule for mortgaged land in different counties.
Roths Child Law
MARCH 12, 2021
If you’re going to go through bankruptcy or to look for other methods of having debt cancelled, it’s important to know how your taxes are affected by that decision. When a lender cancels any part of your debt, that debt becomes income in most cases. What that means is that you are expected to pay tax on that income, just like you would on income from a job.
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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
MARCH 10, 2021
The Tomo Card, created by San Francisco-based startup TomoCredit, is a credit card for those with no credit or poor credit (FICO scores of 629 or below) who want to establish a credit history without carrying a monthly balance. Unlike a lot of cards that target a similar audience, there’s no annual fee, security deposit. Melissa Lambarena writes for NerdWallet.
Account Recovery
MARCH 9, 2021
A bill has been introduced in the House of Representatives that is seeking to amend the Fair Credit Reporting Act to exclude evictions that have occurred during the COVID-19 pandemic from consumers’ credit reports. H.R. 1594 was introduced last week by Rep. Greg Stanton [D-Ariz.]. It has picked up 14 co-sponsors since it was introduced, … The post Bill Seeks to Exclude Evictions From FCRA appeared first on AccountsRecovery.net.
Jimerson Firm
MARCH 10, 2021
Oftentimes, individuals or businesses borrow money from a bank or lender, and unfortunately, are unable to pay the loan payments. In this event, the borrower may try to shift the blame of their inability to pay on the bank or lender, by filing a claim for negligent loan processing or underwriting, and/or breach of fiduciary duty. Based on this, it is important for banks and lenders to know if they can be liable for processing or underwriting a loan, which the borrower ends up not being able to a
Credit Corp
MARCH 9, 2021
Going through student loan repayments can be a hassle. However, due to the COVID-19 pandemic, student loan payments and collection attempts have been paused until September 30, 2021. This means you have more time to find ways to repay your student loans before you have a defaulted loan. And it’s very important to do it quickly. Otherwise, your tax refund could be taken from you.
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.
Nerd Wallet
MARCH 9, 2021
Insurance is notoriously complicated, and few people have the time or desire to pore over their policies. But some basic knowledge can go a long way — and that’s where an insurance agent can help, by clearing up some of the most common misconceptions they encounter. Here are five things agents say are helpful for. Sarah Schlichter writes for NerdWallet.
Account Recovery
MARCH 9, 2021
Section 1006.22 of Regulation F — the Consumer Financial Protection Bureau’s debt collection rule — is the section that suffers from a bit of a technology identity crisis, but still includes some new wrinkles in laying out the kinds of behavior that are prohibited when attempting to collect on unpaid debts. In the newest episode … The post Bedard Breaks Down How Reg F Addresses Unfair and Unconscionable Collections appeared first on AccountsRecovery.net.
Sawin & Shea
MARCH 9, 2021
When the first stimulus checks were distributed in the U.S. in 2020 due to the COVID-19 crisis, it came as a huge relief for millions of people. But for those contemplating bankruptcy, it brought a new worry. “Will bankruptcy take away my stimulus check?”. This has become a common question for bankruptcy attorneys across the nation. So let’s clear up your concerns about bankruptcy and your stimulus money.
Fico Collections
MARCH 8, 2021
Improved Driving Using Smartphone Telematics and Scoring Analytics . Every year there are approximately 1.35 million fatalities in traffic collisions worldwide. eDriving SM , a leading global provider of digital driver risk management programs, has partnered with FICO to create scoring algorithms to capture driving behavior and develop a transformational predictor of a drivers’ risk level designed to help them reduce their risk of future collisions.
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?
Nerd Wallet
MARCH 8, 2021
Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion of the economy’s K-shaped recovery and how that may affect how you deal with pandemic-related debt. Then we pivot to this week’s question from Emerson, who writes, “I’m planning a big move across the country. Liz Weston writes for NerdWallet.
Account Recovery
MARCH 9, 2021
BEDARD BREAKS DOWN HOW REG F ADDRESSES UNFAIR AND UNCONSCIONABLE COLLECTIONS Section 1006.22 of Regulation F — the Consumer Financial Protection Bureau’s debt collection rule — is the section that suffers from a bit of a technology identity crisis, but still includes some new wrinkles in laying out the kinds of behavior that are prohibited … The post Daily Digest – March 9.
Credit Corp
MARCH 8, 2021
This post originally appeared on The Financially Independent Millennial. Table of contents. Learn to Say “NO” to Unnecessary Expenses #14: Take Advantage of Available Loyalty Programs #13: Consider Renting over Buying #12: Start a Wish List #11: Track Your Expenses #10: Save Your Money in Different Accounts #9: Organize Your Bills #8: Stop Monthly Subscriptions #7: Avoid Carrying Too Much Cash and Credit #6: Create a Strict Grocery Budget #5: Avoid Going out to Expensive Restaurants
Prosperity Now
MARCH 9, 2021
Last December, San Francisco’s Kindergarten to College (K2C) program welcomed a new program manager, Mohan Kanungo.
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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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