Credit Management Company
MARCH 8, 2022
Are you worried that if you refer your customers to a debt collection agency you’ll lose control of your brand? If you’ve had negative experiences with debt collectors, you may think that asking someone else to handle your unpaid invoices is the wrong move. Yet with the right company, you can form a partnership that will help you resolve payment challenges professionally.
Collection Industry News
MARCH 7, 2022
Source- site. Throughout the COVID-19 pandemic, growing rent debt and the possibility of widespread evictions have been a major worry for many households and for the economy as a whole. Renters are more likely to work in the sorts of lower-wage occupations that have been most disrupted by the pandemic, like retail and hospitality, and less likely to have savings or other assets to help them weather hard times.
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Account Recovery
MARCH 11, 2022
About 9% of all adults in America — which represents about 23 million people — owe at least $250 in medical debt, according to the results of a report released yesterday by the Kaiser Family Foundation. In total, Americans owed $195 billion in unpaid medical debt as of 2019, according to the report, which looked … The post New Report Pegs Unpaid Medical Debts at $195B appeared first on AccountsRecovery.net.
Enterprise Recovery
MARCH 11, 2022
Have you ever deep cleaned your house and found coins in the couch cushions or bills in the laundry? The same can be done for your business! With a few extra tasks, you can increase working capital and breathe a little easier for the rest of the year. Use these spring cleaning tips to find cash for your 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
MARCH 7, 2022
Traditionally, the spring months herald the beginning of homebuying season. But major shifts in the housing market disrupted seasonal patterns in 2020 and 2021, and the changes may be long-lasting. Here’s what’s different, as well as approaches that buyers and sellers can take in what’s become a year-round homebuying season. Why spring was historically the.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
MARCH 10, 2022
Bloomington, MN – March 10, 2022 – DCM Services, LLC (DCMS) the industry leader in estate and specialty account recovery solutions, has recently moved into a new office headquarters at The BLOC, located at 1550 American Boulevard E, Suite 200 in Bloomington, MN. DCM Services has seen exciting growth in recent years and the new … The post DCM Services Moves into State-of-the-Art Office Headquarters appeared first on AccountsRecovery.net.
Sawin & Shea
MARCH 9, 2022
When facing bankruptcy, many wonder how much debt is needed to file bankruptcy. There is no minimum amount of debt you need in order to file for bankruptcy, but there are other critical factors you need to take into consideration before filing under Chapter 7 or Chapter 13. In this blog, we discuss details regarding bankruptcy you need to take into consideration before filing, including factors indicating whether or not you should file and whether you can discharge all of your debts.
Nerd Wallet
MARCH 10, 2022
Nearly 1 in 2 people who visit your website will look at only one page before leaving, according to the 2021 Digital Experience Benchmark report from Contentsquare, an analytics platform. Making the split-second decision to bounce from one website to another is easy — figuring out how to keep consumers’ attention isn’t so simple. To. Hillary Crawford writes for NerdWallet.
Roths Child Law
MARCH 11, 2022
A bankruptcy can be a good way to get your financial health back on track, but it also comes with some limitations. It may make it so it’s harder for you to get credit or loans in the future, at least for a few years. If you do need a personal loan after your Chapter 7 or Chapter 13 bankruptcy, it may be possible to get it. The length of time it will take for you to get a loan will depend on the kind of bankruptcy you chose as well as how long it has been since you went through it.
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
MARCH 10, 2022
A District Court judge in Kentucky has granted a defendant’s motion to dismiss and denied a plaintiff’s request for leave to file an amended complaint after filing a Fair Debt Collection Practices Act lawsuit against a collection law firm for allegedly overshadowing the validation notice by mentioning in a collection letter that a lawsuit might … The post Judge Grants MTD in FDCPA Overshadowing Case appeared first on AccountsRecovery.net.
Prosperity Now
MARCH 9, 2022
We are still experiencing the impact of COVID-19, but low-income families are bearing the brunt of the economic fallout.
Nerd Wallet
MARCH 8, 2022
A striking lack of affordability held steady for first-time home buyers in the final quarter of 2021. After a slight uptick in listings in the third quarter, the number of homes on the market fell further into a hole to close out the year. In last quarter’s first-time buyer analysis for Q3, we cautioned buyers against. Elizabeth Renter writes for NerdWallet.
Collection Industry News
MARCH 7, 2022
Source- site. In Eggleston v. Reward Zone USA LLC , No. 2:20-cv-01027-SVW-KS (C.D. Cal. Jan. 28, 2022), the U.S. District Court for the Central District of California rejected the argument that text messages are “artificial or prerecorded voice messages” under the Telephone Consumer Protection Act (the TCPA). The plaintiff, Lucine Trim, alleged that Reward Zone USA LLC (Reward Zone), sent spam advertisements and promotional offers to her cellphone via text message in violation of TCPA § 227(b).
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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
MARCH 10, 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 Katie Borchers o
UK debt collections
MARCH 7, 2022
Cash flow and late payments are named as the biggest financial concerns for 22% of small business owners in the UK this year. One in four small businesses state that they are constantly chasing late payments, according to a new report. The annual 2022 business challenges report, carried out by card payments specialist takepayments Limited, surveyed SME business owners and decision-makers across the UK to discover the current small business landscape for the year ahead.
Nerd Wallet
MARCH 10, 2022
The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. If you’re eagerly anticipating a tax refund in the coming weeks, you have good reason to be optimistic: The.
True Accord
MARCH 7, 2022
Delinquencies are a predictable reality for any business that handles payments, but the most efficient and effective way to recover delinquent funds isn’t always as predictable. A recovery team could theoretically chase down every last delinquent dollar. But it would soon reach the point at which the operational cost of the effort – and the associated legal and reputational risk – would cut into profitability.
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
MARCH 8, 2022
A District Court judge in New York has disagreed with both the plaintiff and defendant in a Fair Debt Collection Practices Act case and remanded the case back to state court for lack of standing, ruling that the plaintiff did not suffer a concrete injury based on the claims that he alleged in his amended … The post Judge Remands FDCPA Case Back to State Court appeared first on AccountsRecovery.net.
Consumer Finance
MARCH 8, 2022
Today, CFPB Director Rohit Chopra released the following statement on President Biden’s Executive Order, Ensuring Responsible Development of Digital Assets.
Nerd Wallet
MARCH 9, 2022
When traveling during the COVID-19 era, it can make sense to have travel insurance. These days, trips have been canceled for all sorts of COVID-19-related reasons, beyond actual illness, such as disinclination to travel if cases spike or government restrictions that prohibit you from traveling at all. Given the myriad of pandemic-era travel challenges, springing.
UK debt collections
MARCH 10, 2022
A rogue Company Director from Wolverhampton deliberately lied by exaggerating company turnover to secure a £50,000 bounce back loan. Inderjit Singh Dadial, aged 32 has been disqualified from being a Limited Company director for nine years. He was sole director of Cali Juices Ltd, a wholesaler of specialised soft drinks, which was incorporated in 2019 with a registered address in Wolverhampton.
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
MARCH 8, 2022
A bill has been introduced in the Senate by Sen. Sherrod Brown [D-Ohio], the chairman of the Senate Banking Committee, that would ban forced arbitration clauses in the financial services industry. A copy of the bill, S. 3755, called the Arbitration Fairness for Consumers Act, can be accessed by clicking here. The bill has a … The post Bill Introduced in Senate to Ban Arbitration Clauses appeared first on AccountsRecovery.net.
Fico Collections
MARCH 9, 2022
The last few years have thrown up many challenges for banks and card providers as everything has shifted online, one of the primary challenges being fraud scams. But the online shift has also created opportunities for financial institutions to demonstrate their strong fraud controls in the digital space. The rapid rise of scams and other crimes, as well as the increasingly diverse methods used by fraudsters, has only increased the pressure for banks to protect customers from scammers and detect
Nerd Wallet
MARCH 8, 2022
Nurse practitioners have one of the most in-demand jobs in the United States. They coordinate patient care and may provide primary and specialized health care such as evaluation, diagnosis and prescription of a treatment plan. To become a nurse practitioner, you’ll need to be a registered nurse with specialized graduate education. Employment outlook The following.
UK debt collections
MARCH 9, 2022
A London council plans to hire more debt collectors to try and prevent it losing millions of pounds in revenue each year. Harrow Council intends to hire Enforcement Agents and Debt Collectors to collect unpaid debts owing to the council. These debts will include unpaid fees such as council tax, business rates and parking fines. According to a report, which will be discussed by the council’s members later this week, using debt collectors could prevent Harrow council from losing up to £5million ea
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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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