Account Recovery

JULY 30, 2021

The Consumer Financial Protection Bureau announced today that Regulation F will go into effect on November 30 as originally planned and will not delay the effective date of the rule until January 2022. “The CFPB has now determined that such an extension is unnecessary,” it said in a press release. “Following this announcement, the CFPB … The post CFPB Announces Nov. 30 Effective Date For Regulation F appeared first on AccountsRecovery.net.

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Enterprise Recovery

JULY 30, 2021

If you've been putting off the headache of collections, you've likely also been asking, "how can I improve my cash flow?" The two go hand-in-hand. When you're not following up on invoices that are getting older, your chances of collecting on them go down. That means you're working for no pay and that's no good. Instead, use these B2B collections steps to convert aging receivables and improve cash flow.

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Collections 243

American Profit Recovery

JULY 30, 2021

We are often asked the question of whether working in the collection industry is a smart career choice. Our answer is simple, and it is an affirmative yes! And there is no better evidence than earning a spot on the Best Collection Agencies to Work For list for 14 straight years now. The program is led by the independent InsideARM publication and the Best Companies Group.

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Collection Agencies Collections Agency Collections Manufacturing 157

Nerd Wallet

JULY 27, 2021

Exploring local and national first-time home buyer assistance programs is an important step in the journey to homeownership. Many state housing authorities combine closing cost and down payment assistance programs with mortgages that have favorable interest rates. Some states even offer tax credits you can use on your federal tax return. These first-time home buyer assistance.

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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.

Account Recovery

JULY 30, 2021

A District Court judge in Washington has mostly denied a defendant’s motion to dismiss — she did grant it on one count of the claim — in a Fair Debt Collection Practices Act case in which the debt collector was accused of attempting to collect a debt that the plaintiff claimed she did not owe. … The post WDWA Judge Partially Denies MTD in FDCPA Case Over Amount of Debt appeared first on AccountsRecovery.net.

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Fair Debt Collection Debt collector Collections 246

Sawin & Shea

JULY 28, 2021

It’s tempting to believe that filing for bankruptcy is like having a magical wizard wave his wand to make all of your problems disappear. Unfortunately, this isn’t exactly the case. You need to know exactly which debts can be discharged and which debts can’t as you begin the process. Bankruptcy isn’t rare in the Hoosier state; Indiana has the 7th highest percentage of bankruptcies in the United States, based on population: 22,748 in 2019, or 3.38 per every 1,000 people.

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Bankruptcy Credit Card Debt Chapter 13 bankruptcy Chapter 7 bankruptcy 105

Nerd Wallet

JULY 26, 2021

With COVID-19 shutdowns easing across the country, many Americans are finding themselves in a time of transition. If you’re switching jobs, working on your health or trying to pay off a debt, a short-term life insurance policy could cover you until your situation changes. How does short-term life insurance work? There are two types of. Katia Iervasi writes for NerdWallet.

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Account Recovery

JULY 30, 2021

LAS VEGAS — More sights and sounds from ACA International’s Annual Convention, including a poll about remote work, an update on the industry’s lawsuit attempting to fight back against a medical debt collection law in Nevada, a tip on collectors’ commissions, and tips to deal with consumer lawsuits during the pandemic. Most Attendees Want Employees … The post Remote Work, SB248 Lawsuit, and More Discussed During Day 2 of ACA’s Convention appeared first on Accou

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Collections 246

Consumer Finance

JULY 29, 2021

The Consumer Financial Protection Bureau (CFPB) today announced that two final rules issued under the Fair Debt Collection Practices Act (FDCPA) will take effect as planned, on November 30, 2021.

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Fair Debt Collection Collections 102

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

Collect More

JULY 27, 2021

Everywhere I go, everyone I talk to, every business that I help I recite my mantra: “What is the absolute most you can pay today?” These 9 words are the reason we collect millions of dollars every year and teach others to do the same. Most people have the same limited mindset- full amount or zero. Everything or nothing. Almost nobody thinks about that enormous middle section- part payments.

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Collections 100

Nerd Wallet

JULY 26, 2021

As interest rates fell and home prices rose last year, Carlette Duffy of Indianapolis applied to refinance her mortgage and got a gut-punch of a surprise when the appraisal came in. Duffy estimated her home was worth $185,000, but the appraisal ordered by the lender valued her home at $125,000. She purchased a market analysis, Barbara Marquand writes for NerdWallet.

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Lender 132

Account Recovery

JULY 30, 2021

REMOTE WORK, SB248 LAWSUIT, AND MORE DISCUSSED DURING DAY 2 OF ACA’S CONVENTION LAS VEGAS — More sights and sounds from ACA International’s Annual Convention, including a poll about remote work, an update on the industry’s lawsuit attempting to fight back against a medical debt collection law in Nevada, a tip on collectors’ commissions, and … The post Daily Digest – July 30.

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Collections 246

Jimerson Firm

JULY 28, 2021

Once a contractor in Florida receives notice that an agency soliciting bids intends to award a contract to another bidder, the contractor may wonder why its bid was unsuccessful. If a contractor believes its bid should have been the winning one, Florida law allows the contractor to protest the soliciting agency’s award. The process for bid protesting can be a tricky one.

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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

Credit Corp

JULY 26, 2021

DISCLAIMER. The information provided in this article does not, and is not intended to be, legal, financial or credit advice; instead, it is for general informational purposes only. . Losing a loved one is hard on so many levels. Funeral arrangements and estate matters have to be dealt with in the midst of grief—and questions abound. What debts are forgiven at death, for instance?

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Student loans Student Loans Credit Card Debt Loans 98

Nerd Wallet

JULY 30, 2021

You’ve accumulated assets during your lifetime and may want to transfer wealth to your heirs or a favorite charity. As you make estate planning arrangements, don’t forget that estate taxes may come into play, potentially reducing the size of your estate or disrupting your aspirations. Being diligent about estate tax planning can help manage your. Tiffany Lam-Balfour writes for NerdWallet.

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Account Recovery

JULY 30, 2021

Debexpert, an online platform for buying and selling NPLs (Non-Performing Loans), has launched the world’s first mobile app for debt portfolio sellers. The Debexpert app, which is available for Android and iOS mobile devices, implements the basic functionality of the online auction familiar to users of the desktop version. Now, you can monitor and take … The post Debexpert Launches the World’s First Mobile App for Delinquent Debt Sellers appeared first on AccountsRecovery.net.

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Loans 246

Debtor Daddy

JULY 25, 2021

Whether you’re wanting to up-skill or fill in the gaps in your existing knowledge, we have outlined some of the top free certifications that are currently on offer for bookkeepers and accountants. 1. Debtor Daddy – Debtor Management Software. With Debtor Daddy’s certification program you’ll learn how to deliver a highly efficient and profitable debtor management service your clients will love.

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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.

Credit Corp

JULY 25, 2021

The interest rates for different types of debt vary widely. What is considered “good” for one would be considered exorbitant for another—and vice versa. A “good” interest rate for you is the lowest one you can get with the most favorable terms. But what is good for you might not be good for someone else. Ultimately, a good interest rate for you will come down to factors that include your credit score , income, and total debt.

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Nerd Wallet

JULY 29, 2021

As the economy bounces back and the U.S. transitions out of the pandemic, small-business owners will need access to capital to both recover and grow. However, since federal relief from the Paycheck Protection Program ended on May 31, business owners may be wondering where to get financing or looking for new options after an unsatisfactory. Randa Kriss writes for NerdWallet.

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Account Recovery

JULY 30, 2021

BURLINGTON, Mass. (July 28, 2021) – Ontario Systems, a leading provider of enterprise software that automates complex workflows, accelerates revenue recovery, and removes friction from the payments process for clients in the accounts receivable management (ARM), healthcare, and government markets, today announced a strategic partnership with RevSpring, a leader in financial communications and payments solutions.

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PDC Flow

JULY 27, 2021

How much of your staff’s time is spent doing repetitive tasks? How much of that time could they devote to more important issues? Automating these simple processes streamlines day-to-day responsibilities. If you manage operations for your call center , collection agency or office, identifying automation solutions that will impact your business should be a priority.

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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

Public Citizen

JULY 29, 2021

by Jeff Sovern. I have started submitting my article, Six Scandals: Why We Need Consumer Protection Laws Instead of Just Markets , to law reviews and in hopes of winning the law review lottery, decided to try my luck at the Harvard Law Review and Yale Law Journal (as if, as my students said about twenty years ago). Anyway, both ask submitters to identify the subject area of the article and offer a list of legal subjects from which to choose.

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Nerd Wallet

JULY 29, 2021

This article provides information for educational purposes. NerdWallet does not offer advisory or brokerage services, nor does it recommend specific investments, including stocks, securities or cryptocurrencies. Do-it-yourself is fine when the stakes are low; everything you need to know about patching drywall is on TikTok. But what about when the stakes are high?

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Education 122

Account Recovery

JULY 29, 2021

GETTING TO KNOW DAVID SPEED OF NATIONWIDE CREDIT Honesty is a big part of what makes David Speed special. Reading his answers to the questions below, honesty is a theme that runs through many of the experiences that has shaped him, from getting his start in the ARM industry to his leadership style. Read on … The post Daily Digest – July 29.

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Consumer Finance

JULY 28, 2021

The Consumer Financial Protection Bureau (CFPB) today released an online tool to help renters and landlords impacted by the pandemic easily find and apply for payment assistance for rent, utilities and other expenses.

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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.

Collections