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The following is a guest post from Dr. David L Tuyo II, president and CEO of University Credit Union. The views and opinions expressed in this article are those of the author only and are not endorsed by Credit.com. Securing a loan can be a big financial decision with a lot of implications on your personal finances and your life. There are many types of loans for a variety of purposes, but it’s always critical to consider certain key criteria in detail before making any final decisions.
Unless you are actually a debt collection expert like Debt Recoveries Australia , there is a good chance that you have quite a few higher priorities than managing your company’s accounts receivable. You might even delegate that task out to an assistant or employee without much thought to collect debts fast. However, when it comes to end of month and you have to show the dollars, all of a sudden the accounts receivable department becomes a top priority. .
Before smartphones, life had forced boundaries. An email was just accessed from a computer, only friends and family knew your cell phone number, and landline phones were the way you reached others. And, when a business needed to contact you, they sent a letter or called your home phone number. That all changed in 2007 when the iPhone hit the market.
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 Melody Armstrong
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?
Running a veterinarian practice can be so rewarding, especially if you love animals. In fact, we don’t know anybody in the field of veterinary medicine that doesn’t absolutely love helping family pets. After all, that’s why they got into this field. However, running a practice is like operating any other type of business, because it is a business, and it needs to make money and have positive cash flow.
Federal student loans will be more expensive for 2021-22 school year. Even so, borrowers will still see some of the lowest student loan interest rates of the past decade. Interest rates for new undergraduate federal student loans will rise from 2.75% to 3.73% for 2021-22. The interest rates for undergraduate, graduate and PLUS loans are. Colin Beresford writes for NerdWallet.
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Federal student loans will be more expensive for 2021-22 school year. Even so, borrowers will still see some of the lowest student loan interest rates of the past decade. Interest rates for new undergraduate federal student loans will rise from 2.75% to 3.73% for 2021-22. The interest rates for undergraduate, graduate and PLUS loans are. Colin Beresford writes for NerdWallet.
by Paul Alan Levy. Civil rights activists in Cobb County, Georgia, have been urging members of the community to come in force to the impending school board meeting on June Tenth to celebrate Juneteenth by signing up to speak in support of minority members of the school board, who have been under fire recently. Somebody created a flyer for that purpose; the flyer reproduces the local school district’s logo to help the public focus easily on which school district is at issue.
A District Court judge in Wisconsin has dismissed a Fair Debt Collection Practices Act case for lack of standing, following a ruling in a similar case that was issued recently by the Seventh Circuit Court of Appeals. A copy of the ruling in the case of Fansler v. Messerli & Kramer, LVNV Funding can be … The post WDWI Judge Dismisses FDCPA Case for Lack of Standing appeared first on AccountsRecovery.net.
If you are in the oil delivery business or are a propane retailer, then you know the challenges of cash flow. In many areas of the country, your business can be seasonal and your ability to manage cash flow is very important to be able to get through the year. We have been working with fuel dealers for many years here and understand some of the financial challenges that many in this industry face.
Listen, I don’t blame you for ignoring travel industry news during the pandemic. Who cares if Hilton went bankrupt (it didn’t) or Alaska Airlines joined some alliance (it did) when you aren’t traveling? If it wasn’t my job, I would’ve tuned out that stuff, too. However, many under-the-radar changes did significantly alter the travel landscape. Sam Kemmis writes for NerdWallet.
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.
Determining household size is an important measurement when facing bankruptcy. In fact, correctly determining household size can determine your eligibility for Chapter 7 bankruptcy. For some households, determining household size is simple. But for families that include relatives, extended family, or children living some or all of the time within a household, determining size can be more difficult.
If there was any doubt over the importance of the Hunstein case to the accounts receivable management industry, and to the camaraderie and support that companies in this industry have for one another, and that every lawyer in the country was working over the Memorial Day holiday weekend, look no further than the amicus briefs … The post Baker’s Dozen of New Amicus Briefs Filed in Support of Hunstein Petition for Re-Hearing appeared first on AccountsRecovery.net.
Under Florida law, condominium association (“CA”) board of directors members and homeowners’ association (“HOA”) board of directors members owe fiduciary duties to their associations and the unit or home owners they serve. This generally means that directors must place the interests of the association above their own self-interest and take actions they reasonably believe will benefit the association and owners.
Even if you’re fully vaccinated, you might not want your next trip — and perhaps your first trip in over a year — to be in a packed, urban metropolis. Enter the “second city” trip. Second city is a somewhat ambiguous term, but it’s generally used to refer to the second-most populous city in a. Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com.
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.
What happened when a leading loan servicing organisation looking to optimise its treatment process and increase cash collections decided to leverage enhanced analytics? Our new case study showcases the impact of harnessing predictive analytics into one of our client’s overall collection process and gives a full view of the approach used to achieve significant positive results.
A District Court judge in North Carolina has granted a defendant’s motion for summary judgment in a Telephone Consumer Protection Act case after it was sued for allegedly placing “several” hundred calls to the plaintiff’s cell phone in an effort to attempt to collect a debt, ruling that the technology used by the defendant did … The post Judge Grants MSJ in TCPA Case Over Collection Calls appeared first on AccountsRecovery.net.
One of the most important aspects of construction project success for subcontractors can be the subcontract agreement. A one-sided subcontract in favor of the contractor can make problems experienced by the subcontractor on the project even worse, and leave the subcontractor with very few options. While subcontractors may not always have the ability to renegotiate the entirety of a contractor’s standard form subcontract, this blog highlights five of the key provisions that every subcontractor
Whether you started a business online or in a brick-and-mortar location, pop-up shops are a great way to increase your brand awareness, gain customers, and drive sales. Although there’s been a move away from brick-and-mortar stores as ecommerce has grown, many brands are finding that customers still like to experience their products or services and.
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.
Can debt collectors take money from your bank account to offset debts you owe them? Unfortunately, the answer is yes. But it takes a lot to get to that scenario, so if you’re not there yet you still have time to learn how to protect yourself from this type of collections activity. To start, here are our top tips for keeping debt collectors from your bank account: Open accounts that can’t be garnished Don’t let debts get to the garnishment stage Show up in court and respond to lawsu
A pair of senior leaders from the Consumer Financial Protection Bureau are departing in the coming weeks, according to published media reports. Bryan Schneider, the Associate Director of the Bureau’s Supervision, Enforcement, and Fair Lending Division is leaving the regulator and Peggy Twohig, the Assistant Director for Supervision Policy, has announced her retirement.
Shopping for payment technology for your business can be overwhelming. You need to be able to make the best choices for your company but what do you need to know first? If you’re looking for a payment processor, here are some of the most important current trends, compliance concerns and tools that can help you with your choice. 1) What is the strongest current trend in payment processing?
Maybe you snuck into your neighbor’s swimming pool when you were a kid. Perhaps you jumped on their trampoline when they weren’t around or used their pile of random junk as a fort. To a child, these youthful indiscretions seem pretty harmless. But for a homeowner, such acts of rebellion can pose a serious liability. Doug Sibor writes for NerdWallet.
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.
If you think you’re immune to damage from a collection account on your credit report because you pay your bills on time, think again. Medical bills that you don’t know about could be hurting your credit—and the odds are not in your favor. In fact, the Consumer Financial Protection Bureau reports that around 31.6% of adults in the United States have collections accounts on their credit reports.
Logos Capital Systems announces a new monthly charity initiative that gives top performing employees an opportunity to donate to the charitable organization of their choice. Our team of receivables management professionals is incredibly engaged in our corporate social responsibility efforts and dedicated to making an impact in our communities. We empower our team to allocate … The post Logos Capital Systems Announces Monthly Charity Initiative appeared first on AccountsRecovery.net.
Using “self-help” as a means to evict commercial tenants is no longer acceptable and likely to result in a lawsuit against the commercial landlord. When a tenant fails to pay rent as it becomes due, breach appears to be undisputed. After all, paying rent is typically why the tenant is allowed to occupy the leasehold in the first place. Jumping to conclusions, it may seem reasonable for a commercial landlord to take actions to remove the tenant without a court order of possession because the c
The possibility of federal student loan forgiveness grabs all the headlines. But experts say no single policy — not even wiping the slate clean for millions of borrowers — solves the root causes of the nation’s $1.74 trillion student loan debt crisis. That debt has been fueled by decades of wages not keeping up with. Anna Helhoski writes for NerdWallet.
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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