Sat.Sep 12, 2020 - Fri.Sep 18, 2020

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Communication Preferences by Generation in Collections & Business

Arbeit Software

Our very own Market Research Analyst, Kaitlyn Filippi , Marketing Director, Tracy Montour , and CEO, Alex Villafranca sat down to discuss communication preferences by generation and how they apply to both the debt collection industry and other businesses. What they discovered might surprise you!

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Collection Companies Among Group Filing Briefs Urging Supreme Court to Narrow ATDS Definition

Account Recovery

A number of groups, including two debt collection companies, have filed briefs with the Supreme Court in support of Facebook in a Telephone Consumer Protection Act Case that seeks to define what constitutes an automated telephone dialing system once and for all. Amicus briefs were due to be filed by Sept. 11. Included in the … The post Collection Companies Among Group Filing Briefs Urging Supreme Court to Narrow ATDS Definition appeared first on AccountsRecovery.net.

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10 Ways to Build Credit Without a Credit Card

Credit Corp

Credit cards are a great tool for building credit. They’re easy to use, offer flexibility, and sometimes even reward you for using them. Most also directly impact your credit score and are used by many people to begin building their credit profile. But what if you don’t want a credit card or are having trouble qualifying one? Don’t worry. There are other plenty of other ways to build a strong credit history.

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Is the Customer Always Right? How to Tell A Client 'No'

Enterprise Recovery

Whether you're working for an company or on your own, the thought of saying 'no' to a client can be panic-inducing. It can be especially stressful if you're starting your own business or trying to grow your new business. The good news is that there are particular situations that actually call for a resounding negative response. When you say "no," you can feel like you're doing what's right for you and your business.

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Solve Your Firms Automation Complexities Once and For All

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.

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Why Invoice Specificity is Important for Healthy AR

Nexa Collect

They say that the devil is in the details. This is generally true, but when it comes to invoicing, the devil is in the details omitted. Invoices that are vague, confusing, or lacking in basic information are much harder to collect than invoices that spell things out. This might seem like an obvious point, but many businesses don’t realize their invoices aren’t as clear as they could be.

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Are Medicare Advantage Plans Worth the Risk?

Nerd Wallet

About 1 in 3 people 65 and older in the U.S. enroll in Medicare Advantage, the private insurance alternative to traditional Medicare. It’s not hard to see why: Medicare Advantage plans often cover stuff that Medicare doesn’t, and most people don’t pay extra for it. But Medicare Advantage can be more expensive if you get. Liz Weston is a writer at NerdWallet.

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10 Proven Ways to Lower Your Car Insurance

Credit Corp

We’ve heard the insurance tagline over and over: “Switch and save money today.” Every insurance company claims to have the best deal. But, how can you get a good deal while maintaining the appropriate amount of coverage? We’ve got you covered—literally, and with no extra cost to you. Check out these ten ways to help lower your car insurance. 1. Get Quotes Annually.

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Commercial Real Estate Lease Defaults: Hire a Collection Agency

Nexa Collect

The current COVID-19 pandemic and the drastic measures that governments undertook to slow the disease’s spread have devastated the global economy. Unemployment climbed precipitously in the pandemic’s early months. In the United States, it peaked in April at 14.7%, wiping out the previous decade’s gains in a matter of months. Businesses around the country and the globe were forced to close, with many remaining so today, or operating at a fraction of their average volume.

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ACA International and HFMA Release New Best Practices for Resolution of Medical Accounts

Account Recovery

Minneapolis, Minnesota – September 17, 2020 – ACA International and the Healthcare Financial Management Association Accounts Receivable Resolution Task Force reconvened this year to update best practices for the fair resolution of patients’ medical bills and address financial assistance policies in response to the COVID-19 pandemic and potential future public health emergencies.

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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

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.

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How Soon Can You Refinance a Mortgage? Here Are the Rules

Nerd Wallet

How soon you can refinance a mortgage depends on the type of home loan you have and the type of refinance mortgage you’re getting. Some mortgages let you refinance immediately after getting the original loan, if you want. Others require a period to elapse — what the mortgage business calls “seasoning.” This article outlines the. Holden Lewis is a writer at NerdWallet.

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Supreme Court To Hear Facebook ATDS Argument on December 8th

TCPA

On September 16, the U.S. Supreme Court announced that it will conduct a telephonic oral argument for the Facebook, Inc. v. Duguid matter on December 8, 2020. As regular readers of our blog know, the Supreme Court granted Facebook, Inc.

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Strategies for Third Party Risk Management

Nexa Collect

Trusting someone can be as difficult and risky in business as it is in our personal lives. Businesses thrive not only because they do the right things at the right time, but because they associate themselves with distributors, vendors, investors, contractors and affiliates that respect their goals, share their work ethic, are experienced and financially stable, and fulfill the businesses’ needs with reliable execution.

Lawyers 130
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Supreme Court Sets Date to Hear Arguments in TCPA ATDS Case

Account Recovery

Mark your calendars, ladies and gentleman. December 8 is not just a day that is two days before my birthday anymore. That Tuesday will be the day that the Supreme Court will hear arguments in Facebook v. Duguid, a case that aims to settle — once and for all — how an automated telephone dialing … The post Supreme Court Sets Date to Hear Arguments in TCPA ATDS Case appeared first on AccountsRecovery.net.

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How Collection Agencies Minimize Effort and Maximize Results with the Right Software

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.

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4 Home Insurance Pitfalls to Avoid During Hurricane Season

Nerd Wallet

For homeowners in coastal states, the 2020 hurricane season could mean financial disaster. Named storms are rolling in at a record pace, with as many as 25 expected in the Atlantic this season — twice the average number. After battering the Louisiana coast in late August, Hurricane Laura alone may account for as much as. Doug Sibor is a writer at NerdWallet.

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Debt Management: Signs This Is for You

Debt Guru

If you’re in debt in the US, you’re in good company. At the end of 2019, American household debt surged past $14 trillion (yep, that’s TRILLION with a “T”) for the first time. Most of this debt is in the form of mortgages, but credit card debt also hit a record high of $930 billion. But while you can take solace in the fact that you’re not alone, don’t take this to mean you’re not responsible – or that there’s nothing you can do to turn the tide.

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Vulnerable Entrepreneurs and Struggling Businesses, Threatened By COVID-19, Need Additional Support in the Next Stimulus Package

Prosperity Now

While the COVID-19 pandemic is causing a nationwide economic slowdown, it has hit small businesses particularly hard—especially those owned by

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Most Americans Do Not Negotiate Medical Debt Balance, Are Not in Payment Plan: Survey

Account Recovery

A majority of Americans have medical debt, have had that debt placed into collections, have not tried to negotiate to lower the cost of how much they owe, and are not in a payment plan, according to the results of a survey conducted by Debt.com. The survey only included 1,186 people from all 50 states, … The post Most Americans Do Not Negotiate Medical Debt Balance, Are Not in Payment Plan: Survey appeared first on AccountsRecovery.net.

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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

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.

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Americans’ Relationship With Credit Cards: It’s Complicated, Survey Reveals

Nerd Wallet

Your credit is like insurance: It’s not top of mind until you need it, then it can make all the difference. Credit matters, whether you’re trying to gain access to credit products like loans, rent an apartment or even get approved for a cell phone. And most Americans (69%) report that they have an established. Erin El Issa is a writer at NerdWallet.

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How the 50/30/20 Rule Can Keep You on Budget

Debt Guru

Ever heard of the “50/30/20 rule?” . This type of spending plan has been around a while, although maybe you’re not familiar with it. But if you find most financial management plans too complex to be helpful, the simple budgeting strategy within the 50/30/20 could be the key that finally unlocks your ability to get on top – and stay on top – of your financial goals.

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Economic Impact Payments May Have Prevented Additional Financial Vulnerability for Lower-Income Households

Prosperity Now

The financial assistance provided by the federal government under the Coronavirus Aid, Relief, and Economic Security (CARES) Act constituted a

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CFPB, State AGs Settle With Private Lender; $330M of Student Loans to be Discharged

Account Recovery

The Consumer Financial Protection Bureau, along with 48 attorneys general, have reached a settlement that will see the owner of $330 million in private student loans forgive all of that amount after being accused of engaging in unfair acts and practices in violation of the Consumer Financial Protection Act. A copy of the complaint, filed … The post CFPB, State AGs Settle With Private Lender; $330M of Student Loans to be Discharged appeared first on AccountsRecovery.net.

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How To Optimize Cash Flow: Your Roadmap To Resilience!

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?

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12 of the Best Cash-Back Apps of 2020

Nerd Wallet

Automating your finances, whether for paying bills or saving money, is a secret to growing wealth. Cash-back apps can be a part of that strategy by providing you discounts, rebates or points applied to future purchases. This is not a big-money play. It’s more of “a penny saved” sort of thing. But it helps to. Hal M. Bundrick, CFP is a writer at NerdWallet.

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Consumer Financial Protection Bureau Announces Advisory Committee Members

Consumer Finance

Consumer Financial Protection Bureau Director Kathleen L. Kraninger has announced the appointment of members to the Consumer Advisory Board (CAB), Community Bank Advisory Council (CBAC), Credit Union Advisory Council (CUAC), and Academic Research Council (ARC).

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Understanding Your Credit Card Limit: 3 Things to Know

The Kaplan Group

aDIudGItaGVhZGluZ1tkYXRhLXRvb2xzZXQtYmxvY2tzLWhlYWRpbmc9IjM2OGNkZGQ4YzFkOThkNzlmMTFlNWUyNzc0NTgwOGE4Il0gIHsgdGV4dC1hbGlnbjogbGVmdDsgfSA=. “We’re lowering your credit card limit,” is the last thing a business owner wants to hear. Businesses often use credit cards in the same ways that people do in their personal lives. This is not necessarily a bad thing.

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Site That Helps Consumers Respond to Collection Suits Launches Nationwide

Account Recovery

A service that started in Utah to help individuals respond to debt collection lawsuits yesterday announced it would now be available nationwide as it seeks to win $50,000 in a technology competition. AccountsRecovery.net first wrote about SoloSuit back in 2018, when a group of students at Brigham Young University launched the idea, which allowed users … The post Site That Helps Consumers Respond to Collection Suits Launches Nationwide appeared first on AccountsRecovery.net.

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When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

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.