UK debt collections
MAY 4, 2021
The UK’s SME Businesses are suffering as a result of late payments. Covid-19 has fuelled the problem and many small businesses and medium sized enterprises are facing going bust. So when is it time for SME Owners to act? At what point do Business owners say ‘enough is enough’ The pandemic has caused many Small Business owners to avoid pushing for payment.
Nerd Wallet
MAY 4, 2021
Signing up for a bank account is usually easy. But just as an application for a credit card might not be approved, a bank or credit union could deny an account application. If this happens to you, be aware that you have other options. However, it’s a good idea to try to learn why the. Margarette Burnette writes for NerdWallet. Email: mburnette@nerdwallet.com.
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PDC Flow
MAY 4, 2021
There are countless risks associated with running a business and tactics for preventing or responding to them are always changing. Especially in the accounts receivable industry, there are many unpreventable risks that can become costly if not properly addressed. Earlier this year, Performant Corporate Counsel Lauren Valenzuela and Finexus Insurance Agency CEO Katie Zugsay discussed new risks and better operational risk management in financial services.
Account Recovery
MAY 7, 2021
CALIF. DA REACHES $30K SETTLEMENT WITH DEBT BUYER, COLLECTION LAW FIRM A debt buyer and collection law firm in California have reached a settlement with a local District Attorney after being accused of suing an individual in an attempt to collect a debt that the individual did not owe, according to a published report. The … The post Daily Digest – May 7.
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
MAY 7, 2021
It's so frustrating when unpaid invoices are piling up, even after you've called, emailed and sent friendly reminders. At this point, many businesses will simply write off the invoices as bad debt and move on. If you've taken on too much bad debt or let far too many invoices go unpaid, it's time to bring in the professionals. Let us remove the hesitation and complexity of it all.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Nexa Collect
MAY 6, 2021
If you own a business, you are likely looking for ways to be more efficient and save money every day. Whether it’s in how you operate, creating efficiencies, removing obstacles, settling deals, or in how you power your facilities, there are savings to be found. Especially when you consider switching to solar energy. Rooftop solar for homes has been around for decades, and likewise, there are many businesses that have adopted this clean, affordable, reliable way of powering the things they do eac
Account Recovery
MAY 7, 2021
A debt buyer and collection law firm in California have reached a settlement with a local District Attorney after being accused of suing an individual in an attempt to collect a debt that the individual did not owe, according to a published report. The settlement includes a civil penalty, a fine to reimburse the county … The post Calif. DA Reaches $30k Settlement With Debt Buyer, Collection Law Firm appeared first on AccountsRecovery.net.
Jimerson Firm
MAY 5, 2021
Small businesses have relied on government assistance, including Paycheck Protection Program (“PPP”) loans and Economic Injury Disaster Loans (“EIDL”) to survive the COVID-19 pandemic’s economic fallout; however, even with such help, many small businesses are facing the prospect of closing their doors with outstanding government loans and other obligations.
Nerd Wallet
MAY 5, 2021
Whether you’re just starting a business or are a veteran entrepreneur, startup books are one of the many ways to get inspiration and to stay motivated. If you think you’re in over your head, or are just plain curious about what others have been through, startup books are a great resource full of entrepreneur advice, Sally Lauckner writes for NerdWallet.
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.
Sawin & Shea
MAY 5, 2021
Anyone on social media is bound to have seen numerous posts or crowdfunding pleas from friends or friends of friends who are faced with insurmountable medical debts. In fact, 8 million people have started a campaign for themselves or for a family member, and 12 million people have started a campaign for a friend or acquaintance. This is just the tip of the iceberg.
Account Recovery
MAY 7, 2021
A month after a similar bill was introduced in the House of Representatives, a bill has been introduced in the Senate that seeks to choke off access to the Paycheck Protection Program for any debt collector that has committed any violation of the Fair Debt Collection Practices Act. Just like the bill in the House, … The post Senate Bill Aims to Prohibit ‘Predatory’ Collectors From Accessing PPP Loans appeared first on AccountsRecovery.net.
Debt
MAY 3, 2021
The rules governing repayment of federal student loans contain so many nooks and crannies that it shouldn’t come as a surprise that you may have missed one created during the COVID-19 Emergency Relief program. In addition to the well-publicized rule that no payments are necessary on Direct Federal Student Loans until at least Sept. 30… The post How to Get a Refund on Your Student Loan Payments During COVID-19 appeared first on Debt.org.
Nerd Wallet
MAY 7, 2021
Choosing a business location is not something that can be done on a whim—it’s a crucial step in starting a business. First things first, the business location you choose will depend on the type of business you operate. Business parks, shopping malls, strip malls, professional buildings, and others are all designed to meet the specific. Sally Lauckner writes for NerdWallet.
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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.
Debt Recoveries
MAY 4, 2021
As insurance claims recovery specialists, we get to see many different claims processes, systems and procedures going on within an insurer or a TPA (third party administrator). So here are our thoughts on how the process of claims recovery can be maximized for successful recovery. What is Insurance Claims Recovery? Insurance Claims Recovery, also known as “subrogation” or subrogated claims recovery, is a legal term meaning that the insurance company assumes the right of its insured to pursue a c
Account Recovery
MAY 5, 2021
Notifying an individual in a collection letter than not paying a debt may have a negative effect on that person’s credit score does not rise to the level of violating the Fair Debt Collection Practices Act, according to a District Court judge in Michigan, especially when the individual’s alleged emotional injury is self-inflicted because she … The post Judge Grants MTD in FDCPA Case Over Credit Reporting Statement in Letter appeared first on AccountsRecovery.net.
Credit Corp
MAY 3, 2021
NOTE: Due to the COVID-19 coronavirus pandemic, the IRS has extended the federal tax filing and payment deadline to May 17, 2021. The recent relief package passed by Congress may have additional tax implications. Please contact a tax adviser for information you may need to complete your taxes this year. Learn More. Some canceled debts are treated like income by the IRS.
Nerd Wallet
MAY 5, 2021
As you or a loved one nears the end of life due to a terminal illness, hospice care might be a consideration. Hospice is a type of care in which a team of specialized health care professionals make someone who is terminally ill as comfortable as possible during the time they have remaining. Medicare does. Kate Ashford writes for NerdWallet. Email: kashford@nerdwallet.com.
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.
Consumer Finance
MAY 3, 2021
The Consumer Financial Protection Bureau (CFPB) released two reports today showing that more work needs to be done to help mortgage borrowers coping with the COVID-19 pandemic and economic downturn.
Account Recovery
MAY 5, 2021
A hospital in New Jersey is the latest to be spotlighted for filing lawsuits during the COVID-19 pandemic seeking to recover unpaid debts from patients. But unlike other hospitals that have been accused of filing hundreds or thousands of lawsuits and being overly aggressive, Trinitas Medical Center — one of the largest nonprofit hospitals in … The post N.J.
Public Citizen
MAY 7, 2021
Michael Simkovic of USC and Meirav Furth of UCLA have written Proportional Contracts, 107 Iowa Law Review, (2021). Here's the abstract: Contract law treats consumer attention as if it were unlimited. We instead view consumer attention as a scarce resource that must be conserved. We argue that consumer contracts generate negative externalities by overwhelming consumers with information that depletes their attention and prevents competition on contract terms.
Nerd Wallet
MAY 3, 2021
Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion about pet scams, including common scams people fall victim to and how to avoid them. Then we pivot to this week’s two listener questions about buying different home types. First, a listener asked, “Can you please.
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?
Consumer Finance
MAY 2, 2021
Today the Consumer Financial Protection Bureau (CFPB) formally delayed the mandatory compliance date of the General Qualified Mortgage (QM) final rule from July 1, 2021 to October 1, 2022.
Account Recovery
MAY 5, 2021
The Consumer Financial Protection Bureau is being sued over an interim final rule it issued saying that collectors may face prosecution under the Fair Debt Collection Practices Act for not providing written notices to individuals being evicted, with plaintiffs claiming their First Amendment rights under the Constitution are being violated because they are being required … The post CFPB Sued Over FDCPA Eviction Rule appeared first on AccountsRecovery.net.
Credit Corp
MAY 5, 2021
Financing a rental property has its share of challenges. but it’s worth the effort if you find the right one to invest in. Investing in a rental property is an ideal way to create an abundant income source and turn it into a rewarding venture. Once you own a property, renting out a room would be a great way to start the inflow of cash into your business.
Nerd Wallet
MAY 4, 2021
Perhaps you’re thinking of leaving the nine-to-five grind, or you’re simply ready to make a career change. Maybe you’re fresh out of school and ready to change the world with your entrepreneurial spirit. Whatever the reason, these days there are more ways than ever to start a business of your own. The tricky part is. Meredith Wood writes for NerdWallet.
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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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