Account Recovery
SEPTEMBER 3, 2020
A District Court judge in New Jersey has denied a defendant’s motion to dismiss after it was sued for violating the Fair Credit Reporting Act by obtaining the plaintiff’s credit report without a permissible purpose to do so. A copy of the ruling in the case of Mathews v. Verizon Communications Inc. can be accessed … The post MTD in Permissible Purpose FCRA Case Denied appeared first on AccountsRecovery.net.
American Profit Recovery
SEPTEMBER 2, 2020
By: Pocholo Alvarez . As I come closer to my two-year anniversary here at American Profit Recovery, I can’t think of all the changes that happened ever since I walked in through the front door. Just like the majority of the world, I had a bad interpretation of what a debt collector is. After spending even the first few days in the company, I realized that the people that I work with really do care about helping our clients and consumers.
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Nerd Wallet
SEPTEMBER 3, 2020
Saving enough money to buy a house might seem like scaling Mount Everest, but don’t let that stop you from taking the first steps. Once you get moving, you might find the peak more accessible than you expected. Here’s how to make the climb: Set goals to save for a house Decide a total money. Barbara Marquand is a writer at NerdWallet. Email: bmarquand@nerdwallet.com.
Nexa Collect
SEPTEMBER 4, 2020
A Dental Office Manager also referred to as a Dental Practice Manager is an administrative position commonly accommodated in dental practices or orthodontic facilities. A Dental Office Manager is like an overall Administrator, also responsible for running the front offices of dental clinics and managing day-to-day operations fulfilled to assist the dental faculties to propagate a smooth work environment.
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
SEPTEMBER 3, 2020
GETTING TO KNOW SHANTEL PETROSYAN OF PFC USA Shantel Petrosyan has made the cardinal mistake. She has made it known that she is available if you are looking for volunteers. Not someone to help you move, but someone who is committed to helping move the industry forward. In reality, her offer is not a mistake, … The post Daily Digest – September 3.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Nerd Wallet
SEPTEMBER 1, 2020
The stock market this year has strapped investors onto a roller-coaster ride filled with stomach-heaving drops and exhilarating highs. In spring, fears surrounding the coronavirus helped send the benchmark S&P 500 on a 34% drop from its prior peak. Since then, there have been a number of single-day-record point losses and gains, and in August, Kevin Voigt is a writer at NerdWallet.
Nexa Collect
SEPTEMBER 1, 2020
You have tried to recover overdue receivables from patients using reminder calls and sending invoices. But you are skeptical about sending accounts for collections, fearing a potential loss of reputation or hoping that your patient will magically pay you without the involvement of a 3rd party collector. . After overcoming your reluctance, you eventually decide to send past-due accounts for collections.
Account Recovery
SEPTEMBER 3, 2020
A District Court judge in Wisconsin has granted a defendant’s motion for summary judgment after it was sued for allegedly violating the Fair Debt Collection Practices Act by including a time limit on a settlement offer and by using the phrase “balance due” in a collection letter. A copy of the ruling in the case … The post Judge Grants MSJ For Defense in FDCPA Case Over Settlement Deadline, Using ‘Balance Due’ appeared first on AccountsRecovery.net.
True Accord
SEPTEMBER 2, 2020
In our second installment of “Between Two FinTechs,” an interview series with leaders in financial technology, we have Hunter Walk , co-founder and partner of seed stage venture fund Homebrew. Previously at YouTube and Google, Hunter uses his startup and scaling expertise to help founders articulate their product/market fit, recruit stellar teams and build well-defined cultures.
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.
Nerd Wallet
AUGUST 31, 2020
The coronavirus has upended countless jobs, schools and bank accounts. But while undoubtedly more people are struggling than not, those who are still working may have seen their expenses actually drop, due to canceled travel, limited dining options and more time at home. If you’ve managed to end up with extra money during the pandemic, Alana Benson is a writer at NerdWallet.
Nexa Collect
AUGUST 30, 2020
In a data-driven business world, knowing how to use data analysis tools optimally and what the advantages of data models are will allow you to assess the efficiency of your Accounts Receivable department. Predictive analysis can help monitor and manage outstanding receivables, and post-collection data will identify the most effective payment recovery methods.
Account Recovery
SEPTEMBER 3, 2020
A number of financial services trade organizations, including ACA International, are calling on the Federal Communications Commission to require that telecom companies notify businesses when their calls are being blocked or labeled as spam. The organizations, which also included the American Bankers Association, the American Association of Healthcare Administrative Management, and the Student Loan Servicing … The post Groups Call on FCC to Require Notification of Blocked Calls appeared fir
Credit Corp
AUGUST 31, 2020
Are you trying to keep a closer eye on your finances? Or maybe you want to get an auto loan, but you want to make sure your score is in good shape? Either way, you might be wondering if you’re checking your credit score too much. Honestly, there really isn’t a limit to how often you can check your credit score. But, before you blaze ahead and check your credit score, there are a few things you need to know.
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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.
Nerd Wallet
SEPTEMBER 2, 2020
Shopping for your first house is stressful enough, but when you’re finally ready to be a homeowner and the pickings are slim, the process can become a roller-coaster ride of hope and fear. “Buyers walk in a home and say, ‘This is it!’ Then, they see all the business cards [from other agents] on the. Barbara Marquand is a writer at NerdWallet. Email: bmarquand@nerdwallet.com.
Nexa Collect
AUGUST 29, 2020
Dental offices, particularly those that handle high-dollar orthodontics, often face difficulties with their accounts receivable (AR) management. AR is the portion of bills to patients and insurance companies that are outstanding. However, these challenges can be met with strong, enforceable policies and consistent collection procedures. A good rule of thumb for dental offices is to keep AR from exceeding the practice’s average monthly income.
Account Recovery
SEPTEMBER 1, 2020
The Attorney General of Massachusetts yesterday announced a lawsuit against Credit Acceptance Corp., a subprime auto lender, for knowingly originating loans to individuals even though it knew they would be unable to repay them, and then said the lender “harassed” those individuals by calling them as many as eight times a day in attempting to … The post Mass.
Consumer Finance
AUGUST 30, 2020
The Consumer Financial Protection Bureau issued a report examining the early effects of the COVID-19 pandemic on consumer credit.
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.
Nerd Wallet
AUGUST 31, 2020
United Airlines is making some changes so that customers can enjoy more flexible travel, including ditching change fees for virtually all domestic flights — for good. Earlier this year, United, along with most other domestic airlines, began temporarily waiving change and cancellation fees for virtually all flights scheduled in or after March 2020 due to.
Dear Debt
SEPTEMBER 3, 2020
Post contains affiliate links. Today’s post is from my friends at Bold.org, a site where you can find exclusive scholarships and grants. Life is expensive these days, especially if you… Related Posts: Financial Literacy Matters, Especially for Women. 13 Ways You Can Make Money. 10 Signs You Have a Toxic Relationship With Credit. Look How Far You've Come.
Account Recovery
SEPTEMBER 1, 2020
MASS. AG SUES AUTO LENDER FOR VIOLATING STATE COLLECTION CALL LIMITS, AMONG OTHER VIOLATIONS The Attorney General of Massachusetts yesterday announced a lawsuit against Credit Acceptance Corp., a subprime auto lender, for knowingly originating loans to individuals even though it knew they would be unable to repay them, and then said the lender “harassed” those … The post Daily Digest – September 1.
Re:Ceeve
SEPTEMBER 3, 2020
All companies—no matter their industry, size, or location—have one ultimate goal in mind at all times: improvement. It’s only natural for companies to want to get better at what they do. Perhaps you want to improve your productivity, the quality of your products, or your customer satisfaction. These are all valid goals. So how can you make these desired outcomes a reality?
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?
Nerd Wallet
SEPTEMBER 4, 2020
Medicare Part B is the portion of Medicare best known for covering doctor visits and other outpatient medical services. In 2020, most people pay a monthly premium of $144.60. This premium is adjusted each year and can vary depending on your income. You become eligible for Medicare Part B at age 65 and need to. Walecia Konrad is a writer at NerdWallet.
PDC Flow
SEPTEMBER 1, 2020
The way consumers interact with your business has changed. Many people prefer to do research about your company before speaking to you – especially in accounts receivable, when you’re asking them to pay a bill. Just as in any other industry, good website design is now a must in AR. Offering web chat services can be your agency’s differentiating factor between abandoned payment and a closed account.
Account Recovery
SEPTEMBER 1, 2020
There was an overall drop in delinquency rates among mortgages, credit cards, auto loans, and student loans during the first few months of the coronavirus pandemic, according to data released yesterday by the Consumer Financial Protection Bureau, which also indicated that individuals were not using their credit cards to keep themselves financially afloat.
Troutman Sanders
SEPTEMBER 4, 2020
On August 31, 2020, the Tenth Circuit affirmed the United States Bankruptcy Court for the District of Colorado’s holding that certain student loans not guaranteed by a governmental unit may be discharged in bankruptcy. Navient Solutions, LLC argued that the debtors’ student loans were excepted from their Chapter 13 discharge under 11 U.S.C. § 523(a)(8)(A)(ii) which excepts “an obligation to repay funds received as an educational benefit, scholarship, or stipend.
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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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