RMAi Blog

DECEMBER 14, 2022

The Assurance of Discontinuance alleges the retailer was targeted in a cyberattack in 2018 resulting in customers’ credit card numbers and login credentials being made available for sale on the dark web. RMAI is collecting donations for the 2023 Annual Conference Silent Auction, sponsored by Kino Financial. Miss a Webinar?

Law Firms 130

Law Firms Credit and Collections Credit Unions Debt Collections 130

Fundera

SEPTEMBER 17, 2020

Instead of paying the steep hourly rates typically charged by law firms, customers can pay a fixed monthly rate for legal representation and advice on a range of issues. LegalShield’s attorney network covers all 50 states and includes 39 law firms and 900 attorneys, who have an average of 22 years of experience.

Law Firms 111

Law Firms Debt Collections Credit and Collections Small Businesses 111

RMAi Blog

JANUARY 25, 2023

Simmons will share his insights and interpretations of the consumer credit environment so that attendees can apply them to their specific businesses. TransUnion is also involved in the conference education program. The Keynote Address will be given by Dan Simmons, Senior Director of Consulting at TransUnion.

Law Firms 130

Law Firms Credit Reporting Agencies Credit and Collections 130

RMAi Blog

AUGUST 14, 2024

The Q&A largely focused on participant inquiries about the process of submitting medical debt rulemaking comments, the likelihood of the rule proposal surviving legal opposition, and the relevance of credit reporting. RMAI is concerned that the current exemption for credit cards is not broad enough. First Credit Union v.

Electronic Funds Transfer 130

Electronic Funds Transfer Credit and Collections Bankruptcy Law Firms 130

RMAi Blog

FEBRUARY 14, 2023

Individual certification requires 24 education credits every two years. You could have earned up to 17 education credits at the Annual Conference, including all required classes for either initial or renewal certification. Keep in mind, CCOs need 12 in-person education credits, while others can take all of credits online.

Law Firms 100

Law Firms Credit and Collections Credit Management 100

RMAi Blog

OCTOBER 18, 2024

As Director of Business Development at National Credit Adjusters, LLC , my involvement with the Receivables Management Association International (RMAI) has been important to my career in receivables management and greatly beneficial to the success and continual improvement of our industry and collective industry organizations.

Law Firms 130

Law Firms Credit and Collections 130

Fundera

JANUARY 30, 2020

The 10 businesses that were most likely to receive funding in 2019 were Software Development, Miscellaneous Retail, Law Firms and Attorneys, Auxiliary Home Services, Auxiliary Health Services, Interior Decoration and Design, Strategy/General Consulting, Recreation, Retailing Electronics, Building Materials and Home Furnishing.

Small Businesses 122

Small Businesses Credit Scoring Law Firms Credit and Collections 122

RMAi Blog

APRIL 12, 2023

The following bills of concern are a sample of the legislation that RMAI is currently engaging on behalf of the industry: California AB 1414 – This bill would exclude consumer credit accounts from the definition of “book account” which would force all litigation through a contract theory for litigation. NPAS, Inc. ,

Law Firms 100

Law Firms Collector Credit and Collections Default 100

RMAi Blog

MARCH 14, 2023

This is a very expansive definition which would include medical debt charged on a credit card, including a bottle of Tylenol purchased from a grocery store. RMAI is strongly opposed to this bill and is working with our Colorado lobbyist and other industry trade associations to get an exemption for credit card debt.

Collector 100

Collector Law Firms Credit and Collections Debt Collections 100

Fundera

DECEMBER 2, 2018

Instead of paying the steep hourly rates typically charged by law firms, customers can pay a fixed monthly rate for legal representation and advice on a range of issues. LegalShield’s attorney network covers all 50 states and includes 39 law firms and 900 attorneys, who have an average of 22 years of experience.

Law Firms 85

Law Firms Debt Collections Credit and Collections Small Businesses 85

RMAi Blog

MAY 12, 2023

Nat’l Credit Sys. , A debt collector unaware of the discharge, allegedly due to a bona fide error, sent several collection letters to the consumer regarding the past-due rent. 1692c(c) (failure to cease communications and cease collections) of the FDCPA.” 21-3131, 2023 U.S. LEXIS 10237 (7th Cir. EOS USA, Inc.

Collector 100

Collector Law Firms Credit and Collections Debt Collections 100

RevCycle

APRIL 5, 2021

As early as March 2020, hospital revenue streams began taking a huge hit due to the cancellation of elective procedures, which along with increased costs had a significantly negative impact on the industry’s credit outlook. The article providing this analysis comes from the previously-mentioned Kaufman Hall, along with Waller Law Firm.

Law Firms 130

Law Firms Credit and Collections 130

RMAi Blog

JANUARY 13, 2023

Here are some recently introduced bills that might be of interest: New York SB 171 – This bill would create a private right of action against originating creditors and debt collectors for a violation of the Debt Collection Procedures Act. Prof’l Bureau of Collections of Md., Midland Credit Mgmt., 4th 823 (10th Cir.

Law Firms 100

Law Firms Collector Credit and Collections Debt Collections 100

MNS Credit Management Group

MAY 25, 2023

The main purpose of debt collection in any country is to find an amicable and smooth settlement of dues between a debtor and a creditor. However, in Indonesia, there are no specific rules regarding debt collection service companies. This also explicitly states that use of force in any debt collection activity is prohibited.

Debt Collections 52

Debt Collections Credit and Collections Collector Law Firms 52

Abrigo

AUGUST 11, 2016

According to the Credit Union National Association (CUNA) , credit unions had a record year in 2015, with 3.7 This impressive growth is not surprising when you consider these three ways credit unions are excelling. banks and credit unions. Bank acquisitions by credit unions did not exist until 2011, when St.

Credit Unions 60

Credit Unions Law Firms Credit and Collections 60

Fundera

DECEMBER 13, 2016

Think about your collections/payments process. Are you struggling to collect payments? Do you take credit cards? If you don’t because you believe it will cost too much, you might want to consider the cost of the time you or your bookkeeper spends on trying to collect payments. a law firm that goes into closings).

Credit and Collections 98

Credit and Collections Law Firms Small Businesses 98

MNS Credit Management Group

DECEMBER 2, 2022

Many businesses that owe money to creditors use debt collectors, who work for a fee or a portion of the total amount collected. Some debt collectors are also debt purchasers; these businesses buy debt below its face value and then make an effort to collect the entire amount owed. Reasons To Hire A Collection Agency.

Debt Collections 52

Debt Collections Collector Credit and Collections Bad Debt 52

Priority Credit Management Corporation

OCTOBER 16, 2020

However, if my future self came to talk to me before I started a career in debt collections and said…. Hello, past self, this is Brad from the future and you are going to KILL it in the debt collection business.". There is a common theme amongst all credit services people that I’ve chatted with over the years. A DEBT collector??

Debt Collections 52

Debt Collections Collector Credit and Collections Law Firms 52

tillful

MAY 17, 2023

Here’s a closer look at what collection filings and derogatory marks mean for businesses. Plus, learn how long they stay on your record, how to prevent them, and tips on getting your business credit back on track. What does it mean to have a business debt in collections? What is a derogatory mark on a credit report ?

Bankruptcy 52

Bankruptcy Credit and Collections Credit Reporting Agencies Credit Scoring 52

JSP Credit Management

OCTOBER 31, 2021

This article aims to explore the different types of companies that exist in the UK and discuss the implications of each of the different structures for the debt collection industry. This model is the dominant model in the legal sector for example where law firms will nearly always adopt an LLP company structure.

Debt Collections 52

Debt Collections Credit and Collections Law Firms Collector 52

JSP Credit Management

DECEMBER 14, 2021

One of the numerous benefits of working across different industries in the debt collection industry is that you get to see the wide variety of different payment arrangements that are adopted by different companies, and sometimes entire sectors too. Surely, everybody pays when they have been paid themselves.

Law Firms 52

Law Firms Credit and Collections Debt Collections Credit Risk 52

Fundera

DECEMBER 4, 2018

Businesses that sell products or services subject to excise tax are responsible for collecting the taxes and sending them to the IRS. Business owners are responsible for calculating, collecting, and reporting sales tax to local and state governments. credit, the federal unemployment tax rate is reduced to 0.6%. Property Tax.

Small Businesses 75

Small Businesses Deductions Credit and Collections Law Firms 75

Emagia

JUNE 19, 2023

Credit Invoice Contrary to other types of invoices on this list, credit invoices are used to provide money to someone rather than to seek it. Debit Invoice Debit invoices, unlike credit invoices, are issued by the customer when they have been underbilled. Businesses use debit invoices in such situations.

AR Automation 52

AR Automation Past Due Invoices Accounts Receivable (AR) Days Sales Outstanding 52

Fundera

AUGUST 24, 2020

A law firm, for example, can do more than just work with car accident victims in Philadelphia. Finally, you need to market your product, collect feedback based on your marketing, and re-tool accordingly. As the business grows, it can broaden its niche to cater to new opportunities. Promote Your Product or Service.

Law Firms 79

Law Firms Credit Card Payments Small Businesses Credit and Collections 79

Fundera

MARCH 19, 2019

Department of the Treasury to represent taxpayers before the IRS for tax issues including audits, collections, and appeals. Department of the Treasury to represent taxpayers before the Internal Revenue Service (IRS) for tax issues including audits, collections, and appeals.” ” What Does an Enrolled Agent Do?

Credit and Collections 52

Credit and Collections Law Firms Investment Firms Small Businesses 52

Fundera

AUGUST 7, 2019

In some cases, such as a physician’s office or law firm, it’s clear that a PLLC can be formed, but other cases might not be as clear. On a day-to-day basis, the members might manage the PLLC collectively. Keep in mind that all owners in the business must be licensed. Charlton M. This is called a member-managed LLC.

Law Firms 54

Law Firms Credit and Collections Transactions 54

Pactola

JULY 20, 2020

TransUnion is reporting that around three million auto loans and 15 million credit cards are in some forbearance plans. This has the impact of moving credit scores higher at a time when payments are not being made. First you can move staff you have internally to manage the problem credits. Black Knight reports that 4.75

Default 40

Default Law Firms Credit Scoring Credit and Collections 40

Fundera

AUGUST 24, 2020

Debt collection letter. Everything in the Premium plan plus 2 contract reviews (15 pages or less), $50 credit per month for custom document drafting. As we’ll explain in more detail below, BizCounsel offers a variety of subscription plans. Promissory note. Cease and desist. Employment agreement. Demand letter. Website privacy policy.

Law Firms 52

Law Firms Small Businesses Debt Collections Credit and Collections 52

Fundera

SEPTEMBER 11, 2019

In other states, employers can’t discriminate against an employee or job applicant based on their credit history. Only some EPLI insurers provide coverage against claims related to these laws. Union disputes: Claims arising from labor relations disputes or collective bargaining agreements aren’t covered by EPLI.

Insurance Companies 54

Insurance Companies Law Firms Deductions Small Businesses 54

Due

MAY 18, 2024

People interested in this job will need to have experience already, and the job description would largely depend on the law firm you may be working for, the type of law practice, and the level of qualifications needed. Make sure to have a collection of references for previous work you’ve done to show people your experience.

Law Firms 52

Law Firms Credit and Collections 52

RMAi Blog

APRIL 4, 2023

Based in Bonita Springs, FL, TRAK is a leading provider of outsourced legal recoveries to credit issuers and financial institutions. TRAK’s national legal network of law firms collects hundreds of millions in charged-off receivables on behalf of blue-chip clients annually.

Law Firms 100

Law Firms Credit and Collections 100

RMAi Blog

APRIL 9, 2025

Arum Global, a leading provider of collections and recoveries transformation services, has joined the Receivables Management Association International (RMAI) as part of its strategic expansion in the United States. About Arum Global Arum has been a global leader in collections and recoveries for 25+ years.

Law Firms 130

Law Firms Credit and Collections 130

RMAi Blog

MARCH 14, 2025

Additionally, it aims to explore methods for identifying and addressing debts incurred through coercion, assess the responsibilities of entities furnishing credit information, and review the current dispute resolution process. This exemption will not reduce or exclude any other exemption provided under state or federal law. New York A.1356

Collector 130

Collector Credit and Collections Law Firms Default 130

RMAi Blog

APRIL 14, 2025

The letter specifically noted several proposals including restrictions on creditors and consumer reporting agencies concerning medical information (Regulation V), credit card penalty fees (Regulation Z), identity theft and coerced debt provisions, data broker practices under Regulation V, and more. View RMAIs data broker comments here.

Collector 130

Collector Credit and Collections Debt Collections Default 130

Fundera

APRIL 14, 2018

And if someone successfully sues your business—not something any business owner wants to think about, but it could happen—your business entity structure determines what assets they can collect on. It’s harder to build business credit without a registered business entity.

Deductions 76

Deductions Small Businesses Law Firms Credit and Collections 76

Fundera

DECEMBER 12, 2019

A limited liability partnership is a special type of partnership typically reserved for law firms, doctor’s offices, accounting firms, and other professional service businesses. Shareholders collectively own the business, but don’t directly engage in company decision making. Limited Liability Partnership (LLP).

Deductions 72

Deductions Law Firms Default Credit and Collections 72

Fundera

DECEMBER 20, 2018

This is a special type of partnership typically reserved for law firms, doctor’s offices, accounting firms, and other professional service businesses. Shareholders collectively own the business, but don’t directly engage in company decision making. Their liability is limited to the size of their investment.

Deductions 56

Deductions Law Firms Default Credit and Collections 56