Showing posts from February, 2023

Credit Reporting

  A little about credit bureaus: CreditBureaus are agencies that keep credit reports on file for every consumer with a federally-issued social security number.   A credit report file contains information about an individual’s financial debt, including account numbers for current and past debts, loan types and terms and payment history.   If an individual defaults on loan payments, the creditor may opt to send a report of the late payment(s) to the credit bureaus so that it will be reflected in the consumer’s credit file.   If you are a small business with a few debtors, you will have to use a middleman and pay a fee to report to the credit bureaus.   Otherwise, you may join the credit reporting bureaus and report directly to them.   Credit Reporting with Casetrackerlaw If you are interested in reporting debtors to the bureaus, you can use Casetrackerlaw to send the bureaus a file.   Using the “Advanced Search/Update Report” or the “Claims Report”, enter your criteria and click V

Bonding Report: Insuring Your Claims

  CasetrackerLaw’s policy is that every claim that is forwarded to an attorney should be Bonded.    Under Manage Attorneys, Casetrackerlaw provides 6 organizations ( National List , Columbia List , General Bar , Forwarders List , ALQ List and eDebtNetWork List ) that will bond your claim/s before sending it to any attorney for collections.   Bonding a claim is the same as insuring it.   “The required bonds are a type of insurance agreement which guarantees reimbursement to the union for any financial losses caused by fraudulent or dishonest acts by officers or employees, such as theft, embezzlement, or forgery. The bonding requirements are not based on the idea that particular individuals or organizations are inherently dishonest. Rather, bonding is required because experience has shown that when people are entrusted with the money or property of another, there will be instances when individuals will cause a loss through fraud or dishonesty. Bonding is therefore required to insure

Triggered Reminders & Triggered Letters

  Save time, save money.  That is just one of our mottos.  The less clicks you need to make the more time is saved. Casetrackerlaw gives you the ability to set up a sequence of reminders with associated letters that can be assigned to any users.  These reminders are triggered when a specific Status Code is selected under the blue Status tab. In Settings, find Status Codes and click to view the list in order to add, edit or delete.  Click the icon to view the status code you want to update.  Here you can edit every element from the status code and type to setting up 4 triggered reminders and generating 4 triggered letters. For example: you are working on a new claim and you want to change the status, add a reminder and generate a demand letter.  You can do all of this with just a few clicks of the mouse.  Find and open the claim you want to update with a new status.  Click the blue claim tab Status, click the Claim Status dropdown menu to select a new claim status.  Select the status t

Deleting In-House Users

Staff members come and go.   Casetrackerlaw gives you an easy way to remove your users/collectors/admins with a few clicks of the mouse.   Only Super Admin can do this. Before you can remove a user, you must transfer any assigned claims and assigned reminders.   To do this, go to Manage Collectors located under the red dashboard. Click the gray button “Transfer Claims” From:   select the collector To:       select the collector Filter By Creditor: All Creditors Select Status Type: None Click “Transfer” The next screen displays a list of the claims to transfer.  Check the boxes next to the claims you want to transfer. There is a question at the bottom of this list: Would you like to transfer Reminders?  If you click Yes to transfer reminders, the claims and the reminders for those claims will be transferred. This next step will not need to be done if you selected Yes to transfer the reminders. Click the gray button Transfer Reminders, select From and To, click

Creditors – How to Set Them Up

Your creditors are your lifeline to business.  You want to confirm that how you set them up in your system is correct the first time so there are no surprises later on down the road after you’ve entered data. The interest rate and the collection rate and how these 2 calculate are crucial for accurate accounting. Manage Creditors is located in the red access links under the red dashboard. Click the gray Add Creditor button and the creditor contact form appears. Enter all the regular information about your creditor; name, address, phone, email etc.…there are 3 email fields that can be populated with the email addresses of the staff members that require updates on the claims that are being worked on.   Next is the “Default Payment Remit Type” field.   How are payments going to be remitted, Gross or Net?   Next is “Default Claim Payment Allocation”; how will the payment be allocated? CT has 6 options to choose from.   IPC, ICP, CIP, PCI, CPI, PIC (Principal, Interest & Cost) Next
  Remits: Printing a Check Instructions Once a payment is posted to a claim and you select a remit date, that claim will appear in the Remits tab on the red Dashboard. Click the Remits tab on the red Dashboard and click All Remits, Todays Remits or Past Due Remits. Click the Creditor column so the claims are sorted by creditor Check the box or boxes that you want to include in the printed check Click Print 1 Check Per Creditor – the next screen will be the Check Page Setup 1. Select the check layout 2. Save a check image on your computer that you will upload and save 3. Click Continue to Layout This screen displays your check and the layout selected on the previous screen. You can drag and drop the text on the check to the spot that works best with the check you have uploaded. Follow the directions posted on this screen.   (Scan a copy of your check and print a few test checks to use for this process.   You don’t want to test on real checks) You will also ne
  Remitting to Your Client Before you can remit to your clients, you need to make sure that the collection rate is set when the claim is submitted.   The collection rate will determine how much money will be withheld from the client. You have collected money and posted the payment to the claim as a Net payment with a remit date and now you want to remit to your client. Click the “Remits” link on the red dashboard.   Unconfirmed Remits appears with a list of remits that are due.   There are several options in order to view the remit list you need; All Remits, Todays Remits, Past Due Remits or you can Pick a Date.   Once you have the list you need, place a checkmark in the box or boxes next to the payment/s you want to remit on.   At the bottom of the screen, you will click the “Print 1 Check Per Creditor” button.   The next screen is where you set up your check image if you plan on printing checks via the system.   If not, all you will need to do on this screen is click the Confir