Trending Articles

article thumbnail

Survey: 9 in 10 Americans with Medical Debt Believe It Shouldn’t Impact Credit Scores

Account Recovery

Put on your surprised faces … a new survey from Debt.com highlights growing concern among U.S. consumers about the impact of medical debt on their credit reports, with 9 in 10 Americans agreeing that medical debt should not appear on credit reports. This opinion comes just months after the Consumer Financial Protection Bureau implemented a rule to remove medical debt from credit reports.

article thumbnail

Q1 Industry Insights: Started Strong, But “Considerable Turbulence” Leaves Consumers on Edge

True Accord

What do canceled hair appointments and increased lipstick and beer sales have in common? These untraditional indicators, among other discretionary expenditure trends, often show consumer sentiments around finances well before a recession hits. Coming out of 2024, the average U.S. household owed $11,303 on credit cards, and while credit card charge-off rates and delinquencies both declined slightly, experts are not declaring a definitive turnaround given the ongoing economic uncertainties and hig

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

The Real Cost of Doing Nothing

Burt and Associates

Why Professional Debt Collection Matters: The Real Cost of Doing Nothing Many businesses hesitate to escalate when clients dont pay, but inaction can be far more expensive than most realize. Every business owner needs to know how to collect commercial debt correctly. Table of Contents The Hidden Impact of Unpaid Invoices The Myth of the ‘Quick Fix’ Smart Steps to Recover Business Debt Why Work with Burt and Associates?

article thumbnail

Strategies to Improve Medical Billing Collection Results

PDC Flow

Medical billing collection is a challenging business. Whether you are a debt collection agency, an extended business office, or the accounts receivable department that manages healthcare collections, many struggles are the same. Bad medical collection practices can damage a healthcare facilitys reputation. Bad internal communication can impact medical billing collection results.

article thumbnail

Agent Tooling: Connecting AI to Your Tools, Systems & Data

Speaker: Alex Salazar, CEO & Co-Founder @ Arcade | Nate Barbettini, Founding Engineer @ Arcade | Tony Karrer, Founder & CTO @ Aggregage

article thumbnail

50+ Commercial Debt Statistics

The Kaplan Group

Business debt in the U.S. has surged over the past five yearsfueled by pandemic disruptions, stimulus borrowing, and a volatile interest rate environment. As refinancing costs rise and payment behavior worsens, companies face mounting financial pressure across sectors. This roundup captures the most important statistics and trends shaping the commercial debt landscape in 2025.

More Trending

article thumbnail

Why Would My Debt Collection Lawyer Convey a Low Offer?

FFGN COLLECT NY

Wondering why your lawyer would convey a debtors low offer? Doesnt your debt collection lawyer have your best interests in mind? There are times when an offer is downright insulting. I hate to relay low-ball offers. In a recent case, I shared an offer with my client that was so low that they asked if I was working for the other side. Knowing the offer was paltry, why did I share it?

Lawyers 52
article thumbnail

What to Do When a Big Client Owes You Money but You’re Afraid to Push Them

JMA

What to Do When a Big Client Owes You Money but You’re Afraid to Push Them You’ve landed that dream client, delivered exceptional work, and sent your invoice. Now comes the hard part waiting for payment that never seems to arrive. If you’re hesitating to follow up because this client represents a significant portion. Read more » The post What to Do When a Big Client Owes You Money but You’re Afraid to Push Them appeared first on JMA Credit Control.

52
article thumbnail

Security, Scalability, Sustainability: CreditManager migrated to Microsoft Azure 

On Guard

Imagine you log in to CreditManager , expecting your usual routine. But somethings different: even faster response times and drastically reduced import times. You didnt change anything, but behind the scenes, a major shift has taken place! In late March, we completed the migration of CreditManager from our private cloud setup to Microsoft Azure. Test, Acceptance and Production environments are now all running on Azure.

52
article thumbnail

New Survey: 93% of Companies See Revenue Loss from Late Payments—Some Lose Over 10%

The Kaplan Group

In todays tight economy, one of the biggest threats to growth is slow paymentnot just losing customers or market share. An exclusive new 2025 survey from The Kaplan Group reveals the significant revenue and cash flow risks businesses face from delayed paymentsparticularly for mid-sized firms and industries like SaaS, healthcare, and professional services.

article thumbnail

Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

article thumbnail

Appeals Court Reverses Ruling in FCRA, RFDCPA Case

Account Recovery

The Court of Appeals for the Ninth Circuit has reversed a ruling in a Fair Credit Reporting Act and Rosenthal Fair Debt Collection Practices Act (Rosenthal Act) case over whether information that was furnished to the credit reporting agencies was accurate enough. This decision comes after a lawsuit was filed by the plaintiff over inaccurate loan reporting.

article thumbnail

Collecting judgments in Massachusetts: How we turn your judgments into payments

Collections Law

At the Law Offices of Alan M. Cohen & Associates LLC, our lawyers have dedicated their careers to commercial debt collection for businesses in Massachusetts. Our commercial collections lawyers are aggressive in their efforts, relentless in their strategies and ethical in their practices. With over 60 years of combined experience, our attorneys are committed to fighting for your right to get paid.

article thumbnail

WARNING: These 7 Debt Collection Myths Are Silently Killing Your Profits

JMA

WARNING: These 7 Debt Collection Myths Are Silently Killing Your Profits Is your business bleeding money because of unpaid invoices? You’re not alone. Every year, small businesses across the country lose thousandssometimes tens of thousandsdue to clients who don’t pay on time, or at all. But here’s the kicker: Much of this financial bleeding is.

article thumbnail

Barron & Newburger’s Latest Risk Management Guidance

BN Lawyers

Heres the latest risk management guidance, published in March 2025, from B&Ns Attorneys Risk Management practice group. BN – Tip of the Month – Be Cautious When Seeking to Withdraw: Confidentiality Still Applies – March 2025 The post Barron & Newburger’s Latest Risk Management Guidance appeared first on Barron & Newburger, P.C.

40
article thumbnail

Future-Proof Your Firm: Smarter Tech for Stronger Returns & Simpler Workflows

Speaker: Joe Wroblewski, Senior Sales Engineer

Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!

article thumbnail

Choosing Your First Credit Card

Credit Corp

Opening your first credit card is a major financial milestoneand an important step toward building your credit profile. For many of us, credit cards can seem overwhelming at first. With so many offers, fine print, and flashy perks, it’s not always easy to figure out which card is the right fit for your lifestyle and goals. If youre ready to take the leap, here are the key things to consider when choosing your first cardwithout getting lost in the jargon. 1.

article thumbnail

FCC Takes Steps to Close Robocall Loophole

Account Recovery

The Federal Communications Commission yesterday took another step in its ongoing battle against illegal robocalls by moving to address the non-IP network loophole, which has allowed robocallers to bypass authentication tools that protect consumers. Why it matters: Robocalls continue to burden consumers, draining millions from the economy annually due to fraud and wasted time.

Banks 130
article thumbnail

Tenth Circuit Finds That Invitations to Town Halls Regarding Covid-19 Triggered the TCPA’s Emergency Purposes Exception; Declines to Determine Whether a Municipality is a “Person” Under the TCPA

TCPA

In a case analyzing whether invitations to town hall meetings regarding COVID-19 were exempted from liability by the TCPAs emergency purposes exception, the Tenth Circuit declined to address whether a municipality is a person under the TCPA. The case, Silver v. City of Albuquerque, — F. 4th —, 2025 WL 1173558 (10th Cir.

52
article thumbnail

Should You Focus on Debt Collection or Cash Flow? (The Answer Will Surprise You)

JMA

Should You Focus on Debt Collection or Cash Flow? (The Answer Will Surprise You) Ever stared at your aging receivables report and felt that knot in your stomach tighten? You’re not alone. For small business owners across Australia, the question burns hotter than ever: “Should I drop everything to chase these overdue invoices, or invest. Read more » The post Should You Focus on Debt Collection or Cash Flow?

article thumbnail

Operational Strength Starts with People: The New Rules of Finance Leadership

Speaker: Melissa Hurrington

What’s holding finance teams back isn’t just process inefficiency. It’s culture gaps, reactive mindsets, and missed opportunities to lead real change. In an era of disruption, finance leaders can no longer afford to operate on autopilot and the most resilient teams aren’t just efficient—they’re connected, talent driven, and culture-focused. Join Melissa Hurrington for an exploration into how finance leaders can evolve beyond process and numbers to create adaptive, people-powered teams that thriv

article thumbnail

Patient Access and Healthcare Costs: A Growing Divide

Account Recovery

What You Need to Know: The Cost of Healthcare: A Key Friction Point Whats happening:Cost remains a significant barrier for many patients, with 60% of them struggling to afford their care. 29% report a worsening ability to pay for healthcare compared to the previous year. This is exacerbated by 51% of patients who say they dont fully understand their insurance coverage or the costs involved before receiving care.

article thumbnail

Oregon Senate Approves Medical Debt Credit Reporting Bill

Account Recovery

Oregon is the latest state attempting to fill the void being left by the Consumer Financial Protection Bureau with a medical debt credit reporting and collection bill, which this week passed the state Senate. Driving the news:The Oregon Senate on Wednesday passed Senate Bill 605, which prohibits medical providers, hospitals, and debt collectors from reporting medical debt to consumer credit reporting agencies.

article thumbnail

N.Y. State Appeals Court Affirms Dismissal for Lack of Standing

Account Recovery

There isn’t a ton of background and the ruling itself is also on the brief side, but what it says is probably more important than how it says it. A New York state Appeals Court has affirmed the dismissal of a Fair Debt Collection Practices Act case on the grounds that the plaintiff did not have standing to sue. Given the trend of plaintiffs filing these types of cases in state court over federal court because federal judges are holding firm on plaintiffs needing to have suffered a concrete

article thumbnail

Consumer Interest in Bankruptcy Surges, Signaling Potential Wave of Filings

Account Recovery

Bankruptcy inquiries in the U.S. surged to their highest levels in five years during the first quarter of 2025, signaling a potential increase in filings this summer, according to data published last week by LegalShield. The data highlights the growing financial strain on households, with mounting debt, rising delinquencies, and inflationary pressures due to tariffs contributing to an impending wave of bankruptcies.

article thumbnail

Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

article thumbnail

Compliance Digest – April 28

Account Recovery

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management Turnkey Speech Analytics. And Our New BLG360 Program Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.

Judgment 130
article thumbnail

Payments Fraud Continues to Surge, While Checks Make Comeback

Account Recovery

The latest data from the 2025 AFP Payments Fraud and Control Survey reveals an alarming rise in payments fraud, with 79% of organizations reporting they were victims of fraud attempts or attacks in 2024. This figure, though slightly down from the previous years 80%, underscores the ongoing vulnerabilities businesses face in todays digital and paper-based payment environments.

130
130
article thumbnail

Washington Gov. Signs Medical Debt Credit Reporting Bill Into Law

Account Recovery

Washington Gov. Bob Ferguson yesterday signed a medical debt credit reporting bill into law. Senate Bill 5480 officially prohibits the reporting of medical debt to consumer credit agencies. 🧠 Whats new: The new law will take effect on July 27, and mirrors a now-paused federal rule from the Consumer Financial Protection Bureau. It aims to shield Washington consumers from the long-term financial damage of medical debt by rendering such debt void and unenforceable if it is reported to a cre

article thumbnail

Daily Digest – April 25. Collector Facing FDCPA Class Action Over Issues With Initial Notice; N.Y. State Appeals Court Affirms Dismissal for Lack of Standing

Account Recovery

Collector Facing FDCPA Class Action Over Issues With Initial Notice N.Y. State Appeals Court Affirms Dismissal for Lack of Standing Oregon Senate Approves Medical Debt Credit Reporting Bill Payments Fraud Continues to Surge, While Checks Make Comeback WORTH NOTING:I hope what you read here and on AccountsRecovery is at least part of the content you trust because, according to this survey, a lot of people don’t believe what they see and read anymore … I’m generally not a fan of

147
147
article thumbnail

How to Achieve High-Accuracy Results When Using LLMs

Speaker: Ben Epstein, Stealth Founder & CTO | Tony Karrer, Founder & CTO, Aggregage

When tasked with building a fundamentally new product line with deeper insights than previously achievable for a high-value client, Ben Epstein and his team faced a significant challenge: how to harness LLMs to produce consistent, high-accuracy outputs at scale. In this new session, Ben will share how he and his team engineered a system (based on proven software engineering approaches) that employs reproducible test variations (via temperature 0 and fixed seeds), and enables non-LLM evaluation m