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CFPB Weighs Ban On Medical Debts In Credit Reports

Collection Industry News

Chopra, who was confirmed in October as the agency’s director. Doctors and hospitals typically don’t report late payments directly to credit bureaus, but they may eventually send past-due accounts to outside collection agencies. If patients can’t pay the bill, the bill collectors may report the debt to the credit bureaus.

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Payment Workflow Examples to Increase Business Cash Flow

PDC Flow

Many companies that accept B2B payments – or provide their goods and services before collecting payments – need to think about the full customer journey, including billing workflows. A workflow is any repeatable process your business uses to get contracts signed, invoices delivered, and payments approved and collected.