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Daily Digest – October 11. Judge Grants Sanctions Against Pro Se Plaintiff in FDCPA Case; Healthcare Providers Sued for Sending Confidential Medical Info to Collection Agencies

Account Recovery

Judge Grants Sanctions Against Pro Se Plaintiff in FDCPA Case Healthcare Providers Sued for Sending Confidential Medical Info to Collection Agencies CFPB Sues Lender for Failing to Submit Accurate Data 26 Companies Seeking Collection Talent WORTH NOTING: Mary Lou Retton is fighting for her life after contracting a very rare form of pneumonia … (..)

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4 Ways To Remove Collections From Your Credit Report

Better Credit Blog

A collection account will lower your credit score and can generally stay on your credit report for up to seven years. Often, a collection entry will even keep you from getting a mortgage or securing an auto loan, which is why it’s important to do all you can to remove collections from your credit report quickly.

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Medical Collection Removals Have Little Impact on FICO Scores

Fico Collections

Medical Collection Removals Have Little Impact on FICO Scores. Based on FICO’s analysis, only 3% of FICO scorable consumers would be impacted by medical collection removals. This debt often arises from unforeseen events, and can be exacerbated by complicated, and at times confusing billing practices in the healthcare industry.

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Making Medical Credit Reporting Harder is a Disaster in the Making

Nexa Collect

We all agree that healthcare costs in the USA are extremely high. Credit bureaus will soon stop reporting medical debts lower than $500, remove medical line items that have been fully paid, and collection agencies now have to wait for 1 year before medical debts can be reported. But all this is changing only for medical debts.

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Startling rise in construction firm recovery loan defaults

UK debt collections

It also signals a potential wave of Debt Collection action from creditors to recover what is owed. The warning comes from accountant Price Bailey after analysing data from lender the British Business Bank following a Freedom of Information Act request.

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How a Debt Collection Agency Can Help Your Cash Flow

Credit Management Company

Everything from waste and inefficiency to poor sales and conversions can cause this problem, but the failure of clients or customers to pay what they owe is a unique issue with a clear and effective solution: professional debt collection. Types of Businesses that Benefit from Debt Collection. Return on Investment.

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Finvi’s Katabat Solution Chosen by Harmoney to Support Multiple Loan Management Platforms

Katabat

We look forward to helping Harmoney improve its collections efficiency, with smarter, more-effective strategies, increase customer satisfaction with personalized treatment strategies, and ultimately, collect more,” said Tim O’Brien, Chief Executive Officer at Finvi. “By Visit Finvi to learn more.

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