Account Recovery
NOVEMBER 29, 2022
A company that is offering consumers credit in the form of zero-interest, fee-free payments on their medical debts has raised $220 million to expand its operations and grow its business faster. The post Healthcare Fintech Raises $220M To Offer Zero-Interest Payment Plans to Consumers appeared first on AccountsRecovery.net.
Account Recovery
JANUARY 11, 2023
The Governor of New York yesterday announced a number of healthcare-related proposes during her State of the State address, including a plan to include medical debt in the state’s Consumer Credit Fairness Act.
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Nexa Collect
JUNE 18, 2023
Here are some points to consider regarding the impact of medical debt default on the patient’s credit scores: Reporting to Credit Bureaus : When a medical debt goes unpaid for an extended period, the healthcare provider may send the account to a collection agency. However, not all collection agencies will agree to this.
Account Recovery
NOVEMBER 7, 2023
Here’s a shocker … removing medical debt tradelines from consumers’ credit reports has led to fewer consumers having medical debts on their credit reports and improved the credit scores of individuals who used to have medical debts on their credit reports, according to a published report.
Collection Industry News
MAY 23, 2022
– Come July 1, 2022, paid medical collection debt won’t be used for credit scores and unpaid medical debt won’t appear for a full year, according to the three main credit reporting agencies (NCRAs) – Equifax, Experian and TransUnion. The move follows months of industry research.
Collection Industry News
JUNE 28, 2021
recommended a series of actions to protect consumers’ credit scores, provide patients with more information about financial assistance and coverage options, and give them more time to dispute or resolve debts before they are sent to collections. Chris Murphy (Conn.) and Chris Van Hollen (Md.)
Sawin & Shea
NOVEMBER 1, 2023
Rising healthcare costs are continually leaving thousands of Americans drowning in medical debt. In fact, medical debt is one of the most common types of debt reported on consumer credit reports. According to the Consumer Financial Protection Bureau, consumer credit reports show $88 billion in medical debt as of June 2021.
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