Nexa Collect

JANUARY 14, 2023

The US government has thrown a slew of laws on collection agencies, making bad-debt recovery harder and costlier. Lower recoveries mean, low recoveries and extensive loss for businesses and doctors. Read: Making Medical Credit Reporting Harder is a Disaster in the Making.

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Debt Recovery Government Collection Agencies Collections Agency 130

Nexa Collect

APRIL 27, 2022

Anyway, back to our core topic of medical debts and credit reporting of medical bills, and here are our own thoughts on this. Reporting all unpaid bills, regardless of the balance, to credit bureaus as the final step does two main things. How is medical debt different from any other bill?

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Healthcare Credit Unions Credit Unions Creditors 130

Collection Industry News

MARCH 30, 2025

billion in 2029 at a compound annual growth rate CAGR of 3.2%, the forecasted growth can be attributed to the upswing of digital commerce, increased lending by financial institutions, increasing credit card usage, international debt recovery, and expanded lending by financial institutions. From an expected value of $34.51

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Collection Agencies Collections Agency Collections Financial Institution 40

Better Credit Blog

APRIL 1, 2022

Especially in the current pandemic, COVID 19, medical bills, credit card bills, and other financial service bills may start to pile up. If you’re unable to pay your original creditor, your debt may pass to a debt recovery agency, earning a collection letter and possibly a stain on your credit report.

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Collections Fair Debt Collection Debt collector Creditors 52

Better Credit Blog

APRIL 5, 2022

The Fair Credit Reporting Act (FCRA) requires credit reporting agencies to show only accurate information about your credit history. If you can find inaccurate information, the credit bureau will have to fix the information. But when the agency buys your debt, it doesn’t pay the full amount.

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Collections Collection Agencies Collections Agency Original Creditor 98

Credit Corp

APRIL 28, 2025

The three major credit bureausTransUnion, Equifax and Experiankeep records regarding peoples credit history. Find out more about what information a credit bureau might have on file for you, how they get it, and how you can see it below. In This Piece What Are the Three Credit Bureaus?

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Lender Credit Bureau Creditors Retail 52