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. Our government’s intention behind these laws is not wrong, but the ground reality is different. .
UK debt collections
JUNE 15, 2022
It also signals a potential wave of Debt Collection action from creditors to recover what is owed. The default rate in construction is 2.5% – more than twice the default rate of some other sectors, such as arts and entertainment (1.3%) and healthcare (0.8%). Defaults on CBILS are an early warning of likely insolvencies to come.
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Nexa Collect
APRIL 27, 2022
We all agree that healthcare costs in the USA are extremely high. Anyway, back to our core topic of medical debts and credit reporting of medical bills, and here are our own thoughts on this. Inform future creditors about bills on which a person has defaulted so that they can access their own risk to lend money to that person or not.
PDC Flow
MARCH 9, 2021
As accounts receivable professionals know, early out collection (also known as pre collection) is a typical practice to resolve healthcare bills. Managing administrative staff and chasing down payments can be a big job for a hospital system or other healthcare practice. What is Early Out Collection? Patient Relations.
Credit Management Company
FEBRUARY 22, 2022
Read on to discover all you need to know about debt collection agencies. Myths About Using a Collection Agency: Paying the Original Creditor to Bypass Agencies. Many people believe they can get around dealing with debt collection agencies by paying their original creditors directly.
Better Credit Blog
APRIL 5, 2022
If they are unable to validate the debt, you can ask them to remove it from your credit report. When your original creditor can’t collect your past-due balance, it’ll sell your debt to a debt collection agency which means you now owe the money to the agency. Original Creditor Vs. Collection Agency.
Better Credit Blog
AUGUST 7, 2020
If you have been contacted by a company called Professional Finance Company, you are probably being pursued for an old unpaid debt. This can make for unpleasant interactions with creditors and constant harassment for payment. They are a legitimate company and are currently headquartered in Greeley, CO.
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