Sun.Jun 12, 2022

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CFPB Report Highlights Experiences of Military Families with Medical Billing, Credit Reporting, and Debt Collection

Consumer Finance

Today, the Consumer Financial Protection Bureau (CFPB) released its annual report on the top financial concerns facing servicemembers, veterans, and military families, based on the complaints they submitted to the CFPB. Servicemembers told the CFPB about billing inaccuracies and that debt collectors used aggressive tactics to recover allegedly unpaid medical bills.

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Attempting Debt Collection Efforts After a Debtor Files for Bankruptcy

FFGN COLLECT NY

Are you or your collection attorney attempting debt collection efforts even though the debtor filed for bankruptcy? If so your collection attorney is exposing you, the law firm, and themselves to personal liability for a money judgment that could far exceed your claim. Enforcing a claim and/or a judgment against an entity or individual who has an active bankruptcy pending or who has received an order discharging them from liability is more than a bad idea.

Debtor 52
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Why Outsource Insurance Claims Recoveries

Debt Recoveries

I’d like to discuss the prospect of outsourcing insurance claim recoveries to a debt collection professional as part of the Insurance Claims Recoveries Blog Series. . Why would a corporation outsource this element of the claims process? What are the causes for this, and what are the advantages? . The biggest benefit, of course, is that by outsourcing to a professional debt collection firm, insurance companies can profit from increased returns and a lower claims-to-premium ratio. .