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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. Most doctors (and dentists) who do private practice, struggle to cope with never-ending government regulations and mandates, a constant fear of frivolous lawsuits, dealing with insurance companies, and loss due to unpaid patient bills.

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

Katabat

About Finvi For more than 40 years, Finvi has been the premier provider of enterprise technologies that streamline and accelerate revenue recovery for clients across healthcare, government, accounts receivable management, and financial institutions.

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Economic Effect of COVID-19 Shutdowns and Paycheck Protection Program Relief

Burr Forman

Physician practices and other healthcare providers were among the hardest hit, effectively closing in most states for seven weeks (or more), coupled with elective procedures at a virtual standstill. The application provides a step-by-step worksheet to help borrowers determine whether this forgiveness amount reduction could apply to it.

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CFPB Weighs Ban On Medical Debts In Credit Reports

Collection Industry News

Credit reports and scores are used by lenders to determine if you qualify for a loan, and what interest rate you pay. Be aware, however, that not all lenders use the updated credit scoring systems, she said. Mortgage lenders, in particular, may use older versions that don’t treat medical debt differently.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Federal Activities: On September 18, 2020, the Federal Reserve Board updated its frequently asked questions (FAQs) to clarify the Board’s and Department of Treasury’s expectations for lenders underwriting the Main Street Lending Program. For more information, click here.

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Top 5 Scores Posts of 2022: Steady FICO Score, BNPL and Alternative Data

Fico Collections

While the BNPL product offers consumers some attractive features, it is essential that both lenders and consumers alike understand the potential impact these BNPL loans could have on consumers’ credit scores. We all know that having a higher credit score helps a consumer gain access to credit and get better terms from a lender.

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How To Remove Penn Credit from Your Credit Report

Better Credit Blog

If you forgot to pay a bill or you’ve gotten behind on payments to a lender or service provider, it can have some nasty effects on your credit. Agencies like Penn either purchase debts from lenders and service providers at a low rate or they are employed by the creditor and receive a percentage of payments that are successfully collected.