Creditor Collections Today

Study Debunks Impact of Medical Debt Forgiveness on Consumers

Account Recovery

APRIL 9, 2024

A study published yesterday by the National Bureau of Economic Research questioned the effectiveness of medical debt forgiveness, concluding that individuals who had some or all of their medical debts eliminated did not see any improvement in their mental health or their credit scores.

Healthcare

Study Sheds Light On Shifting Consumer Payment Preferences

Account Recovery

FEBRUARY 1, 2022

Following up on yesterday’s article about how consumer payment trends are changing and continuing to push more toward digital channels and away from checks and cash is another study that reveals that three-quarters of consumer payments will be handled by non-traditional financial services institutions by the end of this decade, up from 60% just (..)

Financial services

15M Could Lose Medicaid Coverage When Pandemic Ends: Study

Account Recovery

SEPTEMBER 21, 2021

When the federal government declares the COVID-19 public health emergency to finally be over, as many as 15 million individuals could lose their health insurance coverage through Medicaid, according to a new study, which would likely result in a lot more medical debt to be collected for the accounts receivable management industry.

Accounts Receivables Management

Accounts Receivables Management Government Collections Healthcare

COVID-19 Linked to Financial Issues for Patients: Study

Account Recovery

MAY 2, 2023

A study, published in the Journal of Hospital Medicine has linked individuals who tested positive for COVID-19 with having more debts that were placed with a collection agency and being more likely to have a lower credit score, regardless of whether the individuals were treated at a hospital or not.

Collection Agencies

Collection Agencies Collections Agency Collections Healthcare

When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

Case Study Franklin Mint) With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.

Collections

Daily Digest – April 9. Plaintiff Pre-Emptively Asserts Defendant Can’t Claim BFE in FDCPA Complaint; Study Debunks Impact of Medical Debt Forgiveness on Consumers

Account Recovery

APRIL 9, 2024

Plaintiff Pre-Emptively Asserts Defendant Can’t Claim BFE in FDCPA Complaint Judge Grants MSJ For Defendants in FCRA Claim, But Denies Motion on FDCPA Claim Study Debunks Impact of Medical Debt Forgiveness on Consumers Navigating the Future of Healthcare Payments WORTH NOTING: Photos from yesterday’s eclipse … A 58-year-old grandmother (..)

Healthcare

Study Breaks Down Medical Debt Problem Across the Country

Account Recovery

JUNE 16, 2022

The poll was accompanied by a … The post Study Breaks Down Medical Debt Problem Across the Country appeared first on AccountsRecovery.net.

Healthcare

Study Calls Out Wisconsin Hospitals For Filing More Suits Against Minorities

Account Recovery

DECEMBER 7, 2021

Hospitals in Wisconsin filed 37% more collection lawsuits in 2018 than they did in 2001 and obtained garnishments in more than half of their cases, while also disproportionately suing individuals living in low-income neighborhoods and who are African-American, according to the results of a study that was published yesterday in Health Affairs.

Garnishment

Garnishment Collections Healthcare

Student Loan Debt Leads to Higher Chance of Heart Problems Later in Life: Study

Account Recovery

MAY 18, 2022

A study that has been published in the American Journal of Preventive Medicine gives companies in the accounts receivable management industry that collect on student loan debt another arrow in their quiver to convince individuals to pay off their debts — if you don’t do it, you have a higher risk of being diagnosed with … The post (..)

Student loans

Student loans Student Loans Loans Accounts Receivables Management

Bad PR Leads to ‘Substantial’ Decrease in Medical Collection Suits: Study

Account Recovery

SEPTEMBER 7, 2021

The influx of media reports aimed at spotlighting “aggressive” collection efforts by hospitals and healthcare networks has led to a “substantial” decline in the number of lawsuits filed against individuals with unpaid healthcare debts, according to a new study.

Healthcare

Healthcare Collections

Study Busts Robocall Myths

Account Recovery

AUGUST 20, 2020

million robocalls sent to … The post Study Busts Robocall Myths appeared first on AccountsRecovery.net.

15% of All Adults Carrying Past-Due Medical Debt: Study

Account Recovery

MARCH 14, 2023

The report also disclosed than about 15% of all non-elderly adults living in the United States are carrying some amount of past-due medical debt and … The post 15% of All Adults Carrying Past-Due Medical Debt: Study first appeared on AccountsRecovery.net.

Collection Agencies

Collection Agencies Collections Agency Collections Healthcare

Financial Situation Getting Worse for Consumers; Study Details Debt Sources, Plans to Pay it Off

Account Recovery

JULY 29, 2022

To make the situation even more dire, 43% of individuals expect to add to their current … The post Financial Situation Getting Worse for Consumers; Study Details Debt Sources, Plans to Pay it Off appeared first on AccountsRecovery.net.

Consumer Credit

Study Reveals Financial Burden Carried by Older Americans Due to Lack of Insurance

Account Recovery

SEPTEMBER 20, 2023

More than one-quarter of Americans over the age of 65 — an age when most people are in need of increased medical care — don’t have any form of health insurance, according to a study released by Oregon Health & Science University. This leaves many elderly Americans one medical bill away from financial ruin.

Healthcare

Bankers Org. Publishes Study to Combat Credit Card Late Fee Push by CFPB

Account Recovery

APRIL 11, 2023

Publishes Study to Combat Credit Card Late Fee Push by CFPB first appeared on AccountsRecovery.net. Publishes Study to Combat Credit Card Late Fee Push by CFPB appeared first on AccountsRecovery.net. More than three-quarters … The post Bankers Org. The post Bankers Org.

Amount of Medical Debt Placed with Agencies Nearly Doubles in Five Years, to $140 Billion: Study

Account Recovery

JULY 21, 2021

The amount of medical debt being worked by collection agencies across the country is $140 billion, according to a study published yesterday in the Journal of the American Medical Association (JAMA), which is twice as much as was estimated just five years ago.

Collection Agencies

Collection Agencies Collections Agency Collections Healthcare

Healthcare Providers Must Prepare for ‘New Normal’: Study

Account Recovery

OCTOBER 22, 2020

Healthcare providers must start bracing for a “new normal” that represents a lower number of patients once the coronavirus pandemic is over, according to a recently released study.

Healthcare

One-Third of Consumers Find Errors on Credit Reports: Study

Account Recovery

JUNE 11, 2021

More than one-third of individuals participating in a study organized by Consumer Reports found at least one error on their credit report, leading the advocacy group to call on furnishers — including debt collectors — to be required to follow stronger standards to ensure the accuracy of information contained in credit reports.

Debt collector

Cost Segregation Study: Claim Faster Property Depreciation in Your Taxes

Nexa Collect

FEBRUARY 28, 2021

The benefits of cost segregation studies and their reports consist primarily of accelerated tax deductions for depreciable property , refunds, deferred taxes, and catch-up tax deductions for properties placed in service years ago. What is Cost Segregation Study? How much does Cost Segregation study cost? contact-form-7].

Construction

Construction Manufacturing Acquisition

Consumers Living in Low-Income Neighborhoods Less Likely to Receive Financial Restitution When Complaining to CFPB: Study

Account Recovery

JANUARY 19, 2021

During the past four years, coincidentally linked with the start of the Trump administration, complaints filed by individuals with the Consumer Financial Protection Bureau that were resolved with the consumer receiving some form of financial restitution declined in neighborhoods where the majority of residents were minorities, according to a research (..)

Dementia Could Be Causing Poor Financial Decisions Years Before Diagnosis: Study

Account Recovery

DECEMBER 1, 2020

Individuals who develop dementia are “significantly” more likely to have debts that are delinquent or in collection and to have credit scores that decline to the point of being subprime years before they were diagnosed, according to the results of a study that were published yesterday in a medical journal.

Collections

Collections Healthcare

Study Shows Medical Debt Can Affect Your Health

Sawin & Shea

AUGUST 31, 2022

This is more than perception; it is a documented phenomenon, explored most recently in a 2021 research study from The Sycamore Institute. One NIH study notes that “access to green spaces has been viewed as a principal key to enhancing health and well-being.” Lack of necessary medical care. Speak to an attorney today at (317) 759-1483.

Chapter 13 bankruptcy

Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Unsecured Debt

Study reports consumers find courts fairer than arbitration

Public Citizen

JUNE 18, 2021

Contrary to the current prevailing emphasis on who’s winning in arbitration, our study establishes that consumers believe that the court is more just than arbitration, regardless of the outcome. The present study for the first time analyzes ex ante consumer perception of justice.

Grads Left Behind $3.75B in Free College Aid in 2021, Study Says

Nerd Wallet

JANUARY 24, 2022

The article Grads Left Behind $3.75B in Free College Aid in 2021, Study Says originally appeared on NerdWallet. The Class of 2021 left behind $3.75 billion in Pell Grant aid by not completing the Free Application for Federal Student Aid, or FAFSA. An estimated 813,000 students. Colin Beresford writes for NerdWallet.

Student loans

Student loans Student Loans Loans

How to Pick a Study Abroad Credit Card

Nerd Wallet

MAY 6, 2022

The article How to Pick a Study Abroad Credit Card originally appeared on NerdWallet. As you get their passport photo just right and find the perfect backpack for their adventure, consider what credit card they should bring as well. You can help your child to. Meg Lee writes for NerdWallet. Email: mlee@nerdwallet.com.

New study: Vaccines are "remarkably safe"

Public Citizen

JULY 28, 2020

As the world races to find a safe and effective vaccine against COVID-19, note a study published today in the Annals of Internal Medicine. The study reviewed all vaccines approved by the Food & Drug Administration for the 20-year period ending December 31, 2015. Read the whole study here.

Chandrasekher study finds lack of diversity among arbitrators

Public Citizen

NOVEMBER 27, 2021

" Despite this national attention, the number of rigorous empirical studies investigating diversity in arbitration is limited. The study has four main findings. However, the reason for this non-finding is that the study is statistically under-powered. arbitrators, basic facts about the demographic profile of U.S.

Lawyers

Lawyers Collections

Higher Amounts of Medical Debt Tied to Lower Physical Health, Higher Mortality: Report

Account Recovery

MARCH 12, 2024

A study has attempted to link the amount of medical debt to just how much sicker those individuals are, determining that a 1% increase in a population with medical debt yields 18.3 The study was published last […] more physically unhealthy days and 17.9 additional mentally unhealthy days in the past 30 days per 1,000 people.

Healthcare

CFPB Requests Comments on Plans to Study Electronic Disclosure on Mobile Devices

Troutman Sanders

SEPTEMBER 1, 2021

The CFPB intends to conduct several studies using methodologies rooted in psychology and behavioral economics to understand electronic disclosure on mobile devices. The CFPB is specifically seeking comments on matters related to the actual performance of the data collection, as opposed to the subject matter of the studies themselves.

Collections

Study: Checking Fees Average Almost $1,000 Over a Decade

Nerd Wallet

NOVEMBER 29, 0002

The article Study: Checking Fees Average Almost $1,000 Over a Decade originally appeared on NerdWallet. “I was in school at the time and was living off of loan money,” says Brown, who. Spencer Tierney writes for NerdWallet. Email: spencer.tierney@nerdwallet.com. Twitter: @SpencerNerd.

Loans

Loans Banks

Some first thoughts about methodological problems with the Chamber of Commerce Arbitration Study

Public Citizen

MARCH 15, 2022

The Chamber of Commerce has released a study about arbitration. I paste in immediately below the relevant portion of the press release, and then I identify some methodological issues with the study. A new study released today by the U.S. The new study comes as the U.S. For that, we have to see the CFPB study.

Lawyers

Dudley Resources Case Study: Successful Asset Recovery and Liquidation for Simply Mac

Collection Industry News

AUGUST 16, 2023

This case study showcases the remarkable success achieved through DR’s strategic partnership in the liquidation of Simply Mac. (SM), The post Dudley Resources Case Study: Successful Asset Recovery and Liquidation for Simply Mac appeared first on Collection Industry News.

Chapter 7 bankruptcy

Chapter 7 bankruptcy Creditors Bankruptcy Collections

Study on beneficiaries and benefits of student-loan forgiveness

Public Citizen

JUNE 9, 2021

Countering assertions that student-loan forgiveness would primarily benefit wealthy people, a new study from the Roosevelt Institute determined that "student debt cancellation would provide more benefits to those with fewer economic resources and could play a critical role in addressing the racial wealth gap and building the Black middle class."

Student loans

Student loans Student Loans Loans

CFPB Requests Comments on Plans to Study Electronic Disclosure on Mobile Devices

Collection Industry News

SEPTEMBER 7, 2021

The CFPB intends to conduct several studies using methodologies rooted in psychology and behavioral economics to understand electronic disclosure on mobile devices. The CFPB is specifically seeking comments on matters related to the actual performance of the data collection, as opposed to the subject matter of the studies themselves.

Collections

Collections Education

Older Consumers More Financially Literate: Survey

Account Recovery

FEBRUARY 13, 2024

Based on a recent Capital One Insights Center study, debt collectors can use the data to better understand consumer behavior and tendencies in this evolving environment. The financial landscape has undergone a digital metamorphosis, placing consumer financial literacy at the forefront of effective debt collection strategies.

Debt collector

Debt collector Collections

Study shows U.S. credit card debt on the rise

Collection Industry News

MARCH 14, 2022

billion, according to a study by the financial website WalletHub. The post Study shows U.S. So it’s no surprise that U.S. consumers racked up their credit card debt in 2021. Credit card debt rose last year by $74.1 billion during the fourth quarter, resulting in a net increase of $87.3 This will allow you to pay off your debt quicker.

Credit Card Debt

Credit Card Debt Collections

Client Case Study: Leading Mortgage Provider in the Asia-Pacific Region

Katabat

AUGUST 21, 2020

The post Client Case Study: Leading Mortgage Provider in the Asia-Pacific Region appeared first on Katabat.

Credit card debt is at an all-time high, putting households near ‘breaking point,’ study shows

Collection Industry News

MARCH 28, 2023

At this rate, households are nearing a “breaking point,” according to a separate study by WalletHub. The post Credit card debt is at an all-time high, putting households near ‘breaking point,’ study shows appeared first on Collection Industry News. That helped propel total credit card debt to a record $930.6

Credit Card Debt

Credit Card Debt Personal loans Loans Collections

More Individuals Facing Healthcare Affordability Issues

Account Recovery

NOVEMBER 14, 2023

These days, more than one-quarter of non-senior adults are living with severe healthcare affordability issues, such as high out-of-pocket cost burden, medical debt, or forgone medical care, according to a recently published study. When […]

Healthcare

CFPB Study Details the Rapid Growth of “Buy Now, Pay Later” Lending

Consumer Finance

SEPTEMBER 15, 2022

Business model relies on data collection, and loans serve as close substitute for credit cards.

Loans

Loans Collections

Consumers Drive Increased Adoption of Digital Payment Options

Account Recovery

SEPTEMBER 20, 2023

Consumers in America continue to head toward a cashless — and maybe even checkless — future when it comes to making payments, according to a study released this week by a payment provider for the financial services industry.

Financial services

Daily Digest – September 20. Judge Dismisses FDCPA Class Action for Lack of Standing; Consumers Drive Increased Adoption of Digital Payment Options

Account Recovery

SEPTEMBER 20, 2023

Judge Dismisses FDCPA Class Action for Lack of Standing Consumers Drive Increased Adoption of Digital Payment Options Study Reveals Financial Burden Carried by Older Americans Due to Lack of Insurance 25 Companies Seeking Collection Talent WORTH NOTHING: A look ahead to the most anticipated movies of the Fall … Ways to use morning exercises to (..)

Collections

Losing Accountants? Here's How to Help Your Accounting Team

Enterprise Recovery

JANUARY 6, 2023

The Wall Street Journal is reporting that the number of accountants and university students that are studying accounting is falling. The long hours, especially during tax season, are turning off young recruits. Enterprise corporations are offering college credits and higher pay to entice more people into the field.

Collection Agencies

Collection Agencies Collections Agency Collections

Is a Four-Day Workweek Right for Your Business?

Enterprise Recovery

MARCH 31, 2023

After a 6-month trial of over 60 companies in the United Kingdom, nearly every company in the pilot study has chosen to continue a four-day workweek. The results are in. Company revenue stayed roughly the same during the trial but showed a 35% increase compared to similar periods in previous years.

Study Debunks Impact of Medical Debt Forgiveness on Consumers

Study Sheds Light On Shifting Consumer Payment Preferences

Trending Sources

15M Could Lose Medicaid Coverage When Pandemic Ends: Study

COVID-19 Linked to Financial Issues for Patients: Study

When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

Daily Digest – April 9. Plaintiff Pre-Emptively Asserts Defendant Can’t Claim BFE in FDCPA Complaint; Study Debunks Impact of Medical Debt Forgiveness on Consumers

Study Breaks Down Medical Debt Problem Across the Country

Study Calls Out Wisconsin Hospitals For Filing More Suits Against Minorities

Student Loan Debt Leads to Higher Chance of Heart Problems Later in Life: Study

Bad PR Leads to ‘Substantial’ Decrease in Medical Collection Suits: Study

Study Busts Robocall Myths

15% of All Adults Carrying Past-Due Medical Debt: Study

Financial Situation Getting Worse for Consumers; Study Details Debt Sources, Plans to Pay it Off

Study Reveals Financial Burden Carried by Older Americans Due to Lack of Insurance

Bankers Org. Publishes Study to Combat Credit Card Late Fee Push by CFPB

Amount of Medical Debt Placed with Agencies Nearly Doubles in Five Years, to $140 Billion: Study

Healthcare Providers Must Prepare for ‘New Normal’: Study

One-Third of Consumers Find Errors on Credit Reports: Study

Cost Segregation Study: Claim Faster Property Depreciation in Your Taxes

Consumers Living in Low-Income Neighborhoods Less Likely to Receive Financial Restitution When Complaining to CFPB: Study

Dementia Could Be Causing Poor Financial Decisions Years Before Diagnosis: Study

Study Shows Medical Debt Can Affect Your Health

Study reports consumers find courts fairer than arbitration

Grads Left Behind $3.75B in Free College Aid in 2021, Study Says

How to Pick a Study Abroad Credit Card

New study: Vaccines are "remarkably safe"

Chandrasekher study finds lack of diversity among arbitrators

Higher Amounts of Medical Debt Tied to Lower Physical Health, Higher Mortality: Report

CFPB Requests Comments on Plans to Study Electronic Disclosure on Mobile Devices

Study: Checking Fees Average Almost $1,000 Over a Decade

Some first thoughts about methodological problems with the Chamber of Commerce Arbitration Study

Dudley Resources Case Study: Successful Asset Recovery and Liquidation for Simply Mac

Study on beneficiaries and benefits of student-loan forgiveness

CFPB Requests Comments on Plans to Study Electronic Disclosure on Mobile Devices

Older Consumers More Financially Literate: Survey

Study shows U.S. credit card debt on the rise

Client Case Study: Leading Mortgage Provider in the Asia-Pacific Region

Credit card debt is at an all-time high, putting households near ‘breaking point,’ study shows

More Individuals Facing Healthcare Affordability Issues

CFPB Study Details the Rapid Growth of “Buy Now, Pay Later” Lending

Consumers Drive Increased Adoption of Digital Payment Options

Daily Digest – September 20. Judge Dismisses FDCPA Class Action for Lack of Standing; Consumers Drive Increased Adoption of Digital Payment Options

Losing Accountants? Here's How to Help Your Accounting Team

Is a Four-Day Workweek Right for Your Business?

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