Account Recovery

OCTOBER 2, 2024

The Consumer Financial Protection Bureau issued new guidance yesterday regarding unlawful medical debt collection tactics. The advisory opinion clarifies that debt collectors, including third-party revenue cycle management companies, violate federal law when collecting inaccurate or legally invalid medical debts.

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Account Recovery

DECEMBER 23, 2020

A class-action lawsuit has been filed against a debt collector, accusing it of making it look like the collector purchased debts from a healthcare provider when it had not done so and for violating a state collection law in Colorado.

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Nexa Collect

JUNE 18, 2023

A medical collection agency will send written demands and make persistent phone calls to your patients. Since debt collectors are on the phone all day long, they know every tactic to get paid. Since debt collectors are on the phone all day long, they know every tactic to get paid. Need a Medical Collection Agency?

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Account Recovery

NOVEMBER 11, 2024

Supreme Court Rules CU Employees Engaged in Unauthorized Practice of Law When Filing Collection Suits Against Members The Supreme Court of New Mexico has ruled that employees of a credit union engaged in the unauthorized practice of law by filing collection lawsuits to recover unpaid debts. More details here. More details here.

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Account Recovery

NOVEMBER 12, 2024

Our team consists of specialized medical and commercial debt collectors who are not only experts in their field but also deeply empathetic to the challenges faced by debtors. Unlike traditional collections agencies, we do not alienate debtors; instead, we strive to build bridges and facilitate resolutions that benefit both parties.

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Account Recovery

JUNE 14, 2022

After debt collection issues, … The post Debt Collection, Credit Reporting Key Areas of CFPB Report on Issues for Servicmembers and Their Families appeared first on AccountsRecovery.net.

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Debt collector Collections Healthcare 245

PDC Flow

MAY 26, 2020

Now, healthcare collections and other accounts receivable businesses are starting to realize that managing remote staff may be a long term necessity. . No one knows how long the Coronavirus pandemic will last or what the future of healthcare AR will look like when it has passed. Related Articles. Disclaimer Information.

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Burt and Associates

OCTOBER 31, 2024

About Transcript About CFPB 2024 Annual Report on Activities to Administer the Fair Debt Collection Practices Act I. Introduction and Spotlight on Medical and Rental Debt 1.1 Medical Debt 1.1.1 Rental Debt 1.2.1 Conclusion: Summarizes the key findings and trends in medical and rental debt collection.

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American Profit Recovery

FEBRUARY 9, 2021

If your practice has been looking through a list of medical collection agencies in search of just the right fit, we want you to take a moment to read some of the tips that our experts here have come up with. To keep your patients coming back and avoid awkward situations, you should choose your third-party collectors carefully.

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Better Credit Blog

OCTOBER 2, 2020

While it may have only been caused by a simple mistake, debt in collections can have harsh consequences on your credit score and your everyday life. If you’re being contacted by Healthcare Revenue Recovery Group and aren’t sure how to proceed, take a deep breath and relax. What Is Healthcare Revenue Recovery Group?

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Collection Industry News

FEBRUARY 1, 2023

A new CFPB report estimates that medical collections tradelines declined by 37 percent between 2018 and 2022. Market Snapshot: An Update on Third-Party Debt Collections Tradelines Reporting” also found that medical debt constitutes a majority (57 percent) of all collections on credit reports.

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Burt and Associates

OCTOBER 31, 2024

The Financialization of Medical and Rental Debt For many Americans, healthcare and housing are essential yet increasingly expensive necessities. In healthcare, partnerships between non-profit hospitals and financial institutions have sparked concerns about profit motives overshadowing charitable missions.

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Nexa Collect

JULY 2, 2020

And, just like in other areas of the healthcare system, there can be uninsured individuals too that labs run testing for. Need a Collection Agency for your Lab: Contact us. Laboratory collection agencies will be familiar with the specific billing codes that laboratories use and be able to explain that to the patient.

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Troutman Sanders

JANUARY 18, 2022

Finding that the defendant debt collector was entitled to rely on the information provided by its client about the name of the debtor, a district court judge in Washington state granted summary judgment in favor of Puget Sound Collections, Inc. PSC) in a Fair Debt Collections Practices Act (FDCPA) case.

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Burt and Associates

OCTOBER 31, 2024

The Financialization of Medical and Rental Debt For many Americans, healthcare and housing are essential yet increasingly expensive necessities. In healthcare, partnerships between non-profit hospitals and financial institutions have sparked concerns about profit motives overshadowing charitable missions.

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Collection Industry News

JULY 12, 2021

A recent decision in the 3rd Circuit should prompt debt collectors to review their inclusion of viewable bar codes, QR codes or other technologies when sending debt collection letters. Preferred Collections and Management Services, Inc. , Preferred Collections and Management Services, Inc. , In Morales v.

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Credit Management Company

OCTOBER 27, 2022

In November 2021, the new Consumer Finance Protection Bureau (CFPB) Debt Collection Rule went into effect. This rule limits how often a collector can contact a debtor while also establishing rules around social media and what information must be included in a voicemail. Notices about debt are called validation notices.

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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. Extended business offices build on the practice of collecting before bills are seriously delinquent by offering other administrative services also. Early Out Collection.

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Better Credit Blog

FEBRUARY 18, 2021

You may start getting calls from a debt collector. Failing to pay your bills will cause the debt to move to collections. This means that your original creditor has officially handed the account over to a collection agency that will hound you for payments. About FirstPoint Collections. healthcare providers.

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Credit Management Company

JANUARY 10, 2019

Hospitals and doctor's offices have always been concerned about getting payment from the uninsured, but now that patients with employer coverage bare a greater financial burden, providers are feeling more like debt collectors. Collecting from patients is a problem for both small and large providers. The Root of the Problem.

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Account Recovery

APRIL 23, 2021

Preferred Collection and Management Services, a class-action lawsuit has been filed in New York federal court accusing a debt collector of violating Section 1692c(b) and 1692f of the Fair Debt Collection Practices Act … The post First Class-Action Suit, post-Hunstein, Filed in N.Y.

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Nexa Collect

JANUARY 14, 2023

The US government has thrown a slew of laws on collection agencies, making bad-debt recovery harder and costlier. Extra costs to comply with these laws would be passed on to businesses /creditors, who are already unwilling to pay the current costs associated with hiring a professional debt collector. New Regulations.

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Credit Management Company

FEBRUARY 22, 2022

Therefore, many people find themselves encountering collection agencies at one point or another. Unfortunately, much of what people “know” about the debt collection industry relies more on myths than facts. When people believe these myths about using a collection agency, they often run into trouble.

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Collection Industry News

AUGUST 4, 2020

Days after her call to Consumer Investigator Shannon Behnken, she says Humana Insurance called her to say they are sending additional payment proof to the debt collector. “I Matinzi turned to Better Call Behnken for help after receiving bills from a debt collection company that is threatening to send the debt to credit bureaus.

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Credit Management Company

FEBRUARY 23, 2021

Even before the pandemic hit, healthcare providers have known the importance of being respectful when contacting patients about outstanding bills. Now, there are additional steps you must add to your debt collection practices. Now, there are additional steps you must add to your debt collection practices.

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Better Credit Blog

FEBRUARY 17, 2021

Fidelity National Collections is a medical debt collection company that works on behalf of healthcare providers to recover unpaid balances. Apart from their calls and letters, Fidelity Collections can have a detrimental effect on your credit score. About Fidelity National Collections. Ask Lex Law for Help.

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Credit Management Company

NOVEMBER 3, 2020

However, it would be an understatement to say that it has especially affected the healthcare industry. At the beginning of the year, healthcare officials were not even sure masks would help protect the population. But how has COVID-19 affected debt collection? But how does telehealth affect debt collection?

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Debt Collection Answers

MAY 18, 2023

Even the most carefully crafted financial plan can be thrown off by unforeseen healthcare costs. Adding to the burden, specialized debt collectors in the medical industry can compound the stress of an already challenging situation. Capio Partners is one such agency that focuses on debt collection in the medical field.

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Better Credit Blog

SEPTEMBER 30, 2020

If you forget to pay a bill, the original creditor may move the debt to collections. This means that you may start to get phone calls from a debt collector like AAA Collections, harassing you to repay the debt. What is AAA Collections? Steps to Remove AAA Collections from Your Credit Report.

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Troutman Sanders

JULY 11, 2023

Department of Treasury (collectively, the agencies) jointly issued a Request for Information (Request) seeking public comment on medical credit cards, loans, and other financial products used to pay for health care. Our Take: Medical debt remains an area of increasing focus for CFPB Director Chopra.

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Better Credit Blog

MARCH 2, 2021

If you have a collections account from H&R Accounts on your report, it’s important to get it removed as soon as possible. Read on to learn more about H&R Accounts and how you need to respond to their collection attempts. H&R Accounts is a small debt collections agency headquartered in East Moline, Illinois.

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Credit Management Company

JUNE 14, 2022

Debt collection can be a complex process, and consumer rights should always be a top priority. To ensure you understand how important consumer rights are, we’ve put together an overview of consumer rights in debt collection. Debt Protection Laws. Validating and Requesting Proof of Debt. Disputing Claims.

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Debt RR

SEPTEMBER 9, 2020

The settlement of debts acquired by either another company or an individual is one of the most common challenges that businesses experience. Collecting debts is time-consuming, especially if the debtor refuses to cooperate. What they can and cannot do when doing so are regulated by the Fair Debt Collection Practices Act.

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Better Credit Blog

OCTOBER 15, 2020

Confronting a debt collector can seem like a daunting task, but getting a collections entry off your credit report is actually quite simple. Though their collections attempt might border on spammy, ARstrat LLC is an established and legitimate debt collections agency. What Is ARstrat? Sugarland, TX 77478.

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Better Credit Blog

SEPTEMBER 9, 2020

If you have been contacted by Sunrise Credit Services, you are probably being pursued for an old debt. Sunrise Credit Services is a debt collector that has been hired by your old creditor to collect payment on your debt. They may also have purchased the debt to profit off your payments. Validate the Debt.

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Better Credit Blog

OCTOBER 14, 2020

Tens of millions of Americans have collections-stage debt. So if you’ve come across a collections entry on your credit report, you’re far from being alone. While finding a collections entry on your report can be stressful, ARS’s calls, letters, and damaging effects on your credit score are simple to stop. Healthcare debt.

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PDC Flow

OCTOBER 12, 2021

On November 30, 2021, debt collectors are expected to be fully ready to comply with this long-awaited rule. We have wanted a road map of what a regulator would feel is appropriate conduct for us, to communicate to consumers and collect debt. ”. how to present your company’s name without revealing you are a debt collector.

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