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We all agree that healthcare costs in the USA are extremely high. He calculatedly pays his old $10,000 medical bill so that it can be removed from this credit report. Wouldn’t this increase the risk of the bank/creditunion with whom he takes that mortgage? Now he can qualify for $500,000 loan.
The possible use cases for healthcare , consumer goods and services , creditunions , call centers, and even expansion in debt collection – especially pre collect services – are exciting. Businesses can include multiple business transactions in one secure workflow.
SIMM is a full service nationally licensed ARM company providing collection solutions to the student lending, consumer lending, credit/retail card, healthcare, auto finance, creditunion and debt buying industries.
Though half of the total debt collected is health-care releated, these firms have expeirence with other large-scaled corporations and institutions such as: creditunions. hospitals and healthcare providers. academic institutions. internet providers. electric companies. Conclusion.
SIMM is a full service nationally licensed ARM and BPO company providing collection solutions and customer engagement to the student lending, consumer lending, credit/retail card, healthcare, auto finance, creditunion and debt buying industries.
The most common dischargeable debts include: Credit Card Debt: Unsecured credit card balances, including personal and store cards, can be discharged. This provides relief from significant healthcare costs. Personal Loans: Unsecured personal loans from banks or creditunions are usually dischargeable.
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 creditunion engaged in the unauthorized practice of law by filing collection lawsuits to recover unpaid debts. More details here.
Why it matters: While the CFPB claims this will increase credit scores and expand access to low-cost mortgages, the plaintiffs in both lawsuits argue the rule oversteps legal boundaries and creates significant disruptions for lenders, creditunions, and healthcare providers.
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