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Medical Debt Collection Bill Introduced in Illinois Legislature

Account Recovery

SB 1223 builds upon existing provisions in the Fair Patient Billing Act, which already regulates how hospitals and medical creditors pursue collections against uninsured patients.

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Oklahoma Bill Would Shield Some Medical Debt from Credit Reports

Account Recovery

A bill is under consideration in the Oklahoma legislature that would prohibit certain medical debts from being reported to credit bureaus, preventing them from impacting consumers credit scores. Driving the news: House Bill 1709, introduced by Rep. The bill, if passed, would take effect on November 1, 2025.

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Government is Making Debt Recovery a lot Harder

Nexa Collect

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. Our government’s intention behind these laws is not wrong, but the ground reality is different. .

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50+ Commercial Debt Statistics

The Kaplan Group

Delinquencies Rising Across Loan Types C&I loan delinquencies rose from 0.77% in Q3 2023 to 1.28% by Q4 2024 CRE loan delinquencies hit a 10-year high at 1.57% Office loan delinquency alone reached ~11% The Collections Industry and Legal Enforcement B2B Recovery Rates Are Low Debt collectors recover just 20 cents per dollar on average.

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How to Remove Sunrise Credit Services from Your Credit Report

Better Credit Blog

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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Can a NY Judgment Creditor Garnish PPP or Other CARES Act Funds?

FFGN COLLECT NY

With both consumers and small businesses receiving funds from the Paycheck Protection Program (PPP) and CARES Act, questions have come up as to whether these amounts can be frozen or garnished by debt collectors or creditors. A judgment creditor could freeze a payroll account belonging to a commercial judgment debtor.

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Enhancing Your Early Out Collection Strategy

PDC Flow

As accounts receivable professionals know, early out collection (also known as pre collection) is a typical practice to resolve healthcare bills. Managing administrative staff and chasing down payments can be a big job for a hospital system or other healthcare practice. What is Early Out Collection? Patient Relations.