RevCycle

APRIL 25, 2024

The Problem: Mounting Healthcare Debt Medical bills are a leading cause of debt in the United States, with millions struggling to afford necessary care. These methods often: Discourage communication: Patients may avoid calls or letters from collectors, delaying resolution.

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Debt Collections Collector Medical Billing Deductions 182

RMAi Blog

OCTOBER 4, 2024

On October 1 st , 2024, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra announced actions to reduce the burden of medical debt and address medical debt collection practices in a coordinated event with the White House. Collecting unsubstantiated medical bills. Collecting amounts for services not received.

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Medical Billing Collector Debt Collections Credit and Collections 130

RevCycle

JULY 26, 2023

In fact, medical debt is the leading cause of personal bankruptcy in the country. In recent years, there has been a growing trend of medical debt credit cards being offered to patients. These cards allow patients to finance their medical bills, but they often come with high interest rates and fees.

Collector 182

Collector Credit and Collections Medical Billing Debt Collections 182

RMAi Blog

SEPTEMBER 25, 2024

The bill also prohibits using any medical debt listed on a credit report as a negative factor when making credit decisions and gives individuals more room to address their medical bills before debt collection and reporting actions can take place. This bill will be effective on January 1, 2025.

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Credit Reporting Agencies Medical Billing Debt Collections Credit and Collections 130

CreditStrong for Business

FEBRUARY 25, 2025

Over time, the impact of collections on credit has shifted and is now influenced by a few factors, including: The type of debt Major consumer credit bureaus (Experian, TransUnion, and Equifax) no longer list paid medical collections or unpaid collections for outstanding medical bills of less than $500 on your report.

Credit Scoring 52

Credit Scoring Credit and Collections Medical Billing Collector 52

RMAi Blog

MARCH 14, 2023

Maryland HB 127 – This bill would prohibit a district court in aiding in the enforcement or execution of a small claims money judgment by ordering an individual to appear for an examination or answer interrogatories. RMAI, the creditor’s bar, and the judiciary oppose this bill. A veto this year would be less likely. FBCS, Inc , No.

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Collector Law Firms Credit and Collections Debt Collections 100

Fundera

SEPTEMBER 18, 2018

Unlike the IRS, your local municipality might report your unpaid tax bill directly to a debt collector. Such debts are often sold to third-party collectors, who report nonpayment to the credit bureaus, which will severely ding your credit score. Utility Bills.

Credit Scoring 93

Credit Scoring Small Businesses Credit and Collections Collector 93