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The CFPB’s Concerns with Medical Debt Credit Cards

RevCycle

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. The Consumer Financial Protection Bureau (CFPB) is concerned about the risks associated with medical debt credit cards.

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Is Your Collection Agency a Good Fit?

Your Virtual Credit Manager

Ensuring Successful Debt Collections Even with these headwinds, there are steps trade creditors can take to improve their collections game: Be Proactive: It starts with a comprehensive credit application and vetting process and is complemented with clear communications about terms, the billing process, and the expectation of on-time payments.

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Global Payment Delays And Bankruptcies: Causes, Consequences, And Solutions

MNS Credit Management Group

There are some issues with the debt recovery process that the debt collection agencies confront that need to be addressed by the government at a higher level. In this article, we will explore the causes of these issues, their consequences in the b2b debt collection industry, and potential solutions.

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Effective Debt Collection Strategies in Vietnam: Tips and Best Practices

MNS Credit Management Group

Nowadays, there are two main methods of debt collection in Vietnam. Nevertheless, by this point, debtors may have already sold their assets, transferred them to another party, or even declared bankruptcy, leaving creditors, particularly unsecured creditors, with nothing to recover. Vietnam’s judicial debt recovery.

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Effective Debt Collection Services in Singapore- Get Your Debts Resolved Today

MNS Credit Management Group

Introduction In order to successfully recover debts in Singapore, a strategic strategy must strike a balance among ethical standards, effective communication, and legal issues. Debt collectors must use crucial tactics to do this, which guarantee a win-win situation for all sides.

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The Scenario Of Malaysia’s Debt Collection

MNS Credit Management Group

Consumer And B2B Debt Collections Variation Commercial collections refer to the process of recouping unpaid invoices owing to another company. When a client owes a business money, consumer collections take place. The debt collection industry consists of two distinct functional areas.

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Navigating The Debt Collection Landscape In Indonesia

MNS Credit Management Group

The main purpose of debt collection in any country is to find an amicable and smooth settlement of dues between a debtor and a creditor. However, in Indonesia, there are no specific rules regarding debt collection service companies. Indonesia is no exception.