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The Human Side of Healthcare Debt Collection

RevCycle

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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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. These cards allow patients to finance their medical bills, but they often come with high interest rates and fees.

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13 Surprising Factors That Affect Your Credit Score (and Why Small Business Owners Should Care)

Fundera

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.

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25 Ways You’re Killing Your Savings: STOP Making These Mistakes

Due

It is possible to ruin your finances without insurance if you do not have enough cash to cover a large medical bill, car accident, house fire, or theft. Credit collectors are trained to increase your anxiety levels to sky-high levels when you have bad credit. It’s a small price to pay for ample protection.

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25 Ways You’re Killing Your Savings: STOP Making These Mistakes

Due

It is possible to ruin your finances without insurance if you do not have enough cash to cover a large medical bill, car accident, house fire, or theft. Credit collectors are trained to increase your anxiety levels to sky-high levels when you have bad credit. It’s a small price to pay for ample protection.

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RMAI Update March 2023

RMAi Blog

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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