FOR IMMEDIATE RELEASE:November 16, 2023 CONTACT:Office of [email protected] CFPB Report Highlights Consumer Protection Issues in Medical Debt Collection Annual report on the Fair Debt Collection Practices Act also describes the CFPB’s and states’ efforts to end the collection of inaccurate medical bills that consumers may not even owe WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau […]
Tag Archives: medical collections
13
Oct
Oct
What is Considered Medical Debt With there being more than 45 different FICO scores in circulation there is bound to be some variances in how each score is reported. Each debt listed on a report holds different weight; from revolving debt to past due debt, each instance is judged differently across each scoring model when […]
28
Apr
Apr
What is Considered Medical Debt With there being more than 45 different FICO scores in circulation there is bound to be some variances in how each score is reported. Each debt listed on a report holds different weight; from revolving debt to past due debt, each instance is judged differently across each scoring model when […]
12
May
May
With social media so present in our lives now we see the amount of GoFundMe pages for medical bills, it is validating the statistics. According to a recent report, by the CFPB 43 million Americans have overdue medical debt on their credit reports. Approximately 2 million Americans are affected annually by medical debt and remains the leading […]
18
Apr
Apr
A Single parent balances work, children and finances daily, this doesn’t stop most single parent households from the desire to purchase a home. Home ownership to many single parent families represents the ability to achieve self-sufficiency and economic independence, to other single parent households it is a way to provide a stable, engaged environment for their children. […]
10
Apr
Apr
31 percent of Credit reports contain collection items, 67 percent of these collections are medical collections. Medical debt is often incurred as a result of an unexpected injury or illness, and a majority of medical debt happens to patients who are covered by insurance. Medical Debts turning in to a Collection The doctor’s office or hospital will handle the […]