In April, the nationwide credit reporting companies – Equifax, Experian, and TransUnion – took action to remove medical collections already paid, under $500 or less than a year old from consumer credit reports. If you’re one of the millions of people with medical debt, here’s what you should know.
Debt collectors are moving away from furnishing medical debt, in part, due to data integrity challenges in medical debt collections.
Learn about steps you can take to protect caregivers from nursing homes and debt collectors who may be billing and suing caregivers for residents’ cost of care based on illegal admission contracts.
Sepa qué pasos dar para proteger a cuidadores de hogares de cuidados y cobradores que podrían estar facturándoles y demandándoles por costos de cuidados a residentes, basándose en contratos de admisión ilegales
Last week, we published the three millionth complaint on the CFPB complaint database. This accumulation of complaints represents ten years of sharing consumers’ experiences to increase transparency and create accountability to the public by clarifying the problems consumers face.
Consumers, including those with insurance, incur significant charges related to medical care. Nonprofit healthcare providers are required to establish financial assistance policies for consumers who cannot afford services. In this blog, we explore the connection between eligibility for these financial assistance programs and the prevalence of medical collections using our Making Ends Meet Survey.
Lè ou resevwa bòdwo pou tretman medikal, ou dwe konnen sa ki pwoteje sòlvabilite ou ak kijan pou w evite pyèj.
Kapag siningil ka para sa medikal na paggamot, alamin kung ano ang pumuprotekta sa iyong katayuan sa kredito (credit standing) at kung paano makakaiwas sa mga suliranin.
When you get billed for medical treatment, know what protects your credit standing and how to steer clear of pitfalls.
Khi quý vị được lập hóa đơn cho việc điều trị y tế, hãy biết điều gì bảo vệ tình trạng tín dụng của quý vị và cách tránh xa những cạm bẫy.
當你收到醫療帳單時，要知道什麼能保護你的信用狀況，以及如何避開陷阱。
Cuando le facturen tratamientos médicos, sepa cómo proteger su calificación crediticia y evitar los inconvenientes.
Nonprofit hospitals are required to offer financial assistance programs to help people cover the cost of medical care. Other medical providers might also offer similar assistance.
의료비가 청구되면 신용 상태를 보호하는 방법과 위험을 피하는 방법에 대해 알아보세요.
Узнайте, как защитить кредитную историю и избежать ошибочных действий, когда вам выставили счет за медицинское обслуживание.
The No Surprises Act puts guardrails in place to prevent certain unexpectedly high medical bills. Plus, people have protections from unwanted side effects of surprise medical bills: unlawful debt collection and credit reporting.
Under the Qualified Medicare Beneficiaries (QMB) program, medical providers such as doctors, hospitals, and medical supply companies aren’t allowed to bill enrollees for Medicare deductibles, coinsurance, and copayments. If you get a wrongful bill, you don’t have to pay it. You have the right to a refund if you’ve already paid.
A recent law provides additional protections for servicemembers affecting VA refinances, medical debt on credit reports, credit monitoring, and stays on foreclosure. Here’s what to look for in the new laws and when they go into effect.
Join us for a Consumer Advisory Board meeting with Director Cordray on Thursday, February 19 from 10 a.m. to 4 p.m. EDT. During this meeting we will discuss trends and themes related to consumer financial well being and medical debt.
Today, we held a field hearing on medical debt collection in Oklahoma City, OK. The hearing featured remarks from Director Richard Cordray, as well as testimony from consumer groups, industry representatives, and members of the public. The live event has now ended, but we’ll have a recording available here soon.
An estimated 43 million Americans are dealing with medical debt. Debt collection is the top complaint we’ve received since September 2013 and medical collections make up 52 percent of collection accounts on credit reports, far outpacing all other types of debt.
Since September 2013, debt collection has been the top complaint at the CFPB. A staggering 52 percent of all collection accounts on credit reports are medical. An estimated 43 million consumers with a credit report at a nationwide consumer reporting agency have one or more medical accounts in collection. Learn how this can your credit report.
Join us for a field hearing in Oklahoma City, OK on medical debt collection.
Recently, many patients facing medical procedures have seen their health care providers suggest deferred interest rate credit cards as a payment option. Unfortunately, health care providers don’t always explain how these deferred interest credit cards work. We want to make sure that you get the facts you need.
