A charge-off is when a lender writes off your account as a loss and closes the account for further use. You are still legally responsible for the balance that is charged off. The lender may transfer ...

In a recent decision, U.S. ex rel. Sibley v. Univ. of Chicago Medical Center, the U.S. Court of Appeals for the Seventh Circuit considered allegations that two medical billing and debt collection ...

Do you get calls from a debt collection agency? Having delinquent debt not only hurts your chances of getting a loan but can also affect how much you pay for insurance, and even your ability to get a ...

Determining whether a debt has become worthless always is a question of fact which requires consideration of all pertinent evidence—including the debtor’s financial condition and the value of any ...

The Centers for Medicare & Medicaid Services (CMS) and its contractors should be taking a closer look at providers’ bad debt reimbursement claims to cut down the frequency of “inappropriate” payouts, ...

Americans report being harrassed and threatened by collections agents. Nov. 1, 2008 — -- In tough economic times, millions of Americans are in debt. Some of them have been contacted by ...

Consumers take bill collectors to court, earning the label "credit terrorists." Feb. 5, 2010 — -- Americans with overdue debts usually face a daunting parade of punishments. First come the ...

The amount of bad debt stemming from patients with insurance increased more than five-fold in a three-year period, hitting providers' financial statements in an already challenging environment. Almost ...

Many years ago I was less than responsible with credit. I screwed up, over extended myself and found myself in collections on a number of accounts. <BR><BR>As time went on I cleaned up my act, ...

Senior living communities operate in a highly regulated and financially demanding environment, requiring operators to maintain fiscal stability while delivering exceptional care. As the senior ...