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RECENT POSTS

Capital Recovery Blog

RECENT POSTS

Capital Recovery Blog

Part One: What is the No Surprises Act?

The No Surprises Act is a federal law intended to prevent surprise medical bills by requiring health insurers and hospitals to have contracts with each other for covered services. According to the Act, patients cannot be charged for out-of-network emergency care,...

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The Hunstein Case Ruling & What It Means for Debt Collection

The debt collection industry has been waiting with bated breath for almost two years for the ruling on the Hunstein case.    Since most financial institutions use external vendors to send letters to their consumers, this landmark case has important implications for...

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What Debt Collections Companies Can & Can’t Do

I In 1977, the Federal Debt Collections Practices Act (FDCPA) was established by Congress to enforce regulations on debt collection companies and how they interact with consumers. The FDCPA also creates a level playing field for debt collectors who play by the rules....

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Millennials and Debt Collection: What Does the Data Show?

Millennials are the most indebted generation in the United States. They look like they've got a lot going on, but they live in numerous debts. According to a survey by Real Estate Witch, an average American millennial has more than $100,000 worth of debts.    Only 8%...

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How Does Medical Debt Create Lingering Financial Problems?

According to NPR, more than 100 million people in the United States are affected by medical debt.   Looking at the statistics, you can see that medical debt is causing lingering financial problems for people. And the surprising part is that having coverage doesn't...

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How Does Consumerism Impact Healthcare?

We're living in a time where we have access to more information than ever. We can research anything we want, at any time, from anywhere. This has led to an influx of data educating healthcare consumers to become information-savvy with more expectations and evolved...

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What is the Role of Private Collections Agencies?

Private collection agencies (PCAs) are a big part of the debt collection industry and play an essential role in helping creditors recover their money. Businesses or government organizations can use these agencies to collect past-due payments from their customers.  ...

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