In today's economy, it's not uncommon for individuals to rely on credit cards to pay off debts — whether they're facing unexpected medical bills or trying to pay down student loans. However, while using credit cards can provide temporary relief, it can also lead to...
RECENT POSTS
Capital Recovery Blog
RECENT POSTS
Capital Recovery Blog
How Can Debt Collection Affect Your Credit Score?
Debt collection is a stressful and overwhelming experience that millions face each year. It can be frustrating to receive repeated phone calls and letters from debt collectors, and it can be even more challenging to navigate finding the funds to repay when you have...
How Can Machine Learning Help Receivables Management?
Tracking invoices and payments, sending reminders, following up on delinquent payments, and resolving disputes — managing account receivables (AR) is labor-intensive and challenging for any organization. Without the right tools and strategies in place, AR teams may...
How Will a Recession Impact Consumer Spending?
The state of the American economy is becoming bleaker as days go by. With inflation pushing up the price of consumer goods and the recession looming forward, it’s only a matter of months before we feel the entire brunt of it. But, more than half of Americans don't...
How Does Medical Debt Impact Older Americans?
Medical debt in the United States is at an all-time high. It is not a surprise that medical debt is the biggest generator of debt owed to collection agencies across the U.S. With over 90 percent of people in the United States having medical debt, it is evident that...
What Does Medical Debt Look Like Across the United States?
Medical debt in the United States is at an all-time high. It is not a surprise that medical debt is the biggest generator of debt owed to collection agencies across the U.S. With over 90 percent of people in the United States having medical debt, it is evident that...
Part Two: How Does the No Surprises Act Affect Medical Bills?
The No Surprises Act is a landmark piece of legislation passed on January 1, 2022, to protect consumers from surprise medical billing. In just two months after the Act was passed, more than 2 million surprise medical bills were avoided, and if the trend continues, the...
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,...
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...
