Results for "Collection Debt"4 results found.
What is a Bank Account Levy?

If you fail to make payments, creditors will attempt to recoup the funds owed. If approved, creditors can freeze your bank account and withdraw funds directly. With a bank account levy in place, your options are limited.

by Sha'Kreshia Terrell
This Nonprofit Buys and Then Pays Off Medical Debt

After receiving medical care, a bill must be paid off. Typically, if someone has health insurance, the insurance company will cover all or a portion of the bill. Some may have little to no income, which makes it hard for them to afford insurance, which leads to accumulating debt.

by Matin Varshochi
Credit Bureaus Beginning to Remove Medical Collection Debt

On March 18, 2022, the three credit reporting agencies, Equifax, Experian, and TransUnion, have announced users’ medical collection debt will be removed from their credit reports if they have been paid.

by Sheena Allen
How a Collection Works | CapWay

Collections are pretty common – about 70 million Americans have them. But not many people understand how they actually work. Here's what it means to have your debt in “collections” and how to avoid it in the future.

by CapWay

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