In the economic downturn, the debt collection industry has gotten more and more aggressive.
How would you react if your wages were garnished to pay a debt that is not your liability? This unfortunate scenario happened two times to a New Mexico woman who had no connection to the Target Bank account or to the collectors employed by Target. Cases like this are becoming more common as the debt buying industry has grown by leaps and bounds since the 1980′s. Now the combination of technology and large debt buyer firms has created a profitable industry that also holds the record for highest industry complaints logged with the Federal Trade Commission. Luckily there are consumer protection statutes in the Fair Debt Collection Practices Act that can help you to fight against collection bullies as the Government does not have the resources to respond to all the complaints it receives.
Hospitals Challenged Due To Federal Health-Care Reform And Patients Ability To Pay
Growing numbers of patients unable to pay their medical bills due to the economic downturn will be the greatest challenge to hospitals going forward, according to more than half (54%) of those responding to a survey conducted this month by MedAssist.