Debt collection articles
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Forgiving medical debt after it is sent to collections has fewer benefits – study
Experts partnered with RIP Medical Debt, a medical non-profit that buys and forgives debt, found it had little effect on people’s credit scores and mental healthMedical debt is the most common form of debt in collections in the US. But forgiving that debt once it has gone to collections may provide fewer health and financial benefits than once hoped.A new study by researchers who partnered with RIP Medical Debt, a non-profit that buys and forgives medical debt, found “disappointing” results when...
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NYC's debt collection program is being replaced. Advocates hope its flaws can be fixed.
The new tax lien program is expected to be released by the end of June Tenant and homeowner advocates are highlighting flaws in the city’s old tax lien sale program, as officials plan a replacement. [ more › ]
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Column: Are Republicans who got pandemic debt relief hypocrites for complaining about student debt relief? Yes
You may have noticed over the last few days that the political world is in an uproar over President Biden's dispensing of student debt relief. It's not so much that Biden implemented the relief program at all; what got politicians and pundits in a tizzy was that he called out the GOP naysayers in the House by pointing out that many of them had received business loans via the pandemic-era Paycheck Protection Program, or PPP, that had never been paid back. The White House tweeted out the forgiven...