Could your debt be reduced or forgiven? Take our financial relief quiz. If you’re a business owner extending credit to customers, then you’ve likely had an experience with bad debt or will at some ...

A charge-off is when a lender writes off your account as a loss and closes the account for further use. You are still legally responsible for the balance that is charged off. The lender may transfer ...

Patients with some form of insurance coverage accounted for 53% of the estimated $17.4 billion that hospitals, health systems and medical practices wrote off as bad debts in 2023, according to data ...

Good debt can increase your net worth and build in value over time. Bad debt is money spent on items that lose their value. Balancing good and bad debt is important to your financial wellbeing. While ...

The Centers for Medicare & Medicaid Services (CMS) and its contractors should be taking a closer look at providers’ bad debt reimbursement claims to cut down the frequency of “inappropriate” payouts, ...

FOR many businesses, unpaid receivables are an unavoidable part of operations. Whether arising from unpaid invoices, defaulted loans, or broken payment promises, bad debts can significantly affect a ...

The average interest rate on a bank credit card is currently 21.5%. That’s the highest level since the Federal Reserve started tracking the data in 1994, according to The Associated Press. Do you have ...

A new rule will prohibit a certain type of bad debt from appearing on credit reports. The rule, announced by the Consumer Financial Protection Bureau, prohibits unpaid medical bills from appearing on ...

This month, OIG published its findings relating to its audit on providers who sought reimbursement from Medicare for bad debts. OIG conducted the audit to confirm whether: (a) providers complied with ...

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Understand the vital role of analyzing accounts receivable in assessing a company's financial health and stability through key ratios and diverse customer insights.