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Our clients have been asking us to help solve the debt dilemma - when collection efforts go cold, the consequence is a huge burden of unpaid debt. Collection Triggers offers our clients the opportunity to know within 24 hours when a debtor has had new credit activity, enabling quick action for the highest probability of recovery.
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It's also important to know that when taxes go unpaid, the IRS can place a lien on your assets. Unpaid tax liens can remain on your credit report for up to 15 years, while paid tax liens can remain on your credit report for seven years from the date paid. Both have a negative impact on your credit score.
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We were told the insurance would pay 80 to 100 percent of medical expenses for catastrophic illnesses. When both of us were hit with catastrophes within one nine-month period, we were left hanging with $180,000 in unpaid medical debts. The insurance paid less than 15 percent. And we worry that others like us will end up risking their health, and their lives, because of costs.