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Government is Making Debt Recovery a lot Harder

Nexa Collect

The US government has thrown a slew of laws on collection agencies, making bad-debt recovery harder and costlier. Lower recoveries mean, low recoveries and extensive loss for businesses and doctors. Debtors who would have usually paid quickly are now disputing the collection notices more than ever.

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How a Medical Collection Agency works?

Nexa Collect

These debts can be unpaid hospital bills, doctor’s office fees, or any other expenses related to healthcare that a patient has not paid. Payment Plans and Negotiations : Sometimes, the collection agency might be willing to negotiate the debt. You should prioritize paying off your medical debts to avoid credit damage.

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Laboratory Collection Agency: Patient AR-Billing Solutions

Nexa Collect

And, just like in other areas of the healthcare system, there can be uninsured individuals too that labs run testing for. Debtors pay directly to you, no other fees. Collection Calls made by a Professional Debt Collector. No recovery-No fees. A debt collector calls debtor many times. Low-cost option.

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Common Myths About Using a Collection Agency

Credit Management Company

The act aims to prevent debt collectors from using abusive or deceptive behaviors to acquire the debt they want. However, the FDCPA only protects consumer debtors. It offers no protection to commercial debtors such as a company. However, many states have statutes in place to oversee commercial debt collection.

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Does My Small Business Need A Collection Agency / Law Firm?

Turbo Recovery

Hiring a debt collection agency and law firm is one of the easiest and smartest ways to put the focus back on your business. Our debt recovery specialists collect unpaid delinquent accounts and receivables in 60-90 days, so you don’t have to wait. We understand how many headaches a difficult debtor may cause you.

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When Does My Business Need A Collection Agency / Law Firm?

Turbo Recovery

At Point Law, we specialize in commercial , government , and healthcare debt collections and we’re here to provide solutions to collect your unpaid invoices. The sooner you send the debt to a Columbus debt collection agency / law firm the higher the chance of recovery is. We put the check in the mail.

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The Importance of Collection Agencies for Small Businesses Affected by Default Accounts

Debt RR

The settlement of debts acquired by either another company or an individual is one of the most common challenges that businesses experience. Collecting debts is time-consuming, especially if the debtor refuses to cooperate. The collection of debts is also part of your income. Assess if the Agencies Specialized Industries.