Medical Collections & Your Business
Medical collections can hurt your business in a number of ways. First, they can damage your reputation. When patients see that you have a lot of unpaid medical bills, they may be less likely to trust you or to do business with you in the future. Second, medical collections can hurt your finances. If you […]
Expert Tips on How to Collect on Debt
Debt collection is an important part of every successful business. If you’ve been in business long enough, and have served enough customers, you’ll inevitably run into a client that has issues with making payments. The first time that happens, it can be extremely frustrating and uncomfortable. However, there are ways to increase the likelihood that […]
Collecting Debt – 6 Tips to Get Paid On Time
Collecting debt can be tricky and can take a toll on your business and relationships. Here are 6 tips to ensure you get paid! #1 – Agree on Terms and Get a Deposit Your payment terms should be incredibly clear and well written. Be sure to get a contract, in writing, that stipulates that both […]
Collection Questions to Ask Before Hiring an Agency
The decision to send a customer to a debt collection agency should never be taken lightly. The possibility is high that you will sacrifice your relationship with the client or customer, and unless you’ve done things right on your end, that sacrifice might be for nothing. Before you take action, it’s important to know whether […]
Regulation F
Link to Regulation F From the American Bar Association’s September 21st Article by Caren D. Enloe The Debt Collection Rule: Communications, Disclosures, and the Other Changes You Need to Know Caren D. Enloe On November 30, 2021, the Consumer Financial Protection Bureau’s (“CFPB’s”) much-anticipated Debt Collection Rule (the “Rule”) will take effect.[1] The (“Rule”), which […]
