If you are thinking about using a debt collection agency to mange your outstanding accounts receivables, it’s only natural to have some questions. Here are answers to seven frequently asked questions about engaging debt collection services:
Fairway Capital Recovery Blog
A staggering number was recently released by the think tank Urban Institute and debt buyer Encore Capital Group. More than 1/3 of all Americans with a credit report are currently in a stage of debt collection.
Debt collection for the medical industry is an area of specialization at Fairway Capital Recovery. To ensure we are well informed, we are members of industry organizations including the Healthcare Financial Management Association (HFMA) and the Association of Credit and Collection Professionals (ACA).
Consumers approach medical and dental bills differently than other bills, such as utility bills or rent. In many cases, they might feel less urgency to pay. After all, if your choices were between being evicted, having your electricity shut off or not paying for last month’s teeth cleaning, which bill would be your lowest priority?