Credit Repair-How To Avail Yourself Of The HIPAA Privacy Rule To Have Medical Bills Removed From Your Credit Report

The HIPAA (Health Insurance Portability and Accountability Act) Privacy Rule mandates that your private healthcare details may not be shared unless there is an allowable cause for doing so. HIPPA extends to credit reporting companies and collection businesses as well. For people, HIPPA actually assists in dealing with delinquent medical collection accounts and can be a vital part of the credit repair course of action.

There is an interesting dynamic when the rules of health-related records (aka HIPPA) are applied to the Fair Credit Reporting Act. Just about every set of guidelines compliments each other in a manner that permits you to pay off the late health-related invoice with the healthcare provider and then pressure the collection agencies to close the account and the credit reporting bureaus to remove it from your three credit reports. The steps are precise and must be done in order, but with the suitable facts and help, you can have all of your health care collection accounts removed from your credit reports.

Effectively, once the debt has been paid to the medical provider, neither the collection organization, nor the credit reporting businesses can access the information according to HIPPA because there is no lawful right to the info since it has been paid. The health care provider is unable to make available any data because it is a matter of your health care records, not an outstanding debt.

To start with, you alert the health care provider that you are opting out of sharing data with credit reporting companies and all collectors, via certified mail. Then you pay the health care provider in full, which under HIPPA, forces the medical provider from turning over the payment to the collection group, nor reporting the debt on their credit report.

Lastly, you send a letter to the credit-reporting outfit, asking them to verify the fine points of the debt, which under the Fair Credit Reporting Act is a requirement. Since the debt has been paid in full, the medical provider is powerless to provide any information. The collection outfit must also comply because they are unable to verify the data and because it is no longer a debt that they are allowed to collect.

This is a primitive overview of the process, but it is a sure fire means of removing medical collections from your credit report. You do not need to pay a credit repair corporation to do the above steps for you and doing so is perhaps a waste of your money. Instead, use a far-reaching ‘do it yourself’ credit repair system, that offers detailedcommands, different dispute letters particular to HIPPA and continuing aid to guide you through the procedure. Credit repair companies will aim to charge you up to $500 per entry, whilst you can do it yourself for a few hundred dollars.

Afni Collection Agency

AFNI Inc., otherwise known as Anderson Financial Network, is a collection agency based out of Bloomington, Illinois. One of their biggest clients is Verizon. Besides their shady and harassing debt collecting tactics, AFNI is known to try to illegally collect on accounts that date back to the early 1990’s. Such accounts are past the statute of limitations and are not legally collectible anymore.

If you get a letter from AFNI beware of this illegal scam. Also, if they try to report the account on your credit report, it is also illegal. In fact, each listing on your credit report is worth a $1,000 fine. To read more about debt collection laws and how you can stop collection agencies from harassing you, grab a copy of the FDCPA (Fair Debt Collection Practices Act).

Junk debt buyers such as AFNI Inc, pay pennies on the dollar for debts. Then, they intimidate, threaten and harass unsophisticated consumers. From false threats of legal actions to constant calling and even calling consumers relatives and calling their workplace, AFNI is amongst the lowest of the low.

Consumers are urged to demand validation of all debts from a bottom feeder because the majority of them have nothing to back up their claims. By demanding debt validation, you are utilizing your rights under the FDCPA to make the collection agency prove that they own your debt. It’s not enough for them to send you an itemized statement or printout of the debt.

Here’s what it states in the FDCPA – Section 809 – Validation of debts [15 USC 1692g]:
(b) If the consumer notifies the debt collector in writing within the thirty-day period described in subsection (a) that the debt, or any portion thereof, is disputed, or that the consumer requests the name and address of the original creditor, the debt collector shall cease collection of the debt, or any disputed portion thereof, until the debt collector obtains verification of the debt or any copy of a judgment, or the name and address of the original creditor, and a copy of such verification or judgment, or name and address of the original creditor, is mailed to the consumer by the debt collector.

If a collection agency can’t verify a debt they are not allowed to collect or contact you about the debt. They are also not allowed to report it to the credit bureaus under the Fair Credit Reporting Act (FCRA). Doing so is a violation of the FCRA, and the FCRA states that you can sue for $1,000 in damages for any violation of the Act.

How can a Commercial debt recovery agency help you?

Accounts receivable is considered to be an essential part of any business organization. In fact, it is regarded as the life blood of a business organization. If an organization does not collect the amount it is owed it will rapidly have to shut its doors and stop doingbusiness. It is often found that larger organizations with aggressive, active accounts receivable departments hold severe difficulty regarding debt collection. For smaller organizations that do not have the employees to devote to delinquent payments, the incapability to collect monies owed can remove their revenueand cripple their growth. However, there is a solution which can facilitate these both large and small scale companies regardless of what their size is. Hiring a commercial debt collection agency is the best way out.

For organizations to grow they must be able to devote all of their energies, resources and ideas to produce their best products and services. Designating staff thatspends most of their time running after delinquent payments could turn out to be counterproductive. But it is necessary to collect outstanding debts for the businesses to flourish. The best resource a company can take advantage of requireshiring the service of a professional debt collection agency. This can easily save money as well as time. Collection agencies get a percentage of the amount they are able to collect. That means there is no upfront cost incurred by a company to hire a debt collection agency. The collection agency earns a percentage from the amount of debt they recover which is usually determined by the age of the debt. The older a debt is the more difficult it is to collect and therefore the collection agency fees increase. This is why best practice is to turn over the bad debt as early as possible.

The employees at professional debt collection agencies forcefully try hard to get the funds owed while being cautious not to be impolite or discourteous. This can often turn out to be helpful between the individuals owing the debt and the organization to which the amount is owed. This usually means that the debtor might still continue to do business with the organization. This is quite significant as it costs a lot to generate new customers than to maintain the old ones. A good debt collection agency operates as an extension of the accounts receivable management while recuperating the amount the company is owed.

Now let’s have a look at the various ways on how a commercial debt recovery agency helps you:

A commercial debt recovery agency provides experienced and highly trained employees that have the capability to have an optimistic effect of a debt being successfully recovered in full.
Hiring a commercial debt recovery agency will facilitate the client to be relieved of the stress and hassle of trying to collect on debts, which can consume a great deal of their time.
Good Commercial Debt recovery agencies utilize state-of-the-art technology that is required to carry out debt recovery activities in a highly effective manner.

Thus, these are the various ways on how the commercial debt recovery agency can facilitate you. By following these tips you can actually save yourself from the hassles and leave all the collecting to your chosen commercial debt recovery agency.

A collection agency plays an integral role in debt recovery. Usually, creditors hire credit collection agency when the payment is not made in a timely manner by the borrower. Credit collection agencies are a third party company which is hired and authorised by the creditors to collect the amount owed. Therefore, the credit collection agencies provide Credit collection Services.

Debt Collection Tips

Debt collection tips from an experienced debt collection agency can help guide your business to successful debt recovery. The following article contains a few useful tips to improve your company’s debt collection and recovery efforts.

Debt Collection Tips – Supporting Documentation

To begin with, your debt must be verifiable to be collectable. Iron-clad supporting documentation to prove the legitimacy of the debt is paramount. Collecting debt can be much more difficult if there is any question as to the legitimacy of the debt owed. To ensure your debt will be collectable, should the need arise, be sure that any amounts owed are sufficiently supported by complete and thorough documentation along with signatures and dates, as well as clear acknowledgement of the amounts owed and the date the total amount is due. A gentlemen’s agreement and handshake simply does not suffice in today’s business world. Signing thorough documentation mentally prepares the debtor so they are fully, as well as, subconsciously, aware of the commitment they are making to pay your company the agreed upon amount by the agreed upon date.

Debt Collection Tips – Don’t Delay

Debt collection efforts can be greatly diminished if too much time passes before initiating debt collection activity. Statistics have shown that the older the debt becomes the harder it is to get a debtor to pay the money they owe you. Any delay in contacting and engaging your debtor can send the message to the debtor that they can get away with not paying what they committed to pay you. Once the debtor has developed the sense that they do not have to pay, debt collection becomes much less effective. Always be sure to initiate contact as soon as possible to send the message to the debtor that you are aware of the delinquency and intend to pursue the debt until it is paid in full.

Debt Collection Tips – Be Consistent

Be consistent in your debt collection efforts to show your debtor that you have no plan to forget or forgive the amount they owe you. It is essential that you devote ample time and resources to ensure successful debt recovery.

What can a National Debt Collection Agency do for You

A national collection agency is a service that businesses should use whenever they’re not collecting money from customers on time or at all. Collection agencies help extraordinarily when it comes to collecting money from customers and dealing with any bad checks. It’s relatively easy on your part, too. All you need to do is hire them and they’ll get the money back for you.

If someone owes you money, it’s best to contact a national debt collection agency as soon as possible. The sooner you hire one, the sooner they’ll be able to get to work. If you try to collect money earlier than later, the debt collection agency will be able to recover more money.

One of the best things about collection agencies in is that you only pay when your money gets recovered. Their pay is only based on the quality of their work, which means they’ll work extra hard and extra fast to get your money back. Usually, what you pay is only a commission of what is recovered. You can continue running your business while the collection agency does the hard work for you by contacting customers that owe you all day long.

If you use a national collection agency, there is a very strong chance that you’ll get your money back. These agencies have trained professionals who are highly skilled when it comes to appealing your customers to do the right thing and pay their debts.

If your customers are aware that you use a collection agency to make sure you get the money that is owed to you, the amount of customers that give you what they owe upfront will increase considerably. Hiring a national collection agency will inform customers that your business is serious when it comes to collecting what they owe for their products and services. They will likely not want to go through the hassle of dealing with a collection agency.

Using a debt collection agency is the best thing you can do for your company. This will free up time that would otherwise be spent by you and your employees trying to recover money from customers. This time is much better spent taking on new customers and improving your business.

A debt collection agency is an easy and convenient way of getting back the money from people who owe you. Let them do the hard work for you while you work on what’s important: nurturing your business.

Collection Agency Services – A Quick Start for the Intelligent Businessperson

The development of small business debt collection companies possibly attained its highest stage when the USA entered recession. These companies survived the monetary meltdown given that they still had a market and clients considering their support.

Why get this as your business?

Think of it this way, collection agency services go on all year round. There’s no peak or off-peak time for these companies. As opposed to food-based or product-based companies, there are actually lesser worries if products stay in your supply.

A further factor to recall is that collection agency services, will not likely fold up in the course of economic downturns. Instead, these companies are the ones likely enduring the serious scenario. When the credit crisis struck the USA a few years ago, many banks and lending organizations depended on this particular support to get customers to pay obligations. Some financing corporations also utilized this support to turn unpaid loans to immediate income. Overall, the business answer it gives provides much more lending companies a chance to recover.

How do collection agency services acquire earnings?

It operates in at least three techniques via: (1) a set month-to-month support charge, (2) a commission structure, and (3) financial debt purchase. In a fixed support charge scenario, a small business debt collection company concurs to collect due balances for a certain company in exchange for a fixed month-to-month charge. The cost depends on an earlier agreement signed by the two parties. Considerations produced may well stipulate quantity of debtors handled, financial debt quantity, and payment phrases.

A commission-based setup has the small business debt collection support getting a percentage of each financial loan compensated. Proportion might be set at 10% or higher according to a signed contract. The notion works that as more loans are compensated, much more income will come in for both companies.

In a financial debt acqusition contract, the collecting company purchases uncollected loans in bulk. They pay a certain charge to the funding agency in exchange. Whatever charge and corresponding sum they collect will likely be theirs alone to declare as profit.

Which company type is most effective?

There’s no great or poor business type by itself. Many small business debt collection organizations find fixed income profitable, while others work better employing other approaches. It all depends on your skills to operate a business variation and make it generate income.

What are the operating guidelines with regards to this business?

Laws might rely around the company’s area. City and state rules might vary every so often. It is far better to check with local federal government offices concerning these concerns. For instance, some areas have strict regulations with regards to contact schedules and personal contact with a debtor.

There are also states that have large fees imposed if you violate any of their rules. If you plan to take action in the courtroom, pleading with ignorance of the regulations is even a bigger issue. Many times, juries and judges might see this for a worthless justification or an attempt to circumvent the legal requirements and violate client trust.

If you’re preparing to go in this business, keep in mind that you’ll need much more pointers. Study publications and research other publicized materials to understand how major collection agency services triumphed in this particular field. Strategically plan for marketing and expose yourself as a new player so you get clients even before you formally open up.

3 Top Debt Collection Techniques That Can Improve Cash Flow To Your Business

Effective debt collection techniques are a necessity for businesses in any economic climate. Knowing how to encourage your customers to pay their outstanding debts to you on time can increase your cash flow. After all, your business has its own debts to pay. Without adequate cash flow, you could be risking falling behind with your own bills, which could lead to problems with suppliers or loss of easy credit terms with your bank or lender.

Mastering these debt collection techniques often spells the difference between barely staying afloat, or thriving in your business.

Here are 3 important debt collection techniques that will improve cash flow in your business:

1. Alter Your Payment Terms

Be sure to state clearly on all your invoices and any provided quotes what your payment terms are. Many businesses permit 30-60 days before payment is due. Perhaps you should consider reducing the payment terms to 14 days, or 21 days.

Amending your terms of payment can mean the possibility of receiving your money sooner rather than later. It can also mean that an unpaid account becomes delinquent within a month. You are within your rights to start collection activities before more precious time has passed.

2. Written Statements-Reminders & Follow Up Calls

Once an account goes past due, you should send a reminder statement to the delinquent customer to encourage payment of the past due bill. Be careful in your letters, and use gentle language, as the laws governing debt collection techniques are quite specific. Also, by sending written correspondence means you have a record of your attempts at collecting the past due account, in case future issues arise.

You may also choose to call the customer to remind them of their outstanding debt and to inquire about an estimated time frame in which payment will be made. You also need to be very careful about your wording and especially the timing of your call.

Under the Fair Debt Collection Practices Act (FDCPA), debtors are afforded certain protections. Make sure you follow these laws and guidelines, whichever methods of contact you choose.

3. Outside Collection Agencies

Sometimes no matter what you do, your debtors still wont pay their debts. Even if they are experiencing severe financial hardship of their own, this doesnt help your business if theyve received goods or services in good faith and then suddenly found themselves unable to pay the bill.

After you’ve exhausted all internal efforts and avenues of debt collection, its then time to contact a third party collection agency to pursue the outstanding account for you.

Collection agencies are professionals in their field of expertise. This means theyre already well aware of the specific rules and regulations that surround the debt collection industry. They are able to act on your behalf to recover any delinquent payments owing to you and the debt collection techniques they use are specifically designed to bring cash flow into your business sooner rather than later.

Facing Financial Crisis

It happens that one day you are going to work, making money, buying a house, raising a family, and the next thing you know your house is getting foreclosed on. It’s a terrible ordeal to have to go through and it should be avoided as much as possible but every day people seek a Houston bankruptcy lawyer for a consultation. If you’ve lost your job, can’t find gainful employment, are behind on your mortgage payments, or feel like you are in a financial crisis, then maybe it is time that you also sought the help of a bankruptcy lawyer in Houston.

The best thing that you can do to protect your family is to schedule a consultation with a Houston bankruptcy lawyer. The lawyer will give you the honest truth. They will tell you about bankruptcy and how it can ruin your credit score for many years. It can make it difficult to get a loan for a home or a car. In addition, filing for bankruptcy requires a lot of steps and paperwork.

The bankruptcy lawyer will likely suggest that you try financial counselling, debt consolidation, or to find a counsellor that can help you organize your finances. It may be in the best interest of your family if you take a second job to pay off some of your debt rather than file for bankruptcy. Any number of counsellors, coaches, and professionals can help you make an educated decision about bankruptcy.

During your consultation with the Houston bankruptcy lawyer you will be informed about what you can expect during the bankruptcy process. It is not an easy road to go down so you will need your lawyer with you the entire way. You will need to have meetings with your creditors and that includes your mortgage lender. You will want to take these meetings with your lawyer present. A creditor will want to know how the debtor got into this bind and how they intend to get out of it. The debtor should be prepared to explain the repayment plan that they have come up with. A good lawyer will help with this situation. The lawyer will be an advocate to have during these meetings. They will help you to stay on track, be professional, and look responsible.

The entire bankruptcy process is not easy. Any person will have a very hard time completing the process effectively without the help of an experienced lawyer. The lawyer knows bankruptcy laws because they study it and keep up with the changes. In addition, they have helped many people through the process. A Houston bankruptcy lawyer consultation is the first step for anyone who finds themselves in a financial crisis. They should not try to file for bankruptcy without legal representation. This could result in frustration, time lost, and more debt. If you are facing bankruptcy, protect your family by consulting with a lawyer right away.

Debt Collection in South Africa and the Law

Defining debt collection

The National Debt Collection Act 114 of 1998 controls the process of collecting debts in South Africa. Debt Collection is when an lawyer, a person who is an agent of an attorney or a registered debt collector collects, on behalf of the credit supplier, an unpaid amount plus legal interest, admin costs and collection fees, which by law is overlaid to certain amounts. If a debt collector charges for their services, they must be registered with the Debt Collectors Council. A debt collector is not allowed to do the following:

•Use force or impend to use force against you or your family

•Physically intimidate you or your family

•Give, or loom to give, information to the consumer’s employer that may disturb their opportunities as an employee

•Oblige any false legal documents

•Present themselves as police officers, sheriffs or officers of the court

•Spread, or threaten to spread, any untruthful information about your credit worthiness

•Charge more than the fees fixed down by the Council

What is the role of the debt collector?

It is imperative to know precisely what the role of the debt collector is. They are tasked with collecting money and typically have no interest in your circumstances. It is simple; your account has been handed over to them to recover the money you owe the credit provider. They are paid a percentage of the amount collected, while charging service fees for doing so.

Therefore, it is important to first verify any claims made by debt collectors. For claims about consumer finance, including personal loans, credit cards and store cards, you have a legal right to a statement of the amount owed and how it was calculated. If a debt collector refuses to send you copies of loan documents or statements for an alleged debt, you have the right to complain to the Debt Collectors Council. You are also entitled to refuse to pay anything until they give you details in writing and supporting documents to their claim.

Always remember that you should not sign an admission of liability, or consent to judgement, an emoluments attachment or garnishee order. One of the biggest mistakes consumers make is waiting until the last moment before starting the communication process. Consumers should rather be transparent with their creditors from the moment they sense a crisis is on the way. With the right approach at the right time, more affordable payment plans can be arranged.

At NuDebt Management they aim to connect, collect and celebrate. They realize that meeting collection targets without alienating clients, proactively securing payment commitments and actually collecting the cash on the expected date are all difficult to achieve. NuDebt Management has combined professional practice with cutting edge technology to provide an advanced debt collection and management service in which our clients have experienced improvements in their collections from 30% to 300%.