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Description
It is never a pleasant task to take action on a patient's bad debt. After all, this patient has potentially been with you a long time, is generally a very nice person, and you trust them! In these challenging economic times, it has never been more important to develop systems regarding bad debt and especially to know the law. One report I recommend in all my seminars and to all my clients is "The Fair Debt Collection Practices Act." This is an 18-page report that explains the legal requirements you must follow to collect bad debt. Because this is a federal report, it is in your best interest to find out what your state requires. A great website to check out is www.lawdog.com. It gives wonderful, thorough information on what your specific state requires.
Most states follow "The Fair Debt Collection Practices Act." The website... |
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