Attention Medical Clients

Date: January 6, 2016

To: All medical clients

From: Wes Fisher

Re: New Credit Reporting Rules

Included as part of the comprehensive collection and recovery service we provide you we regularly report bad debt to the credit bureaus.  This is an important step not just for recovery purposes, but to maintain the integrity of a consumer’s credit report.

New rules have been established by the Credit Bureau’s resulting from an action filed by the New York Attorney General related to medical debt including specific time lines related to delinquency.

The new rules include a provision prohibiting the listing of medical debt on a consumer report that is less than 180 days old from the date of first billing.   With this in mind it will be important to include this information on the listing material that you submit to us.   This does not mean that you can’t list the account for collections earlier than 180 days.  In fact, we encourage you not let an unpaid debt go past 90 days before listing it for collections.  The earlier we get the account the more effective we can be in making the recovery.

Although this rule doesn’t go into effect until next year we want to stay ahead of the implementation by beginning the practice of entering the first billing date when setting up your accounts.  

So, when submitting accounts for collection in the future please highlight the date or write it on the account detail so we can enter it in the appropriate credit reporting field.

If you have any questions please feel free to contact me directly at the number above. 

We sincerely thank you for allowing us the privilege to service your recovery needs and look forward to continuing that relationship into the future. 


              “Our Community.  Your recovery partner.”