Medical debt collection agency and the economic impact of changes in the healthcare industry

February 3rd, 2016 by New World Collections

Every medical debt collection agency has seen a significant increase in medical debt and will continue to do so in the coming years.  According to the Centers for Medicare and Medicaid Services, U.S. healthcare spending reached $2.8 trillion ($8915 per person) starting in 2012.  These totals are expected to increase sharply by 2020 with estimated […]

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Hiring the right collection associates to help consumers effectively resolve accounts

February 2nd, 2016 by New World Collections

It is very important in today’s economy to hire the best collection associates to recover debt for their respective agency as well as the clients they serve. In order to achieve the best results, new ideas should followed to help consumers resolve their accounts. The following ideas should be applied with collection associates and it […]

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How to manage your debt to avoid debt collection agencies

February 1st, 2016 by New World Collections

Having some debt is a part of most everyone’s life at one point or another. How you budget and manage your debt to avoid debt collection agencies is not as hard as you may think. Granted, some debt is unforeseen and can drastically alter your financial situation, but in many cases your commitment to finding […]

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2 important facts regarding debts placed with credit and collection service companies in Indiana

February 1st, 2016 by New World Collections

When it comes to recovering debt for your business, there are 2 important facts regarding those debts you should be aware of when placing them with credit and collection service companies in Indiana. These facts are guidelines that  must follow when attempting to recover debts on your behalf. Generally speaking, consumers are only responsible for debts up to […]

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What are your rights when being contacted by a debt collector?

January 30th, 2016 by New World Collections

There are many debt collectors who may use deceptive tactics or blatantly break the laws to coerce you into paying a debt you owe. As a consumer owing debt and receiving contact from a debt collector, you have a multitude of rights listed under the Fair Debt Collection Practices Act. These rights, if violated, are […]

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Collection agency Indiana–Adding Collection Fees to Delinquent Accounts

January 29th, 2016 by New World Collections

Can a collection agency Indiana add collection fees onto delinquent consumer accounts? Ultimately, the answer depends on the laws of the state of Indiana. Some states allow it, and some don’t. In the state of Indiana, the law is silent as to what amount can be added to a debt. In addition, under the FDCPA, […]

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What does an Indiana collection agency do to recover debt?

January 28th, 2016 by New World Collections

Although Indiana debt collection laws differ from other states, an Indiana collection agency will recover debt using the same traditional methods as every collection agency regardless of what state they reside in.  Below is a list of what process/services collection agencies will typically provide to a business needing debt collection assistance: *Mail debt collection letters […]

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5 Secrets to choosing the right debt collection agency

January 17th, 2016 by New World Collections

Collection agencies play a role in representing your business and the image you hold in the public eye, there are some specifics you need to ask them to know you are making the right choice.

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What you should do to get paid faster and reduce bad debt

January 17th, 2016 by New World Collections

What can you as a business owner do to minimize accounts from going to bad debt and over to a collection agency?

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How to supplement the success of your debt collection agency

January 17th, 2016 by New World Collections

Many businesses assume collection agencies have all the tools and technology necessary to recover a lot of money for them. In some cases that can be true, but businesses may not realize what role they can play in helping their agency return more cash flow back to the business.

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