Friday, June 25th, 2010
Reporting deliquent accounts to the three credit reports?
Annie asked:
I work for a psychotherapst in a private practice. We have several accounts (the patients of course no longer come for sessions) with past due balances in the thousands of dollars. I am interested to know how, or even if, small businesses can report pass due accounts to the three companies that provide credit scores and reports? I am aware that there may be some issues of breech of confidentiality by releasing the info, so will not proceed until I have addressed them, but would like to know if reporting them to the agencies is even possible for small companies. Thanks so much.
I work for a psychotherapst in a private practice. We have several accounts (the patients of course no longer come for sessions) with past due balances in the thousands of dollars. I am interested to know how, or even if, small businesses can report pass due accounts to the three companies that provide credit scores and reports? I am aware that there may be some issues of breech of confidentiality by releasing the info, so will not proceed until I have addressed them, but would like to know if reporting them to the agencies is even possible for small companies. Thanks so much.
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June 25th, 2010 at 10:55 am
WEll to my knowledge . Yes you can you have to look into it more contact the agencies. I worked for a small practice as well and it wouldnt be that long before I would send the account to collections. Def, the owner didnt play at all. Like she wouldnt allow the acount to go to thousands of dollars before sending the account out. Im not particularly sure about the details but for the software accounitng books I used it was just a matter of sending them to collections. Which there account would not be in my active patients anymore the whole account would go to a select group and then id say she would turn those accounts over the the credit bureau and what not. Id suggest contacting the credit companies.
Good Luck