FAQs

Today it is extremely important to clearly demonstrate the critical importance of taking positive action when an accounts receivable ages past its due date. Today’s competitive economy requires that companies maintain a healthy cash flow with the ability to adapt to changing market conditions. Companies must take a hard line on past due receivables, and turn them over to professional help when their internal efforts have not proved successful and within at least 120 days for best results.

The use of a quality third party collection service provides the client the following benefits:

• Reduced overhead
• Increased cashflow
• Increased production
• Minimizes future bad debt problems

The probability of full collection on a delinquent account drops dramatically with the length of delinquency...

for example per current statistics, even after only three months (90 Days), the probability of collecting a delinquent account drops to 73.1%. After six months, 50%. After one year, the probability of ever collecting a delinquent account drops to 25%.

Yes M&A is licensed in the majority of states across the county. We utilize very robust technology to locate, track down and pursue outstanding accounts whether they originated in Ohio or not.

Yes, with your consent and if necessary, we will seek judgment and garnishment. The court costs are required to be pre-paid by you our client, and will be added to the amount being collected and reimbursed once a judgment is received and the debt is collected through wage garnishments, bank levy or asset sale.

Skip tracing is the process of locating information on the past due account holder, such as a current or alternate address and telephone number/s, places of employment, names and addresses of family members, friends, ex-spouses, locating assets such as property, bank accounts, or automobiles, finding relatives' telephone numbers, and much more to assure the recovery of your accounts.

There are many debt collectors out there that are ready, willing, and able to take on your business, but your goal is to align yourself with a collector who can deliver the best results. With bigger firms comes complexity and agencies with hundreds of collectors on staff are bound to cross FDCPA boundaries and rules and therefore can be more susceptible to lawsuits. Medium to smaller collection companies have more unilateral control over how their collector’s operate, as well as the organization’s policies, the corporate culture, and employee attitudes. We at M&A believe that customer service and availability are the primary contributors of a company’s success. We pride ourselves in being large enough to accommodate large corporations, but personable enough to focus on small operations as well. Because Meade is also our family name we will not allow our collectors who represent our clients tarnish our strong reputation.

Yes, the older a debt the harder it is to collect. It is always best to refer accounts within the first 60-120 days past due.

Meade & Associates needs the following documents: (If Available)

• Account Ledger/Payment History
• Patient/Customer Registration Form
• Signed & Dated Payment Policy or Financial Agreement

We only need your practice information to generate a service agreement for your review and signature. Our service agreement details what is to be expected of each party and it is not a time specific contract. Please Contact Us for more information and to answer any other questions.