New Jersey Collection Agency Since 1968 - BCA Financial Services

Medical Office Collections

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May 2021 Advisory


Download a good generic Medical Office "Procedures" that you can adapt for your office and put into use!


CLICK HERE (or on the symbol above) TO DOWNLOAD "Office Procedures"


BCA Financial Services Operating Procedures and Confidentiality Statement



I personally supervise all aspects, in this office, of the operating procedures and confidentiality necessary to comply with all state and federal laws.

A new New Jersey privacy law just went into effect on January 1, 2006 on which I attended a seminar in November 2005. Part of the law involves the confidentiality of debtors’ Social Security numbers as well as the proper security and destruction of records.

Additionally, BCA Financial Services complies with all HIPAA regulations.

As far as our operating procedures, our first concern is the compliance with the federal law, the Fair Debt Collection Practices Act. P.L. 95-109.

After a standard acknowledgment of a claim to your company, debtor is notified that a third party collection agency is attempting to collect a debt. They are advised of their (Miranda, as it has become known) rights to dispute the debt.

After the time limit (30 days) has elapsed, we attempt verbal contact while continuing mail communication, advising [them] of the consequences of advanced collection procedures as allowed by law as ultimately directed by you, the individual client.

John Debold
BCA Financial Services




Did you know... you could list as few as one (1) claim for collection at our Website?

We’ve got 48 years worth of medical collection know-how... and satisfied clients.

a fee unless we collect money

NY, NJ, PA - "Legal Rate" of interest

New Jersey, New York and Pennsylvania also have a "legal rate." In such states, as a general rule, if you have a contractual obligation that provides simply for interest without a specific term, or "interest at the highest legal rate" then the "legal rate" applies.

There is also a "judgment rate." That's the rate that final judgments bear. In states without a usury limit, there still may be a federally imposed limit because at certain very large rates of interest.

NEW YORK, the legal rate of interest is 9%; the general usury limit is 16%.

PENNSYLVANIA, the legal rate of interest is 6%, and this is the general usury limit for loans below $ 50,000, except for: loans with a lien on non-residential real estate; loans to corporations; loans that have no collateral above $ 35,000. Judgments bear interest at the legal rate. It is criminal usury to charge more than 25%.

NEW JERSEY, the legal rate of interest is 6%; the general usury limit is 30% for individuals, 50% for corporations. There are a number of exceptions to this law. Regarding these rates, you should always consult your attorney to confirm or be advised of rate changes.