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List of collection agencies in Nevada
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Statute of limitations (SOL) in NV are
For oral contract debts: 4 years
For written contracts: 6 years
Once the debt becomes old and hits the above threshold limit, a collection agency loses the right to sue the debtor or patient.
All collection agencies are required to abide by the Federal and State debt collection laws. In Nevada, both party consent is needed to record calls. A lot of patients who visit hospitals are tourists visiting Las Vegas, Reno, Lake Tahoe and Death Valley and do not pay their medical bills in full. It is very important that medical and businesses should hire a collection agency that is licensed to collect debt in all 50 states.
Prompt action is the key to maximize collections. Therefore accounts for more than 60-90 days should be promptly assigned to a debt collector to avoid loss.