Fair Capital is a debt collection agency located in New City, New York that's been in business since 2017. Fair Capital specializes in healthcare debt collection, including for clinics, dental practices, hospitals, physician groups, private practices, urgent care, and medical billing. The collection agency can help businesses of any size collect deductibles, copays, coinsurance, non-covered services, and any other out-of-pocket fees.
Fair Capital is a member of both the New York State Collectors Association and the Association of Credit and Collection Professionals. Members of these organizations adhere to strict ethical standards and have access to educational materials not available to the public.
Fair Capital offers two pricing options for its clients: flat-rate and a “no money, no fee” option. Flat-rate pricing is charged up front and typically ranges from $15 to $25 per account.
“No money, no fee” pricing depends on the age of the account, the average balance, the account volume, and the account industry. It typically ranges from 25 percent to 45 percent of the debt collected per account. If clients choose this option, they won’t be charged unless and until the debt is collected.
Fair Capital offers free quotes for potential clients. All that’s needed for a quote is the number of accounts the client is collecting from, how much money the client wants to collect, and how long on average the debts have been outstanding.
Fair Capital offers a 24/7 online portal where clients can make payments and access customizable reports and updates anytime it’s convenient for them.
Fair Capital has only been in business for three years, which could put the debt collection agency at a disadvantage compared to more experienced companies.