At a glance Conducting background checks and gathering information can help assess a client’s reliability and financial stability to prevent late payments. The importance of establishing clear payment terms, including specific due dates and multiple payment options, in preventing late payments. The necessity of clearly communicating the consequences of late payments, such as late fees […]
Continue readingIs it Beneficial for Your Business to Engage a Debt Collection Agency or Collaborate with a Debt Buyer?
At a glance: Australian businesses face challenges in debt recovery, impacting cash flow and operations. Options for debt recovery: debt collection agencies and debt buyers. Debt collection agencies offer expertise, resources, higher recovery rates, and maintain relationships. Debt buyers provide immediate cash flow, transfer of risks, potential for discounted debt purchases, and streamlined debt management.
Continue reading