The Most Common Reasons Stopping You from Hiring a Debt Collection Agency Collecting outstanding debt is one of the most common problems that business owners face, and it is not an easy task. Debts can disrupt your cash flow, drain your time and sometimes drain your patience.
Continue readingHow to Approach Debt Collection If A Company Becomes Insolvent
Insolvency is the circumstance of being unable to pay the debts, by a company or person, on time. Insolvency becomes an issue when a creditor seeks to collect, and the debtor can’t pay what’s due. Just because a company has or is about to enter insolvency, it does not mean the company has lost everything […]
Continue readingPersonal And Business Debts Aren’t The Only Debt Troubling Australians
What is going on with government debt as states and territories report budget deficits? At the beginning of October, rating agency Standards & Poor’s released a report stating that the Reserve Bank of Australia may need to support the states and territories through the coronavirus recovery, by buying more of their debt.
Continue readingFive Tips For Managing Debtors Effectively
There is no doubt that debt collection and creditor management is a sensitive topic. However, the reality is that unless your business relies entirely on being paid before goods or services are provided, there is a very high likelihood that at some stage you will have revenue owed in the form of debts that have […]
Continue readingCommon Misconceptions Of Hiring Debt Collectors
The truth about debt collectors and how they can help your business. Outstanding invoices and debt can be a nuisance to any business. Sometimes no matter how hard you try to handle it yourself; the debt eventually turns into bad debt and you have no luck receiving it from the debtor.
Continue readingRelationships And Timing – The Key To Successful, Responsible Debt Recovery
As a consequence of the global impact of the COVID-19 pandemic, Australia’s economy is in recession for the first time in three decades. Unemployment is hitting highs that haven’t been seen since the 1980s and the Commonwealth Government is set to wind back some of its income support measures, such as Job Keeper. Many households […]
Continue readingSimplifying and Improving Debt Collection with Technology
Even the toughest jobs get simplified by having the right tools and technology, and debt collection is no exception to this rule. Today, next-generation debt collection is transforming how your bad debt is pursued.
Continue readingProfessional Credit Management – Expert, Specialist, and Relationship Driven
Managing the collection of overdue credit is a sensitive topic which requires an expert and professional approach in order to best manage the interests of all parties. When many people hear the term debt collection the image conjured up is one of burly men making threatening house calls. In these modern times, nothing could be […]
Continue readingWhy A Tailored Solution And Not A One Size Fits All Approach Is The Best Way To Approach Debtors
Just as every individual in Australia is different in many ways, we also all have different financial situations. There is a wide range of reasons that someone may be struggling to honour an outstanding debt, depending on these individual financial circumstances.
Continue readingEffective Debt Collection Is About More Than Just A Transaction
Debt management is not an easy task. As time passes, the likelihood of recovering unpaid funds reduces significantly. If you’ve been unsuccessfully trying to recover debts owed for several months, then it’s probably time to consider engaging an expert credit management agency to take on the challenge.
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