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What Is The Outlook For Debt Collection Post JobKeeper?

With emergency measures such as JobKeeper and Jobseeker approaching their termination date, a spike in debt has increased the interest of corporate investors and the need for secure and empathetic online debt collection. Since the first Coronavirus lockdown, a combination of the Federal Government’s wage subsidy schemes, rent, and bank deferrals and a flexible Australian Tax Office has made debt collection a tall order in 2020. read more...

Why Is There An Impending Surge In The Demand For Debt Recovery Services? 

The Australian economy, like many others, has suffered hugely throughout 2020 as a result of the coronavirus pandemic. The national debt grew in March, as many businesses were forced to temporarily close, in order to align with government restrictions, set to ease the spread of the virus. We were not the only country to see this happen, and we were also not the only country that saw an impact on the economy because of it. read more...

When Should I Hire A Debt Collector?

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. read more...

How 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 and they cannot pay you back. read more...

Five 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 to be recovered. read more...

Common 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. read more...

Relationships 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 and businesses are feeling the financial pinch and it’s not likely to ease in the short term. read more...