Blog



BLOG

How to Avoid Debt Collection Phishing Scams

Consumer complaints about debt recovery are regularly among the top kind reported to government and legal agencies. These agencies have reported that fake debt collectors from fake debt collection agencies use several deceptive and abusive methods to make their customers pay up, including repeated calls, verbal harangues, and threats to reveal private debt information. read more...

Things That You Should Know Before Hiring A Debt Collection Agency

To run a business, you will need to keep your cash flow in order. This means getting invoices paid on time by your customers. However, as a business owner, you will inevitably encounter unpaid debts. Your clients won’t always pay their bills on time, which can cause a chain reaction that messes with your cash flow. Additionally, chasing payments and juggling your payables can be stressful. read more...

When To Collect And When To Forget A Debt

Debt collection is a topic not often discussed freely, however, if you own a business, it is likely you will come across unpaid debts at some point. Dealing with the problem of late payment for goods and services is not uncommon, especially in today’s uncertain economic conditions. More often than not businesses will attempt to recover a late payment with the debtor directly, without having a third party involved. read more...

All You Need To Know About the Corporate Debt Collection Guidelines in Australia

To run a business successfully, it is essential to have a consistent cash flow. However, if your clients aren’t making their payments on time, this can harm your cash flow, which can ultimately have severe consequences for your business. There are many ways to tackle customers who do not respond to your invoices. The two most common ways to settle this debt is to deal with the debt internally or by outsourcing it to a third-party debt collection agency that will take care of it for you. read more...

Is Debt Collection A Taxable Service?

Outstanding debts are a huge problem for business owners. It interrupts their entire cash flow process, which can easily lead to financial hindrance if the situation gets out of control. If a business is struggling to collect their debt independently, then it might be time for them to just bite the bullet and hire a debt collector or a debt collection agency. These agencies will then take over the debt collection process for the business and are more likely to get a positive result when dealing with the debtor.' read more...

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...