POSTS TAGGED : debt collection

Debt and Payment Collection Advice for Your Small Business

When you’re a small business owner, every penny counts. And when you have customers or clients who have failed to get their payment to you on time, it’s enough to make any business owner a little anxious. You have bills to pay and want to progress within your industry, but at the same time, you’re worried about alienating the small number of clients you already have.

Debt collection meeting

It’s a difficult situation to be in. But unfortunately, one that’s incredibly common!

It’s important to remember that there are often two kinds of debtors. Some clients may have simply forgotten to pay either through poor organisation or by error.…

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How To Identify A Credible Debt Collection Agency In Australia?

One of the main challenges many businesses face is the recovery of bad debt. Many businesses simply don’t offer any credit options. However, if you opt to extend lines of credit, it is valuable to work closely with a reputable debt collection agency. Credible debt collectors can help you avoid getting bad debt and save you the trouble of debt recovery.

Debt collection agency

Here are some tips on how to identify a credible debt collection agency in Australia.

1. Learn the Basics of Debt Recovery in Australia

Study the basic principles of debt recovery before you talk to debt collectors. This will give you an understanding of the typical terms and conditions used in the industry.…

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Why It is Dangerous to Keep Extending Debt Collection Time Frames

In the movies, debt collectors are thuggish, scary-looking individuals who hound consumers and threaten them with shame and physical harm. In the real world, unless of course, you borrowed from the mob, your debt collector is more likely to be a polite, well-dressed professional who will talk to you nicely with a sprinkling of legalese.

Debt collection

As a debt collector, the first thing you should do when you contact a debtor is to tell them what their rights are. Let them know that they can legally challenge their debt so that they don’t feel bullied or trapped. Then inform, clearly, of how much they owe, who they owe it to, and when the debt is due.…

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How To Deal With A Debt Collection Agency?

In recent times, ignoring creditors’ phone calls and failing their continuous attempts of setting the debts has become a massive issue. Though a majority of individuals do not ignore creditors intentionally but yet it seems like you are making a big mistake by avoiding them.

Debt collector

If you’ve been recently contacted by a debt collection agency for the first time, you may worry that this can happen again anytime in upcoming days. After all, those big long pending bills and lack of the time to pay it, is such a combination that one can never take lightly once the matter goes to a collection agency.…

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