Category: Debt Collection

ASIC cracks down on debt management firm ads

Asic crackdown debt firms

Last week, smartcompany.com.au published an online article advising that ASIC has debt management firms in its sights as it looks to crack down on misleading conduct by debt management companies as personal insolvency rates are up 10%. Read the full story here or below… ASIC cracks down on debt management firm ads as personal insolvencies… Read more »

When Debt Collection Becomes Harassment

When Debt Collection Becomes Harassment

Debt collection is a serious and regulated business. There are rules and a code of conduct we adhere to, ensuring that, while collecting debt for our clients, debtors rights are also protected.

Confessions of a debt collector

debt collectors now look

news.com.au has posted an interesting article about the new look of the Debt Collection industry “DEBT collectors just want to help.

How far have you gone to recover your debts?

An article published last week on by Dinushi Dias from SmartCompany tells the story about a business owner camping outside his client’s office to recover a debt that was 742 days late. Here’s what they had to say … (or click here to read the article) How far have you gone to recover an unpaid… Read more »

Debt Collection 101 Part 3 – What to do when customers don’t pay

Collecting overdue accounts can seem to be a major hassle for SMEs, but the impacts of not staying on top of debtors can be devastating to business. Whether you’re a small or medium sized business, you deserve to be paid on time – no matter who your customers are. Last week we talked about ensuring your business has a sound… Read more »

Debt Collection 101 Part 2 – What to do when customers don’t pay

Collecting overdue accounts can seem to be a major hassle for SMEs, but the impacts of not staying on top of debtors can be devastating to business. Whether you’re a small or medium sized business, you deserve to be paid on time – no matter who your customers are. Last week in Debt Collection Part 1 we talked about avoiding… Read more »

Debt Collection 101 Part 1 – What to do when customers don’t pay

Collecting overdue accounts can seem to be a major hassle for SMEs, but the impacts of not staying on top of debtors can be devastating to business. Whether you’re a small or medium sized business, you deserve to be paid on time – no matter who your customers are. Over the next few weeks we will share with you 10… Read more »

Understanding Whether or Not a Collection Agency is a Liability

For many businesses, the process of debt collection is something which is essential to the wellbeing of their business. With that being said, there have been many questions that have risen in regards to whether or not using a third party collection agency will be a liability to the business. It is known that a… Read more »

Should Your Business Have a Credit Policy?

Poor cash flow can kill a business of any size. In the current economic climate it is becoming increasingly common for customers to pay late – even ones who usually have a good payment history. Customers who were already slow at paying are starting to pay later and later, and in some cases are defaulting… Read more »