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 […]
Continue readingAll 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 […]
Continue readingIs 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 […]
Continue readingDebt Terminator – The Most Efficient and Effective First Step To Recovering What You’re Owed
So, you’re considering engaging a debt collection agency to secure unpaid funds? Chances are you have spent a considerable amount of time chasing payment already. You and your team are probably frustrated and a bit desperate wondering whether or not you’ll be able to recover the unpaid funds.
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 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 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 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 readingThe Importance of a Debt Collection Agency: Should I Hire One?
Dealing with a Debt Laden Client Ledger? Hiring a Debt Recovery Agency Can Help! When it comes to business, cash flow is the most essential aspect. No business wants to be deprived of the money it has earned, particularly because of suppliers refusing to pay you back or a customer unwilling to settle the debts. […]
Continue reading6 Common Myths Preventing People from Hiring Debt Collectors
Outstanding invoices can be a hindrance to all businesses from SME’s to Enterprise. If you do not take the required steps, they often turn into bad debts. A customer that doesn’t pay, isn’t a good customer. If they aren’t doing business with you and they owe you money, it is most likely because they owe […]
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