How To Collect A Debt

Collecting an unpaid debt is a inconvenient and unwanted situation for anyone to be in. But if you are in a business that offers products or services on credit (you deliver the products or services and invoice for payment at a later date) then it is highly likely that at some stage you will be […]

What Is A Letter Of Demand?

Do you have an account that is severely overdue and now you need to send a Letter Of Demand as a final step before the registering the debt with the courts? A Letter Of Demand is the first formal step in the legal process to recover an unpaid debt and is generally a last resort […]

How to Write an Overdue Account Letter

How-to-Write-an-Overdue-Account-Letter

Having to follow up overdue accounts is a common part of being in business. But it’s also very frustrating and possibly fatal for your business if too many accounts are paid late and you run out of cashflow to fund your operations. But there are steps you can take to encourage on time payment of […]

Do I Have To Pay An Old Debt?

If you’ve recently been contacted about an old debt that you owe – or that someone such as a debt collector lender claims that you owe – there a few important facts that you should be aware of first. These facts relate to the type of debt and how old the debt is, and in […]

Debt Collection Mistakes Made By Small Business Owners

Overdue and unpaid debts can cripple or even fatally wound an otherwise profitable business. In fact the average invoice in Australia is paid 26.4 days late, one of the worst in the world. So if you’re not managing your overdue invoices and don’t take preventative measures to protect your cashflow you may soon find yourself […]

What Is A Statute Barred Debt

There comes a time when a debts are considered too old by most collection agencies to actively pursue. This generally happens when a debt become “Statute Barred”. A Statute Barred Barred Debt comes under the Limitation of Actions Act 1958 (Vic) (“LOA Act”), which explains that a creditor only gets a limited amount of time […]