PPSA and how it impacts on Retention of Title

The Personal Property Securities Act was introduced in January 2012. This act essentially combines approximately 40 previous registers of security interests (for example the ASIC register of company charges) into the 1 single register; the PPSR (Personal Properties Securities Register). On top of all previous registers, the PPSR also includes a further register not previously […]

How to defeat a preference claim from a liquidator.

A key part of a Credit Manager’s role is to get debtors to pay. Once a company enters liquidation, it all too frequently happens that a good Credit Manager’s role is undermined with the issue and receipt of a demand letter from a liquidator demanding that all their hard work is undone – all in […]

What changes does Comprehensive Credit Reporting bring?

The Privacy Act 1988 (the Act), which is the legislation governing consumer credit reporting in Australia, has been amended to introduce comprehensive credit reporting. Comprehensive credit reporting changes the type of consumer credit information that can be collected by credit bureaus and used by credit providers when making a lending decision. This change came into […]

Why Debt Collection Companies are better than lawyers

Chasing a debtor in order to recover your hard earned money is never a pleasant experience. Whether they are avoiding their payments because they can’t afford it, need more time, or are just professional debtors, it’s never a pleasurable task. These people exist in every country in the world and Australia is no exception. The […]

Enlisting a debt collection agency to assist in Debt Collection

The process of debt collection is by no means a pleasant experience, yet in today’s world both nationally and abroad; it remains an ongoing practice for those who wish to call in their debts. Reasons for debt collection vary, but they generally encompass the following: your debtor is unable to pay back the money owed for financial […]

Three Effective Debt Recovery Strategies

When you a hire a reputable and professional debt recovery team, they will have a variety of strategies they use to make sure your debts get paid and customers are not harassed during the collection of those debts. While every company has its own proven strategies, there are three tactics that debtors appreciate most, and […]

Why Hire Professionals for Debt Collection?

With so many credit agencies hiring debt collection agencies, the industry is expanding fast, which means there are a lot of companies out there who aren’t necessarily reputable or proven effective.  When you hire a debt collector, it’s important to make sure they are an experience professional who uses ethical and legal strategies to collect the debts they are […]