What-Does-Trade-Credit-Insurance-Cost What Does Trade Credit Insurance Cost

Investing in a trade credit insurance policy for your business is a very wise decision if you want to avoid issues that may arise from bad debt. Bad debt can eat up your resources, destroy your cashflow and cripple your business to the point of no return. So What Is Trade Credit Insurance Trade Credit […]

Setting-Up-Trading-Terms-And-Conditions Setting Up Trading Terms And Conditions

As a small business owner you’re never short on lists of tasks that require your attention. Especially when starting out it can be hard to know what are the most important things to work on first. Crucial tasks like finding customers and developing and delivering your product or service will be first and foremost on […]

What-Is-Trade-Credit-Insurance What Is Trade Credit Insurance

Trade Credit Insurance offers your business greater protection against customers who fail to pay their trade credit debts owed to you. There are many reasons why this may arise, with most of them being outside of your control, such as: Customer Insolvency, which also includes Bankruptcy, Deed of company Arrangement, Administrations, Receiver Manager and Liquidations. […]

How-To-Collect-A-Debt 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 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 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 guidelines and recovery 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 […]

5-Steps-to-Fixing-Bad-Credit 5 Steps to Fixing Bad Credit

Credit Reports And Why They Are Important Your credit report is a very important collection of information which shows your complete credit history. Credit reports are important for both businesses, banks and lenders to determine whether they should lend you credit. Giving credit is a privilege that customers must earn. Ultimately, credit reports are used by banks […]