Debt Collector Vs Lawyer: Who To Choose For Collecting Unpaid Debts

So you have a customer who has an overdue account and is not making an effort to pay. You have taken a number of steps to recover the funds yourself such as sending a reminder email, making phone calls and sending overdue payment letters. Yet still you have not received payment or worse you cannot […]

Why Businesses Should Credit Check New Customers

In many businesses it is common practice to extend credit to customers. If your business provides products or services and receives payment at a later date, you are effectively loaning money to your customers, and if I were loaning money to people or businesses I didn’t know I would want to find out about their […]

Small Business Debt Statistics: 7 Tips To Remain Cashflow Positive

Australian small businesses are owed $26 billion at any one time because of unpaid invoices as reported in the SMH in November last year. Research published by Intuit shows that of the 508 small businesses surveyed, the average SME is left in the red to the tune of an average $13,200. As a small business owner you’ve typically been […]

Expanding Your Business? Minimise Risk With Credit Insurance

Most business owners want to grow their sales and profits, acquire larger clients, and expand into new territories. But achieving this growth comes with greater financial risk that can leave you vulnerable to financial losses and even bankruptcy. What many business owners don’t know is that you can reduce and manage your risk levels with […]

How To Protect Your Business From Clients’ That Go Bankrupt

Do you ever worry that your business might go broke if a large customer goes bankrupt, won’t pay or skips town? This potential scenario can add a lot of stress, risk and uncertainty to running your business. It can also make it very difficult to manage cashflow and plan for the future. The sad thing […]

How To Hire a Collection Agency

If you’ve never used a debt collection agency to recover unpaid accounts for your business then it may be a bit daunting figuring out… Where To Start? What Questions To Ask? Is It Worth Hiring A Collection Agency For Your Unpaid Debts? What Information Do I Need To Provide? This short article will answer all […]

What Can Debt Collectors Do If Customers Don’t Pay

Most the time the customers and clients you deal with will pay with no problem at all. But without a doubt there will be times in your business when you provide a product or service and your customer simply can’t or won’t pay (even after a friendly reminder), and further action is needed to recover […]

How Much Do Debt Collectors Charge?

When a company or individual owes your business money, a quick and easy way to recover the funds is by contacting a licensed and experienced debt collection agency that will chase up the debt on your behalf. Debt collection agencies can take away the stress, hassle and time it takes to recover unpaid accounts so […]

How Legally Binding Terms Of Trade Can Save You $1000’s

Does your business offer credit to customers? (You may not think so but if you deliver goods or services and get paid at a later date then you do offer credit.) Does your business have legally binding Terms of Trade (sometimes called Terms and Conditions)? Do these terms of trade protect you and your businesses […]

What Do Debt Collectors Do?

The role of a debt collector can cover a lot of different areas, but in its most basic form, a debt collector is hired by a company to recover money that is owed to them. Many very large companies will have their own in-house collection agencies but for those of you that don’t have the […]