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 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-terms-of-trade-help-overdue-accounts 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 […]

small-business-how-to-collect-outstanding-debt Small Business: The Right Way To Collect A Debt

If your business provides products or services on credit (you deliver the product or service then collect payment later), then eventually you will run into a customer who pays late or not at all. When this happens you need to be careful about how you proceed to collect that debt to ensure you don’t break […]

improve-small-business-cashflow 6 Tips To Improve Your Small Business Cash Flow

Are you aware that even if your small business is generating a profit you could still go bust? In fact 60% of businesses that close down are profitable but they simply run out of cash because of poor cash flow management. As a small business your are often so focused on generating new business, servicing […]

5 Tips For Preventing Bad Debt in Business

1. Perform a thorough background credit check More than 80% of small business owners’ have experienced cash flow problems in the past 12 months, according to an online survey. The survey highlights that only 17% of businesses conduct credit checks on new customers. The report also shows that a key contributing factor to business owners’ […]

4 Tips Small Businesses Can Implement in 2016 to Get Paid Fast.

4 tips small businesses can implement in 2016 to get paid fast. Business Victoria highlights that getting paid and managing cash flow are in the top 5 small business problems for Australian businesses. It’s can be easy to point the finger at the customer when it comes to unpaid accounts but often the business can […]

how-long-do-you-have-to-recover-unpaid-debts How Long Do You Have To Recover Debts?

Recovering old debts is an issue that many businesses deal with on a regular basis. But how long do you have to recover your unpaid debts? How long before debt becomes uncollectible and is written off? To the letter of the law a creditor has 6 years from the date… on which the debt became […]

how-to-write-a-letter-of-demand-australia How To Write A Letter Of Demand

Writing a Letter Of Demand for payment is usually the last step you will take when trying to recover an unpaid debt before taking legal action. You should only consider writing a letter of demand if all other reminders and friendlier options have been exhausted, and your debt has still not been paid and the […]