Australian Debt Collection and Recovery Services
What is the Debt Collection ProcessHere are the 4 key steps to collecting your debt:
- Collect Information - Gather your invoices, contracts and documentation of your debt
- Make a phone call - Directly call your debtor and ask when you will be paid
- Letter of Demand - Send a debt collection letter
- Litigation - An overview of the debt collection legal process
How much is one good collection letter worth?
Think about it. For less than the price of a movie ticket - you could send a letter that will deliver a message to get your debt paid now.
But Composing A Legal Collection Letter Isn't Easy...
Sure you want your money, but you also want to maintain your customer relationship. You walk that fine line between being too nice and too aggressive.
Instead of spending hours composing, legally checking and formatting a letter, you can now download a revenue-generating letter instantly.
Buy a Debt Collection letter template now.
Does Someone Owe you Money?
The first step to debt collection is to send a letter of demand.
Purchase a Debt Collection Template, only $24.95 and recover your debt, now!
Debt Collection Tips and Advice
Debt collection is one of the services that most often requires legal support. In many instances it is necessary to have a lawyer involved in a debt collection matter.
ANZ Bank may have acted illegally by harassing debtors and seizing money from their accounts in breach of consumer guidelines. Confidential bank files reveal several cases involving breaches of consumer laws and industry guidelines by the ANZ’s debt collections department.
What are the issues related to personal debt recovery? Personal debt recovery from family or friends can be complicated.
There are elements of debt collection which change as a result of economic recovery. Debt collection tools such as debt collection letters remain the same.
There are a number of things to think about before hiring a debt collection agency. Get an idea of how you can maximize value from your choice of debt collection agency.
The meaning of a secured debt is that the debt is tied to the ownership of property by a debtor. The difference between secured and unsecured debt collection is that if you are the creditor in relation to a debt that is secured, there will be an asset which can be sold in order to realise the value of the debt.
In an interesting lesson for the debt collection industry, a consultant’s report to the Australian Taxation Office has found that the ATO was pushing too hard in its debt collection efforts with the result that the costs of enforcing debts was outstripping the amounts which were being recovered.
The debt problems in Greece and more generalised worries about an impending European debt crisis seemed to have triggered a very large worldwide sell-off which occurred on Thursday in all of the world’s markets. Debt collection of economic times is also conducted much more effectively by highly experienced a collection agency who were seen the same patterns before that relate to the debt or patterns of behaviour in tough economic times and the way that excuses can be used for non-payment as part of the more general social and economic malaise which is affecting society at present but has no relevance to the fact that they haven’t paid you.
Although it is easy to get caught up in the emotional aspects of being owed money often a cold analysis of the practical realities of debt collection will yield the best results. Many debt collection agencies work off commission, often between 30 and 40% of the total recovery.
Personal debts can be sensitive to collect. For this reason, we recommend referring a matter like this to a debt collection agency to see if the amount can be recovered quickly and easily.
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