Remove Credit Management Remove Debt collector Remove Debt Recovery
article thumbnail

10 Credit Control Tasks You Can Do Before Outsourcing to Your Debt Collector

Debt Recoveries

The COVID-19 has taken the world by surprise and we at Debt Recoveries Australia and ADC Legal wanted to share some our top 10 credit control tasks you can complete before you send the debt to a debt collector. AICM ( Australian Institute of Credit Management) is a particularly useful point of reference.

article thumbnail

Why Use A Debt Collector?

Debt Recoveries

So why use a debt collector instead of doing it yourself? Here’s why: Quick action results in a higher recovery rate. This is why it is important to outsource to a collector as soon as you can. Debt Recoveries Australia is licensed to provide collection services in all Australian jurisdictions.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

7 Basic Debt Collection Tips from a Debt Recovery Company

Debt Recoveries

Indeed the best credit manager may require the assistance of a skilled debt collector at some point. Furthermore, any business or company that provides credit will require the services of a good debt collection agency, especially with a recession around the corner. . Keep trying. . or 1300 799 511.

article thumbnail

How to Prevent Bad Debts in 2023. Tips from a Debt Collector

Debt Recoveries

How to Prevent Bad Debts in 2023. Tips from a Debt Collector . Credit control and debt collection are the two most crucial components of sustaining a solid cash flow since, as they say, cash is king. Do you employ a credit management system? The post How to Prevent Bad Debts in 2023.

article thumbnail

What is Credit Control and How to be a better Debt Collector

Debt Recoveries

Credit control is the process of overseeing and collecting payments that consumers or clients owe your company. Establishing credit terms, assessing creditworthiness, generating bills, and keeping track of past-due payments are all part of it. Please contact us at email@debtrecoveries.com.au or 1300 799 511.

article thumbnail

How to Reduce Your Collection Cost and Boost Your Cash Flow

Taurus Collect

This is where the innovative concept of No Cure No Pay debt collection in the UK presents a compelling solution. Designed to mitigate financial risks and enhance efficiency in debt recovery, this approach offers businesses a safety net, ensuring they only incur a cost upon successful collection.

article thumbnail

How to go Through the Legal Process to Collect Debts

Debt Recoveries

We,here at Debt Recoveries Australia, are getting a lot of questions from companies who want to start legal proceedings but don’t know how? This is why our partner, ADC Legal Litigation Lawyers, is recommended, a “one-stop shop” for debt recovery and litigation in Australia. . Step 2: Legal action .