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Australian Debt Recoveries

Australian Debt Recoveries

Probably your first port of call on Australian debt recoveries is a search on google. This particular search will net you 1,300,000+ results. Not much use if you are looking for something more specific.

australian debt collector

Reading our article for 10 minutes will save you hours of struggling through volumes of google search pages. You will find our tips truly awesome, for researching any location for a multitude of services. From debt collectors to bakers or great bars.

Consider this our personal guide to help you with Australian debt recoveries.

Tabel Of Contents

Time needed: 5 minutes.

How to find an Australian Debt Collector in 5 Mins

  1. Open Google Maps

    google.com/maps

  2. Enter a location

    In the top lest hand search box enter a location. It could be Australia or Brisbane or Sydney

  3. Enter Service Required

    You might require a business to business collection agent or a personal debt collection agent. You can try a few variations.

  4. Click On Marker

    You will see red markers. Click on one to see the full details of the business you might want to use.

  5. Make The Call

    You need to call them. not email or SMS. You need to know that they can think on their feet.

  6. Sample Search

    Here is a typical example of a search for debt collector in Brisbane.

Debt Collectors Australia

What you probably need is a method in which to find debt collectors in Australia. As with the above, if you simply search google you will be inundated with 3.5 million search results! Plus, a couple of dozen adverts. You can narrow the search by using google operators:

Our 2 favorites are:

  • allinurl: debt collectors australia – this will return a more helpful 305 results
  • allintitle: debt collectors australia – returning a more manageable 510 results

This is the method that international and interstate companies will use to find trading partners. They will then assign your debtor to a third party.

Occasionally Google will flash up a warning saying that they recognize unusual activity on your computer.  They do not like you using their search engine tools – which they built to make things easier. Its as though they want to keep it a secret. Just click in the box and continue.

How to find nationwide debt collectors in Australia. or visi this page if you are intersted in an international debt collection agency. It has information to hep you locate a suitable agnet for you, no matter where in the world.

You can get more detailed information by visiting our pages covering:

On our pages you will find our simple guide to finding a debt collector in Australia – easily.

Googles Not So Secret Search Engine

To make your search even easier you have to give Google maps a try. It is easy to add “near me” or “Australia” at the end of a search. However, this can be miss and hit. The video below shows how to complete an effective search in awesome detail. But the basics are:

  1. Open google maps
  2. Search for Australian debt collection agencies or Australia debt collectors

It all becomes very apparent in 54 seconds. Have a look at our video showing you how to use Goolge maps to locate a great Australian agent.

The instruction for cities is different. Simply visit the links above. If your location city our town is not on our list, simply substitute your city in the search box.

Australian Debt Agency List

The biggest players in Australian debt collection are:

  1. debtrecoveries.com.au
  2. ausdebt.com.au

These 2 Australian debt collectors focus on different aspects of debt collecting. Ausdebt focus on software solutions for business. Whereas debtrecoveries focus on; you guessed it. Debt recoveries from consumers and businesses.

On the face of it you would appear not to have many options to recover your debts. If you are collecting single international debts, small business debts or personal debts then option 2 is not for you.

On the other hand, if you choose option #1, the absolute minimum commission you are going to part with is 11%. There is no doubt that for skip tracing they would be your first choice. They have data on debtors that probably no other Australian debt agency owns. If you know otherwise, leave a comment.

They offer some free templates that are useful, when trading in Australia.

  1. tax invoice
  2. letter of demand
  3. credit application and terms

General Debt Advice

Australian Debt Agency List

Make sure your customer or debtor is able to pay you. Never throw good money after bad. If it is something different you want to achieve; Resolute Collections has various services, we can offer at a fixed investment.

Some Commonly Asked Questions

Will I Be Successful?

Depends. 2 cornerstone pillars – make sure debtor has money and be quick. Early bird catches the worm (snake).

What If The Debtor Has No Money?

Debtors rarely have money when you ask them! Get a professional debt collector or use one of our solutions.

Will I Get All My Money Back

Negotiation or litigation. The former can be quick whilst the latter can get all your money back eventually. Lawyers and debt collectors are great negotiators.

Commercial Collection Agency

If you are looking for a debt collector or commerical collection agency, we have a page on that subject. Many agencies specialise and understand the law when dealing with companies. You will discover many debt recovery providers in niches, to make recovering your debt as stress free and as succcesful as possible.

Your Comments and Stories

We love to share your successes or otherwise regarding Australian debt recoveries and debt collectors. 5 minutes of your time could save a business or someone’s life savings. Or email us and we try and find a solution for you.

small business debt collection

Small Business Debt Collection

Small Business Debt Collection

For the purpose of clarification, when we speak of small business debt collection, this article is for the creditor. It is to highlight the options for a small business to collect their debt cheaply and quickly.

A large debt or several small debts defaulting, can bring a small business to its knees. This is especially true if the debtor goes into bankruptcy, flees, or simply will not pay you.

Time needed: 10 minutes.

How To Collect Small Business Debt

  1. Move Quickly

    The quicker you move the better. Get the final demand letter to them and make a deadline

  2. Is There Money?

    Does the company have money NOW. Pay me today or tomorrow. If they do not pay you – start step 3. No waiting. Start the clock ticking

  3. Move Quicker

    Start court proceedings within a maximum of 60 days overdue.

  4. No Success?

    Think out of the box. Maybe there is something in our box.

Your Options

The great aspect of modern technology is that small businesses can leverage the power of the largest debt collection agencies. But this can only work if the debtor has something to pay with. Many customers suddenly become professional nonpayers by hiding their assets. And with international banking and travel so simple – they can simply transfer cash to anywhere.

business debt collection

So, what are the debt collection options for a small business.

The first step is to send a reminder letter and a final demand. These letters HAVE TO BE followed up with a professional phone call. Your reminder, final demand and call must be within 30 days of payment being due. Either you or a professional must create a small business debt collection letter.

A telephone call should always be preceded by a reminder letter or email. It gives your call “legitimacy”. With over 40 years’ experience we understand that you need to refer to something.  

You can do this yourself or have a debt collection agent do it for you. A small business debt collection agent is the better option. However, make sure you understand the fees and commission.

  1. No emotion. Neither you nor the agent should be angry, sad, or aggressive.
  2. Debt collection agencies have heard every story in the book. DCA’s deal with this day in and day out. An excuse being only an excuse. It is not a reason for nonpayment. There are no reasons, apart from fraud.
  3. A collector should remain focused on the debt – nothing else. Not charges nor extra fees. Do not become distracted. Be focused on collecting the debt, first and foremost.

Small Business Debt Collection Outsourced

The step above is reasonably cheap and works quickly. You certainly know if the debtor will pay or not. However, they have not paid you. You really need a professional at this point. There is really only 1 important decision. A debt collection agent near you or near the debtor.

If you search google for business debt collection agent, you will be given millions of results. Literally, millions of pages including some adverts. Here we give you the solution to finding a suitable debt collector. We have used Sydney. You can use your location or the debtor’s location.

This will work for you locally, interstate or internationally. Its is Google, so its free and it is the tool that debt collection agencies use to outsource their assignments.

Simply open google maps. In the top left search box insert the location you require. Once the location has been found you can search the for the service you want, business debt collection, debt attorney or lawyer etc

Your Questions Answered

Should I Move Quickly

Generally the sooner the better.

Should I Stop Process With A Promise Of Payment?

Never. The process stops when you are fully paid.

What if Business Is Bust

Write it off and never worry about it. Or chase the business owners, if you believe that is the right thing to do.

Can I Sell The Debt

Yes. However 2 things to consider. You will not reive the face value of the debt – maybe as little as 10% or less. You can assign the income, but not the responsibilites of any contract – even though they have not paid you. Choose a reputable firm to sell to.

Final Decision On Business Debt

Is it all worth it? You might have to invest some cash. Is your time better invested in finding new business? Is your expectations of collecting your debt too ambitious? How long will it take the debtor business to pay you?

However, you do not want to be seen as an easy touch. The word does get out. Although you have to watch your P’s and Q’s because of data protection etc., the debtor can say anything they please. There are solutions to that scenario.

You could choose a commercial collection agency. They specialise in business debt and understand the law. Use our tips on how to find an agent near you or near your debtor. It will save you time and grief. us eth tools the professionals use. They are free!

Sell the debt. There are buyers out there willing to buy distressed business debt. You will receive less than you thought.  But it is a relatively low involvement solution.

Resolute Collection Services

If you believe that your debtor is hiding assets you might consider our solutions. Sometimes the unusual works. At the very least, you see something being done.

small business debt collection agency near me

Comments On Debt Collection

If your business has had a great success with a small business debt, we would love to share it. 5 minutes of your time could save another business from failing.