Australia Debt Collection – No Win No Fee
Creditreform operates a global specialist International debt collections service. We have local offices and fully approved expert international debt collection agency partners in every country worldwide. All our International debt collection agency partners and offices operate on a No Win No Fee basis charging an agreed commission against monies recovered only. All our international offices and partners initiate the collection processes by sending the debtors a debt collection letter to introduce their involvement.
Main reasons why a local country debt recovery agency is so important rather than trying to recover from a debt collection agency UK are as follows:
The local International Debt collection Partners know:
- The local cultures
- The best methods of initiating debt recovery letters and processes
- The laws
- Are in the same time zones
Herewith details of our debt collection service Australia
Location of debt recovery office in Australia?
We currently have our head office in South Australia but have agents operating in Queensland, New South Wales and Victoria. We also fly our agents interstate if necessary. All debt collection letters are sent by the local head office in each state.
Number of debt collection staff?
We have 4 admin/support/collection staff; 5 agents on the road in South Australia, one in New South Wales, one in Victoria and one in Queensland, plus Frank and myself and we currently have two IT people.
Each staff member is allocated a client and all their debt collection letters are personalised in order to effect the best response results from debtors.
How long have you been operating a debt recovery service in Australia?
What type of debt collection services do you provide? Do you do commercial debt recovery (B2B) and consumer debt recovery (B2C)?
We recover all types of debt collection cases including commercial (B2B) and consumer (B2C) debt collection cases. We have a wide range of clients from individuals to Lawyers and small to medium businesses across all types of industries. We assist our clients with every aspect of the recovery process. We are able to offer our clients a total service in the recovery of debt and a complete end to end debt collection service to compliment our client’s individual needs. There is different content for B2B debt collection letter templates and B2C debt collection letters templates.
Statue of Limitation in Australia?
6 years before judgment, however applications can be made to extend this period depending on the circumstances. After judgment it is 15 years however an application to continue with any Court process has to be made after 6 years.
How many companies registries in Australia for businesses (i.e. UK has just 1 central registry)?
The ASIC regulates companies and business for the whole of Australia. Each state however has a Consumer and Business Affairs department which governs licensing and Trade Practices etc. The court system also varies slightly from State to State.
What is the debt collection process in Australia?
Each business would have it’s own processes, the most common would be to send a debt recovery letter or debt recovery letters and follow up with phone calls. We however also offer locations, field services and legal support services. Our purpose built system enables us to scale up without interruption and we are currently adding to the research and the development of our software to encompass the latest developments in IT, helping us to increase efficiency and provide our clients, large and small with the most efficient and comprehensive service yet. This next phase of our software development will also include our repossession and investigation services.
Average length of time to collect a debt?
Depending on the size of the debt, we don’t put a time limit on or have any hard and fast rules regarding payment arrangements. Experience tells us that better to enter into an arrangement that someone can afford, rather than something they can’t and constantly default on. We also re-visit our cases from time to time on the chance that a debtor can be located and that their circumstances may have changed. It is such a hard question to answer, some pay after the first letter or phone call, some are tied up for months within the Court system. What I can say is that we do everything we can, sometimes more than what is viable, to get a good result for our client.
Can late payment fees / interest to be added to claims?
Only once Judgment is obtained through the Court (in South Australia its 10%) or of course if it is contractual or stipulated as a condition of credit being offered.
Details on legal service / process in Australia?
This varies from state to state and depends on jurisdiction but we do our best to promptly attend to the service of documents and provide affidavits of service.
Administration in Australia
When an Administrator is appointed to take control of a Company, it is done in order to maximise that Company’s ability to continue to trade to provide a better return for its shareholders and creditors. An Administrator can be appointed:
- By the Company itself;
- By the Liquidator or provisional Liquidator of a Company; or
- By a charge who is entitled to enforce a charge over the whole or substantially the whole of the Company’s property.
Once an Administrator is appointed, the Administrator will assume control of the property and business of the Company and begin investigating its affairs.
An Administrator may request for a ‘proof of debt’ to be completed by the Creditors. A ‘proof of debt’ is a form completed by the creditors setting out details of their claim against the Company including how the debt arose and the amount claimed. Any money that becomes due for payment after the appointment and cannot be collected from the Administrator.
Australia Business Credit Reports
Creditreform provides over 88 million international business credit reports throughout Europe and 200 million international business credit reports worldwide. We provide freshly investigated Australia Credit Reports which can be done prior to trading to make sure the company you will be dealing with can meet the commitment or once the debt becomes overdue to ensure the debtor can meet the amount owed.
Specialist Debt Recovery Experts
There are many unique requirements to recovering international debts in all countries including Australia debt collection services which differ from the UK and therefore it is very important that cases are handled directly by our expert international debt collection agencies and not from debt collectors UK. This method of international debt collection sets Creditreform aside from the competition who in many cases try and recover debts from a UK debt collector only. Using the local offices and partners enables us to achieve a far greater success rate and our No Win No Fee service together with competitive commission rates against monies recovered only ensures you get the best service.
Australia Debt Collection Partners in the following Australian States