Blog

What Your Business Must Include in Debt Collection Letters

If your business is struggling with late paying clients or overdue unpaid invoices, your first official port of call in the debt collection process is to issue a debt collection letter – or a letter of demand.

18 Apr 21

What to Look for in Debt Collection Software

When you’re searching for debt collection software to help make recovering debts simpler, it can be difficult to know what questions to ask that are relevant to this particular channel.

16 Mar 21

What is credit control management?

Credit control management. A bit of a mouthful to say, but it’s an essential function in every business. But what does it mean?

16 Feb 21

Keep your customers returning, even after debt collection

Late payment by a customer and needing to implement debt collection techniques doesn’t by any means need to be the end of your business relationship. In fact, done in the right way, it can help preserve your dealings with them for the long-term.

19 Jan 21

Do you have stubborn clients refusing to pay?

They say patience is a virtue, but like invoice deadlines, patience runs out at some point. Unfortunately, some debtors just won’t budge and have no intention, or perhaps no ability, to make their payments.

14 Dec 20

What suits me? Debt collection agency or savvy software?

The world of debt collection can be confusing. With the modern world comes more choice, which translates into more decisions. When it comes to debt collection services, what’s best for you? Hiring an agency or using debt collection software?

16 Nov 20

Five mistakes to avoid when dealing with late paying clients

Just like starting a company and navigating the business world, there are substantial lessons to learn when it comes to debt recovery.

5 Nov 20

When You Are Small Debt Is Tall

Small businesses are the lifeblood of the NZ economy and if you run one, it’s your lifeblood too. Improving cash flow is even more essential for smaller businesses, and outstanding debts from your clients are a threat to this.

28 Sep 20

Demystifying The Debt Collection Process

Before you make the all-important decision on the best debt collection method, including whether debt recovery software is right for you, it’s important to understand the process of debt collection in New Zealand.

24 Aug 20

Practical Steps to Manage Slow Paying Customers and your Wellbeing

Covid-19 has brought many things into the spotlight for us, including health and wealth.

5 Jun 20

Do You Have An Emergency Fund To Avoid Going Into Debt?

Part of good financial planning is to have a good emergency fund in place to cover unexpected financial events.

17 Aug 18

How to Resolve Conflict with your Debtor

As any debt collector knows, being owed funds is a tricky situation to be in.

11 Jun 18

Five Common Reasons Debtors Don’t Pay On Time

As a small business, non-paying customers can be disappointing, frustrating, even infuriating.

18 May 18

How To Maximise Debt Recovery This Tax Season

With the end of the NZ tax year just behind us, it’s timely to consider the relationship between taxes and debt collection.

5 Apr 18

New Zealand Has High Household Debt Levels - But Does It Matter?

When compared to the size of our economy, New Zealand’s household debt level is one of the highest in the developed world.

19 Dec 17

What Are The Different Good and Bad Types Of Debt?

Not all debt is equal; there is good debt and bad debt. If you are a debtor, debt is good if it will help you accumulate wealth in the future.

11 Nov 17

The Pros and Cons Of Debt Consolidation

It’s easy to collect credit cards and buy on hire purchase. But along the way, you could find you have collected a whole mountain of debt.

25 Oct 17

Credit Records - The Good And The Bad

Your credit record may be more important than you think. Information about your history regarding credit, debt, and repayment is being updated all the time and could have a big impact on you.

21 Jun 17