Debt collection guidelines can be an incredibly stressful and daunting topic for business owners who already have a whole host of other urgent tasks coming up the pipeline. Trying to follow up unpaid invoices is the last thing anyone wants to do. However, putting off debt recovery proceedings is the last thing you want to do for your business. So, what do you do? Spend the time and effort following up on these debts yourself or get a professional in? We think turn it over to the professionals. Here’s why.
Don’t waste your precious time trying to track down unpaid invoices. Turn to a professional debt collection agency instead and let us do the hard work for you. ProfColl specialise in efficient, professional debt collection services so you don’t have to. Don’t let the hassle of debt recovery stop you from getting your hard earned money back. Trust that ProfColl’s expertise in the industry will get you sorted, fast.
The ever increasing need for debt collection in Australia
Society has become more blase than ever when it comes to debt. We’re happy to practically throw things on the credit card, or take out a personal loan on a whim. Many don’t think about how much they’re racking up in debt and how much they’re going to have to fork out at the end of the month. Many of us are living paycheck to paycheck yet still purchasing things on credit. This almost flippant use of credit is going to cause a lot of financial problems.
It’s no surprise that this high level of household and personal debt is affecting small and medium businesses. When these debts become due and many are unable to make their bills, it is the business owners who are losing out. Invoices remain unpaid, services and items that were provided on credit are not settled and business owners can take a financial hit.
For those new startups or budding small to medium businesses, unsettled invoices can have dire consequences. This is a contributing factor to the extremely high rate of failure for new and small businesses. Startups, small and medium businesses make up for 97% of the Australian market, yet it’s estimated that up to 80% of these will fail within their first 18-months. Clearly, having professional debt collectors who know the debt collection guidelines inside and has become a necessity.
We cover all of Australia
We have offices located all around Australia, including Brisbane, Melbourne, Sydney, Perth and Adelaide! Whether you need a hand from the debt collection Brisbane team or the debt collection Perth team, we can help you out.
Don’t let the belief that you don’t have a trusted, professional debt collector near you put you off. With ProfColl, you can be sure that we know the debt collection guidelines inside and out, no matter where you’re located in Australia.
ProfColls 23-years in the industry stands above the rest.
When it comes to working with an agency that knows its debt collection guidelines, don’t look past ProfColl. We boast an impressive 23-years experience in the debt collection industry and know what works best. We know what has the best chances of working and we know what old practices to leave in the dust. We’ve taken a proactive approach and tweaked our services to include only the most successful practices.
Throughout our many successful years in the debt recovery industry, it has become clear that cash flow is one of the most important aspects of running a business. Keeping an eye on your cash flow and ensuring that it remains positive is key to a healthy business. If you have a pile of unpaid invoices, which are basically cash flow that is not coming back into your business, you’re practically sitting on dead money. You wouldn’t throw away handfuls of money, so why let it happen by not getting those invoices settled? Get your money back where it belongs by consulting an agency who are experts in debt collection guidelines.
With household debt reaching incredibly high amounts, it pays to get a professional in. It’s estimated that each small Australian business is owed approximately $38,000 in overdue invoices. With such high levels of debt, it’s understandable that many small businesses are bearing the brunt of this debt and struggling to stay afloat. Having a professional debt collection agency for small business needs will be your ticket to keeping your business going strong.
We want to help you take back some of this outstanding debt. We’re here to help Australian businesses keep their heads above water and keep their businesses afloat.
Professional Collection Services – it’s in our name
Maintaining a positive relationship with your clients, even if you are proceeding with debt recovery actions is incredibly important in any business. We know how difficult it can be trying to maintain this relationship when you have clients who don’t want to pay the invoices for services or goods that they owe to you. This is why it pays to have a debt collection professional who knows the debt collection guidelines and can proceed in the best way possible. All while maintaining your good image.
Throughout our debt collection services we maintain a professional service that will stand your business in good stead. In this day and age following debt collection guidelines can seem like a minefield where one wrong step could land you in hot water. Proceeding with debt collection actions against your clients can seem like an activity that is fraught with danger. The possibility of someone pulling out their smartphone and posting a scathing review for the world to see is all too real.
Understandably, this can have negative effects on your business and public image. With this in mind, it’s important to have a professional collection team on call. With the ability to work as an extension of your own accounts department, ProfColl has developed a firm and professional approach to collecting on overdue debts. ProfColl utilises techniques that will help to maintain a good relationship with your clients.
We believe that the archaic practices of yesteryear are outdated and no longer appropriate for the modern era. We have developed new techniques and practices that utilise creative, effective, out of the box thinking to ensure that your invoices are settled and your relationships with your clients remain positive.
Debt collection guidelines are our speciality
Debt collection guidelines can be a tricky business if you aren’t familiar with the legislation that governs the industry. This legislation provides clear guidelines for debtors and collectors. That’s why many Australian businesses are choosing to outsource their debt files to professionals in the industry.
Once an invoice has been overdue for the minimum required period it can then be handed over to a debt collection agency in a final attempt to get it settled. It is now up to the debt collectors to follow up on the debt and recover it legally.
The debt collection agency can now get in touch with the debtor via phone and email. If they are unable to contact the debtor, they will then try contacting their family and friends. While the debt collectors are not allowed to pass along any specific information about why they are looking for the debtor, they are allowed to make contact to confirm that they have the correct information on file for the debtor.
On the small chance that they haven’t yet managed to resolve the debt, collectors can then take the next step in the process. They are able to utilise the services of a private investigator to track the debtor down.
The final step is to lodge a claim with the courts. This is provided they have not exceeded the statute of limitations of repayment. Lodging a claim is always a last resort, however, and will only be taken reluctantly if all other methods have been exhausted.
ProfColl can help anybody
We pride ourselves on our willingness and ability to help any Australian business. From the smallest tradesman to the largest multinational corporation. We believe you deserve a helping hand to get overdue files sorted in an expedient and professional manner. Don’t let overdue invoices cause you unnecessary cash flow problems. Get them sorted now and get them off your plate.
Having an overdue invoice or two may not seem like the biggest deal in the world. But, it’s a problem that tends to snowball if left unchecked. What may start out as a small problem, soon turns into a serious cash flow problem that may be the difference between success and failure. Don’t let this happen to you. The sooner you start addressing those tricky debt files, the sooner you can get back to running your business. Consult an agency who knows the debt collection guidelines inside and out.
For a young or small business, every dollar is going to be important in upkeep and maintenance. So, it stands to reason that overdue invoices are going to negatively affect your ability to operate successfully. Rather than becoming just another business that’s forced to close its door soon after opening, not to mention a statistic contributing to the incredibly high failure rates of small businesses, put your trust in a reliable debt collection agency. Let ProfColl utilise the debt collection guidelines to your benefit so you can hit the ground running.
Following debt collection guidelines is worth it
There are many businesses that will put off following up on debt collection guidelines as it may seem like too much effort. They assume they’re only receiving back a fraction of the debt that is owed to them after expenses are paid. Many assume that once commission has been deducted, the resulting sum just isn’t worth the effort. We’re here to change that way of thinking.
We always encourage our clients to utilise an indemnity clause with their clients. An indemnity clause is a contractual transfer of risk between the two parties in the event that a loss occurs. If you don’t have this in your contracts with your clients yet, we highly suggest including it in your future contracts. But how can this help you?
Say you are utilising the services of a professional debt collection agency Melbourne for an overdue debt file. The client has previously signed your contract with an indemnity clause included. This means that you will be compensated for any legal fees or commission that may be accumulated by the debt recovery proceedings. These fees will fall on the client. So, yes, it is certainly worth the effort of getting your files resolved.
If your current contracts don’t have this indemnity clause included, debt collection services are certainly still worth it. As mentioned above, cash-flow is key. Even if you’re only getting a portion of your debt returned to you, it’s still money that is going back into your business. And every cent is essential to a successful business!
Trust ProfColl are experts in debt collection guidelines
Debt collection guidelines can seem complicated and scary to those who aren’t familiar with them. This can lead to the mistaken belief that following up on overdue files just isn’t worth the time or effort. Let ProfColl change this way of thinking. With 23-years of experience up our sleeves, we are experts in debt collection guidelines and getting your hard-earned money back where it belongs.
We utilise forward-thinking practices and out of the box methods to help get your tricky debt files sorted. You can trust that we’re the best at what we do. If you’re looking for a reliable, professional and intuitive agency to handle all your debt collection needs, don’t look past ProfColl. Our experience speaks for itself. We know what works and what doesn’t and we’re here to get your cash flow back on track.