by Debtplacer | Jan 25, 2023 | Debt Smarts
Contingent debt collection is a method of collecting unpaid debts in which a collection agency only receives payment if they are successful in collecting the debt. This type of collection can be beneficial for both businesses and consumers. One of the main benefits of... by Debtplacer | Jan 24, 2023 | Debt Smarts
Self-storage businesses rely on timely payments from their customers to maintain their operations and continue to provide valuable storage solutions. However, sometimes customers fall behind on their payments, and self-storage businesses are left to handle the task of... by Debtplacer | Jan 19, 2023 | Debt Smarts
Collecting overdue debts can be a challenging task, but there are several best practice methods that can help increase the chances of success. Be proactive: The earlier you start the collection process, the better your chances of success. If you notice that a payment...
by Debtplacer | Sep 20, 2022 | Debt Smarts
Despite strong economic conditions over the past 12 months, an underlying uncertainty among consumers is likely to be front of mind with SME owners & directors into H2FY23. In their latest bulletin, the Reserve Bank of Australia (RBA) noted that although there are...
by Debtplacer | Sep 19, 2022 | Debt Smarts
As part of Debtplacer’s commitment to providing clarity and fairness in the way that small and medium businesses are paid, the Financial Review asked Debtplacer to provide commentary on the latest data published by the Payment Times Reporting Regulator. The...
by Debtplacer | Aug 17, 2022 | Debt Smarts
On 1 January 2021, the Australian Government introduced the Payment Times Reporting Scheme under which large businesses and certain government entities with total annual income more than $100 million are required to report information on their payment terms and...
