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Concerns over prohibition against debt collection service

Collection Industry News

Debt collection means requiring debtors to pay creditors outstanding due or overdue amount or property as obligated by a contract or by a decision of a competent State’s authority. In addition to debt collectors operating under Decree No. The recovery process is properly conducted with costs and plans prescribed by laws.

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Collection agencies can employ various strategies to acquire clients and grow their business.

Collection Industry News

Establish connections with individuals and businesses that can refer clients to your agency, such as attorneys, financial institutions, credit bureaus, or other professionals in the debt recovery field. Excellent customer service: Focus on delivering exceptional customer service throughout the debt recovery process.

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UK Commercial Debt Collection Laws & Regulations

Taurus Collect

The key objective of these rules is to ensure fair play between the creditor and the debtor, preventing any kind of harassment without compromising the debt recovery process. The Fair Trading Act : This law prevents businesses from using unfair tactics when they are collecting debts.

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Legal Small Claims Recoveries in Victoria, Australia: How Does it Work?

Debt Recoveries

If the usual debt collection efforts have failed, the next step can be legal action. Here at Debt Recoveries Australia, we will generally only recommend legal action if the amount owing is above $5,000.00 and we know the debtor or company have assets to satisfy the debt. Usually, the debts involve goods or services.

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How to Issue Legal Proceedings for a Debt in Victoria

Debt Recoveries

Only if the debt is greater than $5,000.00 and the debtor or company has assets to satisfy the debt would Debt Recoveries Australia propose legal action. We refer the situation to our legal team at ADC Legal Litigation Lawyers if we are satisfied that the criteria for legal action have been met. . Make a deal.