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It is surprising to know that Australia has the fifth highest household debt in the entire world – and that says a lot, considering there are 195 countries. Australian households have an average debt of $86,000. In 2019, a study revealed that three in four households are in debt: that’s roughly 75%. It can be. Read more » The post Why Paying off Debt Sooner is Better for You appeared first on JMA Credit Control.
How to Prevent Bad Debts in 2023. Tips from a Debt Collector . Credit control and debt collection are the two most crucial components of sustaining a solid cash flow since, as they say, cash is king. Here are some suggestions for proactive steps that may take to improve your credit control and, ideally, avoid having to deal with debt collection. It can serve as a jumping off point for the company to create a framework for preventing bad debts in the first place. .
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