How to avoid problems – cheaply
First, check them out IT IS ridiculous for anyone smart enough to be in business not to make routine credit checks. There is no point chasing a debtor with a summons if there’s nothing there. You’ll get plenty of ‘legal action’ — but you’ll pay for it all yourself. The debtor won’t be touched. Look under ‘Credit Reporting Services’ in the Yellow Pages. Call a couple of these services. Get their... [Read More...]
Debt Collectors vs Lawyers
“The lawyers are very highly paid people. To my knowledge, there aren’t many who specialise in small debts. And as they get busy, they tend to gravitate to more lucrative work. “Where litigation is used, you should research it pretty thoroughly before you start. Lawyers tend to look at themselves basically to do litigation. And negotiations by a lawyer are pretty expensive, because of the time. They consider they aren’t serving... [Read More...]
Coffee ‘N’ Cake Break
Would you like a chance to win a delicious cake of your choice for you and your team? As of the 1 October 2009 we are running a monthly draw for a shout from us at Debtforce for Coffee and a Cake of your choosing. How do I enter? You are automatically entered when you send through a debt for recovery during each calendar month, you get one entry per debt so the more debts you send through the more chances you have of winning. The winner is drawn... [Read More...]
Psychological section: know thyself
DEBT-COLLECTION professionals estimate that at least 80% of people have terrible problems asking for money. Even if there’s no squabble. They just hate asking. They can’t stand the idea of walking up to someone and saying, “You owe me such and such. May I have a cheque please?” Are you like that? Worse yet: is your credit manager like that? (Many are.) Here’s a simple test: you’re in a queue and someone pushes in.... [Read More...]
