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How to Avoid Getting into Debt – Secrets of a Debt Collection Expert

How to Avoid Getting into Debt – Secrets of a Debt Collection Expert

As a debt collector, I often come across the personal accounts of “high-turnover” businesses, who are nonetheless, drowning in debt and struggling to show a profit. The first question I usually ask my clients is why? Why did you wait so long to try and collect these debts and why didn’t you have systems in […]

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When to Outsource to a Debt Collector

When to Outsource to a Debt Collector

Most businesses make the mistake of waiting way too long before handing over their accounts receivables to a commercial debt collection agency. For every 30 days you delay, the chances of recovery go down at least 10%, so it actually pays to outsource sooner rather than later. Collecting the outstanding accounts for your company is […]

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ATO’s Improved Transparency of Overdue Tax Debts of Businesses will Benefit Debt Collectors

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ATO’s Improved Transparency of Overdue Tax Debts of Businesses will Benefit Debt Collectors

The Australian Taxation Office (ATO) will soon be empowered to report a business’ overdue tax debts to credit reporting bureaus under new draft legislation. ATO enables better credit control by advising credit reporting bureaus when businesses don’t pay debts. The legislation, still to be drafted and completed, will require a business to “effectively engage” with the […]

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10 Ways to Save Money on Your Car Insurance

10 Ways to Save Money on Your Car Insurance

Hi, my name is Adam Stewart, Debt Collection Expert and owner of ADC Legal Litigation Lawyers. We do a lot of recoveries against un-insured drivers for motor vehicle accidents. We feel for them sometimes, since some of these debts can be pretty big if you hit someone else and it’s your fault. We also know how […]

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