Are you owed money but do not know your rights or how to recover your money quickly and easily? At LawRep we take the hassle out of chasing money and it will not cost you what a usual solicitor would charge.
Debt Collection
Frequently Asked Questions (FAQ)
1. How do I best protect myself from having to chase bad debts?
2. How long after a payment is overdue can I take action?
3. Who should I contact to help me?
1. How do I best protect myself from having to chase bad debts?
Having your agreement in writing is the first step to ensuring both parties understand not only their rights but their responsibilities. Implementing a debtor management system can ensure each new client transaction is subject to Terms of Trade. Terms of Trade will help clients understand what is required of them and can provide creditors with suggestive means of achieving prompt payment in addition to the usual terms of payment.
2. How long after a payment is overdue can I take action?
Action can be taken under the terms of the written agreement between the parties. If there is no written agreement and the debt has been requested to be paid withing a reasonable time then a letter of demand should be sent
3. Who should I contact to help me?
For assistance in this area, please call (02) 4044 5495 and ask for Chad Penfold our Debt Collection Lawyer or feel free to email him at Chad@LawRep.com.au