Blacklist debt

A client recently gave us instructions to engage a specialist collection company and collect a debt of $110,000 where they had given up expectation of recovery because the debt had been outstanding for over 4 months. Our client was embarrassed that they had left the debt outstanding for such a long period of time and that they had really done nothing about recovering it.

On the selected specialist collection agency receiving instructions from the client, money was secured within 8 working days . You should not delay in collecting what you are owed.

With a global financial crisis and recession, what can businesses in New Zealand do when facing such uncertainty?

Small business owners write off thousands of dollars of unpaid debts due to them. Most of these write offs occur unnecessarily. Whether for financial reasons or lack of understanding, small business owners simply do not pursue available collection methods for unpaid amounts they have a right to collect. Don’t write off a debt that is rightfully due and owing to you and your business. Why should you allow your business to be treated as a surrogate bank? NZ Blacklist provides many options available to client that may be successful in collecting money from an unwilling client or customer.

Here are three important key elements to think about in relation to your business:
1. There is less cash available in a distressed economy, and therefore to you and your business.
2. Demand for your offerings may slow significantly.
3. Your overheads may remain the same and cutting staff may be necessary if cashflow is not available.

In times of recession, it is harder for small to medium size businesses to borrow money. That means potentially, that your clients that usually pay on time are likely to find it harder to continue doing so. Your debtors could draw out longer than 30 or ever 60 days and to ease this burden, your organisation must become decisive in your accounts management and collect your money. NZ Blacklist can help in many ways.
Being proactive, NZ Blacklist can assist in review or development of terms of trade. Have terms of trade, specific to your business, in writing. This is your best proactive defence against late payers and bad debts. It can also cover your interest, legal and collection expenses. For a relatively small cost, NZ Blacklist can organise through our network partners a terms document that can assist your financial future.
For those debts or delinquent accounts that are over 30 days outstanding, make the proactive decision to call NZ Blacklist and ask for assistance. We have multiple options available to you that will increase your chances of being paid first. Just remember; The squeaky wheel gets the oil. Let NZ Blacklist help you get paid ahead of the rest.

We are committed to the success of our clients and their businesses. Our nationwide debt recovery network is committed to providing you a service that enables you to free your valuable time from chasing bad debts and delinquent or overdue accounts so you can concentrate on the effective running of your business.
Place the matter in the hands of NZ Blacklist and into the hands of true debt collection professionals.

Blacklist debt in NZ

We started NZ Blacklist Debt Collection Services some time ago and are now exceptionally happy with what we have achieved. From an idea born out of necessity, Blacklist developed a nationwide network of Competent, Motivated and Specialist Debt Collection and associated services in a short space of time which consistently deliver results across the nation. We feel complimented and privileged that there are imitation websites attempting to copy what we are doing at NZ blacklist.co.nz , and we are confident that there is only one Blacklist in NZ that delivers Debt Solutions the way NZ Blacklist does.

Make no mistakes when selecting a service to meet your needs....... choose NZ Blacklist, the original and proven debt collection online consultancy. More information is available here
TV3 News http://www.3news.co.nz/New-website-makes-life-easier-for-debt-ridden-SMEs/tabid/421/articleID/94783/cat/73/Default.aspx
Stuff News http://www.stuff.co.nz/sunday-star-times/business/2067745/Bad-debts-site-a-sign-of-times
News Album http://www.newsalbum.com/Read/396858-Virtual-Debt-Collection-Blacklist/
Stuff Business http://www.stuff.co.nz/business/2078154/Bad-debts-site-a-sign-of-times
Scoop Business http://www.scoop.co.nz/stories/BU0905/S00667.htm
Finda http://www.finda.co.nz/business/listing/4nb34r/nz-blacklist/
Federal Management http://www.federalmanagement.co.uk/news/tag/debt-collection-tenders
Chartered Accountants http://www.gilesandliew.co.nz/news/Newsletter%20winter%202009.pdf
Skynewswire http://www.skynewswire.com/modules/news/article.php?storyid=8771
Gopher http://www.gopher.co.nz/listing/3lgw/nz-blacklist.html
http://www.nzblacklist.co.nz/
http://www.nzblacklist.com/

Make no mistake, when you are looking for debt collection agencies that are competent and willing to serve at competitive market rates, contact NZ Blacklist for the best results

Todays Herald Newspaper reports more bad news on the bad debt front.

A "staggering increase" in the number of firms not paying their bills in the first half of the year has prompted credit bureau Veda Advantage to warn businesses of a deterioration in the next 18 months.

Veda said it saw a "massive" 64.56 per cent rise in commercial defaults in the six months to June compared with a year ago. Defaults are essentially where the business owed money has given up and turned to a debt collection company which then informs a credit bureau like Veda.

Commercial inquiries for credit were down 16.43 per cent. Read more