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.