Have you heard about the recent changes to credit card surcharging?
The Australian Competition and Consumer Commission (ACCC) said the ban, which has been in effect for large businesses since last September, will extend to all businesses that are either based in Australia or use an Australian bank.
“When you collect bad loans… you sure learn a lot about making good ones. You also learn a lot about the power of persuasion, persistence and desperation” – John Stumpf
We all use persuasion in our daily lives, both at home and at work. But, now you can purposefully increase you power of persuasion by following and practicing these simple scientifically proven techniques. Use them at home, with your kids, partners, friends, at work, when you negotiate, when you debt collect. Not only that you will end up with much better overall results in what you are doing, it will subtly show you ways to become much more considerate of others and will generally make you a better person. Try these simple steps in your life and business and you will soon be seeing proven results. Continue reading →
In business you get what you want by giving other people what they want. All you need to do – listen well!
Let’s take a look at some signs and symptoms that may be early indicators of bad debt problems. Observing these early signs and investigating courses of the following symptoms, may save you from unwanted expenses in money and time. Additionally, you can avoid the accompanying related problems down the line. Be watchful for the following signs, and be especially vigilant if you see a cluster of signs in your business. Continue reading →
‘It is health that is real wealth and not pieces of gold and silver” – Mahatma Gandhi
So, you want to find out if your business is healthy and successful? A look at the Balance Sheet and the Profit and Loss Statement at the EFY can certainly provide us with a good overall view of what is happening in our business. But there are other tell-tell signs which would warn us sooner of impending cash flow and debt problems! Unless, we specifically look for these signs they are hard to recognise. It turns out, that by proactively monitoring and analysing information related to your unpaid debt and by recognising early bed debt symptoms; you will be doing one of the best self diagnosis of the health of your business. Continue reading →
For all businesses and consumers in Australia, this is a very important update regarding credit reporting changes and new regulations.
From 12 March 2014 new information can be included on your credit report as part of changes to Australia’s credit reporting system. This new system, known as comprehensive credit reporting, is good news as it will give Australians more power to demonstrate their credit worthiness and manage their credit profile.
What new information can be included on my credit report?
Information about credit accounts you have with credit providers including: Continue reading →
Professional debt collectors know that most people end up with debt as a result of other life difficulties. It is also obvious that most people are decent and would love to sort out their financials; do the right thing and pay their debt. What is less obvious to inexperienced collectors and many creditors is that a simple strategy of kindness & empathy would take you much further with people and give you better results with collecting.
Finally some bigger debt collecting agencies are embracing this simple strategy and really helping both, debtors and creditors.
There is no better reward than making a difference in someone’s life. Have a look at this amazing group of people helpers!
“You know those people who get so much done it seems like they have 30 hours in every day while the rest of us mere mortals have a measly 24? You know, the ones who seem to get more accomplished before breakfast than you do all day?