Leading Debt Collector in Northwest Sydney
With over 15 years of experience, BudgetRepair specialises in personal and commercial debt collection throughout Sydney. BudgetRepair understands what it takes to get your debt collected and more importantly understands the regulations around this.
We are committed to offering a stress-free, reliable service through the application of innovative collection strategies and streamlined operational processes.
Our Difference
Exceptional Service
Years of experience allows us to provide a personalised and professional service.
Elevated Confidence
Detailed planning and consideration will give you the confidence that everything will be taken care off.
Unique Value
Advanced technologies and efficient systems allow for competitive rates and transparency.
Frequently Asked Questions
Have questions? We have the answers!
How does BudgetRepair go about collecting debts?
As a business owner, collecting debt can be a challenging task. However, it is an essential part of managing your company’s finances. We can assist you in the debt collection process by taking the following steps:
- Review the debt: We will carefully review the terms of the agreement that established the debt, including payment due date, interest rate, and any penalties for late payment.
- Contact the debtor: We will reach out to the debtor on your behalf to remind them of the outstanding debt and request payment.
- Send a demand letter: If initial attempts to collect the debt are unsuccessful, we will send a demand letter outlining the debt and the consequences of non-payment, such as legal action.
How long does the process take?
The time it takes to collect a debt can vary widely depending on the circumstances. In some cases, the debtor may be willing and able to pay immediately, while in other cases, the debt may be disputed, and legal action may be necessary. Here are some factors that can influence the time it takes to collect a debt:
- Age of the debt: Generally, the older the debt, the harder it is to collect.
- Payment history: If the debtor has a history of paying on time, they may be more willing to pay the debt promptly. On the other hand, if the debtor has a history of non-payment, they may be more resistant to paying.
- Debt amount: The larger the debt, the more time and effort may be required to collect it. Small debts may be paid quickly, while larger debts may require legal action to recover.
- Communication with the debtor: Open communication with the debtor can help resolve the debt more quickly. If the debtor is unresponsive or difficult to contact, it may take longer to collect the debt.
What does it cost to collect my debts?
At BudgetRepair we charge 10% and have a no collect, no fee policy.
What happens if we are unsuccessful in the collection of your account?
We will consider legal action if the debtor refuses to pay. We will consult with a lawyer to determine the best course of action, which may include filing a lawsuit, obtaining a court judgment, or enforcing a court judgment through wage garnishment or bank account seizure.
How do I get started?
Give us a no obligation call on 1300 786 618 or email info@budgetrepair.com.au and we will provide you with the next steps to collecting your debt.
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