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So, your emails and phone calls are getting you nowhere? It’s time to outsource your debt collection services to a professional. But which one should you hire - a debt collection agency or a lawyer? Here are a few tips from Adam Stewart, CEO of Debt Recoveries Australia. Factors to Consider in Hiring the Right Professional: 1- Area of Specialty If you're choosing either a debt collector or a law firm, make sure that the collector that you choose has a specialty in that area. 2 - Speed of Debt Recovery Find out exactly how fast you need the money. If you are looking at cash flow and you want your money fast, it is better to ask assistance from a debt collector than go to a law firm. Keep in mind that legal processes take longer time. Debt collectors operate on a commission basis and are incentivized to get the money in. They don't get paid unless the debtors pay their debts, so they are motivated to collect your debts faster. 3 - Cost Effectiveness: Commission fee vs. Legal fee You need to look at the commission you will pay to a debt collector as opposed to the legal fees you will pay to a solicitor. With debt collectors, the commission fee depends on the size of the debt. So, if clients have a very large debt, you might want to consider the legal option. Debt Recoveries Australia (DRA) is a debt collection agency that can provide litigation services across Australia and New Zealand. DRA collects debts from companies of all sizes – small and large. Partnered with ADC Legal, which Adam is also a director of, DRA can maximise recoveries and speed of collection while being responsive to our client’s individual needs. For more information, you can visit our websites: www.debtrecoveries.com.au/ www.adclegal.com.au/ Contact Us: Phone: 1300 799 511 Email: email@debtrecoveries.com.au Skype Name: debtrecoveries…
Adam Stewart publishes blogs on a weekly basis to provide tips for clients and debtors. Adam gives good points on how they can control their budget, how to work with debt collectors, how to write their credit application forms, and sometimes, he even gives free initial legal advice. In this interview, Adam Stewart shares his passion for debt collection, which gave way to writing weekly blogs targeted towards clients and debtors. Adam is an Expert Debt Collector, owner of Debt Recoveries Australia (DRA), and the Director of ADC Legal. DRA and ADC Legal works together to help companies recover debts and win debt-related legal battles. Website: http://www.debtrecoveries.com.au/ http://www.adclegal.com.au/…
Debt Recoveries Australia (DRA) strives to be the leader in the field of debt recovery. We have consistently performed above our clients’ expectations while making sure to uphold their brand integrity. In this interview, Adam Stewart shares his passion for debt collection, which gave way to starting up his own company. Adam is the Founding Director of Debt Recoveries Australia (DRA). He is also a Director of ADC Legal, a team of litigation specialists that help companies recover debts and win debt-related legal battles. Website: http://www.debtrecoveries.com.au/ http://www.adclegal.com.au/ Phone: 1300 799 511 Email: email@debtrecoveries.com.au Skype Name: debtrecoveries To learn more about us, visit our social pages: Facebook: fb.com/Debt Recoveries Australia Twitter: debtrecoveries Google+: Debt Recoveries Australia LinkedIn: Debt Recoveries Australia…
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