Essential Rules to Abide By During Debt Recovery
Businesses often suffer from irregular cash flow due to excessive outstanding bills, unpaid debts and uncleared dues. When things become severe, they are forced to seek services from debt recovery professionals, but this is also very stressful. The reason is that the debtors in Australia are given more powerful rights than the lenders, and the actions of the lenders are monitored closely by relevant authorities like ASIC and ACCC. Therefore, it becomes essential to consider some crucial points before starting to chase a debt and contacting a debtor. Starting to chase a debt and contacting a debtor - Ampac MAKING A PHONE CALL FOR DEBT RECOVERY IN PERTH According to the rules, debt recovery professionals and lenders can contact their debtors via phone or SMS only between 7:30 am and 9:00 pm on weekdays and between 9:00 am and 9:00 pm on weekends. No contact should be made whatsoever on public holidays. Lenders must ensure that they have up-to-date and accurate information to share...