First International Debt Collection was founded in 1999 by its CEO Richard Adams. Richard is an active member of the Institute of Mercantile Agents; Australian Collectors Association; State Secretary of the Mercantile Agents Association; a Sessional Member of the State Administrative Tribunal and a licensed & bonded debt collector: DCL5286.
One of First International’s first recovery cases was a claim of $50,000 for an estate agent. A wealthy investor avoided paying a real estate agent’s lawful commission by conspiring with the buyer in falsely declaring the sale had fallen through. The seller and the buyer then put their own contract together -bypassing the agent. FIDC made every endeavour to convince the seller that he was liable – regardless of a different contract being put in place. Despite all demands and field call on the debtor his attitude resulted in “Just sue me and I will mount an enormous defence and make you liable for damages.”
We immediately arranged a court action which resulted in a two day trial. The seller was not too happy to have learn that what we had fore warned had come to fruition. He lost! The magistrate awarded not only the $50,000 but all costs and interest – a further $27,500. We must confess that the success was, by-and-large, made easy by a comprehensive handwritten dairy kept by the agent/client.
WE RECOVER DEBTS OVERSEAS
We have had enormous success with overseas debt recovery. With affiliations around the world, FIDC can pursue a debtor wherever he/she should tend to scamper. With overseas recovery cases, as with local assignments, the aim is to achieve success without the use of a court.
WE RECOVER TENANCY DEBTS
Tenancy debt, both commercial and residential is a very specialist area. We have been involved in recovering such debts since 2000. FIDC are members of the national tenancy default database that enables tenants to be tracked.
PREPARE FOR DEBT
There is an age-old saying “If you want peace – prepare for war!” or “Si vis pacem – para bellum”. This can be interpreted as If you want to remain in business – prepare for debt. The rogues are out there – and they are waiting! It is an on-going battle and one needs to be prepared and ready for them. FIDC have perfected a well trialled and proven 420 word clause –Terms & Conditions of Trade designed to debt-protect your business from bad debt.
WE USE FIELD AGENTS TO DOOR-KNOCK
We employ experienced field agents that that prefer (if possible) to eye-ball the debtor – and negotiate a path forward. Face-to-face discussion with the debtor is very beneficial in resolving debt issues – and ensure we earn a fee. Our field agents may be hungry but they are persuasive and fair in convincing the debtor to take the honourable way out.
AREAS OF EXPERTISE
Our area of expertise extends from General debt recovery, Residential tenancy debt recovery, Commercial tenancy debt collection, Overseas debt recovery.
LICENSED & COMPLIANT
First International Debt Collection is licensed, bonded and is fully compliant with the Debt Collectors Act of 1964 and Debt Collectors Guidelines per the Australian Competition & Consumer Commission (ACCC) and the Australian Securities Investment Commission (ASIC).