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 the 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 there being a different contract in-place at settlement. Despite all demands and persistent field call visits, the debtor was belligerent. “Just sue me and I will mount an enormous defence and make you liable for damages” was his final words – before we proceeded to court action.
The court action allowed us to lay out the evidence quite explicitly. The magistrate awarded our client the full $50,000 plus costs plus interest. The costs and interest amounted to $27,500. Our client was very pleased with the result. But we came away thinking that maybe we could have been more persuasive initially to the debtor. It certainly provided us with some strong argument for debtors in future recoveries. We do prefer to avoid the courts if possible.
AUSTRALIA-WIDE & OVERSEAS
With offices in very State and field agent throughout the country there is no pocket in this country that we can’t reach. We have also had enormous success on overseas debt recovery as we have affiliations in countries around the world. Overseas recovery is dependant on jurisdiction. Not all countries are debt recovery friendly.
Tenancy debt, both commercial and residential is a very specialist area. We have been involved in recovering such debts since 2000. For this purpose FIDC have ready access to national tenancy default databases that enables an alert to be placed on the debtor’s name in order to track them down.
WE RECOMMEND THAT YOU PREPARE FOR THE ROGUE
There is an age-old saying If you want peace – prepare for war! The same applies to debt. The rogues are out there – and they are looking for a weakness in the system. You must prepare for them. In fact we have perfected a good fire-wall. We have a tried and (court) tested Terms of Trade designed to debt-protect your business. Email us about it!
USE OF FIELD AGENTS
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 a debt issue – and ensure we earn a fee. Our field agents are hungry and persuasive- intent on getting the debt paid in the shortest possible time-frame.
Our debt collection firm is a leader in General debt recovery, Residential tenancy debt recovery, Commercial tenancy recovery and Overseas 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).