NOTICE BOARD
RECOMMENDED AUSTRALIA WIDE by
First International Debt Collection
TERMS & CONDITIONS – do I need such a thing?
If you operate a business – you need to prepare for court daily!
FIDC have a 420 word clause that can be dropped into your job quote.
The 420 word clause will fully protect you against the late-payer and the non-payer!
In short the clauses stipulate:
1. The terms of trade are strictly cash/EFT!
2. Penalty interest applied for late payment!
3. Retention of Title on all goods supplied!
4. Customer’s responsibility- PPSA (Personal Property Security Act)
5. Costs to be added (ie debt collection fees & solicitor).
6. Security interest applied on property held
7. Right to register a caveat.
8. The customer is liable if acting for a trust
9. Jurisdiction for court action!
Debt Collection Agency Process and Debt Collection Services Australia
Best Debt Collection Agency
First International Debt Collection.
How old is too old for a debt?
The legal statute of a debt in Australia is SIX YEARS. Therefore.
Hence a debt of 66 months – you have just 6 months to recover it.
There are exceptions to this rule.
FIDC can re-activate the debt for a new 6 year term.
Company debt or debt of an individual?
Collecting a debt from a company is somewhat more complex than that of an individual.
You will need to drop us a line on it!
First International Debt Collection
Best debt collection Australia-wide