Macquarie Collections

Debt Collection Australia: How It Works

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Debt Collection Australia: How It Works

Having a clear understanding on how debt collection works in Australia is crucial. We understand that hiring a debt collector can be a confusing and challenging time. We excel and take pride in our ability to make the process of debt collections as easy and smooth as possible. 

Debt Collection Australia is the act of pursuing payment for an overdue account from individuals or businesses who have defaulted on their financial obligations. Debt collecting plays a crucial role in ensuring consistent cash flow to maintain financial stability. Our team of professionals utilise over 150 years worth of skills and knowledge collectively to implement the most suitable strategy.

Debt Collection Process: Step-by-Step

Over the years Macquarie Collections have tailored their process to ensure maximised results.

We approach the situation initially by informing the debtor that you have requested that we act on your behalf to recover the debt/s. It is crucial to inform the debtor of the details of the outstanding debt through letters, emails, or phone calls. This phase of debt collecting aims to produce a sense of urgency and provides the debtor an opportunity to pay the outstanding amount amicably.

If contact is unable to be obtained from the debtor, we may suggest escalating the process by issuing a formal demand letter (Solicitors Letter). 

If these efforts fail, our team will evaluate the debt and determine if initiating legal action is recommended. Our in-house solicitors are specialised to assist your dedicated account manager to ensure you get the best result.

Strategies for Effective Debt Collection

Since 1990 Macquarie Collections has provided tailored debt recovery strategies to gain the best results for our clients. From our years of experience we understand that no two debt collection matters are the same, which is why Macquarie Collections provides a tailored approach to every debt collection matter. We understand while some collection matters can be recovered by a stern demand letter, others may require more attention and forceful action. Our debt collection Australia team has decades of knowledge to provide a seamless recovery process and take the weight off your shoulders.

Benefits Of Hiring a Debt Collector

Navigating through the debt collection process on your own can be daunting! We have an experienced team of professionals who can provide you and your team with their expertise based on your debt circumstance. We provide you with a dedicated account manager that handles all your debt collection Australia matters, to ensure your individual requirements are met each and every time.

How to Get Started

Take the first steps to recover your funds today! We understand the strain unpaid debts can put on you under mentally and financially. We are committed to alleviating that burden for you by giving clear and concise guidance. 

Still wondering how does debt collection work in Australia? For a more comprehensive and detailed strategy to recover your funds, contact our debt collection agency.

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