Category: Latest News

Seasons Greetings!

All of the staff at National Collection Services wish to extend our compliments of the season. We wish to advise our office will be closed from Friday 20th December 2013, reopening Monday 6th January 2014. We hope you have a very happy and safe holiday and a prosperous year ahead. We look forward to working… Read more »

What to Do about Ageing Accounts and Debt Recovery

Past-due bills can ruin a company, if things get out of hand. When delinquent debtors refuse to pay, or cannot pay, it often requires the need to hire a professional commercial collection debt service provider. In fact, more businesses are now using collection agencies as an effective means to collect overdue accounts. The age of… Read more »

The Benefits of Using a Commercial Debt Collection Service

A commercial debt collection service serves as a valuable tool when struggling to collect the debt from a customer at the retail or wholesale level. In fact, using a debt collector provides significant advantages that include: • Handling Delinquent Debtors – A commercial debt collection service can take over all the hassles in dealing with… Read more »

Trans-Tasman courts deal comes into force

Chasing debts across the Tasman and into New Zealand? In a post on www.au.news.yahoo.com.au 11 October it has reported that new laws have come into force that make it easier to recover debts on opposite sides of the Tasman Sea.

Corporate insolvencies worst rate in over a decade

More than 900 businesses collapsed into external administration in June 2013 with Australian company insolvency reaching its worst point in recent history. In a post on www.smartcompany.com.au 28 August it was reported that companies in the retail, construction and mining industries are particularly vulnerable to collapse as the economy continues to struggle in key areas.

Cashflow Crisis – Businesses now taking 54 days to settle payments

The financial health of the small business community has been called into question, with payment terms deteriorating to a shocking 54 days. In a post on www.smartcompany.com.au 13 August it has reported that the federal government is asking businesses to pay invoices on time in business-to-business relations, with the release of a proposed new code of… Read more »

ITSA changes its name to AFSA

In a post on www.itsa.gov.au it has been advised that from 15 August 2013, the Insolvency & Trustee Service Australia (ITSA) will be known as the Australian Financial Security Authority (AFSA). The change is in name only – our services remain the same.

Play fair and pay on time – new government payment protocols

In a post on www.smartcompany.com.au 25 July it has noted that the federal government is asking businesses to pay invoices on time in business-to-business relations, with the release of a proposed new code of conduct. Play fair and pay on time – government proposes payment protocol for businesses The federal government is asking businesses to pay… Read more »

Small businesses owed more than $10k in overdue debts

In a recent article posted on www.smartcompany.com.au it has been revealed that the average small business is owed $11,588 in overdue debts. Small businesses need to be more aggressive in chasing down bad debts, the sector has been warned, with research released today showing the average SME is currently owed $11,588 in overdue debts. The release… Read more »

Debt Collection – What to do when customers don’t pay Part 3

Today we explore Part 3 of the 10 easy steps to manage debt collection and cash flow issues in your business. Click here to review Debt Collection – What to do when customers don’t pay Part 1 or Part 2. “Chase overdue accounts immediately” Start the collection process the day after the bill becomes due: The longer a… Read more »