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Topic (short descript) Question / Topic Replies Reads Last Post More
Protection of credit in Asia-pacific We are a small-medium Australian manufacturer who are looking to export to a potential client in the Asia-pacific region on credit terms, how is the b…
Author: Amy Beigoff
11 146 9 hours ago Sign up or login to view
$ LIMIT ON DEFAULTING Can someone tell me what the absolute minimum $ value is when defaulting? My example is a sole trader without a credit application. What are my chance…
Author: 20194817
6 142 4 days ago Sign up or login to view
Legal Action against Debtors Is there any legislation stating that no legal action can be taken against a debtor within payment terms. If so where is it???
Author: Solace23
2 112 4 days ago Sign up or login to view
Legal Process Flow Information Can anyone explain the Legal process flow within lending business for various legal cases?
Author: Chaudharyvinay1
1 59 5 days ago Sign up or login to view
Spouse/defacto applications hiding partners credit/criminal history I would appreciate your thoughts on this one, We're seeing more credit applications from a wife or de facto where her partner has an appalling credit…
Author: Rodney Jarvis
4 129 6 days ago Sign up or login to view
Credit Reporting - WHY BOTHER !! I think I am venting more than anything !! I once again have had the displeasure of dealing with Credit Fix people again. Grrr. This time they have …
Author: Kim
9 432 13 days ago Sign up or login to view
credit card surcharge Hello, we are now charging our customers 1.5% bank surcharge if they pay by credit card. Do we pay GST on this? How can I manage this as I don't know …
Author: Olivia
3 129 14 days ago Sign up or login to view
Tax free jurisdictions Can I get some expert opinion on dealing with company borrowers whose major company shareholder is registered in a tax free jurisdiction. What are ma…
Author: INDIANA
4 91 20 days ago Sign up or login to view
Secured PPSR, but description/registration inaccurate/not detailed. Hi all, after some clarification before any potential issue arises RE: PPSR online registrations in liquidations/VA's etc. We register everything on P…
Author: Kshrigley
2 103 22 days ago Sign up or login to view
Collection Letters Would anyone have available a recent analysis for the cost of forwarding statements or collection letters via standard mail? If you are willing to sh…
Author: Qtime
2 77 22 days ago Sign up or login to view
ASAP help: CIO/COSL/EDRS Membership for Commercial only provider.. Hi all - about to pay a required EDRS membership but after clarification on which catageory, or if its even really required for my company (who provid…
Author: Kshrigley
2 96 22 days ago Sign up or login to view
PPSR terms and conditions Do we need to include the PPSR in our terms and conditions? Does the customer need to agree to have them registered? Does anyone has a good line to ad…
Author: Olivia
3 173 22 days ago Sign up or login to view
AFSA statement of claim & voting forms I have come across a situation where a customer has been sent to a debt collection agency for collection of unpaid invoices and AFSA sent the statemen…
Author: LISAA
3 138 22 days ago Sign up or login to view
Brisbane Skip Tracers/Investigators Hi I am looking at hiring a great skip tracer/Investigator in the Brisbane area. If anyone knows of anyone please call Dean on 0466 659 422.
Author: Solace23
2 63 26 days ago Sign up or login to view
Credit check How do you perform a credit check on an entity that operates its business through a trust?
Author: Laura McEwan
8 256 29 days ago Sign up or login to view
Customer's Business' Changing Hands/Being Sold Hi All! Just hoping to get some clarity around an issue that is popping up quite a bit for us at late, particularly in the SME space. We have o…
Author: Lorencrawford
8 260 31 days ago Sign up or login to view
Legal action/Default listing on 'drip payments' Hi All, Occasionally we have customers that stop buying from us having gone to an opposition company. When pressed for payment, the customer sometime…
Author: Rodney Jarvis
6 280 35 days ago Sign up or login to view
DEBT COLLECTION IN SHENZHEN PROVINCE CHINA Has anyone out there had any success with collections in Shenzhen Province in China? We have a Chinese debtor in that region and we have exhausted …
Author: Katinkafair
4 126 53 days ago Sign up or login to view
Business Continuity Plan Hi All, I am in the process of writing a Business Continuity Plan and would like to see what other companies have included to see if I am on track. I …
Author: Solace23
2 83 54 days ago Sign up or login to view
Off Setting Debts - Debtor/Creditor Hi All, As a general rule, we never like to off set amounts owed, however when a debtor is also a creditor, and the debtor is struggling to pay th…
Author: JulieHaigh
2 140 57 days ago Sign up or login to view
Position Vacant I have been asked to assist a large national building industry supply company find a suitably qualified person to fill the position of Assistant Natio…
Author: Waynec
3 154 62 days ago Sign up or login to view
Seeking Job Opportunity Hi All, I am currently looking for a new job opportunity within the Western suburbs of Melbourne or within the CBD area. I have over 15 years expe…
Author: Jason B
0 87 62 days ago Sign up or login to view
Statutory Demand Can anyone help with a good precedent of a statutory demand for payment of a debt by a company? It's for a personal debt, so I won't be using solicit…
Author: DBC
4 151 68 days ago Sign up or login to view
Trustees What happens if there is a change of trustee for a trust? Is the new trustee liable for all old and new debts?
Author: Amy Beigoff
5 155 74 days ago Sign up or login to view
verification statements Does anyone file hardcopies of their verifications statements knowing we can retrieve them at any time on the govt website or via veda ? or per the em…
Author: Zeeks
5 146 76 days ago Sign up or login to view
CCE Just want to check if anyone is doing CCE essay. I had some question regarding the last question. I also wanted to know if anyone had gone pass the …
Author: JAYDEN
2 107 82 days ago Sign up or login to view
Credit Manager seeking new opportunity I am seeking a new opportunity due to inevitable centralisation of my department to a South Eastern suburb location. North West or Western location o…
Author: Zeeks
0 95 83 days ago Sign up or login to view
ppsr/secured party details ABN or ACN Hi all, Wanted to ask in relation to verification statement details is it ok for the Secured Party "organisation identifier type" to be the ABN or sh…
Author: Zeeks
8 186 84 days ago Sign up or login to view
PPSR vs ROT/Romalpa Clause Oh Dear, A large (mining) customer has gone into Administration. I have been informed a substantial amount of equipment has been supplied/loaned unde…
Author: Rodney Jarvis
4 234 85 days ago Sign up or login to view
Looking for a Credit Officer Perth Eastern Suburbs Hi Everyone, Do you know a Credit Officer with great communication skills that's looking for a job in Perth. Great team, good employer who support a…
Author: Warren At CMP Recruitment
0 52 96 days ago Sign up or login to view
Looking for a credit controller - mossvale Hi looking for a credit controller to work for a distribution company in Mossvale. Start ASAP great team and great company.
Author: JAYDEN
1 78 96 days ago Sign up or login to view
Looking for switched on Credit Control Assistant with attention to detail Looking for switched on Credit Control Assistant with attention to detail. Nisbets has over 30 years experience in the Catering Industry. We opened…
Author: Tracey
3 135 96 days ago Sign up or login to view
PPS and Race Horses Hi, A part of our business owns race horses. The horses are variously being spelled on a farm (not our property) or at with a trainer at their facili…
Author: Felicia
3 161 97 days ago Sign up or login to view
Are 3 overdue notices required by law before referral to Merc? For overdue debt, we currently send a reminder notice, overdue notice and a demand notice. Both the overdue and demand notice state non-payment may re…
Author: Dayna
3 192 97 days ago Sign up or login to view
Customer Care Focused Credit Officer hi - reaching out for a credit officer that is more slanted towards a customer care/ reconcilliation type role than collections. Corporate Customer Ba…
Author: Galvino
1 114 99 days ago Sign up or login to view
Looking for a Senior Credit Analyst Hi, I am looking for someone to work in North Sydney in an experienced credit analyst role. They will be assessing and recommending limits on new…
Author: Sonja Sandral
1 88 99 days ago Sign up or login to view
PPSR Lodgements Partnerships Hi Everyone I have a Credit Application and the entity name is a Partnership consisting of two Companies with two separate ACN's, the entity type bei…
Author: Emanuel
5 200 102 days ago Sign up or login to view
licensing contracts & payments Hi All, We have a customer who has completed a credit app for building works in NSW. On checking around found the director to be an 'excluded individu…
Author: Dapco
2 146 103 days ago Sign up or login to view
GST on Export Orders Hi All, We have an Asian based Customer who places export orders for delivery to an Australian warehouse prior to export . They have an ABN that is n…
Author: Rodney Jarvis
2 107 109 days ago Sign up or login to view
Analysis and Statistics Hi all, I am wondering where I would find information/statistics relating to defaults vs population in Australia? Any help would be much appreciated.
Author: Redwards26
5 143 110 days ago Sign up or login to view
Partial satisfaction of debt re s21D Hello, Please take the following scenario. An acceleration clause has been activated on a consumer loan bringing the amount due by the consumer to s…
Author: Rossjenelle
4 148 110 days ago Sign up or login to view
Forum Hi Out of curiosity, does the forum questions stay on the Credit Network or do they drop off with age? Just want to ensure that if I want to re-visi…
Author: 20194817
5 141 110 days ago Sign up or login to view
Collection Agency Complaints It is quite clear as to what avenues a consumer can take in regards to complaining about the conduct and actions/activities of a debt collection/merca…
Author: TroyM
5 200 110 days ago Sign up or login to view
WA candidates - Great temp role Hello WA people Trace Personnel is looking for an accounts receivable extraordinaire for a freight logistics company based in Northern suburbs of Per…
Author: Treacyellen
0 44 111 days ago Sign up or login to view
Customer gone into Liquidation, next best step with PMSI registered Hello everyone A customer of ours has recently gone into liquidation and we have them covered with a directors guarantee and a registration on the PP…
Author: GemmaAFC
8 253 112 days ago Sign up or login to view
credit card payment Hello all, we just worked out how much it is costing us for our customers to pay with a credit card (we carry the cost not the customer). We would lik…
Author: Olivia
4 210 118 days ago Sign up or login to view
Credit Repair Agent - an orchestration! Hi Team & Happy New Year, We received an application from a property development company with the Director being the wife of the (apparent) principle…
Author: Rodney Jarvis
17 405 125 days ago Sign up or login to view
S88 notice and acceleration clauses Good Afternoon All, If you are invoking an acceleration must you issue a new s88 notice for the net balance due? S93 of the act says you must of iss…
Author: Rossjenelle
2 122 137 days ago Sign up or login to view
Payment Defaults Not really a question more so a statement here. I was a little surprised to find out the only reporting agency that you are able to list payment defau…
Author: Bunyip007
14 315 138 days ago Sign up or login to view
notification of company going under Where can I find information if a company has gone under? ASIC? Or is there anywhere else?
Author: Olivia
2 140 138 days ago Sign up or login to view
PPSR ABN'S/ACN's In relation to PPSR I have attended an informative seminar recently advising to register on ACN's not ABN's the latter merely set up for ATO/GST purpo…
Author: Zeeks
7 216 140 days ago Sign up or login to view
National credit reference scheme Dear Friends, I work for a small finance company and we would like to become a member of "national credit reference scheme". So that we can obtain cr…
Author: Qasim
0 175 146 days ago Sign up or login to view
New opportunities Hi, just wondering if anyone is aware of any national credit manager job coming up soon. Iam done with agencies .
Author: JAYDEN
2 192 153 days ago Sign up or login to view
clients questioning reasons for declined accounts (privacy act) I would like other's experiences on how they handle clients who ring and request reasons for declining their account. We have a clause in our applicat…
Author: Zeeks
4 220 154 days ago Sign up or login to view
Credit Management Course Which is the best training institute that provides courses in Credit Management?
Author: Donnac
1 77 160 days ago Sign up or login to view
Hi, I want to just say Hi, as I became the part of this forum. Thanks
Author: Creditmyfico
0 71 162 days ago Sign up or login to view
dummie collection agency My boss is paying a company to use a professional looking collection agency letterhead to use when a debtor doesn't want to pay. I am not sure if we s…
Author: Olivia
4 261 165 days ago Sign up or login to view
Credit allocations and credit controllers Dear All, I would like to get your opinion and advice on the following questions: Are there any legislative/other requirements or audit recommenda…
Author: Unmean
4 149 168 days ago Sign up or login to view
application I was wondering if a credit application can be signed by an accounts payable person or financial controller? Or does it have to be signed by the direc…
Author: Olivia
9 278 168 days ago Sign up or login to view
Chattel Paper PPSR Registration I want to create a security interest in a customer's on-hire agreements to the end users of our equipment and would like some advice on how to correct…
Author: Geraldine
3 102 187 days ago Sign up or login to view
Credit Repair Agencies How much information am I legally obliged to supply to a Credit Repair agency? They are quoting "...you meet the requirements of the Credit Reporting …
Author: Chromeman
9 277 200 days ago Sign up or login to view
GST on export We have a customer where we supply goods abroad but the business has its legal entity in Australia with an ABN number. Do I charge GST on the invoices…
Author: Olivia
4 132 228 days ago Sign up or login to view
Applications for COD/Prepaid Accounts Hi All, We have discontinued opening COD accounts due to the high cost of collecting/banking/clearing cheques. We've replaced them with CARD accounts…
Author: Rodney Jarvis
10 249 229 days ago Sign up or login to view
responding to PPSR queries I have registered a PMSI and received my 1st query in relation to this registration. I wish to respond to the client by stating I will not release the…
Author: Zeeks
7 200 234 days ago Sign up or login to view
Dashboard for Collections and Recovery Team Hi, Can anyone of you provide me some insight as what is expected out of a dashboard of any Collections and Recovery system (ERP system)?
Author: Chaudharyvinay1
0 98 235 days ago Sign up or login to view
Preferential Payment If legal action was instigated to recover oustanding debt and debtor requested PPSR to be discharged and then the company within 6 months had a Liquda…
Author: Sev
4 166 238 days ago Sign up or login to view
"buckets" Hi, Can someone briefly explain the concepts of buckets in contingent collections and potentially the catergories of cure/finalised. Cheers
Author: Colcredit56
0 139 251 days ago Sign up or login to view
Trading Terms HI Team my company Trading Terms are 30 days from invoice. I have a customer that have been paying right on time for the past year, but now this com…
Author: Mon168
6 244 272 days ago Sign up or login to view
Collection of stock prior to Liquidator's appointment Hi All, A customer notified us his business was going into Voluntary Liquidation & said we could collect our stock prior to the official appointment.…
Author: Rodney Jarvis
11 323 274 days ago Sign up or login to view
Copy of Debt Collection Calls Hi All, great AICM conference this year. I was wondering how I could get my hands on a copy of the Debt collection by Telephone - I think Mike Murp…
Author: Teresa Brown
1 89 277 days ago Sign up or login to view
bank guarantee I currently have an applicant who I declined that is prepared to provide a bank guarantee. I understand that I will receive paperwork from their bank…
Author: Zeeks
2 149 292 days ago Sign up or login to view
Credit Control as a side job Is anyone currently working in a firm as a credit manager but also have a business on the side collecting debt for other businesses?
Author: Solace23
2 212 312 days ago Sign up or login to view
Unfair preference claim We have received an unfair preference claim from a liquidator, but our credit application contains a retention of title clause. Does that mean we have…
Author: Mewing
5 179 313 days ago Sign up or login to view
Proceeds of sale In the case of an administration or receivership where the business continues trading, and where a creditor has a valid PPS registration and retention…
Author: Dave
4 149 319 days ago Sign up or login to view
Bad debts recovered Where a debt is already written off at a debtor account level, do any Credit Managers or applicable roles; allocate cash for bad debts recovered direc…
Author: Dayna
6 171 319 days ago Sign up or login to view
Debt When can a debt be said to have occurred? I work in a debt recovery consultancy company, I think that until the credit tenure expires a debt wouldn…
Author: Fredogold4Debtsalvon
5 164 326 days ago Sign up or login to view
Verifying guarantor for the purposes of registering a caveat I am searching for property for a guarantor and their name is extremely common and has turned up several matches. Other than ordering each title and …
Author: Jo Fitch
2 119 326 days ago Sign up or login to view
Holding Client Monies A client of ours was paid an amount of $5,000 12 months ago but has no idea who paid this. They have done the required searches but cannot find who pa…
Author: Solace23
4 167 327 days ago Sign up or login to view
Personal guarantee Administrators have recently been appointed to a debtor company. The credit agreement contains a personal guarantee by the director. Can the creditor …
Author: Sammy
7 209 328 days ago Sign up or login to view
Social Media Legislation Does anyone know of any social media legal legislation in relation to serving a client legal documents over Facebook/Linkedln?
Author: Solace23
5 144 328 days ago Sign up or login to view
Bankruptcy If a debt is incurred in Australia and the debtor goes back to NZ and declares bankruptcy in NZ, does this cover the Australian debt?
Author: Rachel
4 176 328 days ago Sign up or login to view
Portfolio Amortisation Does anyone have an examples of a lending book amortisation report (future cash flow broken into interest and principle) that I could have. I am afte…
Author: Rossjenelle
2 81 328 days ago Sign up or login to view
Shared ABN between a Trust & the Trustee Hi All, I have noticed a recent change where credit applicants are the Trustee as an individual but they share the ABN of a Trust. Previously, the Tr…
Author: Rodney Jarvis
3 220 342 days ago Sign up or login to view
Creditor's Petition Can a secured creditor file a creditor's petition against the debtor? If so, does it need to give up its security?
Author: Anthony B
6 174 343 days ago Sign up or login to view
Creditor-Debtor Relationship. Can one who borrowed money from someone be called his debtor even when the credit tenure has not expired?
Author: Fredogold4Debtsalvon
4 98 348 days ago Sign up or login to view