SA Debt Recovery in Nairne, South Australia | Collection agency

SA Debt Recovery

Locality: Nairne, South Australia

Phone: +61 400 151 276

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• Consultation agency
• Financial service
• Collection agency

25.01.2022 We are living in trying times. But business is proceeding as normal for SADR. We are here to help you recover debts owed. Contactless, check. Electronic transactions, check. Communication using social distancing, check. Achieving results.... check. Be safe, be well, we are here to assist going forward.We are living in trying times. But business is proceeding as normal for SADR. We are here to help you recover debts owed. Contactless, check. Electronic transactions, check. Communication using social distancing, check. Achieving results.... check. Be safe, be well, we are here to assist going forward.

19.01.2022 Part 2 So now that we have decided to charge late fees, the question is how much? There are two things to remember here. The first is that a late fee is NOT meant to be a penalty. It is simply compensation for costs incurred in the collection of the funds. That includes the value of money, staff to make phone calls, or software to resend invoices. The second piece is that state laws may apply here. Every state has specific laws regarding the setting and collecting of l...ate fees. Generally speaking, in order to avoid exceeding any thresholds, the total amount charged in late fees should not exceed 10% of the original invoiced amount. So take 10% and divide by 12. That’s barely more than 0.8% (0.008) per month. This leads to the next issue. Fixed fee versus percentage. The key here is the amount owed. If someone owes you just a few bucks, .8% is not going to matter. So a flat $5 or $10 makes more sense. Likewise, if someone owes you a few grand, $5 or $10 is peanuts. So a percentage makes more sense.

15.01.2022 SA Debt Recovery would like to thank Design 2 Envy for our re-vamped, mobile phone adapted, user friendly website. Thanks Ian. Great job, the work was very quickly done, changes were made easily and communication was great. And, they are a local company! If you think your existing website could do with a little makeover then contact them at d2nv.com.au

15.01.2022 As of 18th May, 2020, the rules for court processes and procedures have changed. Thank you for bearing with us as we get our heads around the new forms, of which there are many, and the process for serving them. The old Form 3 for debts under $12,000 has become a Form 1. Importantly, these can no longer be served by Court Mail, they must be served on the respondent by a sheriff or a process server.

14.01.2022 If a debtor has judgment entered against them it affects their credit rating. If they wish to obtain finance, then they must pay the debt/s outstanding as the first part of the process to have their credit rating restored. This happens quite frequently we find and makes the court process worth undertaking. CREDIT-Ometer

08.01.2022 Part 1/. Information for clients who have enquired recently. Typical questions often asked about charging late fees by small business owners include: Should you charge a late fee? How much should I charge? Will it alienate your customers? The answer is always, Yes! Charge enough to cover your costs. If it alienates them, that’s OK, they owe you money. Ok. Perhaps that was a little blunt. Let’s look at late fees a little closer. The first question is whether or not you sho...uld charge a late fee. And the answer is absolutely YES. You did the work. Now it’s time to get paid. You’ve paid for materials. You’ve paid your employees. And now it’s time for your customer to pay you. Let’s put it this wayhow long do you think your staff would stick around if you only paid them when you got paid. And what happens if you pay your mortgage late? Or your car payment or your credit card bill? The fact is, society today understands there are certain expectations and certain consequences. The way you run your business should be no different. Part 2 coming up later

04.01.2022 SA Debt Recovery operates out of 2 Home Offices, so, it's business as usual. So far the Magistrates Court is still hearing civil cases so all scheduled hearings will, at this stage, still proceed.