For unsecured creditors, the risk of lending or extending credit without collateral is high. A strategic approach to credit management is essential to safeguard against potential defaults. One proven method is evaluating clients through the “5 C’s of Credit Management,” which provides a comprehensive framework for assessing the creditworthiness of…

Debt Collection Agencies and Creditors  Debt collection in Australia is highly regulated to ensure fair treatment of debtors and compliance with national standards. Two primary regulatory bodies—the Australian Securities and Investments Commission (ASIC) and the Australian Competition and Consumer Commission (ACCC)—have established comprehensive guidelines that shape how debt collection should…

In Australia, the Personal Property Securities Act (PPSA) and the Personal Property Securities Register (PPSR) play a crucial role in debt recovery and financial risk management. For creditors and debt collection agencies, these tools offer important mechanisms to protect interests in personal property and facilitate the recovery of outstanding debts.…

The National Consumer Credit Protection (NCCP) Act is a cornerstone of Australia’s financial legislation. Established to protect consumers, it regulates the lending and debt collection processes for individuals and businesses offering credit. For debt collection agencies and credit managers, understanding and complying with the NCCP Act is crucial to maintaining…