Debt collection can be a problem when you are the one owed money. No matter, whatever the circumstances, if the money was borrowed and there is an accident, chances are, your whole debt will be stagnant and it will be very hard for you to repay the debt money. This is the reason for which, you shouldn’t certainly make all these things according to your main agenda while doing all these things on the paper. You have the right to collect it. It could be contracted disputes or even allegations of property damage.
First approach the person directly or face to face and asked for the money owed. Remind them of the circumstances surrounding the debt and the time frame the debt incurred. You should wait for the answer. After your regular approach, if there is no answer, then you should go serving court documents.
They will either pay on the spot or feel compelled to pay off the debt in a satisfactory manner or they will want to be a problem, a thorn in your life. If the people will abuse you verbally, just walk away. One should not confront the person any further.
After this step, time to send him or the agency a certified letter to that person or business. List the amount of money that is due to satisfy the debt and ant facts surrounding the debt, especially the date or dates evolved. Request how and when you expect payment. Make the letter to the point and business at the same time. After serving the letter, the post office will provide you the information, when the letter has actually delivered.
On the off chance, if the letter was returned undelivered, you have to locate the viable address and send the letter again. You can contact friends or relatives you can sleuth out to get the current address.
If the amount is high, you’ll need to look into a higher court to resolve the matter. But whatever your decision, make a concerted effort to gather any and all evidence in the favor. I could be checked, photographs of different property damage, receipts and different forms of leverage, contracts. If there are witnesses, you can collect notarized statements from the individuals.
After the suit is filed, the defendant has a certain period of time to respond to a counterclaim. There is a statue of limitations and the plaintiff should file suit before that chance would disappear. All most all debt collection agencies are bound to follow the rule of process serving Australia. In this way, both the borrower and the lender will settle their debt money.