Bad debt, or difficult debt as we like to think of it, is one of the realities of doing business. But, if managed well, bad debt can be an opportunity to recover money owed, enhance company reputations and ensure that those defaulting customers are rehabilitated and returned to the economic
DebtManagers believe that regulations surrounding the arrears management industry should be strengthened for greater guidance in what is a critical part of the economic cycle. Any new set of regulations should be comprehensive and provide more consistency across both private and public sectors, and be in line with global best
Companies now have a choice when considering how best to deal with bad debt. Our guide outlines the advantages of selling your entire bad debt book to a debt purchaser and what you can expect to receive in return.
Many New Zealand companies, large and small, are unsure about the best way to deal with bad debt, especially with the recent addition of new regulations and guidelines around lending. To help businesses navigate the new rules, we’ve compiled a list of questions and answers we think you’ll find valuable.
