Your Debt Guardian

Mastering Payment Negotiation in New Zealand: Strategies, Tips, and Best Practices

Payment negotiation is a crucial aspect of conducting business in New Zealand. Whether you're a seasoned entrepreneur or a budding startup, knowing how to negotiate payment terms effectively can significantly impact your bottom line and overall business success. In this comprehensive guide, we'll delve into the intricacies of payment negotiation in New Zealand, offering valuable strategies, tips, and best practices to help you navigate this vital aspect of business operations.

28 Mar 24

The Best Practices Accounts Receivable in New Zealand

In the dynamic landscape of New Zealand's business environment, managing accounts receivable effectively is crucial for maintaining healthy cash flow and sustaining business growth. Understanding the intricacies of accounts receivable in New Zealand, including local regulations, best practices, and strategies tailored to the New Zealand market, can significantly impact a company's financial stability and success.

20 Mar 24

The Difference Between Disputed or Unpaid Debts

The words debt and dispute start with the same letter and are often written in the same sentence. Yet when you believe you are owed a debt, there may be a debtor giving every excuse in the book not to pay.

28 Jul 21

The History of Debt Collection

Ever wondered when the earliest recording incidence of debt collection took place? Well, once in a century far, far away, the origins of debt collection began.

8 Jun 21

What to Look for in a Debt Collector

If you’re finding that unpaid invoices and debtors are holding up your business cashflow, you have a few options. One is to follow up on the invoices yourself and request payment, but this can be time consuming and often fruitless.

11 May 21

Are Debt Collectors Really that Intimidating?

There are many industries that often get a bad rap from consumers, and debt collectors or debt collection agencies are on this list. If you look at other industries that also cause distrust and public complaint, without naming any in particular, they are usually the ones that supply an essential service that we have to pay for - and resent!

5 Apr 21

How to Create an Effective Invoice

Invoices. They come in as many shapes and forms as your customers and as with many things in life, some are better than others. If you’re starting out in business and are about to experience that satisfying feeling of sending your first invoice, make sure you hit the ground running from the start, with an invoice it has your back if you need to enlist debt collection services.

24 Mar 21

Why Terms of Trade Should be Non-Negotiable

A well-known adage is to ‘start as you mean to go on’, and nowhere is this is truer than when engaging with a new client to deliver your product or service.

16 Feb 21

Preventing Debt Collection Services

You provide an excellent product or service and are a subject matter expert in your profession but getting clients to pay their invoices on time is likely to be one of your most challenging pain points.

5 Jan 21

Types of Debt Collectors

Just like businesses (and people!), debt collectors come in different shapes and forms. And like personal relationships, what suits one person isn’t right for another. What types of debt collectors are out there and what are their attributes? Let’s find your perfect debt collector match!

15 Dec 20

Personal Guarantees and their Role in Debt Collection

Businesses have been hit hard by the financial fallout of Covid-19 this year, unfortunately leading some to go into liquidation. If you’ve had a client in this situation, you may have been lucky enough to get paid before this happened, but under NZ law, payments prior to liquidation could be requested back by the liquidator as insolvent transactions.

10 Nov 20

How to choose a debt collection agency

Debt is something that many of us have become more familiar with in 2020, especially as we deal with the after effects of Covid-19 on our economy. When one business fails to pay its invoices, a knock on effect is triggered, affecting other businesses and suppliers who work with them.

21 Oct 20

Do I need a debt collector?

Do you have a pile of unpaid accounts by your clients? Are these unpaid invoices affecting your cash flow? Have you been asking for payment without success and are you stuck for how to ask for help?

23 Sep 20

Understanding NZ’s debt collection regulations

As a business or individual, understanding the right and wrong ways to approach debt collection is a crucial first step when you need to approach late payers.

14 Aug 20

Busting debt collection myths

Every day we’re faced with urban myths about politics and celebrities, and on a less scandalous scale, myths around managing our finances. While the world of celebrities doesn’t have much impact on our daily lives, nothing is more personal to us than business cash flow.

22 Jul 20

The two sides of debt – business and personal

Debt is an everyday occurrence once we reach adulthood. From financing our first car, getting a student loan, putting an overseas trip on the credit card, to a home loan, being in debt can seem like a rite of passage.

18 Jun 20

Weathering debt recovery during level 4 lockdown

Covid-19 and the current level 4 lockdown has been the biggest disrupter to New Zealand that most of us can remember, hitting us emotionally, physically and monetarily – both as individuals and as business owners.

10 Apr 20

Navigating Debt Collection Agency in New Zealand: Your Comprehensive Guide

In the intricate financial landscape of New Zealand, individuals and businesses sometimes encounter challenges with debt recovery. When faced with unpaid invoices or delinquent accounts, seeking assistance
rom a reputable debt collection agency becomes crucial. This comprehensive guide will illuminate the role of debt collection agency in New Zealand, the legal framework governing their operations, and how to select the most suitable agency to safeguard your financial interests.

1 Jun 19