A Sydney-based client of mine in the Finance Industry was recently owed $50,000 by a debtor located in Perth. They had repeatedly attempted to get payment but the debtor had been evasive and then stopped responding to their repeated requests for payment.
With $50,000 outstanding for more than 90 days the situation was becoming serious so they turned to EC Credit Control for our assistance.
Our proven Debt Recovery Team swung into action and quickly convinced the debtor that it was in their best interests to pay what was owed. Payment of 50 per cent was received immediately and a short time later the outstanding balance was paid. So our relieved client has now received every cent that was owed to him, all within a very short timeframe of getting us involved. Looking ahead our client has learnt from this experience and is now looking to protect his business cash flow for the future by implementing our comprehensive range of Credit Management products and services into his business.