Effective Debt Collection Techniques

Andrew Kingstone, Managing director and Dawn Rudolph, from Gravity Credit Management talk about simple and effective debt collection techniques.
Debt collections happen in almost every operating business. They are just part of the business landscape. While there’s no sure fine method of debt collection, these strategies help improve your ability to recover your money quicker.
With over 30 years of experience, Gravity Credit Management has the knowledge to help recover outstanding debts.
Please get in touch with us at [e-mail] or phone 0800 GRAVITY for any queries.
Visit our website www.gravitycredit.co.nz for more information.

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Debt collection can be a daunting task, even for an experienced debt collector. It’s not unusual for clients to be late with payments, and the recent economic troubles have made it more difficult for some people to pay their bills. This can be frustrating, of course, but understanding where they are coming from and offering them the best solution to repay their debt goes a long way.
It's also good to know that there are tools available that will help collection agencies to find, trace, and contact debtor in case they go missing and decided not to settle their debts.

[@alizalironthso7241]

Thanks for sharing

[@Dan43Note]

Thanks, very informative 👍

[@allibababoo]

The first rule of fight club is don't talk about fight club

[@Klu]

thanks

[@girish23nov]

I want to know about debt recovery how can I contact you

[@shakazulu9464]

Great video👏. My question how to you negotiate with consumers to make a payment if through they’re going through difficult times. What steps can you take to help them find a solution ??

[@sehunlimitedsonyahoward1165]

Options. If a person is unable to pay in full or even a payment arrangement that the client will accept encourage the person to make good faith payments advise you will still need to be in contact, a little empathy goes a long way.

[@manflynil9751]

With a pair of pliers and a blowtorch 😂

[@blueunicorn8665]

How do ask for the payment in full? Sometimes I feel bad for it when the balances are more than 5k.

[@Adbeel80]

It’s your job, either it’s $20 or $20k you just gotta go after that amount. If you’re afraid of claiming for the total amount due. You just don’t fit for the position. Think of it as of it were your own money, cause somehow it is since your commission depends on it. Instead of threatening customers use the benefits they are losing for being behind. Don’t use those lame old threatens, be wiser at collecting.

[@jamesbooster]

@@Adbeel80that’s not true. I was the top collector at my company and the reason it’s at a collection agency is they cannot pay in full!
Better off asking them, I’m calling in relation to this client, this is the balance, what happened and what would you like to do

[@zaraashah561]

Anyone plzz tell me about strategy for avoid bad debts

[@kylesmith1330]

Budget your income. Ensure income stays above expenses. Invest in yourself so you can produce higher income and then invest in assets (cars and vans are not assets)

[@sehunlimitedsonyahoward1165]

I love the video I am sending you an email. I hope you like my idea.

[@bgvlogger2023]

do not give debt - my only suggestion - Its a stress.