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Personal Guarantee

Created: 20 August 2019
Created: Tangikina
Hi All With a personal guarantee for a private company, should all directors & shareholders be a guarantor, & if a partnership should both partners be guarantors? Also is it best to have identification (drivers licence,… 5 67 Read   

Debt Collection fee

Created: 31 July 2019
Created: Maree
Hi, I have collected a long overdue debt on behalf of a client of ours who asked for our assistance. I need to now invoice for the work. Could someone give me an idea of what percentage an agent would charge for fees? The… 5 75 Read   

Penalty or Late Interest

Created: 23 July 2019
Created: Frank
Hi, I am interested to find out peoples views if you charge penalty or late interest if your customer pays you late or is overdue on their payments.. If you do what interest rate would you charge or what benchmark/interest… 8 78 Read   

New Credit APP with different ABN & ACN

Created: 15 July 2019
Created: Zhi
Hi, I recently notice that some of new credit application come in with ABN and ACN that indicating two companies/entities. Usually, the ACN and ABN share the same last 9 digits, but is it normal to two different ones shown… 11 113 Read   

Trustee has resigned from Trust. Who owns the debt?

Created: 06 June 2019
Created: Frank
Good morning team. A trustee has signed a credit application on behalf of a trust and ordered goods. The goods are unpaid, and I have discovered the trustee has subsequently resigned from the trust. Who do we pursue for the… 13 147 Read