Boston Commercial Services Pty Ltd (ABN 87 114 658 070) CAPI Licence Number 409 456 759

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Boston Commercial Services provide Debt collection Services in Sydney, Melbourne, Canberra.

Methods Of Recovering A Debt Part III

Engaging a debt collection agency to issue a Statutory Demand once a client is behind payment can be one of the fastest and most effective ways of recovering money owed by a debtor. A Statutory Demand is a formal request made by a creditor and stresses the importance of dealing with the receivable promptly since, by law, the debtor company has to pay the debts within 21 days.

Filing a Statutory Demand is common practice for a debt collector to ascertain whether a company can pay its debts and to compel it to do so. Furthermore, such a demand prevents enterprises …

Methods Of Recovering A Debt Part II

Hiring a debt collection agency can be a fast and efficient way to recover debts from a client. A lot of times when the creditor has already tried to get in contact with the debtor through phone calls and emails, the business will set out a warning to take legal action if the debt is not paid within the suggested time frame. Once all the company’s efforts to retrieve the money itself have been unsuccessful, this is mostly when a debt collection agency is hired to collect the receivables.

As is the procedure, the professional will then send the Letter …

Methods Of Recovering A Debt Part I

Australian businesses are more and more being seen to engage a collection agency to recover a debt once a client has missed several payments. To put an expert in their field on the job is a beneficial way to save the creditor from wasting precious resources. Securing debts is a process that takes manpower, time and effort. Effective debt collection agencies will stay in constant communication with the debtors and allow the creditor to focus on their own business. In addition, a professional debt collection agency offers legal protection throughout the process and is qualified to use advanced tools and …

Calls for Higher Interest Rates to Remove “debt trap”

A debt trap is a situation where a borrower can’t pay their debts due to high-interest rates. They may end up filing for bankruptcy, which means their creditors have no way of recouping their funds. From the perspective of a debt collection agency, debt traps are therefore bad for business.

Surprisingly, debt traps can just as easily arise from unnaturally low-interest rates. When the rates are low, more consumers are encouraged to borrow. They may assume that since the rates are so low, they will have no problem servicing their loans. This means a larger proportion of the population is …

What is Phoenix Activity

Depending on your age, hobbies, and cultural background, you might have heard the word ‘phoenix’ in the context of Harry Potter or Kanye West. In Greek mythology, it’s a bird that bursts into flame when it dies, then gets reborn from its ashes, ensuring that it lives forever. In the business world, a phoenix is something entirely different.

There are various definitions of phoenix activity, and the crux of it is more of a legal argument than anything else. Phoenix activity is when a company deliberately closes shop to avoid creditors. Owners then use the assets from the shutdown company to …

Credit Kills Profit – Part 2

In our last blog, we have already outlined a procedure on how companies can guard themselves against bad debts by introducing a Credit and Application Form and Terms and Conditions that should be submitted and filled out by any potential customer.

One of the most crucial parts of controlling the credit is that the terms of trade agreed to by the new client through signing the form, must be adhered to once the customer has been evaluated and services performed. To make sure the new customer recognises the payment commitments he/she agreed to, it is essential that the collection effort …

Credit Kills Profit – Part 1

Australian businesses are currently being observed to be frequently expanding their credit terms from 60 to 90 days. The natural assumption is that this will foster better relations with their client base – but the big question is: is it worth maintaining customers who seemingly are unable to pay you?

This question is one that appears to be barely discussed in open forums – almost as if it were a taboo topic and not one to be addressed. Having bad debts frequently come with the accompanying symptoms of decline in cash flow, over drafting, cutbacks on staff and limited chances of …

How to Optimise The Return on Your relationship with A Debt Collection Agency (Part 2)

This is the second post of a three-part series exploring steps you can take to enable your debt collectors to recover your debts more effectively and efficiently. We have already established that what you do to support your agency can equally contribute to the quality and consistency of the results you achieve. If you haven’t already read Part 1  of this series, please refer back to it for our initial recommendations.

This week, we are here to share three more simple steps you can take to optimise the return on your relationship with your debt collection agency. These steps specifically …

How to Optimise The return on Your Relationship with A Debt Collection Agency (Part 1)

Businesses often opt to partner with a debt collection agency to boost recoveries, reduce their DSO and minimise bad debt write-offs. As with any investment, business owners naturally want to get the most out of the time and money they spend collecting funds. So what can you do, to ensure that you get the biggest bang for your buck when utilising the services of a debt collection agency?

As we have discussed in previous posts, choosing the right debt collection agency is obviously crucial to the success of your debt management processes, as their expertise, methods and approach will have …

Advantage of Our Obligation Free Debt Recovery Assessment

Why our obligation free debt recovery assessment is your advantage? Cashflow is the lifeblood of business. It promotes growth, opens up expansion opportunities and generates healthy profit margins. The only way to maintain a stable cashflow in a business is to establish a healthy debt collection system which will continue to pump cashflow through the business. Unfortunately, this is where most businesses struggle.

Many businesses find themselves continually depleted of funds as they contend with heavy client debts, and despite the debilitating effect this has on their business, the majority fail to seek professional assistance to get things back on …

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  • I have known the principal of the BOSTON Group (Derryn HARRISON) as well as key staff members (including Ben GOWER) for well over 2 decades and have been using their professional services for myself as well as for Powerhouse Logistics Pty. Ltd. on a regular basis, not only in Sydney but on a national basis.

    At all times BOSTON have been extremely pro-active, attentive, courteous and professional with all matters we threw at them. Their advice has always been extremely sound and commercial and I find them to be a "breath of fresh air" within the legal fraternity and have no hesitation whatsoever to highly recommend them.

    Peter Brueckner

    Powerhouse Logistics Pty Ltd (CEO)

  • Expect A Star has worked with The Boston Group for 10 years. In this time we have appreciated the ongoing support of Boston for all of our collection and legal requirements. Like most businesses cashflow is critical to ongoing success and growth, with Boston we have found a partner who are an extension of our business and play a key part in our cashflow management. The Boston Group bring a level of expertise to our business which is valuable and coupled with their excellent customer service we look forward to continuing to work with them for many years to come.

    Ryan Meldrum

    Former CEO

  • I have been using the services of The Boston Group and their legal entity for over 11 years. During this time I have found their service to be impeccable, delivered with the utmost professionalism and integrity. The vast majority of cases that I have placed with Boston were far from straightforward, requiring legal acumen and delicate handling. Having used all methods available without success to procure payment, I confidently placed these matters into their safe hands. In all instances a successful outcome was achieved.

    Mark Parish

    Credit Manager

  • SNP Security has had the pleasure of working with Boston Commercial Services for the past 11 years. Boston has played an integral part in the continuing success of SNP Security’s low DSO’s, 90 Day % Debt & of course Bad Debts Written Off.

    Amanda Griffiths

    National Administration Manager

Boston Commercial Services is well known debt collection agency in Sydney, Melbourne and Brisbane who has long experience in debt collection.