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Author: Sergei Tcheberiachki

RECENT EU LAW CHANGES AND PRIVACY UPDATES, WILL THIS AFFECT YOUR BUSINESS OPERATIONS? The simply answer is yes, the EU Law and use of cookies that can affect privacy legislation in that it now requires websites to obtain consent from their website users to store or...

Don’t procrastinate in getting your debts into EC Credit Control. Whilst we cannot guarantee any collection, in our experience the earlier we get the overdue debt, the better the chance of success. With Christmas approaching it is even more important to get your debts in...

The District Court’s changing approach to interest under the Interest on Money Claims Act 2016.   On January 1st 2018, provisions came into force under the Interest on Money Claims Act 2016 which made significant changes to the manner in which the Court awards interest in civil...

“I bet you have heard this one before!! I always remind clients: A sale is not a sale until the money’s in the bank,” says Laurie Brenssell, director of Laurie Brenssell Credit Consultants Ltd. “I’m horrified to find the number of Kiwi SMEs who regard writing...

Veda is now Equifax As of 13th March 2017, Veda began operating as Equifax in New Zealand and Australia. What does our change to Equifax mean for you? The change to the Equifax name will be as seamless to our customers as possible. Current services will remain...

We cannot guarantee a successful outcome in debt collection, some debtors will pay and others will simply make excuses or ignore the matter altogether. Some debtors may already be default listed for other debts and may simply take the view “what’s another default” in the...

Often when contacting a debtor they will make an offer of an amount less than the debt sought as “Full and Final” payment. Any such offer can only be considered and accepted by the creditor as it needs to suit their cash-flow and timeframe for...

Having a Subcontract Agreement in place for your subcontractors can give peace of mind to both contracting parties.  Clear lines are drawn with whom is responsible for specific works under the contract such as statutory requirements, retentions, insurances, site cleaning, default and termination and dispute...

If you decide to give credit to a customer, you should try to get as much security as you can, in case the customer becomes insolvent.  When dealing with a company, you should at least get a personal guarantee from directors and shareholders. If you are...

Over the next few newsletters we will provide you with some answers to FAQ’s we receive daily in the world of debt recovery. To kick this off here are the first four questions we constantly get asked. Why do I have to invoice the debtor...

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