Dun & Bradstreet is pleased to offer its Collection Services at a special rate for VACC members.
There are many good reasons to enlist the services of a professional collector. The most important of these is the need to improve your business' cash flow.
What's in it for VACC members?
- A special VACC Member annual subscription rate of $99 (inc GST)
- FREE 7-Day initial 'letters of demand'
- No recovery, no commission payable
- A compelling reason to be paid, with D&B's compelling name, synonymous
globally with credit ratings
- 8 ways to get paid, including cash, cheque, credit card, Bpay® and POSTbillpay®, etc
- Interact one on one with your personal account manager
- International debt recovery
Commission Structure
When your debt has been successfully collected (out of the 7-day period) the commission rates are:
| Under $500 |
20% |
| $500 - $10,000 |
12% |
| Above $10,000 |
5% |
To find out more visit D&B's website at www.dnb.com.au/collection or call (03) 9828 3364 and speak to the VACC Account Manager.
Debt Formalisation Process
Another option to consider is that of formalising the debt. This involves an application to have the debt formally declared and then optionally converting that declaration to a Magistrates Court Order. Victorian members can consider seeking the declaration of a debt by VCAT (Victorian Civil Administrative Tribunal).
It will cost $38.50 to lodge an application (for matters up to $10,000).
More information about this can be found in VCAT’s Civil Claims Guide.
Click here for VACAT's Civil Claims Guide. This also has an Application Form.
Click here for Civil Claims Application Form
If a debt is declared by VCAT to exist, the option is then available to have this declaration converted into a Magistrates Court Order. Cost of this is $137.
If the Court Order then remains undischarged, debt recovery action may then result in action including, but not limited to, possible forfeiture of property.