http://www.collectit.co.nz/blog/ The latest Blog feeds from www.collectit.co.nz en-us Wed, 15 Apr 2026 14:49:55 +1200 Rocketspark http://www.collectit.co.nz/blog/post/39832/What-s-in-a-Name/ When you are in business, getting a new customer is a great feeling…  You get to grow your income, develop new and potentially long-term relationships and show how well you can do what you do! However, in the haste to get started, taking a few steps at the beginning are imperative. Read this article to learn about two of our most important areas to protect what is owed to you when it comes time to involve a Debt Collection Agency… Firstly, in our industry we are forever talki... Thu, 25 Apr 2019 18:44:39 +1200 http://www.collectit.co.nz/blog/#post39832 http://www.collectit.co.nz/blog/post/32693/Travel-Industry/ CollectIT’s client (Client A) in the travel industry was owed $13,057.11 by an ex-employee who had promised to repay the money. Funds were misappropriated in 2007 and although some payments had been made these were not consistent. In November 2011 CollectIT was asked by Client A to commence debtor management. After this was ignored by the debtor, Court action was initiated in December 2011 and a charging order was put over the debtors’ home in May 2012. In August 2012 a second party (Client ... Wed, 19 Sep 2018 09:57:10 +1200 http://www.collectit.co.nz/blog/#post32693 http://www.collectit.co.nz/blog/post/32692/Small-Business-Sale/ CollectIT's client B sold a lawn mowing business, and generously left approximately $25,000 in the business allowing the new owner to get established and then repay the amount. As you've already guessed, the fact that it was placed in CollectIT's hands, means the debt was never repaid! The debtor did not respond to the many letters, phone calls, texts or even messages left with family. CollectIT were instructed to proceed with court action and a Notice of Claim was served on the debtor; however,... Wed, 19 Sep 2018 09:56:21 +1200 http://www.collectit.co.nz/blog/#post32692 http://www.collectit.co.nz/blog/post/32691/Signed-Credit-Application-Form-puts-the-cost-onto-debtors-/ CollectIT was engaged to pursue a sole trader from Dunedin who owed our client invoices worth $12,612. Once it was put into the hands of CollectIT, interest was oncharged as well as collection costs as per the creditors credit application form. The debtor began making payments after a month of discussions, and these continued sporadically for nine months totalling $6,000. The payments then stopped. After many more follow ups with the debtor, but no further payments, CollectIT applied for a court... Wed, 19 Sep 2018 09:55:43 +1200 http://www.collectit.co.nz/blog/#post32691 http://www.collectit.co.nz/blog/post/32690/Why-terms-of-trade-are-important-no-matter-what-the-size-of-the-debt/ Our client - in the advertising industry was owed a total of $462 by a client in Christchurch. The debtor promised to pay on many occasions and never did. As our client was able to charge interest and recover collection costs CollectIT recommended proceeding to court. Our client was dubious due to the small amount involved but when CollectIT explained that under the terms of the agreement the debtor had signed with them, all costs would be added to the claim, instructions to proceed were granted... Wed, 19 Sep 2018 09:55:08 +1200 http://www.collectit.co.nz/blog/#post32690 http://www.collectit.co.nz/blog/post/32689/Advertising/ Our client - in the advertising industry was owed $1,200 by a sole trader in Christchurch for advertising carried out. Debtor B disputed the amount claiming the advertising never took place despite being provided with evidence showing dates and times, so off to the Disputes Tribunal the case went. At the hearing Debtor B requested certain information was supplied to him so another hearing time was granted. Debtor B did not show up to the next hearing and so Client M presented their case and rece... Wed, 19 Sep 2018 09:53:48 +1200 http://www.collectit.co.nz/blog/#post32689 http://www.collectit.co.nz/blog/post/32688/Logistics-Industry/ This was the comment made to CollectIT by a client referred by their Accountant. The client desperately needed some assistance with slow payers and bad debts, but had had poor results from other debt collection agencies. The client was persuaded to try CollectIT and after a few months referred 13 debtors. One of the concerns raised by the client was CollectITs’ 20% commission. CollectIT prepared terms of trade for this client so costs could be passed onto future debtors. Unfortunately, this cl... Wed, 19 Sep 2018 09:52:53 +1200 http://www.collectit.co.nz/blog/#post32688 http://www.collectit.co.nz/blog/post/32687/Irrigation/ Our client had carried out irrigation work for a company in Napier and the job had run smoothly with the client paying installments as and when requested. There had been no concerns with the job so it came as a surprise to the creditor when his final $10,000 invoice went unpaid. CollectITs client wasted no time in handing the matter over for assistance. When CollectIT was asked to recover this debt, it was two months overdue. The debtor decided ignorance was the best way to handle the outstandin... Wed, 19 Sep 2018 09:51:38 +1200 http://www.collectit.co.nz/blog/#post32687 http://www.collectit.co.nz/blog/post/32686/Tenacity-pays-off-/ CollectIT began pursuing a debt for an Auckland Accountant in April 2013 when the debt was 18 months old. After approximately 20 unsuccessful attempts at contact which included text messaging, letters to two different addresses, emails to three different addresses and phone messages, the debtor company was loaded as a default debtor on Veda. The husband and wife had both provided personal guarantees on their contract prior to work being carried out by the Accountant and so were also loaded as de... Wed, 19 Sep 2018 09:51:02 +1200 http://www.collectit.co.nz/blog/#post32686 http://www.collectit.co.nz/blog/post/32685/So-many-outstanding-accounts-you-don-t-know-where-to-start/ CollectIT's client (an Accountant) had a pile of files that he had not been paid for and was procrastinating about whether to pursue them or not. He decided he had nothing to lose by sending them in to CollectIT and so forwarded 11 files.  Result: Within the first three days one file was paid. By the end of the first week another file had been paid. After CollectIT had been working the files for only six weeks, six out of the 11 files had been paid and closed. This amounted to $10,500 ... Wed, 19 Sep 2018 09:50:29 +1200 http://www.collectit.co.nz/blog/#post32685