The Credit Crunch

Australia may or may not slide into a recession. However the way that we handle credit in business will be changed forever.

Every possible means of protection must be employed by Businesses of all sizes to reduce their exposure to this credit crunch. Cost cutting and a detailed re examination of transactional procedures is imperative to ensure a healthy cash flow.

A healthy cash flow is now more important than keeping good will with slow paying clients.

• Qualify customers by over estimating the cost of a job. (give an estimate not a
  quote).
• Have terms of trade on a Job Sheet and obtain a signature from customer.
• Obtain a daytime phone number, work or home number or next of kin details.
• As soon as trust has been broken through non-payment, slow payment, non communication, verbal
  attack or aggressive behavior …REFER DEBT for Professional Collection.

11% of businesses fail in any normal calendar year.
80% of the population will accumulate more debt over the next 12 months than they have now.

25% of the population will use multiple sources of credit to pay for basics and purchases in 2009 that they cannot otherwise afford. Most of these will be in the 18-34 age group. Often with only part time jobs, and they
could easily mismanage their debts and spiral into Bankruptcy.

Countrywide Collections includes the following services at no extra charge to our Clients in our modest collection fees.

• Skip Tracing
• Afterhours Phone Calls
• Field Calls
• Credit Card transactions
• Monthly Payments & Reports
• Instant Notification by Email of Debtor Payments
• Internet Banking
• Advice on Commercial Matters
• Advice on Legal Matters
• Help with Terms of Trade

A BIG thank you to our Clients who have recommended us to other business people.

Without your encouragement many would not have taken the step to try our service for themselves.

Your Terms of Trade need to include:

• Limited public liability
• Deadline for complaints and claims.
• Transference of Debt Recovery Costs.
• Permission to conduct a Credit Rating Check (available through Countrywide Collections.)