Debt Collection Specialists | Sydney | LCollect
Debt Collection Agency | LCollect

Overdrawn Accounts Debt Collection


Overdrawn account debt collection deals with the collection accounts where a credit contract or loan contract does not specifically exist. These accounts can exist where a debit card facility has inadvertently been overdrawn. Most banking systems prevent this style of account being overdrawn, but not every instance.

We understand these accounts and as they are typically unsecured, present a much higher risk to financiers and require prompt collection action with proven processes and procedures that deliver results.


We Can Assist You With

 
  Demand Notices (including to guarantors).
  Default Notices (consumer credit facilities).
  Telephone demands and negotiations.
  Repossession and sale of any security that may be held.
  Court proceedings (in conjunction with Collection Law Partners).
  A fully outsourced collection team.
  Contingent / Commission based debt collection at a time you decide is most effective in your collection cycle
  Debt purchase
  Bankruptcy proceedings

We want to maximise your return of funds. Our approach is one of true partnership. We take the time to understand your requirements and brand to customise a debt collections process that is aligned with your requirements whilst maximising your return. Before incurring any additional costs (such as court enforcement action) we make a commercial assessment of the account to determine the likelihood that the action will yield a positive result. We only make recommendations to proceed where a positive result is likely.


Compliance


LCollect offers all clients access to our 24/7 Client Online Access. This gives you the peace of mind that we are not only acting in your best interests but also within the law. We are committed to compliance and ensure that all staff undergo regular quarterly testing to ensure continued compliance with the ACCC and ASIC Debt Collection Guidelines and the Privacy Act 1988.


Find Out More


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