The collection of secured credit facilities involves the collection of a debt where a form of security is held other than Real Property / Land. The types of security involved are wide and can include a motor vehicle, boat, truck, information technology, circulating assets (a floating charge) and non-circulating assets (a fixed charge).
Loans can also be secured by guarantees. We know and understand the importance of guarantees. We know how to evaluate a guarantors likely financial position before commencing negotiations to ensure we get the best possible collection result for you.
We review secured loans to make an informed assessment about; the likely value of the security, any possible shortfall if this security is sold to satisfy your debt and the ease in which the security can be recovered and realised.
We Can Assist You With
| Demand Notices (including to guarantors).
| Default Notices (consumer credit facilities).
|Telephone demands and negotiations.|
|Field Call visitations to assist in determining the value of your security.|
| Repossession and sale of any security that may be held.
|Issuing all relevant statutory notices required after repossession and after sale of your security.|
| Court proceedings (in conjunction with Collection Law Partners).
|Court orders for possession of your security (in conjunction with Collection Law Partners).|
| A fully outsourced collection team.
| Contingent / Commission based debt collection in the event of any shortfall.
We want to maximise your return of funds. We understand that realisation of the security may not in all cases deliver the best possible collection result where the value of the security has not properly been considered in conjunction with the debtors financial position. 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.
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.
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