Blog

Disputed Debt? Do not walk away!

  Too, often we come across clients who have walked away from a disputed debt, thinking that it is too hard and expensive to get paid. This is especially the case where there is some validity for the dispute. It is the nature of commerce that, sometimes, we make...

Written off debts

 At Tempest, we purchase a wide range of debts, but perhaps the best commercial opportunity we offer to our clients is that debt that has been written off. Sometimes we pay a few cents in the dollar for old debts, where our client has written the debt off, but we...

Is selling your debts a good idea?

Selling and buying a debt is still a relatively new concept in Aotearoa. However, at Tempest, we think it’s great. We are however slightly biased (being a company that buys debt), but let’s have a look at the pros and cons, and let you decide whether it is something...

Class Actions and Litigation Funding

In December of 2020, the Law Commission published an issues paper regarding class actions and litigation funding. They say the crucial question is whether the potential benefits of class actions and litigation funding in terms of promoting access to civil justice can...

Debt Buying isn’t Debt Collection. It’s a much different beast.

Debt Collection Debt collectors act as agents for creditors and take a percentage of what they collect. Twenty percent is standard. For this the debt collector will phone, write letters, and sometimes arrange site visits. Which, you might think is exactly what credit...