Disputed debts and how to avoid them How to avoid disputed debts? As a business owner or service provider you work hard for your clients and customers. Often you have repeat customers with longstanding relationships, other clients are new, and it is your first time...
Tempest Recovery Process Debt collection is hard going. People can simply ignore texts, reminders, emails and call and the debt can slip into 60, 90, 180 days overdue. Once a debt gets that old it adds further complications. Debtors could have moved, changed numbers...
How to sell a debt to Tempest Customer not paying? – your options When your customers don’t pay you have several options including: Writing off the debt and walking away Engaging lawyers to commencement enforcement proceedings to collect the debt, or engaging...
How to avoid bad debts in the first place? Tempest is in part a debt-buying firm. We buy old/hard to collect debt either outright or on a recovery split deal. But how do you avoid bad debts in the first place? These 6 tips will go some way to reducing the risk of bad...
Lifecycle of bad debts This is a timeline / lifecycle of bad debts that we see at Tempest. The work has been done, payment is due and now the debtor tries everything to get out of their obligation.Bad debts refers to the amount that cannot be recovered from the...
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