QUALIFYING
DEBTS
TYPES OF DEBT INCLUDE. BUT NOT LIMITED TO:
- Unpaid goods and services
- Rent arrears
- Unsecured loan debts
- Default on loans including bridging loans
- Trading debts
- Small claims court debts
- Insolvency debt
YOUR COMPLETE DEBT SOLUTION
SMARTER. FASTER. MORE INNOVATIVE APPROACH TO MANAGING YOUR CASHFLOW
WHO ARE WE?
debt buyers is new zealand’s leading provider of end-to-end debt purchase solutions
Since 2010 we have been providing full debt solutions to banks, finance houses and small to medium business. We are an Australasian business with our operations and head office in Auckland, New Zealand.
We place a premium on providing solid, compliant and reputation sensitive services tailored to clients specific requirements. What’s more, we also eliminate that uncertain waiting period to be paid, or worse, the possibility of never being paid.
confidence I security I certainty I reassurance
how does
it work?
selling debt offers many key benefits to creditors
- Immediate resolution of your problem
- Removal of bad debts from your balance sheet
- Improved cashflow
- Reduction of time and expense of a collection process
- Elimination of the risk of paying significant lawyers’ fees without assurance of success
- Removal of the personal element and discomfort where there may be a business or personal relationship with the debtor
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ASSESSMENT
PROCESS
WHAT WE CHECK BEFORE WE AGREE TO PURCHASE:
- Complete a legal assessment of the debt and any underlying contracts
- Undertake comprehensive due diligence on the parties involved to determine viability and legitimacy
- Require full co-operation and disclosure from you to enable us to carry out our due diligence
- Once our inquiries are complete and we offer to purchase the debt, contracts are prepared for the sale
Your business can then write the debt down and claim bad debt tax relief
