Category Archives: Financial Services

Understanding How to Deal With Debt Collectors

Dealing with debt collectors does not have to be difficult. If you are cooperative, they will treat you professionally. Nonetheless, there are a few unprofessional debt collectors who may threaten you or use abusive language. To prevent this kind of harassment, here is how to deal with debt collectors when they come calling.

how to deal with debt collectors

Ask the debt collectors to give the information in writing

A collector should send you a written debt notice detailing the amount you owe, your creditors’ name and the action you can take if you believe that you do not owe any money as stated in the debt collection act. Ensure that you receive the written information before engaging in any chitchat with the debt collectors. If you do not recognise the debt, notify the debt collectors in writing within 30 days after receiving an official communication.

What to do if you acknowledge the debt and can pay

Delaying a debt payment may result to further nagging from the debt collectors or court cases that may require more money. Therefore, if you own the debt, source the required amount of money and pay. You could borrow from a friend or take out a personal loan. After paying the debt, request for a written acknowledgement from the debt collection company as proof that they are satisfied with the payment and should not contact you again.

What to do if you cannot pay

If you owe the money in question but cannot afford to repay it immediately, request the debt collectors to design a repayment plan for you. The plan should work in your favour. Do not strain to fit in a repayment plan that favours the debt collectors. Bear in mind that, you are entitled to a 30 days grace period to sort your finances out and determine what you can afford to pay. Check out Debt Mediators

Set your limits

Do not allow the debt collectors to contact during odd hours. Set the contact limit to working hours only. If you cannot receive personal calls at work, inform them to contact you after office hours but before 9 pm. If you do not want any contact from them, design a repayment plan, promise to adhere to it and request them to stop contacting you.

What are debt collectors allowed to do?

You may think you know how to deal with debt collectors by evading them, but, they also have their rights especially when dealing with rogue debtors. Therefore, if you are not cooperative, debt collectors are allowed to seek legal assistance. If your debt represents unpaid child support, they are allowed to contact your employer. They are allowed to design a repayment plan when they deem fit. The plan should favour both parties and you have to support the idea. Above all, they are permitted to remind you of payments if you delay or do not pay as agreed.


Knowing how to deal with debt collectors when they approach you for money ensures that you are not misled or intimidated. Though there are rules that govern debt collection companies, they can be barely followed and some companies use unscrupulous ways to recover debts. For more details, just visit

Hire professional Charted Accountants to Avoid Future Surprises

Got a business and do not have the time to match the accounts? Need help with the whole taxation process? No matter how big or successful businessman you are, at times you do not have an answer to these questions. However, running a business without knowing the answers could prove to be dangerous in the long run when some external agencies pick your company up for an audit, and then they discover (and you too) that there are anomalies in the business accounts. It is no crime not to know the various accounting methods and taxation activities; hence you can take the help of chartered accountants in Auckland to help you with the audits and accounts of your company.

There are many firms that offer various services pertaining to your business, which include auditing services, business advisory services, taxation services and last but not the least, accounting services.

There’s a lot under the umbrella of accounting services

Talking about accounting services, the chartered accountants in Auckland help their clients in selecting the right kind of accounting framework for their business, and then they help in setting up the framework as well. The chartered accountancy firms will also help you with regular management reports that you want that too at any desired frequency, whether monthly, quarterly or bi yearly. These management reports will help to capture the exact picture of the accounts of the business. Another very important job that the chartered accounts can help you with is the preparation of the annual financial statements that you need to share with the board of directors as well as the share holders of the company.

Auditing and taxation services are very crucial too

A very important aspect of handling the accounts of any company is the audit of the various aspects of the business regularly. This is something that requires professional expertise. The various audits that usually are done by the chartered accountants in Auckland include audits of general purpose financial statements, audit of organizations that are registered with Charities Commission, audit of financial statements to check if they are hand in hand with the accounting framework of the company and many more similar services.

If you are running a business, you have to pay your taxes regularly and legitimately, and that is exactly what the accounting firms are equipped to help you with. They can help you with annual tax returns, income tax planning for your business or even for individuals, and even they can help you with the Inland Revenue audits and various disputes related to that. All in all, a complete package of taxation services is something that you can expect from the charted accountants of your country.

Before you select any chartered accountant or accounting firm to help you settle the accounts of your business, be sure that the above mentioned services are being offered by the firm. You would certainly not want to bog your mind with these things after you have hired someone professional and all you should be focusing on is how to increase your profits and enlarge your business so as to give more and more work to the chartered accountants.

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