Security of Payments Act Information
Working with a Debt Collection Company when Filing a Claim under the Security of Payment Act
If you have not been paid for by a client, developer, principal, or a contractor for the construction or building services you have rendered, it is time for you to file a claim under the Security of Payment Act, through the help of a debt collection company.
Choosing a Debt Collection Company
The number of contractors, subcontractors, consultants, equipment hirers, and plant hirers who are having problems obtaining the compensation for the work they have completed or for the items that they have supplied has reached a staggering height. It is largely because of this great number of claimants that many debt collection companies have started offering their services. While this may mean that you have plenty of options to choose from, this does not mean that each collection company will provide you with the kind of services that you need to be compensated.
Important Quality to Look for in a Debt Collection Company – Success Rate
One of the most important qualities that you need to look for when in making a selection from the numerous debt collection companies out there is success rate. Take a closer look at the success rate of the debt collection company that you wish to work with –how successful is it in making use of the Security of Payments Act legislation in Australia? It should already be obvious that the higher the success rate of the collection company is, the more chances you have of getting the entire amount of money that the respondent owes you.
So which of the Debt Collection Companies Out There is your Best Choice?
Since you would want to ensure that the debt collection company you will choose is the best one out there, then there is no reason for you not to go with RECOUP. This debt collection company has an outstanding 99% success rate in making use of the Security of Payments Act legislation across