Some businesses have launched a Christmas crackdown on overdue bill payers. They have been hiring squads of debt collectors to recover cash from debtors before it will be spent on Christmas celebrations.
Strict new rules for banks mean that many firms have to meet quarterly revenue targets to retain loans, which means that this has forced them to chase debts more aggressively.
Debt collection agencies have reported a big rise in firms targeting pre-Christmas pay packets. One debt agency has claimed that their business is up by 30% on this time last year.
It’s common that people ignore their debts every Christmas. However as the debt collectors are becoming more insistent, debtors stress levels continue to rise and their debt spiral becomes increasingly more difficult to manage.
Australian Lending Centre offers many debt solutions, and has helped thousands of Aussies stop their debt spiral and become debt free. We specialise in debt consolidation solutionsand are a leading supplier of home loans, personal loans and business loans.
To speak with a friendly consultant on how you could better manage your debt, call the Australian Lending Centre today on 1300 138 188 or fill in an enquiry form to your right and a debt consultant will contact you shortly.