Slade Waterhouse Pty Limited
Definition of 'Debt Financing' Debt financing is a means of raising funds to generate working capital that is used to pay for projects or endeavors that the issuer of the debt wishes to undertake. The issuer may choose to issue bonds, promissory notes or other debt instruments as a means of financing the debt associated with the project. In return for purchasing the notes or bonds, the investor is provided with some type of return above and beyond the original amount of purchase.
Advantages and disadvantages of debt financing
Maintain ownership, Tax deductions, Lower interest rate Repayment, High rates, Impacts your credit rating, Cash and collateral
Alternatives to Debt Financing Equity financing, Mezzanine financing, Hybrid financing
Definition of 'Debt Collection' A collection agency is a business that pursues payments of debts owed by individuals or businesses. Most collection agencies operate as agents of creditors and collect debts for a fee or percentage of the total amount owed. There are many types of collection agencies. Firstparty agencies are often subsidiaries of the original company the debt is owed to. Thirdparty agencies are separate companies contracted by a company to collect debts on their behalf for a fee. Debt buyers purchase the debt at a percentage of its value, then attempt to collect it. Each country has its own rules and regulations regarding them.
What Does It Mean For Your Credit? A debt collection is one of the worst types of credit report accounts. A collection account shows that you have been seriously delinquent on an account. Your credit score will drop if a collection appears on your report. You may be denied for credit cards and loans in the future, especially if the collection is recent or remains unpaid or both. Debt collection accounts can stay on your credit report for up to seven years. You can lessen the effects of a collection on your credit score by paying it off. As time passes, the collection account will have a less significant impact on your credit. Continuing to pay all your other bills on time will also help your credit score recuperate from a debt collection.
How Collections End Up On Your Credit Report?
When an account is sent to a collection agency, either the original creditor or the collector updates the account on your credit report with a "collection" status. The creditor doesn't have to tell you that your account is being sent to collections. However, the debt collector does have to
Slade Waterhouse and its legal partners provide efficient debt collection services to our clients. Our experienced and efficient debt collection team adheres to Slade Waterhouse’s high ethical standards and consistently delivers our clients their ideal results. We provides lawful and efficient debt collection services that consistently meet and exceed the expectations of our clients. Slade Waterhouse utilises the most advanced technologies in combination with Australia’s leading debt and legal recovery experts to ensure the collections process meets the client’s standards.
Slade Waterhouse’s core business areas include: Debt Recovery Debt Collection Legal Recovery Commission Collections Receivables Management Insolvency Mortgagee Skip Tracing
Commercial Debt Collection Consumer Debt Collection Credit Documentation Brand Protection Debt Purchasing
Our Services :
Slade Waterhouse Pty Limited Ground Floor Reception 454 Collins Street MELBOURNE VIC 3000 Call us now: 1300908080 Or Visit : www.sladewaterhouse.com.au
Published on Jul 25, 2013
Slade Waterhouse is Australia's leading debt collection firm dealing in Brisbane, Sydney, Melbourne, Adelaide, Perth and all Major cities in...