Finance

Debt Collectors Australia | How To Reduce Your Debt

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If Debt Collectors Australia is not already on your radar, then they should be. Collectors in Australia are responsible for collecting overdue debts from individuals and businesses alike. Collectors use different tactics to collect the debt, so you must know what rights you have when dealing with them.

What should I know about this?

Collectors will not harass you if they know that there are laws in place to protect you. Collectors cannot call before eight o’clock or after nine o’clock at night, and they can’t contact your employer about the debt either. Collectors often use aggressive tactics like constantly calling during work hours, coming to your home unannounced, leaving voice messages with threats of legal action if you don’t pay the debt immediately; however, these types of activities are illegal. If Collectors break any of these laws, it is against the law to pursue payment on the debt you owe because this breaches consumer protection regulations.

We hope this information has been helpful to you.