This document discusses various aspects of debt collection and management. It defines debt collection as pursuing payment of debts owed by individuals or businesses, which can be handled by a debt collection agency. It also discusses debt recovery becoming more difficult as default rates rise. Debt management plans help debtors work with creditors to reduce payment worries. The document provides tips for debt management, including creating a debt list, spending less to save more, making a budget, and getting help from debt management companies. Finally, it outlines some methods of debt management such as negotiation, enhancement, and loan modification.

1. Take Care of Debt Collection
Debt Collection

2. Debt Collection
Debt Collection is the
method of pursuing
payment of debts which
are owned by any other
individuals or
professionals. Debt
collection can be done by
debt collection agency for
any unpaid debt.

3. Debt Recovery
Debt recovery has become a
difficult task as the number of
defaulters is increasing day by
day. In order to overcome this
situation business owners
have launched their own debt
collection management
systems. This strategy is
practiced widely by the
business community to get
their debts back.

4. Debt Management Plan
Debt Management
Plan is the agreement
between a debtor and
a creditor that helps to
get rid of payment
related worries.

5. Debt Management Tips
Follow these tips for debt
management:
■ Create a List of Everything
You Owe:
It is the first step of debt
management. In this step,
you have to calculate
amount of money which you
have to pay back. So, you can
take overview and then plan.

6. It is the next step of debt
management. This step
is most effective method
to pay back your arrears
is by "spending less and
saving more”.
■ Create a Pragmatic Budget:

7. ■ Get Help from Different Debt
Management Companies:
It is the last step of debt
management. You can save up
your money and pay back all
your arrears with the help of
Different debt management
Companies. You will get the
money-saving strategies for the
purpose of spending less
amount of money.

8. Methods of Debt Management
Following methods of debt management
♦ Negotiation of arrears
♦ Enhancement of arrears
♦ Loan Enhancement

9. Contact Us
Address : Level 5, 68 Alfred Street
Milsons Point
NSW, 2061
Australia
Phone No : 1300 668 699
Email Id : BCS@thebostongroup.com.au
Website : http://www.bostoncommercialservices.com.au