Home-Based business debt recovery service

Tradies, wholesalers, freelancers, transport firms and other small businesses with unpaid invoices and no time to chase them.

A percentage of what you recover (often called commission or no-recovery-no-fee), sometimes with a small set-up or monthly fee for ongoing ledger follow-up.

• Calm, firm and respectful phone manner
• Negotiation and record keeping
• Understanding of consumer and business conduct rules

• Licensing or registration rules for collectors differ by state and territory, so check with your state's licensing body before taking work
• Collection conduct is covered by the Australian Consumer Law and ASIC Act, so harassment, misleading statements and threats can lead to penalties
• Collecting consumer credit debts may bring extra obligations, such as credit licensing or dispute scheme membership, so get advice before taking them on
• Client money must be handled properly; check trust account requirements and professional indemnity insurance
• Check council rules for running a business from home and keep debtor data secure under privacy law

Estimates suggest typically around $1,500 to $6,000, depending on your home office setup, software and any insurance you need. Check professional indemnity insurance and trust account requirements when budgeting.

Licensing or registration rules for collectors differ by state and territory, so check with your state's licensing body. Also check Australian Consumer Law and ASIC Act conduct rules, extra obligations for consumer credit debts, client money handling and privacy.

Monthly revenue is typically around $1,000 to $5,000, depending on how many clients you take on and the debts you recover. The estimate assumes at least about 15 hours a week of your time.