Finding a debt collector in New Zealand

With easy credit all but wiped out and late payments on the increase, creditors are looking for new solutions for recovery of delinquent accounts. An innovative 21st century solution presented by 'New Zealand Blacklist' not only provides a unique nationwide solution, but also streamlines the process in which creditors place delinquent accounts with 3rd parties.

With a largely unregulated collections industry operating across New Zealand, creditors are presented an abundance of choices when seeking a debt collection agency. Many businesses will spend vast amounts of time researching, consolidating and engaging with collection agents to establish whether they are suitable, qualified and able to represent their interest in the best possible means for the best possible outcome. The NZ Blacklist website www.nzblacklist.com streamlines this process by allowing creditors to lodge debt information quickly and easily online. This enables the electronic networks registered collection agencies the ability to provide offers of assistance remotely to the creditor.

NZ Blacklist Director, Marc Robinson, states "It's a smart and simple business solution. A company accounts department will generally have access to internet and we provide an online service that is available to them at their convenience. They don't need to spend time and therefore money hunting for likely agencies to interview and engage. All they have to do upload information online and let the motivated collectors provide them solutions via the website. With more than 40 Collectors registered on the website located across the entire country, solutions can be found quickly and easily regardless of the creditors or debtors locations".

There is no cost for creditors to use the NZ Blacklist system to find a collections service. "The collection services eventually chosen by the creditor pay NZ Blacklist a commission for the introduction. It makes economic sense to utilize our service as it minimizes time and cost centres associated with the seeking and engaging of 3rd party services. Those same third parties are also providing highly competitive rates via the website for recovery which are not apparent in traditional channels. This is a far more economic solution to debt collection" says Robinson.

The website has proven to be effective at collecting debts report high success rates. In an industry plagued by bad payers and dark stigmas, Robinson explains the keys to the company's success, "We endeavour to match the collectors' strengths and abilities with the creditor's needs and requirements. We do not believe there is a 'one size fits all' solution to debt collection and we are very pleased with the collectors within our network whom are providing exceptional results". Robinson says that the company is currently handing debts from one hundred dollars to half million dollar portfolios.

The website plans to expand its web services in the near future which includes an Australian expansion. NZ Blacklist reports that enquiry levels to and from Australia have elevated significantly since the company started and that they are actively discussing options for a similar system supporting both sides of the Tasman.