Blogs
Our latest blogs and articles about litigation funding and debt recovery in nz.
Disputed debts and how to avoid them
Consider selling and assigning your bad debts to Tempest. We take active steps to maximise the recovery and track down missing clients.
Tempest Recovery Process
Consider selling and assigning your bad debts to Tempest. We take active steps to maximise the recovery and track down missing clients.
How to sell a debt to Tempest
Unpaid invoices cause a financial strain on your business. By selling your debt to Tempest, you free up time to focus on your business, leaving the time and risk associated with collection to us.
How to avoid bad debts in the first place?
The main thrust of avoiding bad debts is avoiding bad customers. Here are some ways you can assess a customer’s creditworthiness
Lifecycle of bad debts
Collecting debts can be a chore, if there is other productive work on your plate. From our experience here are 5 biggest mistakes people make while collecting debts
Unlocking Lost Debts
We buy old debts, even debts that our clients have written off, If the debtor fails to engage, we can escalate through litigation. This knowledge gives our collectors the confidence to push for a resolution. And we often succeed in making a satisfactory recovery.
5 biggest mistakes people make when they DIY debt collection.
Collecting debts can be a chore. Especially if there is other productive work on your plate. From our experience at Tempest, here are some of the 5 biggest mistakes people make when they are DIY debt collecting:
Disputed Debt? Do not walk away!
Too, often we come across clients who have walked away from a disputed debt, thinking that it is too hard and expensive to get paid. This is especially the case where there is some validity for the dispute.
Written off debts
At Tempest, we purchase a wide range of debts, but perhaps the best commercial opportunity we offer to our clients is that debt that has been written off. Sometimes we pay a few cents in the dollar for old debts where our client has written the debt off, but we prefer a deal where …
Is selling your debts a good idea?
Selling and buying a debt is still a relatively new concept in Aotearoa. However, at Tempest, we think it’s great. We are however slightly biased (being a company that buys debt), but let’s have a look at the pros and cons, and let you decide whether it is something...