5 Top and Best Debt Collection Agencies in Melbourne - Best in Australia (2024)

Effective debt recovery should be an important priority for businesses, delayed payment and bad debts can really hurt, making it difficult for businesses to meet their financial obligations to staff and suppliers.

Debt collections can be a difficult task, often requiring both sensitivity and persistence, most businesses find that they do not have the time or resources required to chase non-payers, recover bad debts or pursue legal action when things go wrong.

Businesses trying to handle their own debt recovery are far more likely to give in and make write-offs which can quickly add up. A good professional debt collection agency can massively improve recovery rates for debt.

Their staff will have the appropriate training to be firm but ethical and they will know how to handle customers with the appropriate tact and sensitivity – this can help your business to avoid any legal trouble.

If you’re considering hiring a professional Debt Collections agency in Melbourne to service your business, then read on below for our comprehensive list on Melbourne’s top 5 firms.

Local Debt Collection Agencies in Melbourne:

No.:Debt Collections Agency:Website:
1JMA Credit Controlwww.jmacreditcontrol.com.au
2Marshall Freeman Collectionswww.marshallfreeman.com.au
3Slater Byrne Recoverieswww.slaterbyrne.com.au
4Professional Collectorswww.profcoll.com.au
5Brodie Collection Serviceswww.brodiecollectionservices.com.au


#1 JMA Credit Control

5 Top and Best Debt Collection Agencies in Melbourne - Best in Australia (1)

JMA Credit Control is a Melbourne institution, having more then 50 years of experience in the debt recovery business they are one of the most knowledgeable teams in the local area. Their philosophy is low stress, low hassle – as the client you can expect a smooth and easy experience when working with them. Their ultimate goal is to make things as simple, and as affordable as they can for you as the client.

When working with them you will work with only one personal Account Manager. Having a single point of contact keeps things simple and ensures your affairs are always handled by someone who knows your business inside and out.

You will have 24/7 access to an online account for report management, communications, lodgements of new accounts and to check in on the status of pending accounts, ensuring you always have peace of mind and valuable information available at the touch of a button.

JMA’s friendly staff are also available to give knowledgeable advice and guidance on all matters related to debt collection. If you’re looking for services beyond just debt recovery2, they also offer services in credit management, credit reporting and human resources.

#2 Marshall Freeman Collections

5 Top and Best Debt Collection Agencies in Melbourne - Best in Australia (2)

Marshall Freeman Collections strives for results. Their result-oriented approach might be why they have such an impressive client portfolio, boasting 20,000+ clients on their roster across Victoria, including some very high profile clients.

They are on of the leading firms in Melbourne and have built a great reputation over their 15+ years working in debt collections.

They pride themselves on being highly ethical and compliant and have built trust with their many satisfied clients over the course of many years.

Staff are highly trained to be firm but fair when dealing with collections, and they take the utmost care to be legally compliant.

Marshall Freemans Collections is a member of the associated of credit and collections professionals, showcasing their commitment to ethical practice.

They have a fantastic business offering that includes a free initial appraisal, 24/7 access to collections reports and information and excellent client service from a dedicated Account Manager.

One of the best things about Marshall Freeman Collections is that they will not collect a commission unless the debt has been paid, showing their true commitment to quality work.

#3 Slater Byrne Recoveries

5 Top and Best Debt Collection Agencies in Melbourne - Best in Australia (3)

If you’re looking for efficient service from a trusted provider with great reviews and references, then Slater Byrne Recoveries are the way to go. They are highly rated online and well regarded in the Melbourne market with one of the most professional reputations in the industry.

Similar to other agencies in the local area, they offer 24/7 online access to your account details, a dedicated and reliable team and free consultations. They also work on a no commission if debt is unpaid basis. What sets them apart is their offering of free legal advice from their solicitors, which can come in handy when dealing with tricky debt recovery issues.

They also offer some additional services that go the extra mile such as business health check reports, credit consulting and assistance with debt financing or settlements.

The only thing to keep in mind is that Slater Byrne Recoveries does not collect for all industries, as they will not work on accounts for consumer rental debt, gym memberships, childcare or vet services.

If you want to work with a highly recommended debt collections firm, then Slater Byrne Recoveries is a good choice.

#4 Professional Collectors

5 Top and Best Debt Collection Agencies in Melbourne - Best in Australia (4)

Professional Collectors located in Melbourne are highly experienced in debt collection, with over 23 years of experience. They are an industry leader firm in Australia and have successfully recovered debts for happy clients ranging from small to large businesses.

They have a well developed understanding of the debt collection process and ensure they keep their clients in the loop at all times by providing clear and concise guidance on the best and most cost-effective way to proceed.

One of the biggest drawcards for choosing Professional Collectors is their clear and simple four-step process. Using their 24/7 online portal clients only need to submit a request online. Professional Collectors will do the rest of the work for you and process your request inside of an hour, they will then locate the contact for the overdue account and negotiate payment.

They’re no fuss approach takes the burden off of your shoulders in trying to locate non-payers and arrange for payments of debts.

Beyond debt collections services they also offer legal services and advice, investigations services and even in-field debt collections agents.

They have several branches across Melbourne, making them a highly convenient choice for your next firm.

#5 Brodie Collection Services

5 Top and Best Debt Collection Agencies in Melbourne - Best in Australia (5)

Brodie Collection Services is a debt collections firm located in Melbourne that prides itself on it’s friendly and professional staff and excellent client service. Unlike many firms, they do not treat you like just another number and you can be assured that you will not be stuck trying to lodge issues through the web. Brodie Collections Services highly trained staff are at your disposal for advice on the handling of your accounts.

Brodie Collections Services stands out from its competitors for it’s transparency in fee’s and rates. Their commission fee of 4% is readily stated on their website, however they work on a no collection, no fee basis.

They are committed to quality and so don’t try to lock you into and advance fee’s or sign up costs and are willing to foot the bill on actions taken on your behalf to VCAT when upgrading to the Magistrates court.

They make it easy to lodge debts via their online portal, or by email.

Brodie Collection Services are ethical and always aware of debtor rights, so you can be assured that you will not risk losing customers when using them to recover your debts.

5 Top and Best Debt Collection Agencies in Melbourne - Best in Australia (2024)

FAQs

How to beat debt collectors in Australia? ›

How to deal with a debt collector
  1. Be honest about your financial situation, including other debts.
  2. Reply in good time to calls or letters.
  3. Agree to a payment plan if you can afford it.
  4. Tell the debt collector if your contact details change.

How long can debt collectors try to collect in Australia? ›

Six Year Limitation Period

For most debts, a creditor must begin court action to recover the debt within six years of the date you: Last made a payment. Admitted in writing that you owe the money.

How much is a debt collector Australia? ›

The fee you'll pay is referred to as a commission. Most commission rates for debt collection services vary between 5% and 30% of the value of the debt.

Can a US debt be collected in Australia? ›

Yes, but it is a bit more challenging than collecting debt from someone in the same country as you. First and foremost, one must understand that debt collection laws vary from one country to another.

Can you go to jail for unpaid debt in Australia? ›

Debt and your rights

There are laws about what someone can and can't do to recover a debt. They can't: send you to prison. take and sell any property without a court order (unless they have a mortgage or other form of security over the property)

How to get out of debt in Australia? ›

See urgent help with money.
  1. Know what you owe. The first step is to get a clear picture of what you owe. ...
  2. Get help if you need it. ...
  3. Work out what you can afford to pay. ...
  4. Prioritise your debt and bills. ...
  5. Start small and snowball your payments. ...
  6. Get a savings mindset.

Can Australian debt collectors chase you overseas? ›

Overseas debts

This means your creditors can't pursue for that debt in Australia. However, your overseas creditors can pursue you for the debt if you travel back to that country. This applies during and after your bankruptcy. You must include any overseas debts in your bankruptcy application.

What happens after 7 years of not paying debt Australia? ›

A debt is statute-barred when: If you haven't made any payment in the last seven years (however it also depends where you're from) There is no written document stating that you have a debt. No one has taken any legal action against you with regards to the debt.

Can debt collectors come to your house Australia? ›

Know your rights

They cannot make face-to-face contact with you more than once a fortnight. Debt collectors can only visit your home or workplace if there is no other way to contact you. Debt collectors must comply with a request by you that they do not enter your workplace.

Who regulates debt collectors in Australia? ›

The ACCC and ASIC enforce Commonwealth consumer protection laws, including laws relevant to debt collection. For more information about the responsibilities of each agency, see appendix A of this guideline.

How to recover a debt from an individual in Australia? ›

The first step for debt recovery in Australia is to write a letter of demand to put the debtor on notice that you are prepared to go to court. This letter should set out the basis of your claim and the amount of the debt. The debtor may then offer to pay your debt in instalments or negotiate the debt amount.

Can debt collectors follow you to another country? ›

Can debt collectors follow and track me to a different country? No. The bank cannot pursue you in another jurisdiction. Depending on where you live there may be a time limit to enforce the debt.

What is the Australian Debt Relief Program? ›

What is the Australian Debt Relief Program? The Australian debt relief program is designed to help you find an appropriate debt solution by starting a dispute resolution and providing you with a debt management plan.

Can overseas debt be enforced in Australia? ›

The foreign judgment enforcement regime in Australia allows parties to enforce a foreign judgment debt in Australia without having to re-litigate the matter.

How do you outsmart a debt collector? ›

You can outsmart debt collectors by following these tips:
  1. Keep a record of all communication with debt collectors.
  2. Send a Debt Validation Letter and force them to verify your debt.
  3. Write a cease and desist letter.
  4. Explain the debt is not legitimate.
  5. Review your credit reports.
  6. Explain that you cannot afford to pay.
Mar 11, 2024

What is the 11 word phrase to stop debt collectors? ›

Use this 11-word phrase to stop debt collectors: “Please cease and desist all calls and contact with me immediately.” You can use this phrase over the phone, in an email or letter, or both.

What's the worst a debt collector can do? ›

Debt collectors are limited on when they can call you — typically, between 8 a.m. and 9 p.m. They are not allowed to call you at work. They can't lie or harass you. Debt collectors can't make you pay more than you owe or threaten you with arrest, jail time, property liens or wage garnishment if you don't pay.

What should you not say to debt collectors? ›

Don't provide personal or sensitive financial information

Never give out or confirm personal or sensitive financial information – such as your bank account, credit card, or full Social Security number – unless you know the company or person you are talking with is a real debt collector.

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