Is recoveries Corp legitimate?

Recoveries Corp is a debt collection company that collects debts owed to insurance companies such as NRMA and government departments such as the Australian Tax Department (ATO), Centrelink and the Department of Human Services.

Whats recoveries Corp?

Recoveriescorp is a contact centre specialising in receivables management solutions and insurance claims recovery services. We provide innovative and tailored end-to-end solutions for our clients.

Is Collexa real?

Collexa Recoveries is a collection agency which operates ethically as per the online reviews. Their sophisticated recoveries and investigations team means that while borrowers can run, they often can’t hide.

How do Australians deal with debt collectors?

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.

What is Collexa?

Collexa works to integrate artificial and machine learning into our collection strategies to gain business intelligence and data analytics whilst remaining compliant and ethical in all our practices.

How long can you be chased for a debt in Australia?

In every State and Territory in Australia, the usual limitation time is six (6) years, except in the Northern Territory where it is three (3) years. If you want to legally enforce your rights in the Courts then you must commence legal action before this time or you may lose your legal right of recovery.

Is it true you don’t have to pay a collection agency?

Once a debt is in collections, paying the original creditor may no longer be an option. You’ll have to work out a payment with the collection agency. Collection agencies are typically assigned a debt for a few months. If they haven’t gotten you to pay in that time, a new collection agency may take over the debt.

Can you go to jail for not paying debts in Australia?

Thankfully in our modern society, we don’t have ‘debtor’s prison’ like in Medieval Europe. Some countries have conditions under which debtors can be incarcerated, but this is not the case under Australian law. So unless your debt is in some way connected to a crime, you cannot go to jail for debt.

Does your debt disappear 7 years?

Most negative items should automatically fall off your credit reports seven years from the date of your first missed payment, at which point your credit scores may start rising. But if you are otherwise using credit responsibly, your score may rebound to its starting point within three months to six years.