New Auction Website for Bad Customer Debts

Palmerston North, New Zealand (PressExposure) May 19, 2009 -- New technology start-up,, launched a world first auction website last week that has started attracting businesses and debt collection agencies from around the world.

There are stories everywhere about customer’s not paying on-time or in-full. Some customers are choosing to pay a month late, some are waiting two months and some just can’t pay but how do you know which customer is which? Most of the time you won’t. Most collection agencies agree that the best thing a business can do is to act quickly. If a customer is going to the wall, bad debts are generally easier to collect early in the cycle so taking action sooner rather than later could be the difference between collecting your money or not.

How does work? Businesses list a bad debt on the [] website in a similar way to listing an auction on eBay. It is free for a business to list as many of their bad debts as they like. The process of selecting a collection agency is quick and easy. Agencies respond to the auction and the listing business can award the auction to any bidder at any time. The bids can only be seen by the listing business so agencies need to put in their best offer. And because the agency that wins the auction pays an introduction fee to Less Debtors before receiving any contact details, the commitment of the agency is known from the outset.

NB: Less Debtors is part of Hantle Limited (NZ). They are independent and have no affiliation with any business in the collections industry.

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Contact: Jody Lane PO BOX 4124 Palmerston North 4442 New Zealand 0064 27 429 8585 []


This new service from [] provides businesses with an extra tool that is easy and free to use, for reducing bad or delinquent debts.

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Press Release Submitted On: May 19, 2009 at 6:04 am
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