• Login:
Welcome, Register Here
follow PropertyTalk on facebook follow PropertyTalk on twitter Newsletter follow PropertyTalk on LinkedIn follow PropertyTalk on facebook
Page 1 of 2 1 2 LastLast
Results 1 to 10 of 12
  1. #1

    Default getting rid of debt collectors collecting on my debt

    Hello

    Got TPS in the past to help collect on a debt owed by a defaulting tenant. After some ineptness on their part and collecting a tiny amount after a long period of time, I got fed up and obtained my own attachment order against the tenant and had it attached. This is now being paid.

    Trouble is that TPS repeatedly chases me and threatens to levy commissions. Has anyone found a way to discharge TPS from debt collection on a particular debt?

  2. #2
    Join Date
    Dec 2013
    Posts
    102

    Default

    Quote Originally Posted by newbie investor View Post
    Hello

    Got TPS in the past to help collect on a debt owed by a defaulting tenant. After some ineptness on their part and collecting a tiny amount after a long period of time, I got fed up and obtained my own attachment order against the tenant and had it attached. This is now being paid.

    Trouble is that TPS repeatedly chases me and threatens to levy commissions. Has anyone found a way to discharge TPS from debt collection on a particular debt?
    Have you tried writing to them to explain that they are so hopeless at their job that you, a mere debt collecting layman, managed to do their job for them faster and more efficiently, and that you have no intention paying them a commission for the work you did? Go on to advise that you no longer want their services (or lack thereof). That's probably where I would start and see what happens after that.

  3. #3

    Default

    Quote Originally Posted by SimonW View Post
    Have you tried writing to them to explain that they are so hopeless at their job that you, a mere debt collecting layman, managed to do their job for them faster and more efficiently, and that you have no intention paying them a commission for the work you did? Go on to advise that you no longer want their services (or lack thereof). That's probably where I would start and see what happens after that.
    Problem is that their contract (which is agreed when you lodge your debt so be aware!) states that any attempt to get payment from the tenant will lead to them levying a commission. That sounds wholly ridiculous and they even have a deemed assignment of the debt if you do not agree to their next step of collecting on the debt!

  4. #4
    Join Date
    Sep 2011
    Location
    Dunedin
    Posts
    1,682

    Default

    they will probably have more luck getting money out of you than they did with the tenant

  5. #5
    Join Date
    Aug 2013
    Posts
    1,509

    Default

    You did a Faustian bargain and now you complain?

  6. #6
    Join Date
    Oct 2013
    Posts
    1,621

    Default

    Seems to me you engaged their services, agreed to their terms, and should pay for them accordingly.

    It's not a great situation to be in (and I'd know - I've been getting $25 per week [before fees] for the last several years through TPS) but there were no agreed levels of service promised by TPS, and you agreed to their terms.

    They might be willing to take a one-off payment to discharge the contract, but how large that payment would need to be, I've no idea.
    AAT Accounting Services - Property Specialist Accounting - AATAccounting.co.nz
    Lower fees for investors, traders & real estate agents!
    [email protected] for more information.

  7. #7
    Join Date
    Dec 2007
    Location
    Hamilton
    Posts
    190

    Default

    If the terms of service agreed to have not been supplied you may have grounds to terminate or negotiate an exit. There will be some who believe it unwise to challenge certain organisations and to just tow the line. Challenge it!

  8. #8

    Default

    Not sure how this constitutes a Faustian bargain. My PM advised this as a way to get back a debt owed to me, only for me to find out later how utterly inept they are.

  9. #9

    Default

    They supplied it via a hyper-link at the bottom when you click "submit". It's not unlike the many T&Cs you claim to read before you sign up for a website.

  10. #10
    Join Date
    Sep 2007
    Location
    Auckland
    Posts
    8,326

    Default

    Yeah I had a similar situation years ago with a company called Debt Recovery Group.

    They couldn't get money out of the tenant, so wanted to take them to court, which would have cost me a lot.

    So I said "Forget it, just leave it." and they said "You can't say that, we have a contract"

    And so they took me to the Disputes Tribunal where neither party really won or lost.
    Squadly dinky do!


 

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Debt collectors and private information
    By sidinz in forum Property Investment (NZ)
    Replies: 11
    Last Post: 10-02-2014, 09:46 PM
  2. Bond centre assisting with debt collecting.
    By Keys in forum Tenant Stuff (NZ)
    Replies: 26
    Last Post: 06-06-2012, 02:51 AM
  3. W & I debt.
    By Viking in forum Property Investment (NZ)
    Replies: 16
    Last Post: 28-02-2011, 03:25 PM
  4. debt collectors bullying tenants - what would you do?
    By WGN ex-property manager in forum Tenant Stuff (NZ)
    Replies: 7
    Last Post: 17-03-2010, 07:55 PM
  5. Replies: 0
    Last Post: 19-03-2009, 04:26 PM
  6. Halve the Debt
    By Jurgs in forum General (NZ)
    Replies: 0
    Last Post: 14-03-2009, 10:21 AM
  7. The fun with debt
    By PropertyReturns in forum General (NZ)
    Replies: 2
    Last Post: 21-02-2009, 05:07 PM
  8. Aussie: Debt collectors chasing school fees
    By Marc in forum World in General
    Replies: 0
    Last Post: 25-01-2009, 11:57 AM
  9. Collecting debt from ex-tenant in jail
    By kitty in forum Tenant Stuff (NZ)
    Replies: 6
    Last Post: 17-09-2005, 09:20 AM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •