TPS Credit Control Can Assist With Tenancy Debt Collection

For those who own a rental property in New Zealand, there is good chance that they have made some capital gains over the past two years. Not only have house prices soared around the country but rent prices have reached all-time highs in main centres like Auckland ($520/week) and Wellington ($414/week) too.

 

However not all tenancies end up going to plan. Tenants, for all sorts of reasons, often end up in arrears, or cause significant damage to properties. In fact, the average tenancy debt in New Zealand averages out to nearly $1,800

Figures released by tenancy debt specialists TPS Debt Collection, show that landlords lose on average $1756 in tenancy disputes*.

 

With the average rent in New Zealand being $417 per week according to the latest MBIE rental bond data, that equates to just over four weeks of rent. So how do people go about getting this money back? Well, that’s where TPS Debt Collection can help.

 

Debts lodged with current contact information, and five or more phones for the debtor and their family, have a 90% chance of TPS Debt Collection connecting a repayment plan to the debtors account inside a week. Of those where the phone numbers have been cancelled, 90% of these are located through TPS Debt Collection’s tracking systems.  

 

“We have two systems for connecting repayment plans and two systems for reconnecting failed plans,” TPS Debt Collection General Manager Josh Martin said. “And with a dedicated and highly-trained account management team, we’re confident that we can recover your tenancy debt.”

 

*The data was collected by TPS Debt Control from over 10,000 tenancy debts at the beginning of 2016.

 

For further information on TPS Credit Control please visit the website at http://www.tpscreditcontrol.co.nz .