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Debt Recovery Discussions

James Sinclair's Business Broadcast

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The Problem With Debt Collection Agencies

I think the thing with debt recovery agencies is that they have no power or clout whatsoever. All they can do is ring up and chase people in the hope that they get paid. But you need to target, Paul, big accompaniment. The thing is SMEs are very reluctant to give people credit. Less so than ever. More than less than five years ago. You know, there's only, it's just, I don't know if the audience is big enough. And then the other thing that I have a problem with, the business is the fundamentals of the business. When do they come back and give you some more money?

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