A payment default is registered against your business if you failed to pay a bill to the company that registered it. The customer can register a payment default if the payment is overdue and above $100. The customer would have had to attempt to recover the payment and then notify your business that they intended to register the payment default on CreditorWatch. Registering a default is one of the last steps taken in recovering debt. Before payment defaults are registered, the customer would have had to submit supporting information.
If you have any questions or wish to discuss the payment default, contact us at 1300 50 13 12