If the debtor does not either pay within the time period or lodge a defence to the claim then you can apply to enter Judgment against the debtor. This has two effects :
1. Judgments are a matter of public record for six years after the judgment date and thus will negatively affect the debtor's credit rating for that period unless the debtor pays the entire sum owed within one month of the judgment having been entered, or subsequently obtains your consent to certify that the debt is satisfied.
2. Once judgment has been entered against a debtor a range of enforcement methods are then open to the creditor to secure payment of the debt. Your Lovetts Paralegal can tell you the strengths and weaknesses of each type of enforcement and advise on the most appropriate solution for your specific circumstances. Read more about Enforcement.