How to avoid being served for debt

2019-08-30T13:40:43+00:00August 16th, 2019|commercial collections, consumer collections, debt collection, debt collection agencies, debt collection agency, debt collector, ECCM, medical collections, pre-collection|

The National Credit Act allows you to initiate legal proceedings as little as 20 days after you have defaulted on your Debt. To ensure you do not get Summonsed pay your monthly obligations, if you aren't able to do so ensure to make an arrangement with the Credit provider. There are however correct channels that have to be followed, such as:- Credit Providers have to notify consumers on the intent of legal proceedings prior to doing so, as per Section 129 of the National

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What is Prescribed Debt

2019-08-30T13:14:17+00:00August 14th, 2019|consumer collections, debt collection agencies, debt collection agency, debt collector, ECCM|

It is essential to ensure that you have a Debt Recovery plan in place.  The Prescribed Debt Act is where old debt that has not been acknowledged, verbally or in writing, or paid for more than 3 years.  This is essentially debt that has been written off by credit providers. Even though there are a few ways, proven to be very difficult and not always successful there are a few ways to attempt at recovering this debt.  However the amendments to the National Credit

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Myths about Debt Collection

2019-08-12T15:21:15+00:00August 7th, 2019|commercial collections, consumer collections, credit control, Credit Control Management, debt collection, debt collection agencies, debt collection agency, debt collector, ECCM, medical collections, pre-collection|

Statistics that have been compiled as recently as 2015 show that consumers in South Africa owe debt of up to 75% of their monthly income to their creditors. And more than half of 19 million active credit customers are in payment arrears of 3 months or more. With numbers like this you can be sure that debt collection is an industry that will keep on growing, which means it’s creating lots of new job and career opportunities for young South Africans. Already, there are over

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What a Collection Agency can do for your Company

2019-08-12T12:06:24+00:00July 26th, 2019|commercial collections, consumer collections, credit control, Credit Control Management, debt collection agencies, ECCM, medical collections|

The duties of a Collection Agency is simple, yet effective for their Clients. Collection Agencies collect outstanding debts for their clients to achieve collection target to ensure positive cash flow. Collection Agencies communicate with individuals, usually via telephone, to collect payment on delinquent accounts, either on behalf of the original creditor or a third-party debt collection agency. They frequently handle debtors avoiding their phone calls, trying to keep them from hanging up when they realize the call is an attempt to collect a debt.

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What Does the Debt Collection Process consist of?

2019-08-12T11:55:08+00:00July 24th, 2019|commercial collections, consumer collections, credit control, Credit Control Management, debt collection, debt collection agencies, debt collection agency, debt collector, ECCM, medical collections, pre-collection|

The process of Credit Control Management contains of 5 steps that need to be taken. Letter Of Demand Summons Default Judgment Execution Emoluments Attachment order Letter of demands sets out the cause of action on which the demand is based. And will give the other party time to comply with the demand. Once the Summons process has commenced, this sets the required action in place to ensure that there is control in place to ensure the collection will be effective.  A summons informs a

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Basic Debt Collection Techniques

2019-08-12T09:09:35+00:00July 22nd, 2019|commercial collections, consumer collections, credit control, Credit Control Management, debt collection, debt collection agencies, debt collection agency, debt collector, ECCM, medical collections, pre-collection|

Basic Debt collection Techniques are effective and can save you money, time & stress. Bad Debt can threaten the survival of a Small / Medium and/or Large Business if not effectively dealt with. When your Debt Collection Techniques do not work effectively, don’t waste time and consider a collection agency. Collection agency fees can be expensive and frequently require large, upfront fees prior to beginning any collection efforts. However we don’t have fees unless we collect, and we have affordable rates. To help you

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