pre-collection Archives

How to avoid being served for debt

Credit Control2019-08-30T13:40:43+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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Myths about Debt Collection

Credit Control2019-08-12T15:21:15+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 Does the Debt Collection Process consist of?

Credit Control2019-08-12T11:55:08+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

Credit Control2019-08-12T09:09:35+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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