When is the right time to handover?
Research shows that the longer the debt remains outstanding the more the risk of non-recovery. Generally, most creditors hand over 60 -90 days overdue as
Research shows that the longer the debt remains outstanding the more the risk of non-recovery. Generally, most creditors hand over 60 -90 days overdue as
We start the legal process any time after 90 days from handing over if no payments were received. We start by assessing the possibility of
We collect any outstanding amount. The smaller the amount the quicker it is paid. The older the debt – the longer it takes.
It depends on the type of debt. In terms of the Prescription Act, 68 of 1969, most debts are prescribed after 3 years. There are
We collect all types of debt except rental collections. The debt must be legally due and payable and supported with evidence e.g. invoices, COD notices,
No. You do not have to send a letter of demand, it is trite law that notice must be given. Many creditors send numerous letters
Follow these easy steps to start the hand over process: Step 1: Understand the terms to become a client Step 2: Sign up and agree
The process of handing over debt to a debt collection agency.
Only the circumstances of the debtor will determine what the turnaround time will be for payment and varies from one to another. If the debtor
No. Simply because it is now allowed in terms of the Debt Collector Act, 114 of 1998 because it does not form part of the