How can an attorney add value to my debt prevention? It may seem odd that we are suggesting an attorney can add value to your debt prevention, but below are 5 reasons why you cannot have debt prevention without an attorney! Why would an attorney be of any assistance...
Why Debt Collection Remains A Necessary Expense : In a company faced with a multitude of financial obligations the added expense of legal fees paid towards recovery of bad debt seems like a double punishment. Having an outstanding debt and paying more money towards...
The short answer is YES! (Debt Collection Running To Court) - The collection of debt does not necessarily mean that you have to go all the way to Court, and more importantly, there is more to debt collection than only collecting the debt when it is outstanding. Let us...
Vetting is a process followed in which as much information as possible is gathered about the debtor being handed over, in order to ensure the maximum potential for a good result to prior to legal action being instituted. The rationale is that, if you know your debtor...
Having a clear credit record or a good credit score is of utmost importance, but why? And how does one ensure that your credit record is and remains clear in order to ensure that your credit rating or score remains at its maximum? Certain updates to a person’s credit...
Help! I am flagged as being under debt review on the Credit Bureaus. Since promulgation of the National Credit Act. 34 of 2005 (herein after referred to as the “act”), most South Africans have heard of debt review and have a faint idea of what it entails. Some of us...
Are you struggling with your clients not paying on time or at all? This can be detrimental to any business, not to mention dire to a smaller business. Here are five red flags to look out for: Not answering your calls If a client has an outstanding account that you...
Think about this scenario, your good friend approaches you with a dilemma they are facing- they need money, and they ask you to help. Is it a good or bad idea? Let’s discuss it from a debt collection perspective. Quick and easy payment methods Lending and borrowing...
Liquidation is the process whereby a company or close corporation is wound up due to it not trading actively or its inability to continue trading in the normal course. The liquidation of a company will put an end to the juristic entity’s existence. When winding up a...
