If you have been forced to make arrangements with your clients and have them pay off an account instead of settling it once off, get an acknowledgement of debt. This serves as a contract and will have all the payment terms in. Interest rates, payment amount, pay date, banking details, terms for when they default, etc.
Debtors book Articles
Enforcing Court Orders Against Bank Accounts
In this article, Cathleen Breedt looks at the process of executing debt collection Court Orders against a debtor’s bank account.
You’ve Given A Payment Holiday, Now What?
During the Covid-19 pandemic, many people were forced to grant their debtors, payment holidays....
Why you need an acknowledgement of debt in place with your debtor
If you have been forced to make arrangements with your clients and have them pay off an account instead of settling it once off, get an acknowledgement of debt. This serves as a contract and will have all the payment terms in. Interest rates, payment amount, pay date, banking details, terms for when they default, etc.
Enforcing Court Orders Against Bank Accounts
In this article, Cathleen Breedt looks at the process of executing debt collection Court Orders against a debtor’s bank account.
You’ve Given A Payment Holiday, Now What?
During the Covid-19 pandemic, many people were forced to grant their debtors, payment holidays. Times have subsequently not necessarily improved and people now need to look at recovering the debt owed to them. Some employees still have not returned to work and some...
Advice From a Debt Collector
Times are tough and we put together some advice from a debt collector.
Our economy has taken a serious knock in recent times. It was frail, to begin with, and Eskom with its constant load-shedding was not making that any easier, but along came the oil war and Coronavirus which caused the entire apple cart to tumble.
THE ANSWER TO GETTING DEBT COLLECTION RIGHT – GETTING YOUR POLICIES IN PLACE FROM THE START
Why do policies work? Contrary to popular belief, most people thrive under rules and function at optimum when they have clearly defined duties and know the company policies. As the CEO or MD of a company you are the rule maker. You are the person responsible for...
DEBT PREVENTION- WHAT IS IT AND WHY MIGHT I NEED IT?
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
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...
Is There More To Debt Collection Than Just Running To Court?
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...
What Is Vetting and Why Should This Be Done Prior To Legal Action
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...