Ever found yourself rolling your eyes at the excuses made by debtors that was supposed to pay their account ages ago? Working with debtors daily we found that there are a few trending excuses. Let’s have a look at the most common excuses made by debtors. The “I never...
When deciding whether to institute legal action for amounts due to either you personally, or to your company, it is a fantastic idea to do a vetting process before making the decision whether or not to sue. There are several factors which to consider, the most...
EXECUTION OF JUDGMENTS- WHAT CAN THE SHERIFF ATTACH? When a creditor is in possession of a judgment in its favour, it is in a position to execute this judgment. What exactly is execution and what goods can a creditor execute upon? What is execution? When judgment is...
You have most likely heard the term vetting and not know exactly what it entails. This article will give a better understanding of what the vetting process entails and how it will benefit your company. This article will explain the process in the event of a new client...
Section 40, as amended, of the National Credit Act determines which entities or persons must register as a credit provider. Now this seems to be quite obvious, if you are in the business of lending monies you need to register. However, the Supreme Court of Appeal has...
"Why would I need a debt collector?" you may ask. Trying to collect your own outstanding debt can be awkward and can be detrimental to the working relationship you have with your clients. If your clients don’t pay on time, you follow up. Friendly this time, as it’s...
Many times I encounter individuals that make the assertion that a judgment is only worth the paper its written on. Although this is many times accurate, there is most definitely means and methods to enforce a judgment. Here follow the methods that can be employed and...
Have you ever had issues with a clause in your agreement? This could be detrimental to your business, and could cost you money in the long term. In order to safeguard your business against legal action, non-payment and the like, your contract should be drafted in such...
To minimize the risk of contracting with bad payers is something that each business owner will want to figure out how to do. Prevention is always better than cure! So take a look at your processes and fix those before attempting to cure an already existing problem....