When collecting debt, it’s important that debt collectors follow the correct procedure from start to finish to ensure that the process remains ethical and legal.
However, as a consumer, are you aware of the fact that debt can prescribe (become written off) after a certain time period, depending on the type of debt and other specific conditions?
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Developing a monthly budget is a crucial step in the journey towards settling your debts and achieving your financial goals.
However, developing a monthly budget plan is only the first step. The power of a debt free life lies in your ability to diligently adhere to your budget plan.
As professional debt collectors in South Africa, we believe that no woman should have to go through the struggles of collecting debt from an ex-partner or spouse.
We are debt collectors in South Africa who can assist you with debt collection from another country.
For someone who isn’t familiar with international debt collection laws, it can be very difficult to recover debt from overseas.
When we talk about a debt collection period, we are referring to the amount of time on average that it takes for a business to collect its debts.
If a business has an increased collection period, it can become a major financial liability and focus should be directed at improving it.
However, small businesses often do not have the resources necessary to spend time and energy solely on collecting debts.
When it comes to business loan accounts, both directors of the company as well as shareholders must be aware of the implications such loan accounts may have on the business.
However, there is an abundance of small to medium enterprises in South Africa which are mostly owned and directed by as little as one or two people.
As one of the many debt collection agencies in South Africa, we are aware of the economic struggles of the country and how they can bring financial challenges into the lives of even the most successful businessmen and women.
This often leads businesses as well as private individuals down the path of unmanageable debt which.
In this article, our debt collectors in Port Elizabeth talk about whether or not it’s a good idea to lend money to friends.
Able Tracers is one of the most efficient debt collection agencies in South Africa and our aim is to provide professional debt collection services across the country.
Majority of South Africans are in some form of debt and a large percentage of this population are unable to keep up with their repayments and are drowning in debt, so to speak.
Able Tracers & Debt Collectors offers professional and efficient debt collection in Port Elizabeth. Additionally, we provide debt collection services throughout South Africa, including the Eastern Cape, Border and Western Cape. We do not only do calls from our call centre, but also have a strong outside debt collector base successfully servicing all regions.
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