Many small business owners are struggling with debtors not paying their debts on time and this has an extremely negative impact on cash flow. Outstanding debts can literally break a business and debt collection is often something that business owners don’t consider for various reasons.
A professional debt collection agency such as ours is the missing link between you and the money rightfully owed to you. Hiring us to recover your outstanding debt comes with many benefits, and we always ensure that the correct legal procedures are followed.
It is perfectly legal for a school to seek assistance from a debt collection agency to collect outstanding school fees. However, it’s important that the school has followed all the necessary steps and procedures first. Should a school not follow the correct preliminary steps, they will be in contravention of the South African Schools Act 84 of 1996.
Debt collection can be a time-consuming task which can, in turn, impact productivity levels in a workplace. Additionally, unpaid invoices negatively influence cash flow, profitable turnover, and overall growth. It is therefore imperative that even small debts are collected timeously and successfully, especially if you are a small business.
Debt is debt and if you have it, you need to pay it. Only under extremely specific circumstances are you able to have your debt cleared. The question is, what actions are creditors allowed and not allowed to take against you, when you owe them money? In this article, our debt collectors discuss this topic in detail.
Easily one of the most time consuming and labour-intensive tasks is debt collection. Many times, debtors don’t take calls seriously unless they are coming from a debt collection agency or attorney.
Although Debt Collectors in South Africa were only able to operate remotely during lockdown stages 4 & 5, we are now back at our offices in full force and ready to help you collect your debt.
Able Tracers and Debt Collectors is a debt collection agency with over 55 years of experience. We specialise in debtor tracking and collecting unpaid debts from individuals and commercial entities.
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?
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.
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