Debt Collection

By: Surefire Credit Managments Services CC  06-02-2011
Keywords: Debt Collection

 Every business experiences problems with awkward clients that simply won’t pay despite repeated requests for payment. Without effective debt collection procedures i.e. infrastructure, time and manpower, many businesses are finding themselves under increasing financial constraints and pressures to collect overdue accounts. Surefire Credit Management Services offers a full debt recovery service covering all methods of enforcement and dispute resolution. We operate on a No collection No fee basis, with no upfront or hidden costs.

Our goal is to identify, on an individual basis, the most effective method of debt recovery. This achieved through our wide understanding of the industry. It is a fact that once a third party is involved in pursuing an overdue debt, the debtors pays faster. This also serves to your debtors that your business will not tolerate abuse of your payment terms.

Making use of Surefire Credit Management Services, we offer an efficient and professional debt collection service.

We specialize in commercial debt recovery and fully understand the need for efficient and successful debt recovery process. All matters handed over to us are attended to within 24hrs of receipt. Thereafter weekly or monthly progress reports are submitted. Amounts collected on our clients behalf are paid into the trust account for Surefire Credit Management Services and will be paid directly or the client’s bank account. All monies collected and paid into the Trust account will be paid to the client in one lump sum amount.

Our collection fee is structured according to the ageing of the debt and on actual amounts collected.

 0 - 30 days                             10% excl vat

30 – 60days                            15% excl vat

60 – 120+days                         20% excl vat

If recovery proves difficult and all pre-legal avenues have been exhausted, we will prepare the file for you to determine whether legal action should be commenced. We utilize the services of an established law firm who specialize in commercial and consumer debt recovery. Legal action will only be taken on your approval and all costs incurred will be for your account.

Expenses and fees (ex VAT), as determined under the Debt Collector’s Act, Act 114 of I998, are collected on an ongoing basis. This is raised against the DEBTOR only.

NB Arrear accounts should be handed over timorously for debt collection as the older the debt the more difficult it is to collect!

Keywords: Debt Collection

Contact Surefire Credit Managments Services CC


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