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.
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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.
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.
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