Debt Collections
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.
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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.
Able Tracers are Debt Collectors in Port Elizabeth. We have specialised in debt collection and apply professional and ethical strategies throughout the collection process.
We offer expert collection of unpaid debt of both high and low value from private individuals to commercial entities.
Businesses and individuals can benefit from outsourcing their debt collection to registered debt collectors.
Below we share just a few of these benefits.
Debt doesn’t last forever – a credit provider must claim payment within a certain period of time. If no payment is claimed debt eventually falls away, this is what we call prescribed debt.
In this article, our debt collectors in Port Elizabeth define when and how debt becomes prescribed, as well as if it will be noted in your credit record.
In this article, Able Tracers and Debt Collectors South Africa outline when it may be necessary to institute legal action against a debtor and how this process works.
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