Debt Collectors discuss lending money to friends - is it a good idea?

In this article, our debt collectors in Port Elizabeth talk about whether or not it’s a good idea to lend money to friends.

Our Debt Collectors explain what makes a good Credit Client?

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.

Debt Collectors in Port Elizabeth talk about what constitutes a debt

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.

Prescribed Debt - Debt Collection Laws in South Africa

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.