AFRICAN DEBT COLLECTION SPECIALISTS
Please Contact us for Debt Collection in Africa:
We would love to hear from you because you are very important to us:
- Landi Maritz – Operations Manager – landi@kredcorgroup.com
- Johan Louw – johan@kredcorgroup.com
TEL: +27 (0) 83 518 0511 (Landi Maritz; Ops Manager)
Tel: +27 (0) 11 907 4406
Tel: +27 (0) 21 202 4700
Looking after your Debt Recovery needs in Africa; anywhere in Africa!
WE WILL CONTACT YOU:
Kredcor Debt Recovery Agency – AFRICAN DEBT COLLECTION SPECIALISTS
HEAD OFFICE:
68 van Riebeeck Ave, Alberton North, Johannesburg, Gauteng, South Africa, 1450
Po Box 2480, Alberton, Gauteng, 1450, RSA.
TEL: +27 (0) 73 300 5572 (Landi Maritz; Ops Manager)
Tel: +27 (0) 11 907 4406
Tel: +27 (0)21 202 4700 Fax: +27 (0)86 606 6230
Description of Commercial Debt
Commercial debt in short is all debt owed by a commercial venture / business to another. Therefor, unlike consumer debt, commercial debt is owed by a business and not an Individual person. Most businesses accumulate a certain level of commercial debt, especially when starting up. This is usually done through financial institutions, banks and others. Through the life of a business it is also common practise to open (credit) accounts with suppliers; either for various running expenses and/or towards the purchase of raw materials, assets (eg: vehicles, machinery, property etc…) and products (stock).
Overdue and Delinquent Commercial Debt.
When a business does not, or can not settle its creditor(s) accounts within the agreed-on period, it becomes a problem for both parties. The debtor runs the risk of his account being blocked, which can pose real threats to the existence of a business. For the Creditor, the risk of a negatively influenced cash-flow is a real head-ache. It also develops the need for unneccessary and unpleasant work to be done in order to ensure overdue payments are duly recovered.
Commercial debt collection agencies Most businesses will follow due process to ensure efficiency in controllingcash-flow, and minimize the risk of potential write-offs. Unfortunately a business often reach a point where all its afforts to obtain payment is to no avail. This is a point where it should consider making use of the services of a professional Debt Recovery Agency. Take note: at this point it is not always (and usually not) neccessary to engage in litigation immediately. Considerable savings, in time and money, can be achieved by avoiding the lenghty and costly process of litigation, by appointing a reputable, professional and efficient Debt Collection Agency.