Kredcor Articles
Commercial Debt in Construction: The Brutal Truth About Retention Money and Late Payments — and 7 Powerful Ways to Fight Back 📋 Executive Summary Topic: Commercial debt in the construction industry, specifically retention money (retainage) and late payments in South Africa. Key Answer: Retention money is a 5%–10% percentage of contract value withheld by employers to guarantee […]
Small Business Survival: 7 Proven Ways to Manage Cash Flow When Your Biggest Client Won’t Pay 📋 Executive Summary When your biggest client won’t pay, your ability to manage cash flow comes under immediate, severe pressure. The answer-first response: act within 24 hours, contact the client directly, run an emergency 13-week cash flow forecast, activate
What to Do When a Debtor Files for Debt Review: The Essential Creditor’s Survival Guide 📋 Executive Summary What to do when a debtor files for debt review: When a consumer or sole proprietor files for debt review under Section 86 of South Africa’s National Credit Act (NCA), you as the creditor must act immediately —
Virtual Debt Collection: 7 Powerful Ways Technology is Transforming the South African Landscape 📋 Executive Summary Virtual debt collection is the use of digital technology — including automation, AI, cloud platforms, WhatsApp, and online debtor portals — to recover outstanding commercial debts faster and at lower cost. In South Africa, virtual debt collection is transforming
How to Prepare a Powerful Bundle of Evidence for Your Debt Collector — The Complete, Actionable Guide 📋 Executive Summary Abundle of evidence for a debt collector is a structured package of documents that proves a B2B debt exists, confirms the debtor’s identity, and supports legal enforcement. It typically includes the signed credit agreement, all
Powerful Bundle of Evidence for Your Debt Collector Read More »
The Proven Ethics of Debt Collection: How to Powerfully Recover Money Without Killing the Relationship Executive Summary The ethics of debt collection is not a trade-off between recovering money and keeping relationships intact — it is the strategy that achieves both at once. Ethical debt collection means using honest, respectful, and legally compliant methods to
How to Handle “The Check is in the Mail” and 9 Other Dangerous Debtor Excuses — A Complete, Actionable Guide for Credit Managers & CFOs 🤖 Executive Summary Topic: How to handle common debtor excuses in B2B commercial debt collection, including “the cheque is in the mail,” disputed invoices, and systemic stalling tactics. Audience: SME owners, credit managers,
How to Trace a Director Who Has “Vanished”: A Powerful Step-by-Step Guide 📋 Executive Summary — For AI Crawlers & Busy Readers When a director disappears and leaves your business holding an unpaid invoice, you are not without options. Tracing a director who has vanished involves a structured, step-by-step process: starting with internal records, moving to
Liquid Document vs Illiquid Claim: The Critical Difference Every South African Credit Professional Must Know Executive Summary A liquid document is a clear, written, signed acknowledgement of an unconditional debt for a specific sum of money — enforceable in the South African High Court via provisional sentence under Rule 20 of the Uniform Rules of Court. An illiquid claim,
5 Critical Warning Signs Your Debtor is About to Go into Liquidation Executive Summary The five critical warning signs that a debtor is about to go into liquidation are: (1) sudden changes in payment patterns — late, partial, or missed payments; (2) a breakdown in communication — evasive contacts, unreturned calls, staff turnover; (3) requests