Levy Collection Residential Estates HOA
Kredcor specialise in the administration of- and the pre-legal recovery of overdue levies and other relevant dues on behalf of HOA’s. This saves you time and minimizes unnecessary high legal costs.
Arrear Levy collection is done on a strictly No Success, No Fee basis.
We strive to work with HOA’s in firstly recovering long overdue levies, and then to maintain a low outstanding rate. After the initial efforts to get the bulk, if not all of the arrears into your bank account, our perceived continuous presence leads to a renewed awareness with your owners to keep their payments coming and up to date, in order to avoid possible action from us, and incurring further costs.
Advantages of using Kredcor
- None whatsoever up-front, contractual- or any other costs payable by the HOA.
- You save BIG on UNNECESSARY legal costs… legal action should be the last resort
- We collect into your bank account; you get your money immediately.
- Saves you time and energy, freeing up your resources.
- Quicker collection turn-around time. Gets you paid faster than you have to pay out.
- We take the strain off you having to “fight” with the bad/slow payers.
- Dramatical decrease of your outstanding Debtor’s days.
- Our continuous involvement leads to continuous better behaviour of your levy-payers.
Your Image & Good Name
- Kredcor has an impeccable track record and name in the Industry
- Registered with ADRA as well as The Council for Debt Collectors
- We act strictly and without fail according to any & all specifications and restrictions of all relevant laws
- Kredcor is, amongst others, on the Debt Recovery Panels of ABSA, Wesbank, Mercedes Benz, SAPOA, UPS… and it requires a continuous effort of excellence and good governance to stay there!
- We “administrate” your arrear accounts… we do not just collect!
- We act professional, ethical and with integrity and yes, friendly, under all circumstances
We at Kredcor realise too well the essential role levies play in the day-to-day running of your estate. Levies are calculated with all owners in mind, and having some of them not contributing on time can be detrimental to your operation!
SECTIONAL TITLE ACT NO. 95 OF 1986
