kredcor
kwa zulu natal
Debt Recovery kwa zulu natal - Durban
Kredcor Khuluma is a specialist Business Debt Collection Agency
Kredcor have been collecting debt on behalf of Blue-chip Companies for the past 22 years. We cover the whole of Africa. We also collect from countries accross the globe, as we service numerous International Companies, whom are so satisfied with our Africa performance that they also utilise our services in other countries…
DEBT RECOVERY ON OVERDUE / DELINQUENT ACCOUNTS
- Let us act on your behalf after you have tried everything…
- Kredcor personnel are not attorneys; incidentally we attempt above all to avoid costly & lengthy litigation.
- Integrity and compassion, but also firm, professional and determined
- We will protect your company name and image at all times
- Action NOW; not next week or next month!!
- KEEPING IN TOUCH; thereby providing you with a first-class service
- You receive feedback regularly
- South Africa and Africa covered.
- We even do Global collections for many of our Foreign Clients, who has come to realise what we are capable of.
- Registered with the applicable (required) Authorities
- Including “The Council for Debt Collectors“
- Including ADRA (Association of Debt Recovery Agents)
DEBT RECOVERY FEES
Kredcor strictly operates on a No Success No-Fee basis. Let this be clear: If we do not collect your money subsequently you do not pay us anything! Furthermore there are no up-front fees, hence no joining fees or admin fees.
We agree on a percentage-fee which is determined by various influencing variables, for instance amounts, age of account and volume of work, amongst others. As a rule the maximum fee will never exceed 15%.
In addition to the above, please take note that any extra services we perform, such as Default Listing and Credit Applications and Credit Reports will thereby be for your account. These services will never be executed without your written request, thus it remains your prerogative.
APPLICATIONS FOR CREDIT
- Make sure your Credit Application is up-to-date and adheres to (newest) legal requirements.
ADMIN / RELATED DOCUMENTS
- We will assist if you need any help with forms or letters used in your Debtor’s administration process (AOD’s, Surety, payment arrangement…)
LITIGATION
- This only when it is a last option, and on your written instruction only. We have a Panel of Attorneys available Nation-wide.
BOOKKEEPING AND AUDITING FUNCTION
- You may contact us for a detailed discussion
Commercial Debt Recovery Partners Durban KZN Services
RELATED FUNCTIONS
- Tracing alerts
Adverse listings with major Credit Bureaus
Flag an account – and we will monitor activities on the account
Client / Debtor Ranking models
Credit Reports Risk Assessments Durban KZN
- Credit Reports & Risk assessments on Businesses
- General statutory information on Businesses
- Monitor (or “Flagging”) of a Business
- We do Tracing
- We place Trace Alerts
- Assessments on Foreign companies
- Ranking of Debtors
- Marketing lists
Credit Reports / Financial Risk Assessments
- Thoroughly researched and confirmed Risk Assessments
- Fresh information valid TODAY and not out-dated detail.
- assessments done on your request
- Done ASAP; within 8 working hours for local reports
- Includes our Summary, Opinion & Rating
- Get a professional, unbiased opinion
- Contact us for a Price List
Our Credit Risk Assessments are highly valued by our regular Clients!
Remember: We adhere strictly to the rules and regulations of The Debt Collectors Council of SA and The Association of Debt Recovery Agents.
Credit Report definition from Wikipedia
Credit Rating Definition From Wikipedia, the free encyclopedia
A credit rating is an evaluation of the credit worthiness of a debtor, especially a business (company) or a government, but not individual consumers. The evaluation is made by a credit rating agency of the debtor’s ability to pay back the debt and the likelihood of default.[3] Evaluations of individuals’ credit worthiness are known as credit reporting and done by credit bureaus, or consumer credit reporting agencies, which issue credit scores.
Credit ratings are determined by credit ratings agencies. The credit rating represents the credit rating agency’s evaluation of qualitative and quantitative information for a company or government; including non-public information obtained by the credit rating agencies’ analysts.
The credit rating is used by individuals and entities that purchase the bonds issued by companies and governments to determine the likelihood that the government will pay its bond obligations.
A poor credit rating indicates a credit rating agency’s opinion that the company or government has a high risk of defaulting, based on the agency’s analysis of the entity’s history and analysis of long term economic prospects.
Credit Report definition from Wikipedia
Kredcor on Snupit
Credit Reports Commercial Debt Recovery Partners Cape Town
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!
This is why Kredcor excels:
- We work according a No-Success – No-charge policy. We work for our money!
- No binding contract; use us if and when you like (or not)
- We have an unblemished track-record; no complaints, no investigations, no cases against us EVER!
- You get a dedicated person working with your accounts. We do not run a call centre!
- Feedback. Feedback. Feedback. We do…
- Preferred service provider for 3 major Banks and various Blue-chips.
- Appointed Recovery Agents for 13 European companies. South Africa & Africa.
- Risk assessments and -Reports produced within 8 working hours (not days).
- Relentlessly ethical and professional; we are registered,audited, associated … unblemished!
- We do not waste your (or our) time; we act today and persist to finalisation of each and every account
The pro’s of utilising the services of a Debt Recovery Agency
Your money should be in YOUR account! One pitfall of doing business is that your Debtors does not always honour their commitments (on time) or at all. It takes (wastes) your time to get around to these culprits. It is a known fact that the longer overdue an account becomes, the lesser the possibility that it will be paid.
After you have exhausted all resources in order to obtain payment on a (now) long overdue account, it may just be the wisest decision to use Kredcor to do that for you. Let us take the stress of taking on and struggle with the Debtor, doing the one thing we know: Collect.
The “conflict” continues between the Debtor and the Agency, and not you and or your company.