kredcor

western cape

Kredcor | Commercial Debt Recovery Partners | kredcor Capetown | Kredcor Kwa-zulu Natal | Kredcor Africa | kredcor Global | Kredcor Khuluma | www.kredcor.co.za

Debt Recovery Western cape - cape town

Kredcor specialize in commercial Debt Recovery

we are business-to-business Commercial Debt Recovery Partners globally, on a No-Success, No-Fee basis.
NO Hand-over fees; NO Admin Fees….. NO hidden charges!

Kredcor have been collecting debt on behalf of Blue-chip Companies for the past 26 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…

Kredcor Western Cape

Debt recovery / Collections

  • We step in when you have exhausted all feasible collection actions.
  • We are not attorneys; our services are essential BEFORE litigation is considered!
  • We take all possible pre-legal steps in an effort to avoid lengthy and costly legal action.
  • We maintain proper documentation of communication & actions to lower possible future legal costs.
  • We treat your clients with the respect they deserve.
  • We will honour your company name under all circumstances! And thus ours.
  • Full legal service available. On your request only. We supply you with a fixed quote beforehand, NO unexpected lengthy bills.
  • We won’t recommend legal action until we regard amicable/ pre-legal payment not to be possible.
  • We will analyse potential risks vs possible rewards… not throwing good money after bad…
  • Report-back is our strength! We afford high value to your “need to know”!
  • Done country-wide & Africa & Globally.
  • Our people always portray a truly professional, hands-on, friendly but persistent and unwavering approach.
Kredcor | Commercial Debt Recovery Partners | kredcor Capetown | Kredcor Kwa-zulu Natal | Kredcor Africa | kredcor Global | Kredcor Khuluma | www.kredcor.co.za
Kredcor Western cape

what is kredcors success rate?

We often have to answer this question to Prospective Clients. Very difficult to answer… how much does a car cost? Our success rate is influenced and determined by various factors, which are greatly determined by the modus operandi of our different Client-Companies’ Debtors Departments. Conceivably the greatest impact is caused by the age (days over-due) of the outstanding debt.

Some of our Clients are very strict in this regard, and will hand over all accounts that exceeds a certain stage in their process, eg: 31, 61 or 91 days overdue. Our success rate in these cases is around 80 to 90 percent. For the most part, companies tend to hold back on handing over outstanding accounts in an effort (and hope) to collect themselves. This relates to an average hand-over period of around six to eight months (240 days plus). Naturally any collection success-rate will diminish accordingly, and coupled with other factors involved can equate to very low success rates.

More Services

CREDIT APPLICATION SERVICES
  • The foundation of credit control, are you sure yours is rock-solid?
  • New legislation and requirements should be covered in any application
  • We will streamline yours or supply you with a totally new design if necessary
  • Customized to suit your needs
 FORMS AND LETTERS FOR COLLECTORS
  • We will assist you with the compilation of other forms and letters used in your credit management function
  • E.g. Acknowledgement of Debt, Deed of Surety, Credit Applications etc.
 LEGAL COLLECTION SERVICES
  • On your request only. We work in Association with a Panel of Attorneys.  
COMMERCIAL DEBT RECOVERY PARTNERS SUPPORT SERVICES                                     
  • tracing         
  • trace alerts
  • default listings
  • default cheque listings
  • Account monitoring (Flagging)
COMMERCIAL CREDIT REPORTING

In addition to providing credit information, these services have become authoritative sources of identity information against which people can be verified using an identity verification service and knowledge-based authentication.

Commercial credit reporting and scoring bureaus also exist, and can be used to evaluate the likelihood of a business paying creditors. Examples of commercial credit reports are the Paydex score from Dun & Bradstreet, the Experian Intelliscore, the CPR Score from Cortera, and the CIC Score and NACM National Trade Credit Report from the National Association of Credit Management. TransUnion and Equifax are also examples of commercial credit bureaus.[5] 

Request one of the following Services:

  • Business Profile Summaries
  • Business Information Reports
  • Business Monitoring (Flagging)
  • Principal Monitoring
  • Trace Report
  • Trace Alert
  • International Reports
RISK ASSESSMENTS / Business Profile Summaries
  • Professional, focused and unbiased risk assessments / Business Profil Summaries
  • No Standard, outdated information from a fixed Data-base.
  • All Risk Assessments & Reports compiled exclusively for you on request
  • All information obtained is researched, verified and/or corrected on the day!
  • Very quick turn-around time… time is money! 24 to 48 Hours (Excl Weekend / Holidays)
  • Assessments Includes a Kredcor summary, rating and opinion
  • Business monitor option available
  • Very competitively priced.
  • Price-list available on request
HOW TO MINIMISE YOUR CREDIT RISK
  • Request a Risk Assessment from Kredcor
  • Make use of our one-page Conclusion on the credit worthiness of the subject
  • Study our Positive & Negative Indicators on the subject
  • Consider our Rating and Opinion
  • Peruse the other details provided on the subject
  • Make an INFORMED decision
  • Accept, Adjust or Reject the application
  • Decide on the Terms and Conditions; and maintain them
  • Have a good night’s rest!!

Kredcor Assessments are highly sought-after… and we are very proud of our product!!

Kredcor boasts an impeccable and verifiable record with both The Debt Collectors Council of SA and The Association of Debt Recovery Agents. 

Kredcor on Snupit

Credit Rating Definition From Wikipedia, the free encyclopedia
 
Standard & Poor’s Foreign Rating for national governments.[1][2]

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!

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