![]() ![]() In addition, as a result of Covid19, it goes without saying that those numbers will be on the rise.Ĭredit institutions are very aware of debt collection challenges and are exploring the means to enhance their arrears management efficiency and effectiveness by either outsourcing to external debt collectors or looking to move into digital collections and harness the value of their data for the purpose of meaningful insight from predictive analytics.Ĭompanies with debt collections try to minimise these losses by recouping some of the debt by either making use of internal or external debt collection strategies, or a combination of the two. According to StatsSA, reports show that the debt-to-income ratios of customers at debt counsellors were at an all-time high in the fourth quarter of 2019. Credit options – pay for a batch of searchedįor more information, contact us on at or visit us on Read moreĬonsumers are increasingly relying on credit from multiple credit providers to simply get by, and External Debt Collector (EDC) companies are receiving increased higher referral volumes.Monthly license fee designed for high volume of tracing.IDAS offer two type of payment options which are: ![]() IDAS not only has designed this tool for debtor tracing, but also for consumer and commercial verification.Ĭonfirm a persons or company’s information before issuing credit or being scammed by syndicates who provide falsified information.Īs a first option, don’t pay high debtor tracing fees, but rather try and gain access to additional information from multiple data points that allows you to make contact with the debtor in order to recover debt. This dynamic and robust debtor tracing application is frequently refreshes its extensive databases of consumer and commercial information, enabling you to locate elusive debtors, make contact and collect unpaid debt. Inspirit Data Analystic Service (IDAS) offer a least costly approach to tracing a debtor by providing access to a tool that can provide up-to-date contact information for your most hard-to-locate debtors. Debt recovery and debt collection are similar terms with one small difference of whom is who is trying to retrieve a debt. Outsourcing debt collection to a debt collection agency can be a less confrontational way of chasing outstanding debt than taking court action, but can be a costly exercise. You can use a debt collection agency regularly or on a one-off basis.Īlternatively, you can use an online debtor tracing tool to trace absconded debtors in order to improve your accounts receivable.įinding the best debt collection agency in South Africa can be challenging Handing problem debts over to a debt collection agency can be a quick and easy way to recover them.
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