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Only registered debt collectors are allowed to collect outstanding debts. The register is active and allows you to search for any registered debt collector by surname, area code or company name. All the debt collectors that will be recommended to you by Procompare are registered.
It is better to hire a debt collector sooner than later, but generally speaking the appropriate time to reach out is when an account is 90 days and over. At this point, most creditors have already broken the terms and conditions of the credit granted and the relationship has soured.
Each agency has a somewhat different (but similar) fee structure. Some collection agencies charge a percentage based on the amount they collect, while others charge a fixed rate based on the size of the debt. It’s normal for the type of the debt to also be a factor, based on the risk factor.
I had a tenant who stopped paying rent. I obtained the services of a Law firm with the first goal of getting the tenant to vacate the premises. After over two years and acknowledging his debt in writing he left and disappeared. The Law firm wants to charge me more money to get a court order. I would like to explore my options. The debt is sitting at R .04
The new owners of our house selected to buy R35,.00 of goods from us. At the time they said that they would pay for everything at the end of March,, but at the end of March they informed us that they could not pay us. We then agreed that we would give them time to pay us for the goods provided they made regular payments every month. It has proved to be not the case. They have made a few payments and to date the still owe us R22,. This month after two calls to the Debtor who promised to make a payment of R1,. Which he has not done and on my second call the debtor cut me off. I am tired of constantly calling him and then have the phone call cut. I just like him need my money. They were dishonest to begin with. I now won’t my money that is owed to me asap.