South Africa Debt Collection Service – No Win No Fee
With international debt collection partners and offices worldwide we have an international debt collection agency partner in every country all operating on a No Win No Fee basis charging an agreed commission against monies recovered only. Each country has unique specific laws, languages and methods that need to be adhered to and South Africa is no different. Time zones can also play a very important part of the debt collection process especially where there are many hours difference to the UK. Trying to communicate with a debtor in Australia from a UK office is virtually impossible unless you are operating a 24/7 service.
Our international debt collection partner in South Africa has many years experience and knowledge in the debt collection industry.
Main reasons why a local country debt recovery agency is so important rather than trying to recover from the UK are as follows:
The local International Debt collection Partners know:
- The local cultures
- The languages
- The laws
- Are in the same time zones
Herewith details of our debt collection service South Africa:
– Location of office(s)
Cape Town – but we use a national network of attorneys.
– Number of staff
12
– How long been operating in South Africa?
18 years
– Type of debts you do recover?
Do you do commercial (B2B) and consumer (B2C)?-Commercial and Consumer
– Statute of limitation in South Africa
A consumer has who has not made any payments/acknowledged the debt directly or indirectly for the time periods specified below: Personal loans, credit cards, retail accounts and vehicle loans: three years. Mortgage loans, debts by court orders and money owed to the South African Revenue Service (SARS): 30 years.
– What is the process in South Africa?
The National Debt Collection Act 114 of 1998 regulates the process of collecting debts in SA.
– Average length of time to collect?
Difficult to say as each case is different.
– Can fees / interest be added to claims?
A debt collector may only collect the capital amount of the debt handed over, lawful interest, and the collector’s administrators fee and expenses. The National Council for Debt Collectors structures the fees that can be charged by a debt collector.
– Legal service / process in South Africa
The legal process is costly and time consuming.
The process is as follows: Letter of Demand, Summons, Default Judgement, Warrant of Execution
There are many unique requirements to recovering international debts in all countries including South Africa debt collection services which differ from the UK and therefore it is very important that cases are handled directly by our expert international debt collection agencies and not from the Debt collectors UK. This method of international debt collection sets Creditreform aside from the competition who in many cases try and recover debts from a UK debt collector only. Using the local offices and partners enables us to achieve a far greater success rate and our No Win No Fee service together with competitive commission rates against monies recovered only ensures you get the best service.
