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.
Herewith details of our South Africa debt collection services:
– Location of office(s)
Cape Town – but we use a national network of attorneys.
– Number of staff
– How long been operating in South Africa?
– 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
Creditreform having international debt collection agency partners locally based in every country sets us aside from the competition and enables us to achieve a far greater success rate than just trying to recover debts from a single UK office. A local partner that speaks the language and knows the laws and is in the same time zone as the debtor is far more likely to recover your money.
As we operate on a no win no fee basis charging competitive commission rates against monies recovered only your international debts are safe in our hands.