Debt Collection

Debt Collection

BudgetRepair offer the following services

  • Debt recovery
  • Skip tracing
  • Field calls
  • Ledger management
  • Legal action to recover your debt
  • Advice on debt recovery
  • Regular reports

Debt recovery

The debt recovery process at BudgetRepair would involve the following process:

Demand letters

BudgetRepair Demand letters inform the debtor of his obligation to pay and are designed to initiate immediate payment from the debtor, within a specific time frame.

Telephone demands

Demand is initially made by phone and the debtor’s intention to pay is determined. Should the debtor not be able to make full payment, BudgetRepair will endeavor to establish a viable instalment arrangement and monitor the payments. If the debtor indicates the he is unwilling to come to a payment arrangement, we will recommend further recovery steps. Telephone demands are a cost-effective process to immediately determine the debtor’s intention to pay.

Legal action

Should we not recover the debt with our demand letters we would seek your instructions to proceed with legal action, which will consist of:

  1. Issuing a summons

After due diligence, we will file a summons in local courts. When the summons is served on the debtor they will react in the following ways:

  1. Pay the debt or make arrangement to settle.
  2. Ignore the summons in which case we will apply for judgement.
  3. The debtor will file a defense, in which case we will inform you of the nature of the defense and request for information or documents, on a prorate basis
  1. Applying for judgment

We will apply for judgement through the local courts, this will impede the debtor’s ability to obtain finance for the next five years.

  1. Proceeding with writ of execution

Proceeding with a writ of Execution enables the sheriff to attach the debtor’s goods and put them on sale to satisfy the debt.

  1. Oral Examination summons

Oral Examination Summons will be issued on your instructions to bring the debtor to court to have an Oral Examination done.

  1. Salary garnishing

If the debtor is employed, we will garnishee his salary to settle the debt.

Ledger Management:

BudgetRepair help business recover unpaid invoices. BudgetRepair will be a representative of your business and will answer the calls as your business. We will make sure that all client is current maintaining a healthy ledger.

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