Kredcor: debt collectors in the B2B field.

Index
  1. Kredcor: Debt Collectors in the B2B Field
  2. The Importance of Early Debt Collection
  3. Legal Compliance and Professionalism at Kredcor
  4. Benefits of Choosing Kredcor
  5. Kredcor’s Debt Collection Process
  6. Kredcor’s Global Reach
  7. Business Credit Reports
  8. Third party involvement
  9. Contact Information
Kredcor: debt collectors in the B2B field. 1 Kredcor: debt collectors in the B2B field. KredCor, commercial debt collection

1. Kredcor: Debt Collectors in the B2B Field

Kredcor has been a leader in commercial debt collection in South Africa since 1999. Specializing in B2B collections, Kredcor handles the debt businesses owe to each other, offering a proven track record in minimizing credit risk for clients.

2. The Importance of Early Debt Collection

When a third party like Kredcor is involved, debtors understand the urgency of their situation and are more likely to settle their debts promptly. This can prevent the debtor from worsening their financial position or disappearing, thus improving your chances of recovering the full amount owed.

3. Legal Compliance and Professionalism at Kredcor

Kredcor strictly adheres to the Debt Collector’s Code of Conduct and the National Credit Act of South Africa. These regulations ensure that all actions taken are professional and within the legal framework, safeguarding your rights as a creditor.

4. Benefits of Choosing Kredcor

  • Registered and Certified: Kredcor is registered with the Council for Debt Collectors of South Africa (Reg Nr 0016365/06) and is a member of the Association of Debt Recovery Agents (ADRA Nr 474).
  • No Success, No Fee: Kredcor operates on a contingency basis, charging fees only on successful collections.
  • No Hidden Costs: There are no administrative, monthly, or handover fees. All external actions are pre-approved by you, ensuring transparency.
  • Dedicated Portfolio Manager: Each client is assigned a Portfolio Manager who handles all accounts, providing personalized service without the hassle of call centers.
  • Monthly Progress Reports: Clients receive detailed monthly reports, keeping them informed of the status of each case.
  • Secure IT infrastructure: Our servers are hosted and operated in the cloud, and we have an excellent technical IT partner which ensures that all data is kept safe, and all softwares are kept up to date.

5. Kredcor’s Debt Collection Process

Kredcor’s approach focuses on resolving debts without resorting to legal action. If legal measures become necessary, Kredcor ensures that all documentation and procedures comply with the National Credit Act, allowing for a smooth transition to legal proceedings if needed.

6. Kredcor’s Global Reach

In addition to serving South African businesses, Kredcor assists international clients in Europe, the UK, and the US with debt collection in Southern Africa.

7. Business Credit Reports

Kredcor offers freshly compiled, verified business credit reports that include recommendations on whether to extend credit. These reports help businesses manage their credit risk by ensuring they only extend credit to clients who can afford to pay. Regular checks on existing clients are also advised to maintain financial stability.

8. Third party involvement

Many of our clients find that as soon as their debtors realise that their supplier (you) has appointed a third party (for instance Kredcor), these debtors are quicker to settle their debt to you. They realise that if they do not act quickly and pay their debt, there will be serious consequences, so they pay you first, and their other (less demanding) creditors later.

9. Contact Information

Address: 68 van Riebeeck Ave, Alberton, 1450, Johannesburg, South Africa
Phone: +27 11 907 4406
Email: marketing@kredcor.co.za