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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. Itβs normal for the type of the debt to also be a factor, based on the risk factor.
I have provided a loan to an individual to support her business, with the understanding that my initial capital will be repaid along with a share of the profits. While we have signed agreements in place, I am seeking guidance on drafting a document that includes appropriate legal terminology and structure, specifically one that can support or facilitate the debt recovery process if necessary.
We are a management agent for some body corporates. We need an alternative for unpaid levies than lawyers and need to get some understnding of your fee structure on behalf of these sectional title complexes
i lost my job after i feil to pay my debts so now im working again i want to pay my debts again
Never paid when promised. I do not know where he is staying at present but he does have a business in Ballito and his children go to school in ballito. He currently owes me R .00 and I'm prepared to pay based on money collected paid into an escrow account.
Hi I hope this email finds you well. My name is , and I am a trustee of a complex that is currently facing significant challenges with non-payment of levies by some of the residents. We are looking to engage a professional debt collection agency to assist us in recovering these outstanding amounts. Could you please provide detailed information regarding your debt collection services? Specifically, I would like to understand the following: 1. The scope of your services: What steps do you take in the debt collection process? 2. Your success rate: What is your track record in collecting overdue levies in similar situations? 3. Costs and fees: What are your charges for these services, and do you offer any payment structures or success-based fees? 4. Legal support: Do you offer legal support or representation if the debt collection process escalates to legal action? 5. Additional services: Are there any other services you offer that might be beneficial for our situation? Your assistance in this matter would be greatly appreciated, and I am hopeful that your services could help us resolve our current issues with non-payment. Thank you for your time and assistance. I look forward to your prompt response. Best regards, Trustee
i had nothing at home so i had to go to loan shark to borrow some money nd i went there more than one time so as i dont pay the money increase
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