As part of the Debt Verification process, our collection agents undertake the confirmation of information relating to the Debtor, including:
- Registered name and number
- Legal status (Registered/Dissolved/Under liquidation)
- Listing in one of our Defaulting Debtors Database, e.g. if the Debtor is undergoing bankruptcy, has issued bounced/returned cheques, has overdue invoices or has legal cases pending against him/her
Debt Recovery Assessment
A Debt Recovery Assessment is then performed using our Database, based on the Debtor’s historic transactional behaviour over the last 5 years.