Debt collection is the process of pursuing payments of debts owed by individuals or businesses. An organization that specializes in debt collection is known as a collection agency or debt collector.
Find below are the list of Registered Debt Collectors In South Africa
Council for Debt Collectors
BOULDERSON AND ASSOCIATES
Kredcor Khuluma
Wellcash Debt Collectors South Africa
CREDIT INTEL
Lanics Debt Recovery
Fusion Asset Recoveries (Pty) Ltd
Coast To Coast Special Investigations and Debt Collectors
Debt Collectors Africa
Able Tracers & Debt Collectors
ADRA
Phakamani Debt Collection Services
NK DEBT COLLECTORS (PTY) LTD
Man power debt Collectors lnc
VeriCred Collections
Vericred Collections (Pty) Ltd
Debt Tec (Pty) Ltd
NCR Debt
How do I verify a debt collector?
Ask the caller for their name, company, street address, telephone number, and if your state licenses debt collectors, a professional license number.
This notice must include:
The amount of the debt.
The name of the creditor you owe.
A description of certain rights under the federal Fair Debt Collection Practices Act.
How do I find all my debt collectors?
You can typically find your collector’s information on your credit reports from the three major consumer credit bureaus. Since your debt may have been bought and sold by multiple collectors, be sure to look at your most-current credit reports to determine which company to contact.
How long can you legally be chased for a debt in South Africa?
Time limitations The Statute of Limitation is three years in South Africa. Once this time period has elapsed the debtor can refuse to pay the outstanding account, unless summons has been issued by the courts prior to the expiration date.
What happens when a debt is sold to a collection agency in South Africa?
Once your debt has been sold to a debt purchaser you owe them the money, not the original creditor. The debt purchaser must follow the same rules as your original creditor when they collect the debt, and you keep all the same legal rights.
Why you should never pay a collection agency?
Paying an outstanding loan to a debt collection agency can hurt your credit score. Any action on your credit report can negatively impact your credit score – even paying back loans. If you have an outstanding loan that’s a year or two old, it’s better for your credit report to avoid paying it.