Credit granting to businesses
The granting of credit by businesses in today’s economy is accepted as the norm. Flowing from this is the inevitable evil of bad debt, bad debt handovers and bad debt write-off’s. While this evil can not be completely eradicated, it can be controlled and reduced and you can ensure that bad debt recovery is effective.
While we most certainly can help you in your bad debt recoveries, we van also go one step further and assist:
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You in reducing your bad debt handovers.
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Maximizing effectiveness in bad debt recoveries by having effective credit granting procedures.
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The fundamentals to an effective credit granting procedure are as follows:
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Efficient Credit Granting System
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Setting up effective credit control structures and administration is the fist step in resolving debt collection problems. This however is very costly. We offer a service whereby an assessment is made of your business and credit control systems. After doing this we will make a recommendation on assisting your business on the above. We thus supply you with this service.
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Compiling information from the potential client is needed from which you can make the decision on whether you wish to grant them credit. (Our recommendation is a very strong guideline.)
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It allows you to incorporate in the conditions limiting your liability towards the client.
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It allows you to secure the debt by way of surety ships, cession of book debts and other securities.
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It assists our attorney who is attending to the debt recovery in his task
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The number of creditors out there trading with no credit applications incorporating standard terms and conditions or even those with poor and ineffective standard terms and conditions is alarming.
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Credit Bureau Search
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An integral cog with a sound credit granting system and credit application form incorporating standard terms and conditions is a sound credit bureau search. While you can check the potential client’s credit worthiness by checking with his bank or taking up credit references. The most effective method of checking the credit worthiness of the potential client is to conduct a credit bureau search.
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Clearing Blacklisted Individuals And Companies
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We specialises in cleaning then names of people who is blacklisted at Credit Bureaus and we would like to offer our services to your company’s employees.
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We offer the following services at Credit Bureaus;
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Removal of names of individuals and companies.
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Upgrading/updating of names of individuals and companies.
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Upgrading of individuals and companies “Delphi Scores”.
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Reparation of “Adverse” listings of individuals and companies.
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Rescission of “Judgements” of individuals and companies.
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Removal of “Defaults” of individuals and companies.
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Removal of “Trace Alerts” of individuals and companies.
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ITC Reports
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Assiting in application for vehicle finance for blacklisted individuals and companies.
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Due to the high costs involved in clearing your name from the Crdit Bureaus, and because ourmission is to help people, the management has developed a way of assisting you. Many people do not have cash reserves to clear their names, teherefore we offer an affodable solution.
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We offer the the “ITC Clearance Card”. From as little as R500,00 per month, we can offer you the services of clearing your name at Credit Bureaus. It does not matter how many “defaults” or “judgements” are listed against your name.
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The ITC Clearance Card also give you access to all the services offered by ITC Solutions.
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Please feel free to contact us should you need more information.