At EDC we provide an efficient, prompt and cost-effective service, our ultimate goal being: ‘maximum collections with minimum write-offs’.
As a service provider, you are legally and ethically entitled to be paid for your services. In these harsh economic times bad debts are a reality, and it creates the need for the services of a professional debt collector.
Tracing and negotiating with delinquent debtors is time consuming, expensive and it has become a specialized field. The longer an account is outstanding, the more difficult it becomes to collect outstanding monies; regular credit control procedures are no longer effective and the risk of non-recovery becomes much higher.
Without the backing of professionals, you run the risk of your credit control expenses costing you more than the original debt! In our experience, accounts should be handed over when the account is 90 days overdue, while the trail is still ‘warm’. Debtors need to realize that the monies owed to you is a serious matter, with serious consequences.
