SVG Legal Services offers a myriad of specialist legal and collection services for corporate clients, including a focus on blacklisting services that target defaulting debtors, where there are no disputes or queries related to any amounts outstanding to you.
Our primary aim for all of our services is to ensure that your funds are recovered, however, where that may not be successful, or where you may have failed to recover funds in the past, we offer services to facilitate blacklisting when it is needed.
OUR BLACKLISTING SERVICES
Our blacklisting services are conducted in line with the new National Credit Act, by highly experienced legal experts who specialise in business and finance law. This ensures that our clients receive the best possible results and advice, with services that seek a fair solution for defaulting debtors that keeps your business, affiliates, and finances adequately protected from repeated bad debtors.
KNOWING WHEN TO BLACKLIST DEBTORS
The process of blacklisting debtors requires certain conditions to be met for it to be done legally, and in line with the National Credit Act, which makes knowing when to blacklist a debtor an important decision for businesses, that comes with impactful legal ramifications.
To this end, it should be noted that blacklisting can only be done where there is a signed credit application, and a 20-day registered letter that has been forwarded to the domicile address present on the credit application, and no response has been given in that period.
From there, we can assist our clients with submitting information about negative payments to registered credit bureaus to begin the process of blacklisting.
HOW OUR SERVICES BENEFIT YOUR BUSINESS
The optimal outcome for this service enables our clients to improve cashflow within their own businesses, since less time and effort will be spent on chasing payments or worse, dealing with defaulting debtors. By ensuring that your clientbase meets their obligations to you will streamline cashflow, ensuring that your business has the resources it needs, when it needs them.
ENHANCE FINANCIAL & BUSINESS PLANNING
The benefit of improved cashflow is that it allows your business to enact detailed financial and business planning with solid information and projections about its financial future. This leads to more sustainable business, improved growth, and even more profitability.
IMPROVE THE FINANCIAL STANDING OF YOUR BUSINESS
This will also allow your business to easily meet its own financial obligations to partners, other companies, and financial institutions. The results of this is a better credit score and financial standing, empowering your business to grow and improve its value to its clients, partners, and stakeholders.
FOCUS YOUR ATTENTION
A further benefit to this is how your business will need to spend less time, money, and workhours on managing and investigating late payments and defaulting clients. This valued time and effort can be repurposed and focused on other areas of your business, allowing it to facilitate overall improvement.
CONTACT SVG LEGAL SERVICES FOR DETAILS
If you need assistance or advice regarding blacklisting bad debtors, be sure to get into contact with a representative from SVG Legal Services today, or feel free to continue browsing our website for additional information on our complete range of corporate legal and collection services.