SVG Legal Services provides our clients with comprehensive tracing services to assist them with the process of recovering lost funds, through legal collections. For most companies that sell goods and services on terms, the process of recovering bad debt can be a constant struggle even under ideal circumstances.
Where debtors skip town, change their address, or otherwise become uncontactable, we provide specialist investigation services that ensure our clients are able to regain contact with debtors, in order to recover outstanding payments owed to them.
OUR TRACING SERVICES
We provide tracing services as part of our approach to debt collection upon the request of our clients. We use the TransUnion Credit Bureau to conduct investigations and skip tracing to locate your debtors after they have changed their address, or if the address given on their credit application is found to be false or incorrect.
Thanks to our partnership with TransUnion, we have access to one of South Africa’s largest database of credit information for both individuals and companies.
Through this network, we are able to investigate matters regarding credit scores, addresses, contact information and more. This empowers our clients to maintain contact with defaulting debtors after they have changed residence without notice, ensuring that they stand the best chance of recovering lost funds, even if the debtor is trying to go unfound.
Included as part of these investigations, we are able to supply our clients with information about the debtor that includes the following factors:
- Registered properties and real estate
- Credit scores and related details
- History of criminal or legal complications
- Financial and tax information
- Identifiable travel records
- Social media accounts and other channels of contact
Using this information, we are able to accurately and effectively locate defaulting debtors who have skipped town or dropped out of contact with you.
HOW THIS BENEFITS 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 client base 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 focussed on other areas of your business, allowing it to facilitate overall improvement.
CONTACT SVG LEGAL SERVICES FOR DETAILS
If you would like to know more about our professional and discreet tracing services, be sure to get in contact with a representative from SVG Legal Services today, or feel free to continue browsing our website for further details about our corporate legal and collection services.