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PRESENTATION ON CREDIT CONTROL ! PowerPoint Presentation
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PRESENTATION ON CREDIT CONTROL !

PRESENTATION ON CREDIT CONTROL !

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PRESENTATION ON CREDIT CONTROL !

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  1. PRESENTATION ON CREDIT CONTROL! Presented by Michelle Kriel

  2. CREDIT CONTROL ENTITIES • Sole Proprietor • Partnership • Close Corporation • Companies • Trusts

  3. CREDIT CONTROL MARRIAGE REGIMES • In Community of property • Out of Community of Property

  4. CREDIT CONTROL PROBLEMS WITH CONTRACTS • Surety • Legal Costs • Interest • Payment in Installments • Domicilium citandi et executandi

  5. CREDIT CONTROL PROBLEMS THAT WE AS COLLECTORS EXPERIENCE • Some clauses lacking in contracts • Contracts not filled with sufficient particularities

  6. CREDIT CONTROL • No surety when dealing with companies and cc • Sufficient information to be given to attorney

  7. CREDIT CONTROL COLLECTION PROCEDURES • Letter of Demand • Summons • Sheriff for Service

  8. CREDIT CONTROL • Request default judgement • Options • warrant of execution against movables • S65 • written offer

  9. CREDIT CONTROL • Deviations S57/S58 • REMEMBER - Regularly update the information on file for a debtor!

  10. CREDIT CONTROL • QUESTIONS?