by Francois Krüger | Jul 17, 2015 | Fees and Distributions
Does your software distribute money collected correctly and what are your risks? Section 126(3) of the National Credit Act deals with the allocation of payments received from debtors and expressly provides as follows: (3) A credit provider must credit each payment...
by Francois Krüger | Jul 17, 2015 | Fees and Distributions
Does your software separate the financial transactions of the debtor from the client effectively per file? Contingency Commissions are different to Collection Commission. Charging contingency commission is only allowed if you deduct it from the amount owing to the...
by Francois Krüger | Jul 17, 2015 | Fees and Distributions
Are you over-charging or charging fees that are not allowed? In the same way as a plumber knows what he charges for a call-out fee or for a replacement of a tap, every debt collector should know what they are entitled to charge for the services they deliver. One...
