List of Registered Debt Collectors In South Africa

Debt collection is important for South Africa’s financial stability and economic growth. Registered Debt Collectors In South Africa ensure fair and transparent practices, providing a reliable means for creditors to recover unpaid debts while safeguarding debtors’ rights. Engaging with them offers peace of mind. What is debt collection?

Debt collection involves pursuing payments from debtors, often individuals or businesses, and is specialized by a collection agency or debt collector. South Africa’s debt collection system is governed by the National Credit Act and the Debt Collectors Act, ensuring fair treatment and transparency for creditors and collectors.

List of Registered Debt Collectors In South Africa

The Council for Debt Collectors (CFDC) maintains a register of all registered debt collectors in South Africa. You can search the register by surname, area code, or company name https://www.cfdc.org.za/. Below are registered major list:

Straetus

Able Tracers & Debt Collectors

South African Debt Recovery & Collection

Corporate and Commercial Debt Collectors Africa

Debt Tec

Hahn Collections (Pty) Ltd

Revenue Consulting (Pty) Ltd 

DEBT-IN

Metro Collect

ADRS Diversified Services (Pty) Ltd

MJB Masingita Jacobs Burnard

PRS & Associates

SVG Legal Services

Thembeka Debt Solutions

NRB Risk Solutions

TSL Legal

R & W Credit Solutions

Collect A Debt

IDC International debt control

NN Legal Recoveries

MBA Debt Collection Services (Pty) Ltd

How do I know if a debt collector is legit in South Africa?

Here are a few key ways to identify a legitimate debt collector in South Africa:

1. All debt collectors in South Africa must be registered with the Council for Debt Collectors (CFDC). This is a legal requirement.
2. You have the right to request proof of registration from the debt collector. A legitimate collector will readily provide this.
3. Don’t rely solely on what the collector tells you. You can verify their registration status yourself using the CFDC’s online search tool: Council for Debt Collectors: CFDC: https://www.cfdc.org.za/
4. If a debt collector fails to provide registration proof or is not listed in the CFDC search, they may be operating illegally and should be reported for investigation.
5. A legitimate collector must provide precise details about the debt they are seeking to recover, including the original creditor, the amount owed, and any additional charges.
6. Legitimate collectors are bound by regulations and cannot use threats, intimidation, or abusive language.
7. They cannot spread false information about you or your debt.
8. They should be upfront about their identity, the company they represent, and their purpose for contacting you.

How many days does a debt collector have to validate a debt?

This letter shows you the details of a specific debt, outlines what you owe, who you owe it to, and when they need you to pay. Legally, a debt collector has to send you a debt verification letter within five days of their first contact with you.

What are the consequences of using an unregistered debt collector? Engaging with an unregistered debt collector can expose creditors to risks such as unethical practices, legal liabilities, and ineffective debt recovery.

Can I negotiate with registered debt collectors? Yes, registered debt collectors may offer flexible repayment options and negotiate settlements based on debtors’ financial circumstances.

Are there alternatives to using debt collectors? Yes, alternatives to using debt collectors include negotiating directly with debtors, seeking mediation services, or pursuing legal action through the courts.

Further Reading >>List Of Professional Bodies In South Africa

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