Debt Recovery Strategies
Choosing a debt recovery strategy gives you the power to control your debt recovery process. We have benchmarked the following (2) strategies in order to maximise recovery of your debt. Please indicate what strategy you would like to commence with when providing your instructions on the debt collection instruction memo found on the right hand side of this page.
If your debt is over 90 days we recommend you commence with Rapid Debt Recovery.
RAPID DEBT RECOVERY:
Stage 1: Final Demand Letter – Day 1
Stage 2: Legal Letter of Demand – Day 8
Stage 3: Court Action filed or Legal Action under Security of Payment Act – Day 10
STANDARD DEBT RECOVERY:
Stage 1: First Letter of Demand – Day 1
Stage 2: Second Letter of Demand – Day 8
Stage 3: Legal Demand – Day 15
Stage 4: File Statement of Claim – Day 21




