Debt Collection and Debt Recovery sound like they have the same meaning, but there is a subtle difference. Debt Collection involves general measures taken to collect money owed by late payers. These are live debtors. Clients may opt to engage FAST-DEBT to manage their live debt-book to ensure prompt payment of bills/invoices as they fall due. A rigorous reminder system has been put in place by FAST-DEBT to avoid invoice payments from becoming overdue. FAST-DEBT will follows-up, monitor and track all invoices raised in that period and ensure that these are paid before or by the due date. This gives space to our Clients to concentrate on their core business.

Debt Recovery, on the other hand, is the recovery of debt after it has been written off from the company’s / Client’s books after an unsuccessful internal debt collection process. Our debt Recovery process is a step by step procedure that escalates from less aggressive to a more intense and rigorous recovery process depending on the level of delinquency and difficult-to-pay debtors. This may lead to legal action. This service is suitable for all types of debt gone bad.

Landlords who are either busy or want to have a piece of mind can outsource rental collections services to minimize the challenges involved during rental collections. FAST-DEBT will send out reminders and engage tenants to ensure that rental payments are made immediately when they are due. This ensures that difficult tenants comply with their terms of the contract, failure to which a surcharge or a more intense procedure may be used to collect rentals due. Landlords can now concentrate on other pressing matters whilst we collect on their behalf.

This is a new service offering that gives the Client impetus to be flexible in terms of offering their products in order to increase sales and market share. Under this offering, our Clients consciously take a more calculated risk with piece of mind given that FAST-DEBT underwrites the debt thereby providing assurance to the Client that the debt will be collected and settled in full within the agreed period.

Through our specialized and highly trained investigations team, we offer debt investigation and skip and trace services. FAST-DEBT collaborates with external partners to ensure that debt is collected even for those debtors who deliberately go under. Our skip and trace department is ever ready to hunt, track and trace individuals who hide from their normal known address. We seek to combine the ‘think global’ – Act local approach in order to share and deliver innovative Debt Management practices. This service is open for outsourcing

FAST-DEBT is being supported by EXTERNAL Legal firms who are ready to take up cases. Difficult debtors are taken through the legal procedures with the full knowledge of the Client. With this legal support and backup, we offer a full-proof Debt Management Service to our Clients ready to take the full process of the law.