Our Debt Collection Process
Fast Debt Managers employs a systematic, technology-driven debt collection process leveraging the proprietary Fast-Debt Management System:
Debt Book Collection
FAST DEBT ensures that the client submits the debt book in a specific template with all the details to assist us pursue or track debtors.
Demand Letters
FAST DEBT issues demand letters to all debtors on the debt files received from the client.
Establishing Contact
Key Account Managers run through the files to establish contact and identify cases which need to be taken to the legal department.
Skip Trace
Fast Debt embarks on a robust tracing process under the skip trace department.
The Legal Process
Our in-house legal team will engage the Debtor from a legal procedure to see if we can resuscitate the debt before a more stringent legal procedure is taken against the Debtor.
Litigation/ Bailiffs
FAST DEBT lawyers after exhausting their process engages the bailiff to recover the debt through foreclosure of any pledged security or any other property belonging to the debtor.
Client's Report
Key Account Managers send progress reports on the debt files to specific clients in line with the specified time frame agreed by fast and the client.