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Writing off bad debt can be very upsetting. You are owed the money, the services were rendered. Why must I write off bad debt? Here’s what the law says on the topic. Let’s first look at prescription What does it mean? Prescribed debt is old debt that has been written...
Ever been asked to sign surety for debt? Should it be your child’s study loan, a bond, a car, on behalf of your company or any other debt. This is a big responsibility. You agree to take over payment and be liable for debt should the ‘principal’ not be able to pay it...
Ever found yourself rolling your eyes at the excuses made by debtors that was supposed to pay their account ages ago? Working with debtors daily we found that there are a few trending excuses. Let’s have a look at the most common excuses made by debtors. The “I never...
