Direct Registration Service
Granting of credit always involves a level of risk, however prevention is always better than cure.
On the local market, the situation with regards to credit vetting is slowly gaining momentum. Many companies today use our services in order to evaluate the credit worthiness of their customers. Some companies use our services in a subtle way in order to evaluate the level of risk they are taking. Other companies go a step further and inform all their clients that their credit status is automatically being evaluated when they apply for credit.
By making use of this service, companies will not only be checking on the credit status of their customers but through our ‘Check List’ you receive upon subscribing, a clear guide on dealing with new and existing customers. By following a number of procedures amongst them would be introducing a Credit Application Form. In this way the customer will also know beforehand the terms and conditions your business is offering thus avoiding any possible misunderstanding and most importantly clearly indicating the credit days you offer. In today’s hectic lifestyles, agreeing to credit terms at the initial stage of a possible business transaction is fundamental and in the long term it could save a lot of time and money.
As part of our services we also offer a "pressure" letter which enables companies to put pressure on their debtor in order to pay up their dues otherwise they would be exposed on our Defaulting Debtors Database. Once this happens it could lead to problems with gaining credit facilities and most importantly problems in gaining access to Banking facilities due to our strong presence in this Sector.