Household debt to income is expected to reach 75% by the end of 2022

South Africa’s matured financial system has led to increased easy access to credit. While this supports economic growth, overextension by sometimes already struggling households can have unintended negative consequences, says Joseph Phiri, certified financial planner at Alexander Forbes. Phiri said that debt to disposable income for South African households has increased from less than 60%…

NuDebt is a leader in the collections industry

Nudebt is a thriving, preferred debt collection and payment solutions company with several advanced collection capabilities at it’s disposal. eColls™ Credit Management Payment Switch Digital Collections Call Centre Collections Field Agents Business Collections Legal Collections Act now to prevent January cash blues! Call: 011 724 5702 / Email: sales@nudebt.co.za

Popia registration deadline extended

South Africa’s POPIA rules have been updated ahead of the July deadline – what you should know South Africa’s Information Regulator has confirmed that there will be no deadline for the registration of information officers and deputy information officers and that no responsible party will be held liable for not registering by 30 June 2021.…

Why use a Professional Debt Collector

Most companies have been faced with the following scenario before. Your client has been a reliable customer who has made payments on time, up until now. However, for whatever reason, you now cannot get them to pay overdue accounts. Despite phone calls and reminders, no payments seem to be forthcoming. You don’t want to call…

UNDERSTANDING DEBICHECK

“South African consumers should still peruse their bank statements for irregularities regarding debit orders, because the new system is definitely not scam-proof,” says debit order expert and lawyer at NuDebt, Brian Blignaut. Blignaut’s words of caution follow the implementation of the South African Reserve Bank’s (SARB) Authenticated Collections Debicheck system on May 1. The project…

SURPASS YOUR DEBT COLLECTION TARGETS

Use eColls™ to surpass your Collection Targets and ensure you have sufficient cash in the bank to meet your working capital requirements.NuDebt is not your typical EDC (External Debt Collector). Incredible data sciences, analytics, technology, innovation and world class credit controllers are employed to assist customers to surpass collection targets.Collections is certainly the most important…

WHY OUTSOURCE YOUR DEBT COLLECTION?

To manage credit best and ensure sustainable cash flow, start by measuring what matters. No cash flow – no business. Stay in regular contact with your customer base. Understand their needs, expectations, queries and reasons for non-payment. Remember, people change their contact details frequently – so stay abreast of your customers’ contact details. Provide your…

POPI ACT: PROTECTION OF PERSONAL INFORMATION ACT

All South African businesses need to comply with this act on 1 July 2021.  All companies will need to obtain permission from clients before they can robocall, email, WhatsApp or SMS them. A company may not sell personal and business information to a third party.  Companies have accumulated large data bases of contact details of…