Debt Collection is regulated in terms of the Debt Collectors Act 114 of 2008 which establishes the Counsel for Debt Collectors (CFDC).The CFDC regulates debt collection companies or businesses.

All Debt Collection companies or businesses must be registered with the CFDC and renew their registration certificates on an annual basis.

Debt Collection companies or businesses normally work on a paid fee or commission basis depending on the agreement they have with their clients.


For a free debt assessment or consultation contact us now on 010 502 1876 or send an email to info@mvmaroleng.co.za

A Debt Collection service is highly essential for businesses in that it bridges the income gab for businesses who have customers who are owing small to large amounts of money ("The Debt Book") which can disturb a business's cashflow significantly, and failure to recover such debts carries a potential risk of collapsing the business entirely.

It is on the above basis that every business requires to partner with a legal Debt Collection firm in order to mitigate the amount of unpaid debt. This partnership is aimed at increasing the business's cashflow and turn over.

For a free debt assessment or consultation contact us now on 010 502 1876 or send an email to info@mvmaroleng.co.za

A Debt Collection process may include calling debtors demanding payment, tracing absconding debtors' addresses, contact details and employment details, concluding acknowledgement of debts with debtors on behalf of the creditors and submitting listings on the credit bureau for defaulting debtors, inter-alia.

If the debtors refuses to pay after demand was made, Court Summons are issued thereafter a judgement is obtained and executed against the debtor by attaching their assets, or funds contained in all and any of the debtor's bank accounts or to garnish the debtor's salary. 

For a free debt assessment or consultation contact us now on 010 502 1876 or send an email to info@mvmaroleng.co.za