Medaco’s Debt Collection Solution
MEDACO Revenue Solutions is a registered debt collection agency that strives to provide our clients with professional and effective recovery services as we collect commercial and consumer debt for Clients throughout South Africa.
Debt collection agency regulation compliance is extremely important to agency customers, as potential liability issues can surface if the proper protocols aren’t followed when collecting debt. When shopping for a debt collection agency always keep in mind that you can be held liable for any legal errors committed by your collection agency. We will mitigate this risk for you.
Medaco is a registered debt collections firm.
With Medaco, you can expect:
• Upstream advice on documentation, admin and financial procedures;
• Innovative thinking for effective approaches to your credit problems;
• The highest regard for your reputation and good will;
• Strict adherence to all applicable laws;
• Tight controls over accounting practices, and collection procedures;
• A commitment to the latest and best in data processing capabilities; and
• Reporting systems that give you a clear view of your entire collection picture.
Medaco has strong expertise in debt collection as well as a specialisation in automated legal debt collection services. We have our own in-house attorney’s and proprietary system, that automatically follows the legal documentation and communication steps as defined by the:
• Association of Debt Recovery Agents (ADRA)
• Council of Debt Collectors
• Magistrates Courts Act 32 of 1944
Apart from the expertise in Debt Collection and in particular the legal debt collection aspect, Medaco offers significant expertise in, and access to data cleansing, tracking , tracing, verification and confirmation services.
We at Medaco have successfully collected over R300m worth of outstanding debt on behalf of public and private sector organisations.
Consumer Debt Collection
MEDACO has been providing consumer debt collection outsourcing for over 5 years. MEDACO handle’s large consumer credit portfolios on an outsourcing basis for public and private sector clients. MEDACO maintains one of the most sophisticated mature infrastructures for outsourcing consumer debt collection.
Consumer debt collection in South Africa is subject to a mountain of regulations and laws. In addition, consumer debt collection is also subject to the Consumer Protection Act as well as the National Credit Act. Proper collection agency licensing is critical for consumer debt collection. The web of laws and regulation is often one of the main reasons companies choose consumer debt collection outsourcing.
MEDACO Revenue Solutions is fully licensed and insured for consumer debt collection. Our consumer collectors have an in-depth understanding of the legal and regulatory landscape in South Africa.
Why not consider outsourcing your consumer debt collection?
Consider MEDACO for your outsourced debt collection needs. We have the technology, collection pros and expertise to handle any type or size of credit portfolio outsourcing. All it takes is a simple call and one of our seasoned professionals can provide you with a choice of solutions for consumer debt collection. Outsourcing has a lot of variables and every company and industry has unique debt collection challenges. We look at bottlenecks and collection problems as opportunities to increase your bottom line.