Debt collection for beginners
Recovering outstanding amounts can be done effectively through various debt collection mechanisms.
Drafting and dispatching a letter of demand has become a prerequisite to any debt collection proceeding. A letter of demand not only sets out the basis of the creditor’s claim but also creates an opportunity for the matter to be resolved amicably. Furthermore, in some instances, a letter of demand serves to complete the cause of action before any proceedings can be instituted in Court.