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External Debt Collector (EDC)



24 June 202


Consumers are increasingly relying on credit from multiple credit providers to simply get by, and External Debt Collector (EDC) companies are receiving increased higher referral volumes. According to StatsSA, reports show that the debt-to-income ratios of customers at debt counsellors were at an all-time high in the fourth quarter of 2019. In addition, as a result of Covid19, it goes without saying that those numbers will be on the rise.


Credit institutions are very aware of debt collection challenges and are exploring the means to enhance their arrears management efficiency and effectiveness by either outsourcing to external debt collectors or looking to move into digital collections and harness the value of their data for the purpose of meaningful insight from predictive analytics. 


Companies with debt collections try to minimise these losses by recouping some of the debt by either making use of internal or external debt collection strategies, or a combination of the two. Debtors that are in higher recency bands are usually handed to external debt collectors. Also those debtors have proven unresponsive to internal collection efforts.


Inspirit Data Analytics Services - IDAS has built 3 fundamental innovative functionalities into our debtor tracing tool that will lift collection efforts viz:


·      Merging data sources from multiple data points into collections that provides a deeper view of the debtor;

·      Innovative use of full text searching and statistical modelling techniques that traces debtors than traditional methods;

·      Innovative ways to enhance collection strategies using scorecards;


We suggest that organisations issuing credit should have access to IDAS as an online debtor tracing and consumer verification tool that will aid in the debt collection process as a first option, before outsourcing to external debt collectors.


Try our more affordable debt collection option.


IDAS: Debt recovery made simple.


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Debt Collection made Simple

18 June 2020


Even in cases where debtors have absconded, debt collection can still be possible with the right debt collection tools. With extensive years of experience with providing debt collection solutions to Debt Collectors in South Africa, debt collection and the many techniques involved in tracing debtors to collect debt can be seamless.


The debt collection process involves tracing and investigation a debtors information in order to make contact. Therefore it is vital that the relevant debtor information is available to ensure accuracy and effectiveness when attempting to engage with the debtor.


Tracking and tracing tools like Inspirit Data Analytics Services (IDAS) has made it easier to track down the elusive debtor.

The online Debtor Tracing tool is an in house verification and debtor tracing tool that will provide you with the necessary broad spectrum contact details.


Why broad, because our Online Debtor Tracing Tool doesn’t just provide you with basic contact details like other tracing tools, rather we provide you, the debt collector, information including:

·     Employment and company details

·     Directorship information

·     Property Ownership

·     Deeds office information

·     Marital and deceased status

·     LSM

·     Contact Score

·     Risk score indicating indebtedness


IDAS Online debtor tracing solution also provides you with a global search bar, a one of its kind in a debtors tracing tool that allows combination search inputs e.g. Joe James Cape Town.


In addition, IDAS debtor tracing tool provides dashboards as well as reports so that you as the administrator can manage search history.


Choose the Number 1 debtor trace tool designed for debt collectors.

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Debtor Tracing Tool for Debt Collectors and Private Investigators

20 October 2019


Are you a Debt Collector or Private Investigator looking for an Online Debtor Tracing tool?

Searching for people, find a person by cell phone number or find people by name with the aim to track and trace bad payers and trace non-payers.


Gain access to an array of information that no other Trace Tool offers.

± Fixed fee per month or pay per search

± No long terms contract required – month to month subscription

± No software installation required

± No Hidden costs

± Pay one fee for access to all data categories relating to an individual as opposed to specific fees for specific data categories.

± Person lookup Search Bar, like Google that allows partial data inputs like First name and consumer address

± Data categories include:

  • Person Identification


  • Contact and Address information


  • Deeds Information


  • Property Contact Detail


  • Company info plus contact details


  • Directorship


  • Adverse indicators


  • Employment information


  • Marital and deceased status


  • LSM and Contact Score



  • Relationship Links


IDAS is a Person Search Engine that is designed to search for someone with basic search inputs like ID number, name and Surname, cell phone number and address. It is the fastest and most sophisticated search tool in looking for a person.

 

This tool will accelerate your tracing capabilities.


Contact IDAS for more information 

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Why small businesses don’t need to hire a Debt collection agency

07 September 2019


Why is there a risk when outsourcing collections efforts to debt collectors:

⦁ Being exposed to dubious collection methods that has a negative impact on your business reputation. For example, treating your former customer fairly whilst still getting job done....

⦁ You don’t necessary require skip tracing using an outsourced debt collector – you can do it yourself.

⦁ Outsourced debt collection service is generally expensive and, in many cases, should be your last resort before giving up unpaid invoices

⦁ In most cases, debt collection agencies lock you into long term contracts.


IDAS is an Online Tracing service and data tool that offers you an easy do it yourself person tracker tool that is easily accessible, easy to use and best of all, affordable


Our solution enables the user to find someone in South Africa using search criteria like ID number check, name, address, cell phone tracing, company details as well as directorship details and finally deeds information. In addition, verify your clients details before issuing more credit, update your CRM solution with the latest personal and demographic details as well as clean and update your debtor database.


Data categories includes:

Biographical, Demographical, Employment, Directorship Details, Property Ownership (Deeds), Deceased information, Marital Status, Social Networking, Email Addresses, LSM, Company Information, Person Relationship Links, Home Affairs


The products & services offered by IDAS include:

⦁ Web based Online Trace 

⦁ Batch Trace

⦁ Leads Generation 

⦁ Data Cleaning

⦁ API Integration


Extended Services Offered leveraging XDS South Africa:

⦁ Access to Credit Bureau Information – only if you are a SACCRA member eligible to access credit bureau report and financial information 

⦁ Analytical capabilities – Big Data Centre for large data compute and analysis against citizen database 

⦁ B-BBEEE Large enterprise Level 1 

⦁ Vehicle Verification checks 

⦁ Consumer solutions

⦁ Credit application

⦁ Credit report

⦁ Consumer Trace

⦁ Collections Snapshot

⦁ Early and late stage collections

⦁ Payment gap

⦁ Collections snapshot

⦁ SAFPS

⦁ Education

⦁ Criminal

⦁ Biometrics: Realtime Consumer Authentication against home Affairs using thumb prints scan

⦁ AVS – Bank code verification

⦁ Income Predictor – Estimate consumer’s monthly income

⦁ Affordability – Determine what the consumer can afford



Contact us for …..

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