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Identify people under Debt Consolidation

28 October 2020


Accelerate your collections efforts: Choose a person tracing tool to improve fraud detection and prevention.

Locating debtors costs you time and money. Being able to identify an individual that is under debt administration or has a Judgement against their name is critical.

Inspirit Data Analytics Services (IDAS) Trace Solution provides access to the most current information that is available on consumers and businesses.


If you need to identify a person that has applied for debt consolidation or has sought debt counselling, the IDAS online debtor trace solution provides information that includes:


Debt Consolidation:

·     Debt Counsellor Registration Number

·     Debt Counsellor Name and Surname

·     Debt Review Status Code

·     Debt Counsellor Telephone Code and Number

·     Debt Review Status Date


Judgement:


·     Judgement Case number

·     Judgement Case Date, Type and reason

·     Judgement Plaintiff name

·     Judgement Dispute amount

·     Judgement court details

 

 

Choose the leading Debtor Tracing tool for:

·     Collections Tracing

·     Tracing for Fraud Detection and Prevention

·     Company Tracing and verification

 

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What is Debt Recovery?

Debt collection


20 JULY 2020

 

Handing problem debts over to a debt collection agency can be a quick and easy way to recover them. You can use a debt collection agency regularly or on a one-off basis.

Alternatively, you can use an online debtor tracing tool to trace absconded debtors in order to improve your accounts receivable.


Finding the best debt collection agency in South Africa can be challenging

 

Outsourcing debt collection to a debt collection agency can be a less confrontational way of chasing outstanding debt than taking court action, but can be a costly exercise. Debt recovery and debt collection are similar terms with one small difference of whom is who is trying to retrieve a debt.

 

Inspirit Data Analystic Service (IDAS) offer a least costly approach to tracing a debtor by providing access to a tool that can provide up-to-date contact information for your most hard-to-locate debtors.

This dynamic and robust debtor tracing application is frequently refreshes its extensive databases of consumer and commercial information, enabling you to locate elusive debtors, make contact and collect unpaid debt.


IDAS not only has designed this tool for debtor tracing, but also for consumer and commercial verification.


Confirm a persons or company’s information before issuing credit or being scammed by syndicates who provide falsified information.

As a first option, don’t pay high debtor tracing fees, but rather try and gain access to additional information from multiple data points that allows you to make contact with the debtor in order to recover debt.

IDAS offer two type of payment options which are:

·      Monthly license fee designed for high volume of tracing

·      Credit options – pay for a batch of searched

·      Individual search -pay per report.


For more information, contact us on at hello@inspirit.co.za or visit us on www.inspiritdata.co.za

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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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As a Legal firm, what are your pain points?

19 May 2020


1.    Lack of current contact information of debtors:


It goes without saying that successful recoveries rely on the ability to contact a debtor i.e. without current information you cannot recover the debt.


Primary reasons for a lack of contact information could be:

·      Debtor regularly changes their address information moving from one rental property to another.

·      Falsification of information during the credit application process


Solution: Establishing information verification and authentication by ensuring realtime updated information from reliable sources.


2.    Lack of ‘enough’ information to identify and contact debtors


Sparse information prevents successful recoveries leading to an inefficient use of tracing agents’ efforts which in turn prevents positive action being taken on the defaulted account.

Given the extent of data captured and kept in public records, the reality is that an organisation experience difficulty in consumer identification and tracking because the information is not where one would expect it to be.


Solution: Investigate a debtor’s third-party connection in the form of relationship links, property ownerships, co-employees and company information.


3.    Difficulty in accessing more than just the basic information about the debtor


You may have a debtor’s basic information like an address or phone number. But successful recoveries require more ‘astute’ means of making contact and obtain that ‘promise to pay’. This maybe information about their spouse, employment or known associates.

Unnecessary time and resources are wasted in trying to trace data from public records, assembling and most importantly making sense of raw and complex data.


Solution: Hire a person internally to manage this data gathering task or choose an organisation that has the means and infrastructure to setup the information that you require efficiently and effectively.


4.    The problem of ‘Too Much’ Information


Having a tracing agent spend ‘too much’ time on collection efforts is counterproductive, especially when you trying to achieve debt recovery targets whilst managing operating costs like telephone and salaries.

In order to ensure the most effective recovery possible, information needs to be organised so that time is not wasted examining data.


Solution: As in point 3, the least costly approach would be to utilise a debtor tracing platform that has already done the ‘heavy lifting’ by providing a unique view of the debtor using multiple data points




Inspirit Data Analytics Services is such a platform that provides analytics by managing the volume of data stored in various silos.



Try our Approach:

Debt Collections made easy with Fast, efficient and proven techniques



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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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Consumer Trace and Debtor Tracing made easy for Attorneys. 

10 October 2019


Debtor or Consumer Tracing is an integral part of legal due process.

In order for attorneys to serve documents legally to a debtor through a sheriff, the attorney must have the correct address of the debtor.


One of the biggest pain points that attorneys have are:

1.    The inability to trace a consumer and

2.    the address that the attorney has on file turns out to be invalid when the sheriff serves the document.


This inability to source a valid address for a debtor in order to perform a consumer or debtor trace results in higher costs with 3rd party vendors that charge per record trace based on an ID number input. Attempting to a perform consumer trace by yourself would generate few useful results and this is because individuals and businesses just don’t have the tools to access consumer data to find out what they need to know about debtors who have absconded. 

Therefore, debtor tracing or consumer tracing has been left up to debtor tracing companies, who could then charge excessive charges to their clients for the information they generated.


But what if you could perform consumer or debtor tracing in-house?

 

IDAS is an Online Tracing service and data tool that offers you an easy do it yourself debtor tracker tool that is easily accessible, easy to use and best of all, affordable. It is perfect for ATTORNEYS to track and trace consumers.

 

Our solution enables attorneys to find someone in South Africa using search criteria like ID number check, name, address, cellphone tracing, company details as well as directorship details and finally deeds information. IDAS search engine is one of a kind that even offers a ‘Google’ like search bar if you have partial search inputs e.g. First name and address search. It is that powerful!


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 and income categories


The products & services offered by IDAS include:

⦁ Web based Online Trace 

⦁ Batch Trace

⦁ Data Cleaning

⦁ API Integration


Contact us for more information.

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Background Checks

15 August 2019


Background checks are often understood as having access to a person/company’s credit history or financial information before making a credit decision. 

The purpose of background checks is to allow companies to know if an individual or company can afford to make timeous monthly payments and to confirm personal information during a credit application process. 


Generally financial institutions like insurance companies, banks or companies performing financial application verification have access to credit reports. 

However, what if you not one of these types of companies but still want a tool that enables you to perform a non-financial background check on a consumer or company using public domain information. 


Inspirit Data Analytics Services (IDAS), is an EOH Enterprise Development Company that can provide you with a tool that allows you to conduct background checks to help protect your business by providing you with information that will aid you in minimising your risk of fraud or reputational damage. 


Powered by XDS, a credit information bureau, with this tool you can confirm:


⦁ Personal information – ID Validation, name, surname, marital status and spousal data, deceased status

⦁ Telephone information – both current and historic that used for debtor tracing, number tracking, employment contact details and financial applications.

⦁ Address details – especially useful in the legal profession to confirm domicile or real estate agents who wants to obtain a contact number at a specific address.

⦁ Property ownership – access to this information has a multitude of benefits including current asset portfolio based on current loan versus deposit paid.

⦁ Employment information – verify employment status and dates of employment which is especially useful for employment verification purposes.

⦁ CIPC information – Verify businesses and people linked by confirming phone numbers, addresses and property ownership.


This information is accessible with simple data inputs like ID number, telephone number, address, finding phone number by name and/or surname or finding someone through relatives.

With this information in hand, IDAS can help you make fully informed decisions and implement business strategies and grow your business faster.

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Struggling with Debt collection?

20 July 2019


Due to scarce resources, small to medium businesses sometimes do not have the tools/relevant information to collect outstanding debt. This proves even more challenging when debtors are unwilling to pay or deliberately evade payments by providing incorrect personal contact and address information.


If you are a small enterprise and struggling to collect debt from debtors, you don’t need to employ a professional debt recovery company as your first option. You can collect outstanding debt by yourself with using technology designed to trace individuals or companies using basic inputs like ID number, name and surname, company name address or even a telephone number. 


Inspirit Data Analytics Services (IDAS) is an all-encompassing web-based debtor tracing software, powered by a Credit Information Bureau and one of the major suppliers of business and consumer credit bureau data in the SA market.


IDAS has been designed for debtor tracing, offers access to a spectrum of data on individuals and companies and enables you to track and trace people using relationship links like spousal details, company co-workers, directors in a company or deeds information. 


Trace using our online tracing application, designed for hard tracing of those difficult to locate debtors. Alternatively, use the online batch tracing tool designed for clients that want to trace debtors by processing large data volume files. 


We understand the frustrations within the debt collection process. Our aim is to provide you with a cost-effective debtor tracing tool which allows you to trace and contact your debtor. 


IDAS is that straight forward and convenient.

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