Debtsource clients are always asking for standard credit control letters. “What should the format be to notify a client of an account approved or declined?” or “What notification do I need to send to clients that are overdue?” or “Is there a final letter I can send the debtor before taking third party action?” These […]

“Business to Business credit is seen by many as one of the riskiest assets a company can hold, with numerous firms severely affected by late payments and bad debts.”  According to Frank Knight, CEO of Debtsource, the consequences of slow or non payment include erosion of profitability from sales, and in some cases where margins

Credit or the Latin word CREDERE means to be accredited or trust worthy! It requires trust in all its forms to extend credit terms to a customer. Ronald Reagan was once quoted saying “Trust, but verify”. Credit is based on trust!  On entering the business world in the early 1980’s the Credit Application form was

Debtsource is pleased to announce that it has been awarded a BEE Level 2 rating by an independent rating agency. The contributing factors to the rating included the help Debtsource offers to small black owned businesses as well as the charity work done with the Abraham Kriel Childrens Home.