CreditorWatch is a cost effective tool to use prior to engaging a lawyer for debt recovery. Our customers can use the information and tools provided to them on CreditorWatch to assist with the debt collection.
If a debtor is slow to pay their invoice, arm yourself with information. Review their credit profile and add them to your monitoring list to receive email alerts of their activity. You'll receive an email to alert you when adverse information appears or simply a change of information on their credit file.
CreditorWatch provides letter templates with our logo which can assist through every stage of the collection process. If the debtor has still not offered payment, you can advise them that you will register a payment default against them and that the payment default will remain on their profile for 5 years.
If the debtor has still not paid, then you can show how you've used CreditorWatch to assist your efforts in collecting debt when you call on a debt collector and/or the court.
Learn more on how you can use CreditorWatch: