Du Triou Debt Agency

Du Triou Debt Agency We've got more than 20 years experience in Debt Collecting. We are committed in serving the financial needs of individuals & businesses.

We provide EXCELLENT CLIENT SERVICE & can assist with drafting of Wills & Testaments, Contracts & Agreements.

Kindly note that Du Triou Debt Agency can assist you with the drafting of your Last Will & Testament as well as Contract...
27/08/2020

Kindly note that Du Triou Debt Agency can assist you with the drafting of your Last Will & Testament as well as Contracts & Agreements.

09/08/2020

Hardship Programs.

Take note that - if you are at risk of falling behind on your monthly mortgage, auto loan, credit card, student loan, or any other debt payments.
* Immediately contact your Credit Providers and explain your situation.

Take note that - your Credit Providers and/or Credit Card Companies may offer you a hardship program, also called "accommodations," to help you. BUT, in order for you to receive an "accommodation", you must reach out to your Credit Provider proactively.

Take note that - these programs may allow you to;
- temporarily delay or adjust your monthly payments;
- and in some cases avoid interest charges;
- and in some cases avoid a Negative Credit Listing.

Take note that - your Credit Providers may also offer longer-term programs, such as work-out plans that allow you to pay back Debt over a set period of time at a reduced interest rate.

Take note that - when you contact your Credit Providers, you must be prepared to discuss your financial and employment situations, as well as how much you can afford to pay considering your income, expenses, and assets.

Take note that - when you contact your Credit Providers, you may ask them, if;
~they have hardship programs available for people experiencing financial losses due to the coronavirus pandemic?
~what the financial consequences will be should you enrol in a hardship program?
~what your overall outstanding debt are?
~and if it will affect your Credit limit and/or Credit reports?

22/07/2020

Debt Review - Contact Us Now!

Covid-19, has left many people, facing financial difficulties, If you are one of them as your monthly repayments on your house, car, credit cards, clothing accounts and various other accounts have risen so high you’re facing blacklisting, ext.

There is still one option - Debt Review, and the benefit is that, while you’re under debt review, legal action can’t be taken against you.

How it works

1. You provide your Debt Counselor with;
a) your payslip;
b) your ID document;
c) and a monthly budget of all your expenses, such as food and petrol.

2. The Debt Counselor will work out if you are over-indebted - if your monthly expenses exceeds your monthly income - your Debt Counselor will crunch the numbers with you and work out how much you need to live on and what is available to repay debts.

3. At this point, you’ll be able to officially apply for Debt Review, and the counselor will tell you what the costs are:
- an application fee;
- a rejection fee (to w**d out frivolous applications);
- a restructuring fee;
- a small monthly fee;
- a legal fee that is needed for the consent order in the second month; and
- a fee if you withdraw from the process later on.

4. The Debt Counselor will then contact all your Credit providers and check that you’ve got all the amounts right. He or she will also get hold of the Credit Bureaus and tell them to list you as being under debt counselling.

This is NOT like a blacklisting – it’s a protection. It will be removed completely once you’ve paid everything off.

If all the credit providers agree with the repayment proposals offered by the Debt Counselor, a legal ‘Consent Order’ will be obtained. This means that the terms have been agreed to and can’t be changed independently by any of the credit providers.

Should one or more of the credit providers not like the terms, the Debt Counselor will have to approach a Magistrate with the proposed debt repayments to get a decision. As long as the repayment plan is reasonable, it should be approved by the Court.

5. Once agreement has been reached, the Debt Counselor will give you your final repayment plan and also submit it to a Payment Distribution Agency.

This agency will take a lump sum from you each month and split it up between the credit providers, according to the repayment plan.

Your obligation is to keep up the monthly payments until such time as the whole amount has been paid off.

19/06/2020

Rental payment problems caused by COVID-19

What is set out below merely constitutes an opinion which deals with the usual clauses in commercial or retail leases. It is unknown how landlords or the courts will react to any action taken by landlords and tenants and as such parties should seek legal advice.

A failure to pay full rental on time constitutes in most cases a breach of the lease, entitling landlords to cancel the lease, claim arrears rental and sue for damages, being the rental for the balance of the lease. In addition, most leases do not contain a force majeure clause and thus reliance thereon by a tenant is out of the question.

In order to avoid the strict letter of the law being implemented by the landlord, tenants are advised to:

1. Communicate with their landlord, to reach agreement that the failure to pay on time, in full or at all and /or a closure of the store (whether on the landlord’s insistence or the tenant’s unilateral decision), will not constitute a breach of the lease;

2. Propose alternative measures such as a moratorium or reduction in rental for a period of 3 to 6 months; or

3. Add any arrears rental to the end of the lease term (hopefully without incurring any interest); or

4. Have the landlord extend the lease period by the number of months during which the rent is not paid or short paid in order to recover any amounts owing to the landlord (the monthly rental for the added periods will be at the amount payable in the last month of the original period, and thus the landlord will benefit from the escalation clause in the lease; or

5. Negotiate for the rent to be permanently or temporarily converted to a turnover-only basis (without a base cost);

6. Continue paying essential operating costs to keep the “lights on” and to provide sanitation and security services etc. unless common areas or the entire Center or Mall are closed by the landlord;

7. Check whether their insurance policy makes provision for Business Interruption and act accordingly

02/04/2020

The impact of trade-disrupting COVID-19 on South African business

Humanitarian crises have significant implications for private business. The coronavirus disease 2019 (COVID-19) is causing a slowdown in world trade, disruption in global supply chains, changing tourism flows, and pressuring Chinese economic growth. The complexity of global supply chains means that businesses may be reliant on Chinese products without being aware of it. South African companies that have built markets on the back of an integrated global trade network need to be aware of, and ready to act on, the vulnerabilities that their trade dependence creates. Recommended actions include: create a view of critical products and suppliers; have contingency plans in place; consider the financial and legal implications; communicate; and conduct scenario analysis.

13/03/2020

Why Appoint a Debt Collection Agency

Most obvious, debt collection companies specializes in recovering bad debt. Although often wrongly stereotyped, the majority of debt collection agencies offer a very professional service.
Collection agencies are the most obvious choice for businesses looking for third-party assistance in collecting unpaid debt, as they possess the knowledge and experience offering such services. This, along with their own specialized systems, software, methodologies and training regularly makes them more cost-effective and efficient at debt recovery on troublesome accounts.
Debt Collectors – Although debt collection professionals often deploy much of the same collection procedures businesses would use themselves prior to handing over an account, they generally have a much higher collection rate due to a number of reasons;

1. Access to specialized & proven collection infrastructures
2. Often taken more seriously
3. Ability to register unpaid debts against the debtor’s credit file
4. Capacity to take a more serious course of action.

Do you have bad debt, contact Du Triou Debt Agency today and we'll assist in the collections.

13/03/2020

Appointing Debt Collectors

Most businesses experience debt collection issues with customers, however if you believe you have exhausted all avenues in retrieving the bad debt and still aren’t making any progress, it’s most likely the right time to take the next step in recovering your debt.
Before taking this next step in the debt collection process, and depending on the current situation, you should make sure that you have at least addressed the following;

• Reminder invoices have been sent
• Follow up emails have been received
• Phone call with customer outlining outstanding debt is overdue

With all internal debt recovery methods exhausted, there are a few options that are available for you to pursue.

Contact Du Triou Debt Agency today.

06/03/2020

The Benefits of Debt Collectors vs Debt Collection Attorneys.

If all debtors paid their debts, there would be no need for debt collection services. The same can be said for debt collection attorneys and their services.

When debtors avoid debt collectors and refuse to negotiate repayment arrangements – attorneys may be the last resort. This should only be an option if all other attempts to recover the outstanding amount have failed.

Below are some of the main differences between an attorney and a debt collector.

Debt Collection vs Attorney Debt Collector
Attorneys: Legal court process - costly
Debt Collection: Negotiates with debtor
Attorneys: Requires payment regardless of results Payment based on results –
Debt Collection: commission based
Attorneys: Not always successful at tracking debtors
Debt Collection: Highly experienced at tracking debtors
Attorneys: Will only advise on the matter and won’t act unless advised.
Debt Collection: Takes all legal actions required for successful debt collection.

28/02/2020

What is over-indebtedness and reckless credit?

A consumer is over-indebted if it’s assessed that they will be unable to meet all their financial obligations in a timely manner
Based on the majority of information available at the time of the assessment including their:
Financial means
History of debt repayment
Credit is reckless if:
The credit provider failed to conduct a proper assessment
The credit provider entered into an agreement that put the client in an over-indebted position
The consumer did not understand the risks, costs or obligations under the agreement
Client education plays a vital role in safe guarding against reckless credit by taking steps to ensure a client understands the contract and the consequences
Reckless credit agreements can:

Be set aside
Be restructured
Be suspended
Client need not make further payments
No interest, fee or charge may be levied against the account
Credit providers rights are unforeseeable
When suspension ends, the rights and obligations are revived and become fully enforceable

Address

17 Davallen Street
Scottburgh
4180

Opening Hours

Monday 09:00 - 17:00
Tuesday 09:00 - 17:00
Wednesday 09:00 - 17:00
Thursday 09:00 - 17:00
Friday 09:00 - 17:00

Telephone

+27632015983

Website

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