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Debt Collection
Debt collection refers to the process of collecting outstanding debts from consumers or businesses who have failed to make payments on time.
Debt collection in South Africa is a regulated sector, and debt collectors must follow strict guidelines and regulations when collecting debts.
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Council for Debt Collectors
The Council has been established by the Debt Collectors Act 114 of 1998 to regulate the occupation of debt collector. The Act came into operation on 7 February 2003.
Website: www.cfdc.org.za
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Association of Debt Recovery Agents (ADRA)
ADRA seeks to promote the debt recovery industry as a responsible and significant participant in the credit life cycle, providing sustainable and rewarding career opportunities and acting in the interests of both credit providers and debtors.
Website: www.adraonline.co.za
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