We have our own in-house tracing department with all the experience and tools available. This is an imperative aspect and a massive benefit as non-contactable matters are traced immediately.
Our company, CDR officially opened for trading on the 1ST of September 2018. It was formed by a skilled group of individuals, that combined their cognitive genius in all spheres of the business to ensure and enhance service excellence and delivery.
CDR was founded as a necessity, to establish a debt rehabilitation company that will assist credit providers in recovering their bad debt. CDR is backed by Credit Rescue, which is SA’s largest Debt Rehabilitation Company, that has been in existence for almost 20 years with a national footprint of over 100 branches across South Africa, Khusela Community Enrichment Program that offers Internships and employment and has an association with Vitalis Corporate Solutions (Business Rescue)
What we do & How we do it
We assist your clients by rehabilitating them with a Holistic Debt Recovery Program ensuring that you will retain your client and recover all arrears due to you. CDR is an NCR compliant credit solution provider in the financial industry. Our solution is aimed at companies looking to alleviate the time and stress of non-consumer credit.
We have more than 60 different legal companies on our National Panel. They are our “Plan B” if needed. Our philosophy is rather to help the consumers than to threaten them.
Retention Period of Administration Notice on the Credit Profile:
Once placed under administration, the consumer is not allowed to enter into new credit agreement with any credit provider. The Credit Providers are also prohibited by law to grant any credit to any consumer who is under administration. The Administration Notice will be displayed on the Consumer’s Credit Profile for 5 years. However the good news is that the consumer can apply to have the Administration Order rescinded before the 5 years retention period expires, regardless whether the outstanding balances of the creditors’ accounts are settled or not. If you rescind the administration before the balances of the credit providers are settled, you are still responsible to make payment arrangements with them. You do not need the permission of the Administrator to rescind the administration order!
Corporate Debt Recoveries Company History
CDR believes in complying with the laws of the country and compliance with the relevant governing bodies is an important and essential factor in managing and maintaining an honest and legitimate business. We have our in-house tracing department with all the experience and tools available. This is an imperative aspect and a massive benefit as non-contactable matters are traced immediately.
All legal guidelines and certification with the following regulations are obtained.
* Council of Debt Collectors:
* BEEE Level 1
* EDO PSSF
* All certificates are available upon request