Commercial Debt Collection | Kenya
Specialized skills are necessary for commercial or business-to-business debt collection. This is because commercial debts usually involve higher values compared to consumer debts and require negotiation with more sophisticated debtors. Additionally, the involvement of different legal entities and multiple parties, such as guarantors and directors, adds complexity to the collection process.
Our collectors understand that companies owe money, but it’s the people within those companies who ultimately pay the bills. We acknowledge that each debtor company is unique, which is why we negotiate with them based on their financial stability and liquidity. To keep clients informed, we provide fortnightly reporting that grants direct access to information, progress reports, charges, and invoicing.
Elite Debt Management Limited recognizes the specialized skills required for successful commercial debt collection. We have a dedicated team specifically trained to achieve the best possible outcomes for your business.
To commence collections, we require the following:
- An authorization letter granting us the mandate to recover the debt.
- The loan statement of each debtor or loanee.
- Personal details of the loanee and guarantor(s), including their names, addresses, phone contacts, and email addresses (if available).
- A brief description of the loanee’s or business’s location.
- Certificate of incorporation and KRA (Kenya Revenue Authority) PINs for the company and directors.
- Invoices and delivery records.
- Copy of the contract.
- Copy of the credit terms and conditions.
OUR CONTACTS
Elite Debt Management Limited
Location: Aqua Plaza, along Murang’a Road
E-mail: info@eliteservices.co.ke
Websit:www.eliteservices.co.ke
Phone: +254759282199 | + 254703 778128
Our Services
- Debt Recovery
- Debt Management
- Financial Advisory
- Asset Outsourcing
- Facilitating Loan Buy-offs and Waivers