Request For Proposals Are Invited For Debt Collection

Request For Proposals Are Invited For Debt Collection The Debt Collector Shall Be Required To Perform The Following Services From Rental Defaulters Who Have Since Vacated Sedco Premises Inclusive Of Pursuing Legal Collections Through Issuance Of Summons Judgements Writs Of Execution And Instruction To Conduct Public Auctions 1 Tracing And Locating All The Handed Over Debtors And Obtaining Any Other Necessary Information Needed To Succeed In The Recoveries And Reaching Out To Customers With Overdue Accounts By Sending Out Notices Of Unpaid Debt 2 Setting Up And Maintaining The Handed Over Debtors Files And Reporting On A Monthly Basis On The Status Of The Various Debtors Handed Over For The Collection Of Debts As Well As The Successful Collection Of The Capital Amount Collected This Shall Include Keeping Full And Proper Books Of Accounts And Records Showing Clearly All Enquiries Transactions And Proceedings Regarding The Debt Settlement Progress And Sharing The Same With Sedco For Updating The Debtors Account 3 Negotiate And Manage Reasonable Debt Repayment Plans With The Handed Over Debtors To Ensure Full Debt Recovery 4 As It May Be Necessary From Time To Time Depending On The Debt Being Handled Liaise With The Lawyer S To Write Necessary Demand Letter S To Assist In Recovery Of The Debt And Or Obtain Necessary Court Orders To Auction Debtor S Assets To Be Used To Recovery Of The Debt 5 As It May Be Necessary From Time To Time Depending On The Debt Being Handled Liaise With The Auctioneers To Execute The Court Orders To Auction The Assets Of The Debtor To Recover The Outstanding Dent And Have The Same Paid To Sedco 6 To Request The Debtors To Make Payments By Utilizing The Payment Mechanisms As Stipulated In The Credit Management Policy 7 To Submit To Sedco All Relevant Enquiries And Requests Obtained From The Debtors In Respect Of The Debts Outstanding 8 To Identify And Evaluate The Possible Write Offs Of Outstanding Debts That Prove To Be Completely Unrecoverable With Reasons Detailing Why A Write Off Of The Said Debts Should Be Considered 9 To Ensure That Individuals And Or Organizations With Outstanding Debts Have Been Reported To The Credit Reference Bureaus Together With Necessary Supporting Documentation And To Ensure That Such Submission Affects The Credit Rating Of The Debtors 10 Prepare Monthly Debtor Statements For All The Outstanding Debts And Share The Same With The Debtors And Sedco 11 Perform Other Assigned Tasks And Duties Necessary To Support The Business Incubation Department And Enlist The Efforts Of Senior Management When Necessary To Accelerate The Collection Process Proposals Must Be Hand Delivered At The Sedco Head Office Reception On Or Before 10 00 Am On Wednesday 03 April 2019 In Sealed Envelopes AndMust Be Addressed As Follows The Chief Executive OfficerSmall Enterprises Development Company Sedco Debt Collection Proposal

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