Kenya East Africa Debt Collection Services
Lolwe Auctioneers are Kenya’s Leading Auctioneers that cover the entire Kenya as a country and as well as East Africa. We are based in Nairobi and still do Debt Collection the 47 Counties in Kenya. We serve our Corporate and Individual clients Countrywide and beyond, that is within the East African Countries of Kenya, Uganda, Tanzania, Rwanda and Burundi.
Debt Collection Service in Kenya
Debt Collection is the art of recovery of monies owed.Debt collection often arises out of a breach of a condition of a contract such as a lease, unpaid cheques, unserviced loan with the Bank, hire purchase, chattel mortgage or hire arrangement. It starts due to non-payment of goods or services or any number of other conditions. It may take many forms from an attendance and collection of payment, to a payment plan or as a last resort the seizure of goods and chattels. This includes repossessions: the seizing of goods and chattels, property where a debt is overdue, and a term of the contract allows for the recovery of property such as vehicles (cars, trucks, motorbikes), boats, machinery and very occasionally other goods such as household furniture and equipment.
Debt Collecting is another field where we are tops. If you enlist Lolwe auctioneers as your Debt Collectors, your accounts receivables will receive maximum attention. We collect Debts for both Corporate and individuals throughout the Republic of Kenya and East African Countries including; Uganda, Tanzania,Rwanda and Burundi.
Debt collection is an area where absolute honesty and financial discipline of the collector is of utmost importance. We at Lolwe Auctioneers assure you that all your accounts placed with us will be handled with the highest standards of integrity. Effectiveness and efficiency in the collection process are our most honoured virtues. We labour to ensure our clients’ expectations are met at all times.
Lolwe Auctioneers Debt collectors double as licensed Auctioneers as well as Court Process servers in Kenya. We have a lot of experience in this field since we are qualified accountants and former credit controllers as well as debt collectors in various companies in Kenya.
Fees for Debt Collection
In debt collection, we charge commissions on contingency basis. You only pay us out of the monies we successfully recover for you from the debtor.
Procedure in Debt Collection Services
Although most clients may have already written for payment, a letter from a professional third party i.e. ourselves does carry a lot of extra weight and a good percentage of debtors will respond. They appreciate that the warnings are no longer an idle threat. Our strong worded and firm collection letters are sent by fax, e-mail as well as personal deliveries to maximize their effect.
Our team of experienced negotiators will also phone your debtors at key times of the day or evening to pin down decision makers and cheque signatories who may have avoided you in the past. We also make personal visits to the debtors’ premises to maximize the collection efforts. We visit premises throughout the Republic of Kenya, both commercial and residential.
We boast the privilege of having successfully collected debts for both local and international companies as well as individuals, some of which we have continued to work for over 20 years.