“Indebtedness within the Ghanaian market poses a severe challenge to lenders and businesses trying to grow their investment portfolios. Many business organizations are indebted, and thus growth is restricted as more profits will go to settling debts. Most growth is also hindered because they have lent out money to others who have not settled and thus halting investment and growth in their businesses.”
WHAT IS DEBT RECOVERY
Debt Recovery means collecting overdue debt from defaulters. This is usually done through third parties (Debt Recovery Agencies) who provide debt recovery services to companies or individuals.
HOW COMPANIES/ ORGANIZATION/INDIVIDUALS END UP IN DEBT
• Natural Disaster
• Unnecessary expenses/ too much expenses than the company’s or individual’s income
• Poor financial Management System
• Poor credit control system
HOW CAPITAL FACTORS COMES IN TO RECOVER THE DEBT
Capital Factors and Debt Management (CFDM) as a debt Collecting/Recovery company comes in as a third party to collect unpaid debt from your customer/debtors with a professional approach which helps to recover almost 90% of debt whilst keeping the relationship between you and your customer intact.
We come in to do the recovery for you whilst you focus on your business which saves time and also cost effective.
Our approach include; meeting with the debtor to know why he/she has not paid the debt. We counsel them on why they should not be in debt and guide them in paying their debt.
David Yaw Danquah, Esq. Legal stone Solicitors LLP