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,the seizing of goods and chattels,property where a debt is overdue, and a term of the contract allows.
Zuma Collections provides clients with decision useful credit scorecards that help reduce default incidences at inception.It starts due to non-payment of goods or services or any number of other conditions. We offer an end to end capability purposely targeted at both Financial and Non-Institutions that require strategic advise on collections, trace and asset investigation and litigation.A process that is used to help individual debtors with debt settlement through education, budgeting and the use of a variety of tools with the goal to reduce and ultimately eliminate debt.
We acquire distressed, defaulted debts or past dues receivables and by so doing release to our clients valuable capital and liquidity.Is a financial obligation incurred during the construction, improvement, or purchase of a primary or secondary residence. A home mortgage loan is an example of acquisition debt. The Internal Revenue Service (IRS) provides certain tax advantages for home acquisition debt.Acquisition debt is money that is borrowed in order to purchase a company or asset. A leveraged buyout (LBO) is a method of acquiring a company with money.