A written acknowledgement of debt is an important document. It confirms a debtor’s indebtedness and also provides for repayment terms. If the creditor subsequently needs to institute legal proceedings, this document will be critical.
This credit pack is a full pack of all relevant documents that you need in relation to the management of a debtors book. It includes a fully compliant credit app, AOD, suretyships, guarantees and various other important documents.
With the introduction of the National Credit Act, 2008 and the Protection of Personal Information Act, 2012 (amongst other regulatory matters) it is critical for most businesses to undertake a review or update of their current credit application forms. This document is compliant with the current legislative framework. It is designed for businesses operating as transporters.