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Sophisticated tools help track defaulters
“However, in the digital era where debt collectors are required to search, trace and track down defaulters with a full understanding of their net worth, credit-worthiness and behaviours, sophisticated online tools remove some of the burden on collection agents, giving them access to personal, company and property information. This will help to ensure that defaulters are not able to escape their repayment responsibilities,” says Greg Brown, director Data Services at LexisNexis South Africa.
“As a leading online solution, Lexis WinDeed enables users to access key information sources, including the Deeds Office, CIPC, TransUnion, Experian, TPN and other Credit Bureaus, the Office of the Surveyor General as well as Property Valuation Reports, from the comfort of the office or even the home,” says Brown.
Features and searches that are useful to debt collection agents include:
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Contact information enables collection agents to find a person’s home address, home and work telephone numbers using only their name and identity number. TransUnion Trace provides a flexible tracing solution allowing access to search parameters using ID number, date of birth or phone numbers, while Trace Enquiry provides key contact information for finding an individual, using name, ID number, date of birth or phone number.
Exclusive features include WinDeed Personal Alerts and WinDeed Company Alerts. WinDeed Personal Alerts continually monitors key credit information and activity by TransUnion, property ownership at the Deeds Office and CIPC directorship; while WinDeed Company Alerts allows you to monitor a specific company or director at CIPC.
“Against a backdrop of an economic downturn, poor spending habits and retrenchments – the burden on collection agents in modern-day South Africa has been lessened with the provision of this integrated search platform,” Brown concludes.
For more information, visit: https://www.lexisnexis.co.za/lexiswindeed.
References:
¹https://www.resbank.co.za/Lists/News%20and%20Publications/Attachments/9148/01Full%20Quarterly%20Bulletin%20%E2%80%93%20March%202019.pdf
²P0441 – Gross Domestic Product (GDP), 1st Quarter 2019
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