Looking for a Mercantile Agent to help you out with immediate or projected needs? There are so many of them out there, but short of endorsing this particular entity, let me just say this, you may find it worth your while to check this out. However, first, what exactly is a Mercantile Agent? Often called "debt collector", this is the business of specializing in the recovery of debts that are overdue. The staff have been trained in collection procedures as well as legal procedures. Unlike popular thinking, an agent does not resort to frightening off individuals via destroying an arm or a leg, that may be so in Hollywood movies, but not in actual life. They use skills and knowledge to legally get payments for their clientele.
Having said that, this particular Mercantile Agent I will be speaking of is such an entity, no, they do not destroy limbs of errant borrowers, they belong to the professional side of the fence. They starte in 1998 at Hervey Bay, and the name of the company is David Frost & Associates. They have patrons from all over Queensland plus the interstate territories.
Two years ago, Faye Whiffin joined the camp as one of the partners, and the services expanded. The Credit Management solution which the entity is known for was born.
They have the following charges, and this is a standard set within the industry: the commission, the legal fees, and the search fees. Since you most likely know what the first two are, the third, let me explain a bit. It is an out-of-pocket expense, these are for matters like searching for business name, land title or company.
Services, now this is what you should know if ever you are thinking of becoming a Mercantile Agent anytime soon. Credit management consultancy involves credit applications, credit policies and recommendations on dealing with debtors.
Credit Management Outsourcing: a lot of business entities do not have the finances to have a full-time Credit Manager, as such, David Frost & Associates is able to give Credit Manegement expertise, and the rate would be based on actual time and not 'whole person'.
Ledger Management: meaning, the company would shoulder the hated but crucial collection calls. Of course, debt recovery, this would include legal maneuvers and following up. We are not yet done, we have Process Serving, Repossessions and field calls- this means the speedy service of the paperworks (legal) for Hervey Bay, Bundaberg, and Maryborough. If it's outside these territories, the company will see to it that special arrangements could be done.
As a closure to this article, here is one tip that they themselves give on their site: bear in mind always that credit is not a right, it's a privilege. Make sure that you know the customer's complete address and residence number before any credit extension.
