Notice:

What is Commercial Debt Recovery?

Creditfax is strictly a commercial credit bureau and debt recovery agency. We do not recover debts from individuals. Commercial Debt recovery is a process carried out by a commercial creditor to obtain an unpaid invoice from a debtor company.

How do we collect from your delinquent accounts?

When subscribed, clients can use our 10-FINAL NOTICE service to make a formal final demand on their customer. Failing payment, on the 10th day, the claim is automatically opened and worked on by a debt recovery agent. Creditfax has over 27 years of experience in debt recovery and uses a team of expert and legal tactics to obtain payments voluntarily from your customers. In the instance where the debtors refuse to cooperate and pay, our legal service team can advise if further action would be cost-effective, ensuring that your claim is recovered with minimal costs and satisfactory results.

How do we Communicate with Creditfax regarding our Accounts?

Communication with you is the key to our success. Our website’s online customer portal communicates with you by e-mail, all new developments, prompting you sign-in and review and reply. Once signed in, you can communicate interactively with your debt recovery agent through the debt recovery account summary screen. You can review the payment history or your accounts as well as review all future post-dated cheque payments. Through the website you can upload documents, send and receive notes as well as maintain and/or modify your client profile.

How we work

Four simple steps to get your past-due accounts paid texthere

04 Steps

1
01. Registration
A member account is required to access our services. Registering an account is quick and easy. No payment is required to register as a member and place an account for debt recovery.
Start now
2
02. Place your Account.
Once registered, you can start placing your customers into debt recovery. Using our website’s online customer portal you can provide us your customers information as well as attach all required documents (such as a statement, invoices or personal guarantees) to the debt recovery request. We use a simple and straightforward process of entering the details of the debt.
3
03. Watch us work!
Our interactive online portal exclusive to Creditfax allows you communicate with your debt recovery agent in real-time. Relevant notes and updates on your claim are available 24-7 for your convenience. Any new or urgent information in your claim is highlighted and e-mailed to you promptly, inviting you to review the note and reply. Communication between Creditfax and you, our Client, is key to ensuring accounts are recovered quickly.
4
04. Remittances
Creditfax remits funds once a month on the 15trh of each month. Funds remitted on the 15th of the current month are for all funds received in the previous month. Example – Remittance statements from February 15th will include all monies received from Jan 1 to Jan 31. We will mail you a detailed invoice or remittance statement with a cheque once an account is resolved. Creditfax’s remittance invoices are detailed allowing you to account for all payments effectively.
Book appointment

It will be a pleasure to serve you.