Instalment Monitoring

Where Judgment is made and the debtor ordered to re-pay their debt via a series of monthly instalments, LRC offer a unique Monitoring Solution, designed to take the burden of monitoring these monthly re-payments away from you and your busy accounts department.

LRC will monitor the re-payments on your behalf, with all details attaining to the debt accessible by you at any time via our Online Debt Recovery System. You can monitor payments made for all your debtors and easily print management reports to show collection statistics (or ask us to provide them for you).

Should the debtor default on payments, or stop making them at all, LRC will act accordingly to re-instigate payment, or contact you with other solutions to recover the debt (perhaps via the Enforcement procedures?)

This is a great solution to Clients who are happy to recover their debt, but don’t have the time to manage payment via instalments from the debtor on a weekly or monthly basis. And if things go wrong and the debtor stops paying, rest assured your LRC Account Manager will immediately put procedures in place to secure payment from the debtor as soon as possible.

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Removes the burden of monitoring payments from your accounts department
LRC will take immediate action should a debtor miss a payment or fail to pay at all
Monitor case progress via our FREE Online Debt Recovery System

See Instalment Monitoring fees