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Tempest Recovery Process

Tempest Recovery Process

Tempest Recovery Process Debt collection is hard going. People can simply ignore texts, reminders, emails and call and the debt can slip into 60, 90, 180 days overdue. Once a debt gets that old it adds further complications. Debtors could have moved, changed numbers...
How to sell a debt to Tempest

How to sell a debt to Tempest

How to sell a debt to Tempest   Customer not paying? – your options   When your customers don’t pay you have several options including: Writing off the debt and walking away Engaging lawyers to commencement enforcement proceedings to collect the debt, or engaging...
How to avoid bad debts in the first place?

How to avoid bad debts in the first place?

How to avoid bad debts in the first place? Tempest is in part a debt-buying firm. We buy old/hard to collect debt either outright or on a recovery split deal. But how do you avoid bad debts in the first place? These 6 tips will go some way to reducing the risk of bad...
Lifecycle of bad debts

Lifecycle of bad debts

Lifecycle of bad debts This is a timeline / lifecycle of bad debts that we see at Tempest. The work has been done, payment is due and now the debtor tries everything to get out of their obligation.Bad debts refers to the amount that cannot be recovered from the...
Unlocking Lost Debts

Unlocking Lost Debts

Unlocking Lost Debts We buy old debts, even debts that our clients have written off, and often succeed in making a satisfactory recovery. How? Well, there is some magic behind unlocking lost and old debts, what we do but it isn’t difficult magic to understand.  ...