In Zimbabwe, debt collectors act as third parties who work for creditors. Their job involves recovering money owed to businesses. By law, only attorneys can collect debts professionally and charge fees based on what they recover. The legal system allows three categories of people to collect debts: directors or officers from companies, members of partnerships acting for their partners, and legal practitioners.
Businesses struggle when customers fail to pay what they owe. Cash flow problems harm operations, making debt recovery crucial. Credit control departments need clear guidelines about when to bring in professional help. Most experts agree that the perfect time comes right when a debt becomes payable, not months later.
No official...