OVERVIEW
Case study- Suppose a client fails to verify the debtor’s documents and you cannot find your debtor because all the paperwork and documents your third party submitted were not legal. Also, the website that the third party mentioned turned out to be a forgery.
What can you do now?
It is always suggested to get all the documents verified before lending someone your goods or services on credit. Precaution is better than cure, Moneyguard helps their client to complete the verification process from one end to another to avoid scams. We not only help in the verification of documents but also all employees and salespeople working on the same project. Website verification is also advised by the experts of our team. This process saves your debtors to turn into bad debt and also saves our clients from getting into a big controversy or scam. Moneyguard ensures to take up verifications such as
1. Business Address Verification
2. Residential Address Verification
3. PAN Verification
4. Personal Interview/ Field Verification
5. Business License/Registration Verification
6. Evaluation of Financial Statements available in Public Domain
7. Trade Reference Checking
8. Personal Reference Checking
9. Review of Credit Bureau Report
10. Review of Data available in Public Domain
11. Net Research
*NOTE* Review of Financial Profile and General Profile of the Applicant will be processed through Information Form and Personal Interview. Which is how you can prevent your debtors from becoming bad debts.