Mercantile Enquiry against the Debtor
Professional Collections are able to conduct enquiries on a debtor’s file which will be visible to other Mercantile Agents and Credit Providers when they apply for credit. Once an enquiry is made on the debtor file it will show other financial credit providers and Mercantile Agents that we have an interest in a debt.
Furthermore, a Mercantile Enquiry can impact a potential lenders “decision making” on whether or not to provide the debtor credit. The debtor’s credit profile will list Professional Collections Mercantile Enquiry, which will be held on the debtor’s file for a period of 5 years.