What is a Mercantile Enquiry?
A mercantile enquiry is a permanent mark left on a company’s credit file when a mercantile agent (such as a debt collection agency with a Mercantile Agent Licence) views it. To future creditors a mercantile enquiry suggests that a business has encountered debt issues in the past.
It’s important to note a mercantile enquiry is not a black mark or default as no information about the debt is listed, but informs future creditors that a debt collector has looked at their credit file.
Lodge your mercantile enquiry
Fill out the form below and we’ll send you a quote. The cost per enquiry starts at $110
Debtor is sent a formal letter
We send a formal notification letter to the debtor who then has 14 days to resolve the debt.
Mercantile enquiry is enforced
If the debt remains unpaid a permanent mercantile enquiry is left on the debtors credit file.
Benefits of a Mercantile Enquiry
Encourage Debt Payment
A mercantile credit enquiry encourages debtors to pay outstanding invoices within 14 days, before a permanent record is left on their credit file.
Prevent debtor from causing issues.
If a permanent mercantile enquiry is left on a company’s credit file, future creditors are more likely to be wary of extending credit to them.
Fees schedule for mercantile enquiries
|Debt Value||Letter Fee||Mercantile Enquiry Fee|
|$0 - $2,500||$100 + GST||$66.00|
|$2,501 - $5,000||$150 + GST||$66.00|
|$5,001 - $7,500||$180 + GST||$66.00|
|$7,501 - $10,000||$200 + GST||$66.00|
|$10,001 - $15,000||$250 + GST||$66.00|
|$15,001 +||$300 + GST||$66.00|