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 |