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Collecting Bad Debt The Easy Way
By taking product in lieu of cash from a cash-poor or bankrupt customer, Ormita members can virtually eliminate a business loss that would otherwise be unavoidable.
The merchandise or product obtained can on-sold via Ormita, leaving your organization with credit to spend on items or services that would normally have been paid for with cash.
Working With Ormita To Collect The Debt
In some instances Ormita may accept products directly from your debtor and pay you the full value in credits without the need for any product handling or onward sales.
In these instances, Ormita will collect the product and resell it through our network of merchants while crediting you at 100% of the retail market value of the items collected.
For Those Difficult Situations
Ormita has lawyers, debt collection services and paralegals within its membership who can help business members recover their receivables.
Subject to customer meeting minimum trading volumes per month.
If you are looking to recover a bad debt please apply here