1.Registration
  • Register/ Login by filling in basic details like name, email, mobile, business PAN and nature.
  • Report a Default for free i.e. without any Subscription.
  • Subscribe to avail of premium services like searching for a Company’s credit worthiness, adding customers to watchlist and access to debt collection tools.
  • Free Trial available for 30 days for premium services.
2.Report a default

How to report a default?

  • Search for the business name against whom default needs to be registered. Search can be made with any of the following criteria:
    • Business Name
    • Person Name
    • CIN
    • DIN
    • PAN
    • Mobile number
  • In case details of the Company are not available on the website, you can add new business by giving basic details of the business.
  • Report the default by filling up the details like amount outstanding and by uploading the supporting documents supporting your claim.

What happens next on reporting a default?

  • On reporting a default, an email and text alert goes to the Debtor with an opportunity to defend or make payment within 21 days with 2 subsequent reminders.
  • The Debtor can either ‘Agree to Pay’ or ‘Add Response’ against the claim. All correspondences on this default is visible both on Reporters and Debtors Dashboard and also email and text alerts are sent for the same to both the parties.
  • In case Debtor has Agreed to Pay, but not settled the dues within the prescribed time, the Reporter can update the status to confirm reporting of Default.
  • On Debtor failing to make the payment within 21 days, the claim will be confirmed as a Default on Debtors Watch website. Information in this relation will be sent to Reporter, Debtor and other members of Debtors Watch monitoring this customer. Any member searching for this Debtor will be able to see the details of this default.
3.Check Credit Worthiness
  • After Subscribing to Debtors Watch, a member can check the credit worthiness of any business, by searching for the business. Search can be made with any of the following criteria:
    • Business Name
    • Person Name
    • CIN
    • DIN
    • PAN
    • Mobile number
  • Subscribed member can also add its customers / vendors to its watch list, to get alerted of any adverse reporting against them.
  • Debtors Watch also monitors and alerts its members of any past civil and criminal court cases against the businesses added in their watch list.
4.Access to Debt Collection Tools
  • On Subscription, Members are provided with Debtors Watch Logo via email (also available on their Dashboard after Logging in). The logo can be used by the Members on their invoices, if they wish so, to alert their customers that delayed or non-payment can result into the case being listed as Default in the Debtors Watch Database.
  • Members will also have access to payment reminder letters and facilitation in serving legal notices to the customers for non-payment.