Know The Role Of Debt Collection Firms In Debt Recovery!
In order to collect debts on behalf of businesses,聽debt management companies聽were established in Dubai. These companies make an effort to recover by taking legal or cooperative amicable debt collecting action. Regarding the legislation, AW聽Holding provides integrated strategic solutions that use AW聽Holding Legal debt settlement to uphold the company鈥檚 rights.
聽Process of debt collection services:
路 When a case is opened for debt collection, our CRM receives it within two working days.
路 A skip tracing expert will be tasked with finding the debtor to get further information.
路 The debtor will get an initial demand letter through email, and calls will be made to him to advise him of the debt, who we are, and what we stand for.
路 Field visits will be conducted for cases costing more than 100,000 AED within 10 days of the case being assigned. For instances under 100,000 AED, it will be done based on the case report and as necessary.
路 Within 15 days of the case being approved, the first report is updated and will be delivered to the customer. By meeting with the debtors and presenting a plan of action to settle the debt, professional negotiation and representation will be made.
路 To give the debtor the idea that the matter has been escalated to a higher level, a separate senior collector must conduct a second field visit in cases of violated promises.聽
路 With the client's consent, we send the debtor legal notice in our final pre-legal collection effort if they refuse to cooperate in paying the amount.
路 In the event that more promises are violated, our attorneys will assess the supporting documentation, the case history, and the overall scenario.
路 If the case has a solid foundation, we will advise our client to pursue legal debt collection (LDC) in order to reduce the risks.
Debt settlement聽programs聽are carried out by debt collection companies like AW Holding聽with their clients. We assist them in eliminating their debt and instruct them on effective debt management practices. We have been in this business for 25 years and have helped many businesses in the UAE. We are aware of聽international debt collection, settlement, and collection efforts. Contact us 聽now if you want to benefit from our services as others have.