The Strategic Way to Recover Payments in UAE
June 22nd, 2020 by admin
Recovering debt through a debt collection agency has become important in various businesses. The companies prefer hiring a debt collection agency either their debtor is not paying money or is refusing to pay. Moreover, debt collection Dubai agencies help them to avoid bad debts as they are trained and have knowledge about UAE jurisdiction.
So if you are also facing debts issues then hire debtors instead of working on your own. Their strategies and professional experience will help you in achieving desirable outcomes.
Implicit Negotiation Plan for Dubai debt recovery
Following tips are considered whilst communicating with a debtor:
- The debtor should be informed about debt liabilities
- Before the negotiation, a legal notice is sent to the debtor which claims overdue payments by the creditor.
- The debtor can ask for proof and once you receive proof start negotiations
- The debtor should provide a genuine reason to settle the debt
- 5. The offers to settle debt should be Realistic
- You many offer installment procedure
- Make a counteroffer
- Write the agreed terms for the record
Creditor’s Requisite for Debt Recovery
To help you in Dubai debt recovery, our debt collection agency will require the following documents from creditor:
- Debt agreement
- Give proof of your connection with the debtor
- Verification of your order
- Invoice Copies
- Evidence of your shipment
Our “No win no fee” Plan
If you did not achieve desirable results then we will not charge you our service fee. This is according to our “No Win No Fee” rule. Our main aim is to save you money therefore, we will try every level to resolve your debt recovery case.
Wrapping up the Context
Dubai debt recovery is often challenging to handle. You should be vigilant about things happening around you. A debt collection agency can only help you if you hire them otherwise your debt may be written as bad debt. No matter if you are in Ajman, Abu Dhabi, or Sharjah our associates have notable strategies in dealing with your debts.
If you have further interrogations, contact our law firm we will guide you in every way.
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