SETTLEMENT AND DEBT RECOVERY OF LOCAL, INTERNATIONAL DEFAULT FINANCIAL CLAIMS

Given our vast experience in handling the overdue receivables or default claims of domestic and international companies, we always work with timelines as well as strategic implementation of acceptable norms to yield desired results. Our priority is to get settlements of any claims to our client on time and amicably without compromising on professionalism and ethics, which ensure future business relationships between clients and debtors.

Our experienced team has the advantage of dealing with debtors more effectively and judging debtor’s behaviour more accurately. Our debt collection services cover a wide spectrum of individual and business clients, including huge local and international industrial and commercial entities.

Years of research have given us the advantage of studying the reasons for debtors making payment. This on going research is applied in our collection procedure based on behavioural, psychological and encouragement criteria and changing statistical models. The benefit is that it not only leads to the fastest possible route to payment, but also the highest eventual success. Research on behaviour in relation to type of action is on-going.

There is no single generic procedure to collect debts. Instead, debtors are profiled and approached intelligently according to their particular circumstances as they arise, ensuring that the fastest method of extracting payment is followed. Debtors under debt rescue, counselling, administration, sequestration and liquidation are also managed on behalf of our clients.

Our experienced debt collection team are ample with vast knowledge of the local culture, applicable laws and best debt recovery practices which equip them with the necessary portfolio and mechanism to recovery, reach settlement, reach a payment plan, outright payment of outstanding amount for our clients.

BAIT ALNOOR DEBTS RECOVERY AND CONSULTANTS SERVICES INCLUDES::

Commercial debt collection

Legal and insolvency services

We have extensive experience of both corporate and individual insolvency actions. Our expertise in this legal field means we can instigate insolvency proceedings immediately, once we have concluded that our collection efforts have been exhausted.

Unlike most debt collection agencies, we also retain a panel of highly regarded Lawyers, solicitors and insolvency practitioners, meaning we can offer almost instantly professional and effective solutions to your litigation and enforcement needs. Solutions that dovetail seamlessly with our core debt recovery services.

Trace and investigation

Tracing and investigating absconding debtors is one of the major strengths of our business. Alongside our highly experienced investigation professionals and information databases, we have invested in state-of-the-art information technology systems to trace debtors through their footprint using offline and online tools.

From commercial tracing to ‘gone away’ missing people, we can locate and re-establish contact to pave the way for further debt collection activity. All our trace and investigation activity are conducted professionally and compliant with the Data Protection Act 45 of 2021 and Al Etihad Credit Bureau Code of Practice.

Asset tracking

As part of establishing a complete financial profile of debtors, we can compile the net assets of individuals or businesses. A full asset report on the debtor gives our clients the ability to make strategically informed decisions on how best to proceed.

Going beyond electronic and database research, our services can include discreet site visits by our field agents to establish viable valuation estimates of premises, equipment, and business activity. Working at both pre-contract and post-debt stages of business, our asset tracking and credit check services offer a complete financial picture of your customers and their business.

International Debt collections

To provide our clients with a truly global service, we have strategic partnerships with overseas Legal firms, agents. Wherever your debtor is in the world, we can reach them through our network of trusted partners. Please note, international rates vary due to geographic, political, and legislative differences.

International debt collection is one of our strong suites as we have recorded huge success in this aspect over the years.