A debt collection agency is defined as a business which collects debts on behalf of a creditor from its debtor. The collection agencies receive past due accounts from various creditors who cannot collect themselves economically. Debt collection agencies are the most efficient and cost effective way of recovering bad debt.
The company collection solutions The company specializes in collecting outstanding and late payments from defaulting debtors and provides a full range of debt collection services in accordance with the needs of its customers. Using the services of a specialized debt collection company such as ours brings many advantages, such as outsourcing the collection of doubtful and bad debts to a specialized entity. Not burdening your budget by paying the salaries of debt collectors. Save on overhead costs and increase cash flow. What’s more. By entrusting us with your debt collection, you’ll have more time to run your business.
You also want to collect your debts with as little cost and hassle as possible. without affecting your reputation in the market. That’s where Collection solutions which provides and implements debt collection solutions according to the highest professional standards. in a way that ensures fast and efficient collection.
Our specialized staff studies all the documents related to the debt, and our cumulative experience in the field encourages the debtor to pay their obligations by providing effective and practical solutions.
Our specialized staff studies all the documents related to the debt and through our cumulative experience in this field, and our deep knowledge of the legal and practical mechanisms, our staff devise the best settlement solutions to convince the debtor.
and our deep knowledge of the legal and practical mechanisms, our employees devise the best settlement solutions and convince the debtor to abide by them until the debt is paid in full.
In case the debtor is stubborn, we draw his attention to the legal consequences of not cooperating with us, which we are trained to use.
We work to collect most of your money faster and at much lower costs than if you did it yourself.
We follow several negotiation, field, legal and enforcement procedures within our specialized departments and use the latest communication technologies, starting with the initial procedures such as finding the debtor’s address.
direct contact with the debtor.
Sending legal warnings and field visits by our lawyers, to litigation through the courts and the implementation of their decisions.
We make every effort to settle the debt amicably without having to initiate legal proceedings.
If these efforts are unsuccessful.
we can initiate legal proceedings after obtaining your consent.
We accept all debt collection files, whether from banks, companies or individuals.
of all ages and sizes.
Before starting work, our employees study all the documents and documents that prove the eligibility of the debt and review the procedures taken before assigning the file to us.
The principle of the company “ collection solutions “We don’t charge unless we collect your debt.” This is to prevent our clients from incurring additional fees beyond what they would otherwise incur.
This is to prevent our clients from incurring additional fees beyond those stipulated in our agreement.
Our firm is known for providing the best solutions at the lowest costs.
Our clients report that our fees are much lower than those of law firms and the results of our services are more effective and faster.
The fees for Collection Solutions according to the type of services provided, which varies according to the creditor and debtor, debt documents, type, age, size, payment mechanisms, the type of follow-up inside or outside the Kingdom, and the needs of using legal procedures.
Once you receive the debt, you must pay the fees according to the terms of the agreement with Collection Solutions
As soon as we receive your files, the follow-up team studies them, develops a work plan, assigns them to the competent team as needed, and sets a quick and accurate timetable for follow-up and implementation, starting from notifying the debtor of the receipt of the file until the desired purpose is achieved.
The quality follow-up department periodically checks the speed and efficiency of the work.
Some debts are collected within a week, while others can take up to a year.
There are also debtors who have fled outside the Kingdom, others who have objections to the debt and others who do not want to cooperate.
others have objections to the debt and others don’t want to cooperate.
In these cases, the case takes longer.
The age of the debt, the size of the debt, the location of the debtor and the jurisdiction of the debtor also play an important role in how quickly the debt can be collected.
Debtors often flee the Kingdom.
“Fugitive tracing” therefore involves a series of actions aimed at finding contact information for the debtor, such as his current address or the address of the guarantor of the debt.
The decision was made with your full participation.
When we fail to settle a debt amicably.
our specialists recommend initiating litigation proceedings if we believe it will yield a profitable and positive outcome.
It is worth noting that Collection solutions It receives support in this regard from sister law firms and legal consultancies.
Through its team of knowledgeable and qualified lawyers and legal experts, it studies the feasibility of any legal action as a last resort.
and provides any necessary legal assistance when needed.
Yes, based on legal authorization.
Taking into account the additional fees for following up on the case.
These fees are paid at a rate to be agreed upon in advance and after the judgment is issued and the debt is collected.
We offer different types of periodic reports on workflow. The progress of your cases can also be viewed online.
Company provides Collection Solutions provides an online service for customers to see the latest updates and collection results.
The method of dealing with the debtor varies according to the age of the debt, the size of the debt, the procedures taken and the creditor’s recommendation. As debt collectors, we always consider the potential for future business relationships and take a professional and legal approach in dealing with your clients to collect payments. We guarantee that we provide an ethical and professional service at all times.T
The age of the debt plays an important role in how quickly it is collected. If the debt is old and/or dealing with the debtor requires additional effort. If the debt is poorly documented, this can prolong the collection process. If the information you provide is outdated and your claim is also outdated and has not been handled appropriately, our work will be more difficult
Collections Solutions has had a very high success rate and has been able to accomplish tasks that others have been unable to do. Achieve’s success can be attributed to some of our ingrained labor policies that rank among the finest in the world. We value time and money, so we work smarter, not longer. All the tasks and actions in our workflow are seamlessly integrated with each other. This allows us to continuously improve the quality of our collection services.
Over the years, we have developed relationships that allow us to collect our clients’ debts faster than anyone else. We always host experts and consultants in the debt collection industry to get their perspectives and recommendations. We also provide our employees with regular in-house training. In addition to intensive training to deal with specific situations. We also form strategic alliances with external partners and lawyers to handle cases of absconding debtors