1. Consultation
With any debt collection matter, we will start by carefully listening to you about your situation. We consider the nature of the debt and will then give you options as to how to best legally recover the funds owing. This will often depend on a number of factors including but not limited to the size, location and nature of the debtor.
2. Letter of Demand
Generally the first point of contact between our debt collection services and the debtor is with a letter of demand. This letter outlines exactly how much is owed and gives the borrower information on how to make the payment.
3. Phone contact
Our debt collectors may make phone contact in addition to the letter of demand. This gives the case a sense of urgency and encourages fast action.
4. Legal Proceedings, Creditor’s Statutory Demand of Payment of Debt, Liquidation, Bankruptcy
The above tools are all part of the arsenal we can draw on as part of our debt recovery services. Different recovery methods are used for different types of debtors and at different times. Our goal is to get maximum leverage on the debtor.
5. Settlement of the debt
Part of our finesse is finishing the matter carefully. Our debt collectors have a very unique way of forcefully encouraging a settlement with a debtor who wants to settle the debt (or they will be forced to face the issue via legal process), which will generally better secure your position and recover your legal costs.
