1st Step: Meet with us
In order to fully understand your current circumstances and what attempts you have made to recover your debt in the past we need to meet and discuss. The initial meeting is merely meant to work as a way for us to get a feel of what direction we can take and if you are fine with it. It also helps us understand the relationship you have with the debtor. The more we know the more it helps us in recovering debt by assigning the right agency to the job. Once we have agreed on a recovery plan, just sign an agreement authorizing the agency to handle the recovery on your behalf.
2nd Step: Recovering the debt
The recovery phase often starts with a phone call to the debtor. The call is like an introduction, just to let them know that the case is now in the hands of professionals. Often time debtors do not expect that a professional like the ones banks use would be taking care of recovery on your behalf. Many times a couple of calls is all that is needed to get your money back. However, if that does not work we then escalate our debt recovery efforts to a personal appearance. At this point 80% of debtors will pay, since we not only appear in person but also apply psychological pressure.
3rd Step: Leveraging the law
Saudi Arabia has some of the best debt recovery laws and the legal system is very swift. This is why if the above two methods do not work, or work partially we can then escalate matters by taking the person or business to court. However, this is done only after consulting with you. We have some of the best lawyers who will prepare your case so that a legal notice can be sent to initialize the proceedings.
Step 4: The final step
Debt recovery can at times be difficult. However, the above methods have been proven to work. So, the 4th step is when the debtor pays up. We then pay you via cheque or bank transfer minus our pre-agreed charges.
ARE YOU HAVING ANY PROBLEMS BUT CAN’T CONSULT TO ANYONE?