Experiencing payment delays
Debt Collection
COLLECTION SERVICES
Debt collection in Dubai, UAE
UAE's Debt Collection service is highly sought-after by companies in order to protect their reputation and assets. The process of recovering unpaid invoices and bounced cheques can be long and daunting, but with our experienced debt collectors, we can help you negotiate, settle, and recover the amount owed to you in a cordial way. We understand that debt can be a sensitive issue, so we handle it with care and professionalism. With our help, you can avoid letting your debts turn into bad debts.
Claim Collection
We understand the importance of maintaining positive business relationships with our clients. That's why, for all B2B or B2C and vice versa claims against debtors, we work to recover your claims in a way that is professional and legal. Our team is dedicated to getting you the full amount you're owed while also preserving the business relationship between you and the debtor.
Receivables/trade collection
If businesses outside of any jurisdiction find themselves in a situation where they are unable to recover receivables from their customers, we provide services to help them get the money they are owed. In our debt collection agency, our expert trade collectors know how trade deals work and how to recover receivables. We can also take the matter to court and provide all the legal assistance you need. With our global access, we can trace and approach debtors on your behalf. Through our debt recovery agency, we act professionally and with great responsibility. We can help collect debts for any of the following reasons without fear of losing business reputation or relationships.
Unpaid invoices
This is a serious issue for businesses and freelancers, because it can be critical for profits and also takes up the valuable time of claimants who have to follow up. It gets worse when debtors stop attending calls or responding to any emails.
Bounced cheques
A bounced cheque, also known as a "dishonored" or "bad" cheque, can occur in individual or commercial transactions. These transactions may include, but are not limited to, renting property, making purchases, or loan payments to banks or other lenders.
Breach of contract
When a party under a contract fails without a legal excuse to abide by all or part of the promised and agreed contract, it will be considered breaching a contract. This may include payment against service as per the terms defined in the contract.
B2C
Business-to-consumer collections (B2C) are debts owed by individuals to businesses, including hospital bills, government debt, insurance, and loans. In contrast, business-to-business collections (B2B) involve two business entities and require a more sophisticated approach due to the business relationship.
B2B
The process of recovering B2C debts can be daunting and prolonged, requiring negotiation, supervision, alliance, and cordial settlement to collect the due amount and manage cash flow. Similarly, collecting B2B debts can be difficult due to the business relationship and may require different tactics for successful recovery.
DUBAI DEBT RECOVERY FACILITIES SERVICES
Credit check
Credit reporting has been gaining a lot of importance. When it comes to securing a loan or requesting any kind of financial assistance, it's essential to screen the applicant through a credit check. Not only can we provide you with the credit reporting of your clients, but we can also assess it through our legal and expert knowledge to help you understand the risk involved in giving them a loan. We can also assist businesses and individuals in providing expert opinion to analyze their credit score and identify ways to improve it.
Background Check
We know how important it is to screen potential employees and tenants thoroughly, which is why we offer credit and background checks as part of our services. Our team will investigate an individual's criminal history and character, providing you with a report that will help you make informed decisions and avoid any potential risks.
Drafting Review
We understand the challenges creditors face when trying to collect debt from debtors. Our team has extensive experience in drafting services for credit agreements and credit facility letters, which will help protect our clients' legal claims in case of any breaches. We make sure to form a solid legal document or review an existing one so that it will serve its purpose and protect our client's interests.
COLLECTION SERVICES
Soft service
This is a primary soft service designed to provide timely reminders about outstanding debts. It can be initiated when the other party fails to meet payment deadlines. If they don't respond, we'll pursue them through hard collection services.
Skip tracking
Our team is experts at locating skipped/absconded defaulters inside and outside of the UAE and taking appropriate action. We are resourceful in tracing debtors with the help of our database and overseas affiliated organizations.
Hard service
After the due date of payment has passed, the debtor's account may revert to 'Hard Collection' status in order to retrieve the unpaid amounts. Our debt collectors will take legal action against the debtor for the recovery of unresolved bad debts through recognized manners.
Legal services
If the reconciliation process fails to produce any positive results, our legal department will take care of the bad debt recovery through litigation.
WHEN TO HIRE A DEBT COLLECTOR LAWYER
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Not receiving any formal reply from the debtor
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Negative indications from the market
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Never wait for things to get out of control
If you're experiencing any of the situations mentioned above, it's suggested to hire a Dubai Debt Recovery Agent or receivable collection agent. The receivable collection services are proficient and have the expertise to deal with financial issues in a way that will be most beneficial for you and your company. They will also help you make secure decisions when it comes to your money.
BENEFITS OF DEBT COLLECTION SERVICES ASSISTANCE FROM HHS LAWYERS & LEGAL CONSULTANTS
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Our network of skilled individuals for global debt recovery utilizes the latest tools and technologies to find and contact debtors in all four corners of the world. We will trace the debtor’s data and consistently correspond with them through written and verbal means.
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Our debt recovery Dubai agency can deal with the issue proficiently and professionally as we are experts in how to deal with debt defaulters. With our assistance, you can save your time, cash and resources to invest in your business and more important things.
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We are aware of avoiding needless extra & legal charges to recoup unpaid invoices.
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The chances of getting the money you're owed will increase when you involve professional receivable collection services in the process. Most debtors don't want to get into legal trouble, so our pre-trial work is very efficient.
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We send a claim to the debtor, make calls to their office, and meet with them to try and settle the matter without going to court.
