Debt Collection is the process of recovering money owed, traditionally due to non-payment of debt or default on loans. The term potentially refers to collection activities by either the original issuer (a lender) or, in some cases, a third party for which the responsibility has been outsourced. Debt collectors act as agents to collect debts for creditors, including banks and credit card companies. They work with both consumers and commercial clients.
The UAE's debt collection laws are based on sharia principles where debtors are given time to repay their debts before the creditor starts legal proceedings against them. In this article we will discuss about Dubai debt collection law and what a debtor can do if a creditor has filed a lawsuit against them without giving them time to repay their debts.
We conduct this procedure professionally and technically and use diverse strategies to demand payments on the creditor’s behalf. We act as a bridge between creditors and the debtor’s company. Apart from that, we follow pre and post-legal actions for instant debt collection Dubai.
Our main objective is to provide cost-effective procedures to save money. For this, we work on the “No Win No Fee” strategy. According to this, if you are unable to get your dues back or you have canceled the further proceedings of the case due to any reason then we will not charge you our service fee. We vouch for in-house private visits and establish customized payment plans depending upon your situation.
We have effective and fast Dubai debt recovery approaches as we do not want you to suffer more. Our strategies for collecting debts are highly effective and tend to provide desirable results. We want you to get cost-effective and time-saving procedures. Henceforth, we have trained associates in our agencies who are capable to manage various debt cases.
Debt Collection In Dubai
Legal Consultancy and Support for Debt Collection
Legal experts from our associate debt collection agencies are providing services across the globe as they are well-aware of different civilizations and commandments of each area. Also, we provide debt services for our business clients and aim to maintain their cash flows cordially. We offer customized services for debt collection Dubai to meet the concerns of our valuable clients.
We help you to get out of this situation and carry out all procedures from amicable settlement to judicial recovery. We provide a platform where associate lawyers will legally collect your debt from the debtors. We offer services for both commercial and consumer debt collection. As each of you has a different history therefore, we provide custom-made services.
How does debt collection work?
Debt collectors from our law firm act as middlemen. Debt Collectors operate as a legal attorney to resolve recovery issues through amicable and judicial settlements. Our professionals collect customers’ unpaid debts. However, the debts should not be older than the specified time. The creditor will be charged for legal services depending upon the amount the debt recovered as it is used for calculating the lawyers’ fees.
Why debt Collection
Debt collection is significant especially when the company or a business owner wants to recovery money and improve the cash flow. If the amount is too large, it would be hard for the company to pay off its necessary obligations. This can reduce the net profits and the stock levels of the company. Our customized debt collection strategies will help you to claim overdue payments.
What is debt collection
Debt collection is a legit way to collecting the money owed on delinquent accounts. Our debt collectors are hired by companies, business owners, and individuals as well. These companies or individuals are the ones whose money is owed by the debtors. We take the responsibility to recover your amount under the legal umbrella.
Debt collection Charges
Our debt collection services are unlike others; we don’t work on fixed amounts. Our lawyers work on a percentage-based for each case. Our payment rule is “NO WIN NO FEE”. It is because the person or firm already pursuing an amount can’t make a budget facing critical financial condition. After recovering the client’s overdue payments back, they are ought to give the agreed percentage of the amount to the legal entity.
General Issues :
Faster & Risk Free Debt Recovery
Debt collectors have tools and resources
Shift Focus on Other Important Matters
Family Law Issues :
Debt Collectors Charge for Their Services.
Client Relations Could Be Affected.
there’s a fee to pay
You may not be a priority
Commercial Debt Collection Services
Commercial debt collection in dubai which is also known as Business to Business debt collection includes genuine and pre-legal engagements. We generate amended payment tactics depending upon your position. We are concerned about your repute and relation with other corporations. You can hire our experts for debt recovery Dubai as they will take care of your concerns legitimately.
Debtors are also given subsidy in some extreme cases with proper justification of non-payment. However, if they are not successful in providing proper justification then proper actions are taken against them. Bankruptcy law provides essential provisions for UAE inhabitants. Our associations have proper knowledge about the law.
Moreover, we provide liquidation of funds and settle the financial obligation of clients if necessary. This law is for an ordinary person who has no trade or budget. It targets to improve economic solidity and speed up progression in the UAE. It provides rearranging of debts and makes available ease for debtors who are incapable to pay their debts due to economic failure.
International Debt Collection Management
While doing trade with your international business partner you come across different policies of the business. Moreover, every client has different civilizations and commandments that those you are used to. Language is also another contest you face while working with them. Therefore, hiring a debt collector from GDC will assist you in case you come across unpaid invoices.
We perform skip tracking which involves finding the escaped defaulter in case of any issue. Debt recovery success is consummate by focusing on negotiation, fidelity, and the intellectual capacity of individual and commercial circumstances. This method helps us to achieve positive aftermaths whilst protecting your image in debt recovery Dubai issues.
Our debt collection experts in dubai are experienced and have a high success rate in the past. We make sure that both nonpayers and creditors are taken care of in handling debt cases. Hence, we start the case proceeding in a way that paybacks you the most. Besides, we also offer a “no win no fee” plan in case of unproductive resolutions.
Reputed Debt Recovery Services
Our debt collection dubai associates have an authorized right for recuperating debt from the clients. We tend to provide bespoke recovery amenities grounded on the client’s situation. We organize your management provisions, ensuring the speedy recovery of debts. Our main concern is customer gratification. We link the accurate contexts of the outstanding debts with the top-notch lawful individuals.
We have a proficient team in doing investigation and finding exact legal terms associated with your matter of Dubai debt recovery. Our services are commissioned and affordable for each client. We will take care of your concerns and provide the best possible Outcomes.