Debt Collection and Recovery
Debt collection in saudi arabia
debt collection saudi arabia – Our firm is proud to be one of Saudi Arabia’s leading Collection law firms, recognized for uncompromising services and handling scores of collection matters.
What the whole world is experiencing now due to the economic crises that multiple countries are going through has been the main factor in the occurrence of the so-called accumulated debt, which is the result of large supplies, whether of products or services, and therefore the greatest challenge faced by commercial entities in general, whether a company or an institution, is to collect their funds.
In this current economy, collections have become an increasing challenge for business corporations of all types. Many establishments face difficulties collecting past due accounts and do not know where to turn when a customer or debtor refuses to pay. However, our Law Firm can help clients collect the monies for which they have legal rights. Our decades of experience in legal practice allow us to utilize effective debt collection strategies while remaining within the confines of the law.
Why We stand differently from the collection agencies
- debt collection saudi arabia - In many debt claim cases they do not succeed in Courts due to lack of substantial documents available for the Judge to prove the debt existed. Documents without signatures, stamps or authentication are not accepted by the court and make the collection process even weaker. As a law firm we are well aware of these circumstances, and as such during paralegal (out of court collection) process, if the debtor refuses to cooperate, we engage our lawyers to negotiate and allow the debtor to sign any commitment by way of a settlement agreement or letter. Such documents become authenticated and legally enforceable in court, making the changeless debt a recoverable debt.
- We will work with the proper legal module and request the client to issue a power of attorney in our favor to represent them legally to the debtor which will trigger the debtor so that legal action can be imposed on him. Our strategy helps clients in reducing expenses and protracted legal battles.
- For credit insurance companies, we provide legal opinion with reasonable fees on the merits of a claim in recovering the insured amount paid by the insurance company from the Debtors. That what make us the best debt collectors
debt recovery collection agency
Our specialized team in debt collection
- Many institutions face difficulties in collecting debts that have existed for a long period of time without being settled, and they do not know who to resort to if the client or debtor refuses to pay their dues, so we formed an impeccable team that does not settle for less than the amounts in question when dealing with many collection issues, especially in the current economic situation, as they are able to collect debts with the legal capacity and tools that enables them to recover debts in all forms and types using effective debt collection strategies within the limits and framework of the law.
debt collection agency in saudi arabia
Our specialized team in debt collection
- We have a different method of debt collection through the out-of-court settlement method before going to the courts to collect that debt, and during debt collection we make field visits, send legal warnings and negotiate on behalf of our client. That what make us The best debt collection agency
- We have succeeded in converting bad and non-performing debts into recoverable debts by concluding debt settlement agreements with debtors, giving opportunities for bad debts to be collected legally