what is Debt Recovery?
Debt recovery is important because it is directly correlated to your credit score. If you are being contacted by a debt recovery service, it means there is a record that you have defaulted on a loan and currently have delinquencies. These delinquencies get reported to the credit bureaus, damaging your credit score, which can potentially hurt any future loan opportunities.
There are several steps in the debt recovery process and it is important to know what to expect when you are contacted by a debt recovery agent. In fact, because financial debt can be a sticky situation, legislation has been established to guide the debt recovery process and ensure that consumers are protected from harassing debt recovery practices.
We will support you with the implementation process: starting from the tax treatment to handling direct payments, take backs in special cases you deem necessary and finally to winning your customers back.
Customer’s experience is our highest priority
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