Debt Collection: A guide to recovering payments

We will try to understand the process for debt collection in Dubai which is very is essential for running businesses successfully. To recover the outstanding payments while maintaining compliance is the top priority of a debt collector. Debt collector can be a lawyer too. We personally believe that debt collectors must be lawyers because, if the matter goes to court then these legal experts can also take up the matter in civil court. Sometimes if needed the criminal cases can also be opened.   

Understanding Debt Collection 

Debt collection means to perform a process of recovering the unpaid debts which has to be paid, by individuals or businesses to creditors. When debtor is not paying to creditor, then it means, he is not paying intentionally or unintentionally. This way a creditor has to hire the debt collection experts, obviously from a Law Firm. Search Law Firms in Dubai and find the debt collection services inside. Dubai Law Firms are known as full service law firms. 

Professional Debt Collection Agencies or Law Firms

Professional debt collection agency concept is quite old. As we stated above that nowadays, law firms do offer, the collection services and litigation. The service is all over the UAE. These law firms provide support to creditors, to recover the debts through debt recovery services. The debt recovery services are under mediation services by the way. If it is failed, then same legal experts can also take this to court. Once it goes to court then required legal action can be taken which can be a civil case or criminal case. 

The Methodologies 

Let’s discuss few methodologies here step by step:

  1. It starts with debt collection process where communication process is started in the beginning. Debt collection experts do contact the debtors. They can contact them through emails, letters, phone calls, and personal visits. Demand notices or legal notices can also be served. 
  2. It is observed that when a collection company or a law firm chases the debtor then he prefers to settle the matter. When they prefer to settle the matter, then the matter is settled but with the final consent of creditor. Final closing needs the confirmation of client. 
  3. Settlement agreements are made and both parties have to send the agreement. This way the matter is closed amicably. 



Location: United Arab Emirates

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