SECOND STEP: THE RECOVERY PHASE

November 29th, 2015 by admin

The first step to recovering debt is to call up the debtor. The debt collection agency assigned your case will call up the debtor to brief them about the fact that the case is now with professionals. The first few follow ups are done over the phone which is then followed up by a physical visit until the debt is paid off. Usually, debtors will pay up knowing that they are dealing with professionals. However, if despite the collection agencies best efforts, the debt is not recovered the case can then be escalated to a lawsuit.

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