The creditors have right to talk to the debtor, a person who has to pay in order to recover his money once the limit provided is finished. If the debtor does not pay or respond, then the creditor has to call the debt collection agency to recover his financial amount from the debtor. There are many debt collection dubai services who are confident in recovering the amount from the debtor.
The debt collectors are not allowed in the UAE, but you will need to hire an international debt collector to recover your money. Those debt collectors charge a percentage of the recovered amount as their fees, once they have recovered the amount. Basically, the international debt collection dubai agencies work in Dubai because local people in Dubai cannot work as debt collectors.
Track record:
Most of the debt collection agencies have a good track record that brings them more clients. Some of them have started entertaining the international market. The debt collectors use different strategies for every debtor. It depends upon the financial status of the debtor and the amount that he owes to the creditor.
Initial conversations
The debt collection process deals with the initial phone calls and emails sent to the debtors. If there is no response, then the debt collectors plan a meeting with the debtor and talk to him about the finance in person. A personal meeting is more effective than, emails and phone calls. This is called a meet-up or a visit in this process.
The process is complicated for those who have no market knowledge and this is even not easy for those who have a good market knowledge. One has to be very much patient and very much careful while talking to debtors. His impatient and unnecessary behaviour will provide him with a reason to become furious.
If the debtor does not meet the debt collectors, then, they are sent the legal notice from the court. Therefore, a wise debtor will try to resolve the case outside the court.
Law Firms:
There are also many Law Firms in Dubai, Abu Dhabi and Sharjah who are having a separate Debt Collection Department. A separate Department with separate experts to accomplish market recovery tasks.
