DEBT RECOVERY

4.7

155 - Reviews

DEBT RECOVERY

165 People purchased

DEBT RECOVERY

4.7 (155 - Reviews)

165 People purchased

How It Works

Understand the service & proceed for booking
Provide basic details and proceed for payment
After payment completion, We will call you to discuss the requirement
Your service will be delivered within agreed turnaround time
Understand the service & proceed for booking
Provide basic details and proceed for payment
After payment completion, We will call you to discuss the requirement
Your service will be delivered within agreed turnaround time

DEBT RECOVERY

Debt recovery is directly correlated with your credit score. If you are being contacted for a debt recovery, that simply means that you have defaulted on a loan and currently have controversies. 
 

Terminology:

  • Debtor: Person who is obliged to pay back money that was borrowed by him.
  • Creditor: person who has extended credit with an agreement that the money loaned will be paid back
  • Third party collector: person or service that is contracted to collect debts for a creditor
     

Debt Recovery Process:

  • Shall contact via phone in an attempt to arrange payment for the outstanding balance to release the payment.
  • If the debtor does not resolve the debt, debt collection service shall  update the client with details to forward the claim.
  • The forwarded claim shall be signed by the client and sent to the lawyers for legal action. 
  • If the client allows the legal action and agrees to file suit, it is prepared and filed. 
  • If the debtor files a response, the process begins and a trial date is fixed.  If the debtor does not respond within stipulated time a default judgement is filed by the lawyers.
  • If a judgement is awarded in the client’s favour, lawyers will file a Writ of Attachment, an attempt to locate debtor’s assets shall be conducted, and initiate the steps to satisfy the judgement .
     

How Lead India Can Help You?

Trustworthy & Confidential:

We assure you that all your personal details & documents will be kept private. We never share these details with anyone.

Expert Advice:

With the help of top-rated corporate lawyers and contract drafting lawyers you will find drafting of contracts convenient.

Zero Stress:

You do not have to worry about preparation of draft and other paperwork & documents. Our Associates will perform all these procedures smoothly.

Top Quality Lawyers:

Lead India will help you to choose among the best contract drafting lawyers for drafting your contracts. There are different associates who work with us, you can choose a lawyer depending upon their practice area, experience & user rating.

Track Your Case:

We provide you the opportunity to track your cases from the online dashboard. You can easily track your application or document status, payment status, etc.

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