Collection Types
Soft Collection
Legal Collection
Hard Collection
Soft collection is the simplest and the most efficient way to recover an expired debt. The aim of soft collection is to evade collection through legal proceedings, which is disadvantageous for all parties involved, especially for the debtor. Methods used by Collectivity Debt Collection (CDC):
- Phone communication, Mail and negotiations or visiting the debtor at his/her home or in the office.
- Use of psychological and convincing methods on the debtor, with the help of image and reputation of our client and Collectivity Debt Collection (CDC).
- Skip tracing -identification of debtor’s contact data (address, phone number, e-mail, etc).
- Collectivity Debt Collection (CDC) recommends creditors to use our extrajudicial collection services as soon as an expired debt turns up. The shorter is period outstanding, the easier it is to recover the debt at lower expenses.
Legal collection is Debt recovery through court action is the most efficient method when working with debtors, who refuse to pay their debts, The purpose Legal collection is to coordinate with our affiliate (MMALF) to force the debtors to pay their debts by law force. Methods used by Collectivity Debt Collection (CDC):
- Debt recovery through court action is the most efficient method when working with debtors, who refuse to repay the debt amicably.
- The aim of legal debt recovery is to obtain writ of execution and to force a non-paying debtor to pay his debt through court action.
- Support, offered by Collectivity Debt Collection (Supported by MMALF), and includes the representation of client’s (creditor’s) interests at examination of claim in judicial instances up until obtainment of writ of execution.
In case when debtor delays or refuses to execute court decision, we recommend opting for the support of Collectivity Debt Collection (Supported by MMALF) professionals. Support, offered by Collectivity Debt Collection (CDC) to its clients at the stage of hard Collection, includes the following activities:
- Launching of the enforcement procedure.
- Mediation of dispute at debtor s home/office.
- Efficient collaboration with licensed enforcement agents.
