What is a professional debt collection agency?
A debt collection agency is defined as a business which collects debts on behalf of a creditor from its debtor. The collection agencies receive past due accounts from various creditors who can not collect themselves economically. Debt collection agencies are the most efficient and cost effective way of recovering bad debt.
Why should I use your services to collect my receivables?
TDC specializes in recovering overdue payments from defaulted customers and offer a full range of services customized to its client’s special needs. Hiring the services of a dedicated debt collection agency like ours offers many advantages including less of accounts receivables and overheads and more of cash flow and increased production. By letting tahseel collect your debts you will have more time to focus on your business. You would like your money to be recovered with minimum cost and hassle without jeopardizing your reputation in the market. Here, TDC provides debt collection solutions in the most professional manner, ensuring both timely and effective recovery.
Why will my debtors pay you, if they have not paid me?
Debtors often pay us even if they never have cooperated with you, mainly because collection agencies such as TDC increases the psychological anxiety associated with a debt. Our professional collectors make your debtors realize that you are serious about collecting your money.
Can I add the collection fees to the debt amount I am owed?
You can charge the collection fees to your debtor if you have a signed contract. If not, our collection fee is a pre-agreed percentage of the debt amount that we will recover on your behalf.
How quickly can you collect my money?
Claims are entered within the first 24 hours and the first collection notice is mailed immediately thereafter. This notice is followed up with SMS, phone calls and additional letters. Some debts are collected in the first week, while others may longer. There are also skips: debtors who dispute the debt and debtors who are simply uncooperative, in which case it may take longer recovery time. The age of the debt, the amount, the location and jurisdiction of the debtor also has a lot of importance in the fast recovery of debt. On average, we collect most of the payments within the first 180 days
Do you take cases to court?
Yes, but only with your authorization. There are additional fees for pursuing a law suit that are usually provided in advance. These fees are collected 50% in advance and the balance after judgment is passed and the debt is collected.
Can I check my account online?
TDC provides an on-line service for those clients whose collection requires that they have immediate access to updated information and afterward they can provide us with their feedback. Once on-line, you can access your account at any time, anywhere in the world.
When do I get my money once it is collected?
All money collected on your behalf is remitted to you within 48 hours and within a week for Skip Tracing cases.
What is your success rate?
TDC has managed to achieve an extremely high success rate including completion of assignments where others have failed. TDC success can be attributed to some of our inherent operations policies that rank among the best in the world. We understand the values of both time and money, and thus jam tangan rolex work smarter, not longer. All functions and procedures within our workflow are seamlessly integrated within each other, allowing us to achieve continuous improvement of the quality of collection services, to the highest standards.