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Debt Recovery

Suffering from the menace of debts?
Are they threatening to turn into bad debts?
Do you feel incapable of recovering money you have lent?


If these are the problems you are facing, then debt recovery can be the solution. Given the busy work schedules, it is difficult for people to repay debts individually. The creditor will have to nag the debtor almost incessantly. Being a financial matter, the debtor is not ready to give in easily. The creditor will also have to resort to legal aid for debt recovery

Unlike other financial products that deal principally with helping the debtor to repay the debts, debt recovery views things from the creditor’s point of view. Not being able to recover debts will seriously hamper the finances of the lender. Through debt recovery, Easy-Debt-Consolidations ensures that individuals and business are able to recover the amount lent without hassles and within the least possible time.

Debt recovery help from Easy-Debt-Consolidations saves you the effort that you would have to put into recovering the debts. Thus, you can concentrate on your core business while the credit is managed by Easy-Debt-Consolidations.

Debt recovery works in the following manner:

  • First Telephone request:
    The debtor is asked to promptly settle the debt through a telephone request.

  • Debt Demand Letter:
    The debtor is sent a letter mentioning the details of the debts.

  • Second Telephone request:
    The debtor is again requested to make the debt payment promptly.

  • Solicitor’s Letter:
    If the third step fails to get a positive result then a solicitor is engaged in order to run the proceedings of debt recovery.

  • Courts/ legal action:
    If this also fails then the matter is sent to court for a solution.

Most debt recovery cases are invariably solved at the fourth stage only. Entertaining courts for debt recovery can be costly because various fees have to be paid, though these amounts are eligible to be recovered from the debtor. Besides, courts or legal action for debt recovery may be long-winded, thus increasing the problems of the creditor.

Easy-Debt-Consolidation tries to solve most of the debt recovery cases without having to resort to going to court. Since the cost of the debt recovery will have to be borne by the creditor himself, Easy-Debt-Consolidations will recover debts mostly by conciliation. The experts represent the creditor at the negotiating table during the conciliation process. Debtor consent to any arrangement for debt recovery will be necessary.

Fill up the form below to debt recovery.


 
 

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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A
MORTGAGE OR ANY OTHER DEBT SECURED ON IT
A fee between 0% and 10% of the loan may be charged on some plans
depending on credit history and ability to prove income.
Example: Loan of £15,000: 120 monthly repayments of £204.66, 10.4%APR variable
Typical APR 11.4% Variable or Fixed for the first 5 years :: Rates from 8.4% APR variable to 17.9% APR variable