March 28 2022

Debt recovery in the UAE

Debt recovery in the UAE – If you are in the UAE and you have an old debt with an outstanding balance, or you have missed payments, you will look for everything about debt collection in the UAE.

At first, you should think about relying on a group of professionals, such as our team at Legal Group.

That’s why we will talk about ways to collect debts in the UAE, and the services we provide to our customers in this field, to recover your money owed.

What is debt recovery in the UAE

Debt recovery is the legal process by which companies and law firms such as Legal Group attempt to collect overdue debts.

This process includes a variety of debts, such as medical debt and auto loan debt. Along with personal loan debt, credit card debt, and finally student loan debt, utility bills and unpaid phone bills.

When do you need to use debt recovery services?

Companies, especially commercial agencies deal with many clients or customers who have financial transactions with the company.

So,they pay money to use the services or products of that financial company or organization, including banks.

Financial problems begin to appear, when a customer defaults on debts, loans, or money in general.

business owners face complications to collect their outstanding debts, due to one or more of the following reasons:

The customer/client does not respond to your calls or messages
You are not aware of the laws applicable in this field and the rights and duties you are entitled to
seeking help from exploitative people, and you will end up losing more money.

What do we offer to our clients in Legal Group for debt recovery?

We realize that at the center of every business is their customer base, so we hope to serve and show you how to collect more of the money that is owed to you, pleasantly and efficiently.

We build strong client relationships through QUALITY, EXCELLENT SERVICE, SUPERIOR TECHNOLOGY, and SUCCESS in exceptional debt collection rate scaling from 95%-98% of 80% corporate private sector.

Our Office complements a strong global orientation with a thorough understanding of the UAE law and environment so that you get the best service in the way you deserve.

And we deal with two types of cases:

If you are a debtor: We offer our services to any debtor who is under pressure or threat from the creditor. As if you are going through difficult circumstances that prevent you from paying your debt.

You can also use our team to negotiate with the creditor, and reach a joint solution that satisfies both parties. Such as reducing expenses or money in general.

If you are a creditor: Debt collection services are there primarily, to help you get your money back. Whether it is the result of buying and selling or trading in general, or as a result of personal or public loans.

At Legal Group, we help you find the best ways to communicate with the debtor and get your money back in a smooth, comfortable and legal way.

The steps we follow in the Legal Group for debt recovery

As we mentioned in the previous paragraphs, there are a set of procedures that we follow with our clients in the Legal Group to collect the outstanding debts.

1- Follow the diplomatic method

We start in this method with both the debtor and the creditor, which includes a set of steps such as reminding the dates of repayment of debts and the various amounts.

2- Difficult collection case

We try this method when the other party does not respond, to pay the money on time. After negotiating in amicable ways, we will by recognized conduct take legal action, in accordance with the prevailing laws of the UAE for debt recovery.

3- Locating the defaulters

Our team at Legal Group works to locate the defaulters, whether they are outside or inside the UAE.

4- litigation procedures

This stage comes after previous attempts failed to achieve the desired results, so we go through the litigation process to get your money back.