Debt Collection in UAE has become a highly demanding need for the sake of a company’s reputation. Debt Collection is a process to pursue the unpaid invoice or debt. There are too many risks for unpaid debt and according to the UAE law, there is a system of punishment. And if this happens, it certainly harms the business.
Why to contact us?
Debt collection is a lengthy process and a costly one too. There are some private agencies who can work for Debt Collection in UAE and there are some govt. authorized organizations too, to meet this need. We are a leading Debt Collection Agency in Dubai, Abu Dhabi, Sharjah, Fujairah, Ajman, Ras al-Khaimah and Umm al-Qaiwain.
Why do we differ?
- We believe in amicable solution. Our philosophy is to mitigate the extra cost and time of the customers in retrieving their outstanding debts.
- Inadequate collection process normally results in a defective way causing some disputed cases. Our services include the process of negotiation, management, consolidation and settlement in an amicable way.
- BDC (Bin Eid Debt Collection) provides you a one stop solution for collecting your due amount and managing the cash flow.
For delinquent issues where the amicable settlement is not possible, we can proceed with further criminal and civil actions in the legal way to get the most effective result.
What do we serve?
- Invoice Management
This service primarily deals with an invoice management system, to provide timely reminders about the outstanding debts and dates. If the party fails to meet his obligation with regard to payment, we will pursue payment through our Hard Collection Services.
- Debt Collection.
This is to retrieve the delinquent amounts from Debtors after the due date of payment is passed. We initially try to negotiate with the debtor in an amicable way of settlement, but if it fails, we can proceed through more formal channels to take legal action against the debtor for the recovery of the outstanding debts.
- Skip Tracing
Our expert team undertakes some responsive action to trace out the skipped / absconded defaulters inside and outside UAE with the help of our database and overseas affiliated organizations.
- Legal Services
When the negotiation process ends with no results our legal department would take care to recover the outstanding dues through litigation process of all stages.
Our UAE Law Firm, Bin Eid Advocates & Legal Consultants offers Debt Collection Services in Dubai and all emirates of UAE for all types of debts. Whether it is loan recovery or credit card payment, our expert team of lawyers and debt collectors provides best and cost effective solution without affecting liquidity flow and company’s reputation. We also provide specialized services for Bounced Cheque Recovery. We have more than 15 years of experience in Debt Collection UAE and we can provide you a comprehensive solution for all your legal requirements.