Dept Gard Follow Up and Collection | Your Trusted Debt Recovery Partner in Qatar

Negotiation and Settlement

Initiating Negotiations: Initiating a friendly discussion with the debtor to understand the outstanding amounts and reasons for any delays or financial difficulties.
Identifying Settlement Options: Determining suitable settlement plans based on the debtor's financial circumstances, including installments or reducing the total amount.
Reaching an Agreement: Attempting to reach a final agreement that meets the needs of both the debtor and maintains financial credibility for the creditor.
Documenting the Agreement: Preparing and signing a settlement document that clearly outlines the repayment terms and obligations for each party.
Monitoring the Settlement: Providing ongoing support and monitoring to ensure the debtor adheres to the settlement terms and repays the agreed-upon amounts.

These processes ensure effective management of settlement operations with debtors.