Receivables management at the pre-litigation stage

Our debt collection services include comprehensive activities aimed at recovering the outstanding amounts. Debt collection at pre-litigation stage also comprises activities to obtain the debtor’s current address, to locate his/her property and to make the debtor acknowledge the debt. The service is provided with respect to receivables at all stages of delinquency.

Each receivables portfolio submitted for servicing is analysed and such analysis serves as a basis for a unique collection strategy. The strategy at a given stage of debt collection depends on the type of the debt. ULTIMO may also modify the account collection process to accommodate the specific requirements of the Client.

After the scope of reporting has been agreed between the parties, ULTIMO will report on its activities at each stage of debt collection, in the format and at the frequency agreed with the Client.

BENEFITS

improved financial liquidity
better allocation of the Client’s human resources is made possible
fixed costs can be converted into variable costs, depending on the effectiveness of our debt collection efforts

ACTIVITIES

the debtor is contacted via mail, telephone, fax, text and voice messages
personal visits
background checks
collection of cash directly from the debtor
taking over the collateral offered for the loans
conclusion of agreements and accepting of payment commitments aimed at interrupting the limitation period