8 Recovery Methods
Our recovery processes involve a combination of customized responses to fortify your claim and maximize recovery potential.
1. Correspondence Recovery
Correspondences are issued in accordance with the progress of recovery, and designed to suit each permutation of yours debtors' profile and responses. This also serves to put on record any proposals and evidence towards recovery.
2. Tele-Recovery
C8’s Contact Center generates frequent calls to maintain connection and pressure with your debtors, and
to monitor and expedite the recovery process.
3. Field Recovery
C8’s recovery personnel are trained in handling defaulters’ responses, negotiating amicable settlements and maintaining presence of your claim. This core process adds psychological pressure on the debtors to respond.
4. Tracing & Searches (Initial & Advanced)
If your debtors cannot be located, our research resources and network can assist to track and locate
defaulters to support the recovery process.
5. Legal Supervision & Support
The recovery process is legally supervised throughout. This ensures that all legal options are considered and possibly used while simultaneously maintaining legitimate proactive recovery. Legal supervision also ensures
that your legal case is improved, and not prejudiced.
6. *Legal Demands (Pre-Court)
During specific stages, relevant Legal Letters of Demand and possibly Insolvency notices are issued by practicing Solicitors.
7. *Legal Recovery (Court)
Whether as a last resort or strategic concurrent approach, C8 can refer your claims to our panel of commercial litigation Solicitors to file Court actions, apply for and enforce Judgments.
8. Credit Reporting
C8 also facilitates credit reporting of qualified debts to a credit bureau. This may affect the credit standing of
your debtors (and its directors) if they apply for financing or credit terms from other informed suppliers. The debtor's response towards this may take sometime but effective.
*You have liberty to appoint Solicitors of your choice at all times.
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