NCCOS Debt Recovery ProcessThe Initial Stage, Advance Recovery Stage, Enforcement Stage
Learn more about how NCCOS can help you refine your debt management and recovery options:
When allocation of accounts is received by Operation's department, profiling is done of accounts. After review of credentials the team will consult the Collection Officers to work out the best possible strategy for debt recovery.
The recovery methods shall be specific to your requirements and keeping in view your continual of business with your debtors and other specifications of your case, this process is carefully done.
A simple telephone call, to your debtor, for the sake of debt recovery is made at this early stage. However, if your debtor is out of reach, then the process of tracing your debtor initiates. We will undergo a free search to locate your debtor to further proceed in Debt Collection Process.
If the debt collection is not completed by stage 1, we enter in stage 2 and send out a DEMAND LETTER to your debtor for debt recovery.
You will be updated about each and every step in detail. Our Collection Officers will consult with you and our Operations team to come up with an effective strategy for your debt recovery. The idea of updating is a proper discussion with you regarding where your case stands at the specific moment.
This will ensure the speedy progress in debt collection as well as your precious input and individual perspective is properly received by us. Your feedback is priceless. The extended level stage is simply another effort of contacting your debtor to proceed in Debt Recovery.
If your debts are not recovered by stage 2, in stage 3 the NCCOS team will investigate the whole matter and would be visiting your debtor’s business location or would trace his whereabouts and may visit the debtor.
Usually, the debt is collected by stage 2, after the demand letter. However, in stage 3 the team makes sure that your debtor clears the outstanding debt. All this is carried out in a professional and amicable business manner.
NCCOS offer skip following administrations by capitalizing on constrained accessible data and finding hard to discover indebted individuals in any piece of the world through our worldwide systems administration experts. Skip-following is the way toward finding people. As it identifies with accumulations and records receivable administration, skip-following is the way toward finding indebted individuals whose contact data is not any more exact. It can run the array from checking telephone directories the distance to looking through a gigantic measure of freely and secretly accessible data. Frequently, organizations need to buy access to this data, or contract a gathering office that as of now approaches as a feature of their administrations.