Debt Settlement Service Providers

Debt Settlement is also called Debt Resolution or Debt Management. Debt is a financial responsibility, which has to be paid or balanced by the DEBTOR. This responsibility lies on the DEBTOR towards many entities e.g. Banks, Financial Institutions, Individuals, Loans, Profits, and Investment Capitals.

If the commitment is not met then the Creditor has the right to take legal action. Therefore, Debt needs debt management and settlement. When Debtors are unable to pay outstanding debts then creditors find the solution for the recovery and that solution is Debt Collection or Debt Recovery services. Debt Settlement can be of different types as follows;

• Personal Loans with Banks
• Credit Card with Banks
• Business Profit distribution between partners
• Profit issues between investors and the company
• Different Corporate

Debt Collection or Debt Recovery is a process where Debt is recovered from the debtors. Debt Collection Agencies or Law Firms do offer recovery services. This is also called as Debt Collection Process or Recovery Process. For Banks, they have their own collection departments, which have the liability to recover the debts. It is also called as First Party Debt Collection/Recovery process.

When companies have recovery departments inside the company then such a phenomenon is called as First Party Debt Collection service providers. If outsourced services are acquired or third-party services are hired, then such companies are called as Third-Party Service Providers.

Third Party collection services are the services, where a third party is hired. These third-party service companies, are specialized companies and have a separate corporate identity. Previously the Debt Collection Agency concept was quite popular but now a professional Law Firm deals with all the financial disputes. It makes Law Firm concept the popular and more effective.

These Law Firms do have the proper staff, dedicated departments and experts to manage collection services. If the debt recovery activity is not settled amicably then Law Firm also entertains offering legal services. Therefore, Law Firm concept works better than conventional concepts where debt collection and legal services both are offered professionally.

We do offer the Debt Collection or Debt Recovery services for any kind of outstanding debts in UAE. We have a dedicated team and a separate department where experienced Debt Collectors and Lawyers do help the creditors (individuals and companies) to recover the debts as soon as possible. We are capable of delivering the settlement services as well as legal services. Legal Services or civil/commercial cases are the last solution of any financial dispute. Professional Law Firms and Lawyers will always prefer to resolve the disputes amicably first. But if the Debt Settlement is not possible outside the court due to any reason then same Law Firm must be having the expert staff and experience, to finish this matter in Court. Debt Consolidation is a little separate subject, it should not be mixed up with settlement or recovery.

Court Services are to be handled by professional lawyers. Therefore while choosing the Law Firms, the service seeker must keep in mind that, the legal company must be complete with all the required resources and capabilities. Our Law Firm and the team is a distinguished legal company and professionals, capable of handling complicated legal cases in UAE.