Structuring your credits in the market requires strategic and tailored solutions. At RAALC, we take the time to assess the risk ratio and conduct thorough due diligence of your documents and debtors to ensure successful debt collection. As one of the best debt collection agencies in Dubai, RAALC specializes in Debt Restructuring through discussions and negotiations with creditors both in the UAE and abroad to establish a structured reimbursement plan and avoid potential legal action by creditors. RAALC creates a blueprint for the potential scenarios that may arise due to the debts.
We initiate our scope by responding to the demand/request letters and notices from the company creditors and negotiate. RAALC evaluates behaviour and analyses the industry position. We effectuate talks and bargaining leading to an amicable settlement way of communications and negotiations with the creditors.
RAALC directs a structured process to reach the best offer suited to you. RAALC intends to secure and safeguard your rights and avoiding any pitfalls that may arise in the future. RAALC assures that your greatest benefits are kept up and the commercial collaboration isn’t vulnerable. At the same time, to protect your standing in the market.
We ensure that your operations comply with UAE laws and regulations and facilitate smooth debt recovery. We can assist with any of these scenarios, and more!
RAALC has a comprehensive checklist for the documents that must keep in handy to facilitate your legal action.
Understanding whether your debtor is operated, determining the validity of their trade license is an important step to assess the course of action
You’ve reached a settlement with your debtor, but you don’t want to repeat this lengthy process if they default again.
We suggest the most suitable course of action depending on your unique facts and circumstances, risk assessment and object of debt.
Our dedicated, assigned team executes the determined course of action and keeps you informed at every step
Due diligence basically means, reasonably investigating and assessing the most appropriate course of action that would ensure the safety of a business. By conducting due diligence, you ensure that you are well versed with the background of the contracting party, its structure, financial health, legal history and so on. Overlooking those could potentially cause impediments in the future. Think of it this way, the aim of a business is to achieve long-term development. Therefore, as a business owner, would you want to take a risk and execute a transaction on a whim? Or would you take a moment to research the party and conduct a detailed risk ratio analysis to determine whether it is or isn’t advantageous to enter into such a transaction?
In keeping with safeguarding the contractual interest of both parties and comfort of transaction, a negotiator ensures to maintain confidentiality of the terms of the agreement, unless otherwise required to be disclosed by law. Further, experts ensure that the terms of the negotiation/settlement do not breach any laws, rules or regulations of the jurisdiction. The discussion must also be ethical and maintain the ideal of professionalism.
Upon successful conclusion of the negotiation, the terms discussed are recorded in writing and executed through a settlement agreement by both parties. Having the terms written down and agreed upon serves as concrete evidence in court, in the event that the defaulting party fails to adhere to the terms of settlement.
Sometimes, despite the best efforts of both parties, an amicable settlement cannot be reached. In such cases, we are fully prepared to represent you in court. We will take whatever steps are necessary to protect your rights and to help you obtain the best possible outcome.
Depending on the object of debt, our experts can suggest:
Our debt collection agency in Dubai have the expertise and resources to devise methods for quick recovery of your debts. We deliver smart solutions, that ease your trouble. With our support, debt recovery will never be a cause for concern to you. From our partnership, you save time and recover assets that can be invested in more profitable ventures for your business.
Head of Litigation and Founder
Head of Corporate Practice and founder
Head of Pleading Department
Head of Execution & Debt Collection
Digital Marketing Specialist
Senior Legal Consultant
Ask yourself this; have you honoured your contractual obligation? have you served an invoice to the customer? Have you sent multiple reminders for payment? Have they refused to answer or you cant contact them anymore?
If the answer to these questions, is yes. You should appoint us for your debt recovery needs.
Business debt recovery is the process of recovering unpaid debts from individuals or companies that owe your business money. It can be a challenging and time-consuming process, but it is an important part of maintaining the financial health of your business. A professional debt recovery service can help you effectively recover unpaid debts and get your business back on track.
There are several reasons why you should choose RAALC for recovering your business debts in Dubai.
Experience: We have over 30 years of experience working with businesses to recover unpaid debts. Our team is equipped with knowledge and skills in techniques and strategies that are effective in collecting debts.
Compliance: We are fully compliant with all relevant laws and regulations. This means that we conduct ourselves ethically and professionally in all of our debt collection efforts.
Results: We are result oriented, we provide our clients an initial risk ratio assessment to advise them appropriately whether the debt is worthy of collection or not. This approach ensures a high success rate, and we have helped many businesses recover significant amounts of unpaid debt. We are committed to helping you get the money that is rightfully owed to your business.
Customised approach: We understand that every business is unique and has its own specific challenges. As legal partners, we work alongside you to develop a customised debt collection plan that meets your specific goals and needs.
Overall, choosing our business debt collection agency in Dubai will give you peace of mind knowing that your unpaid debts are being handled by professionals with a proven track record of success.
Every debt has unique challenges, there are no straitjacket solutions for every debt. We suggest getting on a quick 30-minute free consultation with us so our debt recovery experts can evaluate your requirements and advise you precisely.
Accounts receivable collection refers to the process of collecting payments that are owed to a business by its customers for goods or services that have been delivered. This process typically involves sending invoices to customers, following up on unpaid invoices, and potentially taking legal action if necessary.
Debt collection, on the other hand, refers to the process of collecting payments from individuals or businesses that owe money to a creditor. Debt collectors may be hired by creditors to pursue payment on delinquent accounts.
Due diligence is important in debt collection because it helps to ensure that the debt being collected is valid and that the correct individual or business is being pursued for payment. Without proper due diligence, a debt collector may accidentally pursue the wrong person for a debt, or may attempt to collect on a debt that is not actually owed. This can cause financial hardship for the individual or business being pursued, and can also damage the reputation of the debt collector.
Conducting due diligence also helps to protect the creditor, as it ensures that they are not pursuing collection on a debt that has already been paid or that is not legally enforceable. This can save the creditor time and resources that would be wasted on pursuing an invalid debt.
In summary, due diligence is important in debt collection because it helps to ensure that the correct individual or business is being pursued for payment, and that the debt being collected is valid and legally enforceable.
Depending on the object of debt, our experts can advise you with the most appropriate course of action for recovering your debt.
If the debtor contacts you after you have placed the debt with a collection agency, it is important to refer them to the agency. The collection agency has been hired to handle the debt collection process on your behalf, and they will be able to communicate with the debtor and negotiate a repayment plan if necessary.
If the debtor wants to make a payment, they should be directed to the collection agency to do so. It is important to avoid accepting payments directly, as this can complicate the debt collection process and may cause confusion about the status of the debt.
If the debtor has any questions about the debt or the collection process, they should be directed to the collection agency for assistance. This will help ensure that the process is handled smoothly and efficiently, and that the debt is resolved in a timely manner.
Our debt recovery experts suggest that maintaining proper documentation, such as invoices, agreements etc., duly certifying all relevant documents and maintaining a record of all written correspondences and follow ups regarding the debt are the three key rules to safeguard your rights and being instantly prepared for initiating legal action.
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