Debt collection services

Prime legal LLC specialists have vast practical expertise in resolution of disputes connected with debts collection and will provide you with full range of legal services in the course of debt recovery starting from preliminary consultation and up to real receipt of the disputed amount. Our assistance will help you to avoid a lot of difficulties and solve your problems with debt recovery by all possible legal means.

Collection of debts of private individuals and legal entities are the most commonly encountered problems in the law enforcement practice, characterized by, first of all, open conflict between the parties on the issue of performance of their obligations. There are no standard solutions of this problem and the general procedure of debt recovery stipulated by the law without taking into consideration the law enforcement practice will hardly be useful for the creditor.

We provide full range of debt collection legal services including:

• Preliminary legal consultation
• Legal analysis of documentation and factual background
• Pre-trial procedure for regulating the conflict
• Claim procedure, including liaising with law enforcement bodies
• Filing of an action to the court of general jurisdiction or arbitration court
• Defense of the client’s rights at all stages of court proceedings including appeal and cassation instances
• Initiation of judicial act execution proceedings
• Drafting of an amicable agreement
• Real execution of judicial acts

Active and purpose-oriented attitude to our tasks solution, vast practical expertise including interaction with law enforcement bodies allow us to find the most efficient ways of solving various problems and reach positive results.

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Debt collection services for banks and non-banking lending agencies, insurance companies, housing and communal services companies.

Over last years there has been quite vivid growth of the volume of lending services in the banking sphere. Practically all loan portfolio holders encounter the problem of delay of repayment and non-repayment of debts. Different market players find various ways of solving the complicated task of recovering debts from clients in bad faith. Quite often banks provision in their lending policy non-repayment of debts by factoring the corresponding amounts into the interest rate and hidden commission fees on new loans, placing in this way their own risk on the clients in good faith. Such method cannot but entail growth of interest rates and decrease in competitiveness in the retail banking market. Other banks charge their employees with the huge responsibility of recovering debts (debt collection services), that requires considerable investments in their ancillary activities (special software, search for, training and employment of personnel) and indirectly makes customers feel less loyal to the bank. The third type of banks resort to outsourcing of this function from specialized debt collection agencies, which, being more purpose-oriented, are better motivated to make a debtor actually perform his responsibility and repay the debt.

We are ready to offer to your company law-based systematic (conveyer) program of collecting similar indisputable debts. Execution of the program includes: services of the call-center, pre-trial claim procedure, warrant proceedings, action proceedings and executive procedure. All this methods aim at one result – recovery of funds with minimum time spent and minimum expenses. In practice there are many cases of repayment of debts on loans by debtors on their own initiative as a result of our execution of pre-trial procedure, or a debtor may resume payments soon after a meeting with our employee or after receiving documents from court (an action, a summons to appear in court). In case a debtor does not show any good will to perform his responsibility and repay the debt, we pass a writ of execution for execution of a judicial act to be enforced by bailiffs, assist them in the search of both the debtor and his property. As a result a creditor recovers his property through exaction of the debt turned onto arrested property or salary (by regular deductions) until the debt is fully repaid. Our experience accumulated over long time of practice allows us to ensure collection of debts in the shortest time possible.

Debt collection services may be interesting to:

• Banks and non-banking lending agencies operating in the retail lending market;
• insurance companies, engaged in insuring financial risks in retail lending and insuring private property;
• housing and communal services companies;
• other legal entities having debtors both among private individuals and companies.

Fee for debt collection services is defined individually for each customer and depends on the number of debtors as well as on the amounts and terms of past-due debts.

To place an order for debt collection services click here.