How debt collection works in UAE?

Published On : March 15, 2022

Corporate Debt collections are mainly done by the in house accounts receivables departments or by debt collection agencies.. Some of the debt collectors operate as debt collection agencies, and some are also functioning closely associated with lawyers. A debt recovery agency can get all types of debt like credit card, medical, automobile loans, outstanding invoices, real estate, and even unpaid utility and cell phone bills. These agencies plays the role of a mediator, collecting customer's aberrant debts and remitting them to the original creditor.

Beveron Smart Debt Collection is the top debt collection management software used by debt collection firms, lawyers and debt collection departments. Smart Debt Collection software helps to consolidate all clients, debtors, follow ups, outstanding payments and payment settlements much efficiently.