Pioneering one of its kind robotics platform to help our Clients navigate through the myriad complexities in expediting debt collection without having to pay exorbitant legal fees.
Whether in good or bad times, “cash is king” and “money-in-the bank” hold true for any entrepreneur regardless of the size of your business. No business wants to carry debts for a protracted time.
We simplify the collection process for our Clients and make it as painless as possible without compromising your business relationship with your debtors – we explore all avenues to collect in an amicable manner until we exhaust all means. Thereafter, the process may be more complicated, requiring legal advice over disputed amounts or insolvency, etc. For whatever collection predicament you are in, we will be on hand to guide you through your best collection options – purpose is of course to get “money-in-the-bank” for our Clients.
90% of debts get collected through amicable negotiations. Once a Letter of Demand is issued, it will go south – debtors will seek legal advice and there will likely be counter-claims or disputes. As such, we always advise our Clients to avoid issuing letter of demand as a last resort.
For a small mobilisation fee, we will activate the collection process for you. Thereafter, you will only need to pay us a success fee upon each tranche of collection.
Our standard process and documents to be issued to recover the debts are as follows:
This is a notification to inform the Debtor that the debt has been assigned to AiLegal who will henceforth take over the debt recovery process from the Client (Creditor)
This is an invitation to settle the Debt issued by AiLegal to the Debtor, asking the Debtor to propose a settlement schedule
This is a letter of demand to be issued to the debtor when early negotiations too settle fails.
This is to be only considered when attempts to settle and LOD fail ie. Debtor ignored correspondences and personal engagement