Sequel Corporate Services Pvt Ltds also has a unique way of handling inactive and untraceable accounts.
We take into consideration the following factors in assessing accounts:
As a basic rule, the older the debt, the more difficult and expensive it is to recover.
The original documentation or proof of debt may be required.
The underwriting standard of the original issuer will determine the level of recovery.
The geographical location of the delinquent may affect recovery.
As soon as internal staff has exhausted their resources in actively pursuing accounts, it is time to outsource to us.
The length of time a debt has remained uncollected is the most important factor in determining the success of collection. Therefore, proactive measures should be taken to recover the debt.
Research has shown that proactive action in debt management delivers better returns. A debt left uncollected for a long period reduces the possibility of successful collection.
With this understanding, Sequel Corporate Services Pvt Ltds’ staff act promptly after receiving instructions from clients.