Third Party Debt collection services Nigeria

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THIRD PARTY DEBT COLLECTION SERVICES

WHO WE ARE?

The global economy has become very impossible to predict these days as it puts a financial strain on businesses and individuals globally. As an organization, there is nothing really much you can do when you are following up on debts as it distracts you from your important business goals.

Qeeva Advisory Limited is a member of the Matog consulting group that deals with third party collection services. Business organizations and individuals are now fully aware that third party collection agencies is the most efficient and cost effective way of collecting the consumer and commercial debt of the creditor.

Instead of our clients handling the receivables without any external aid, Qeeva Advisory Limited will come in and provide a third party debt collection service to you or your organization. By doing this for you, your organization will have more time to focus on other activities which are core or important to your business. We make provision of asset management and debt collection services for various companies from different industries and sectors.

WHAT WE DO?

At Qeeva Advisory Limited, we provide third party collection services to all our clients.  The debt recovery service that we provide are performed by experienced, qualified and trained staffs. We understand that as a creditor who has rendered services to the debtor will be expecting to receive payment. This is why we are committed to using all the legal means that we have available to aid you in recovering your debt.

During the debt collection process, we carry out our work professionally and ensure that we do not damage the reputation of our clients. We also make provision of well detailed information to our clients at regular intervals about the process and results of the debt recovery process.

Our Services include:

  • Recovery of prolonged outstanding debts through persistent follow up techniques
  • Skip tracing i.e. tracking and tracing of missing debtors
  • Establishing of supple repayment plan for debt settlement
  • Monitoring of debt on regular basis for prompt collection
  • Negotiation with Creditors for Settlement
  • Acquisition and Sale of Distressed Assets
  • Restructuring under Arrangement with Creditors
  • Bi-lateral Debt Restructuring Liquidation
  • Enforcement of Security Interest Facility
  • Security and Credit Reviews for Lenders and Borrowers
  • Commercial third party debt collectors
  • Consumer third party debt collectors
  • Contingency third party debt collection
  • Outsourcing
  • Training and management of account receivables of our clients
  • Debtor Tracing
  • Investigations
  • Field Calls
  • Recovery through the Law Courts.

We apply the following methods as a firm that renders third party services:

  • Link Analysis
  • Establishing Ability to Pay
  • Pressure and Persuasion
  • Fraud Triangle
  • Involvement of LEAs

WHY YOU SHOULD HIRE US?

Competent professionals and experts

We have a trained team of professional debt collection experts who has years of combined experience in cases that has to do with third party debt collection. Our team will be fully responsible for monitoring all the debts as well as applying effective debt recovery practices

Focus on other activities

We help our clients free up their time and allow them focus their valuable time on things that are important as we require and acquire the debt for our clients

Wide array of services

We provide a wide array of third party debt collection services

No recovery No fee basis

We adopt the ‘’No recovery No fee” basis as we only collect a certain commission from the debt that we helped recover. All the procedures and processes costs will be borne by us except the cost for the legal action against the debtors

Rigid approach

Our approach to our client’s debtors would remain rigid but at the same time, courteous and friendly. This is to ensure that we do not create a fractured relationship between both parties

Confidentiality

We adopt strict confidentiality when dealing with our client’s debt recovery process. All the information that you disclose to us will be kept private and will not be revealed to another party

No upfront payment

There is no upfront payment whatsoever. We focus on the revenue that is received through commission on the debt recovered rather than the revenue that is generated from the legal action and billing

Ethical recovery process

We implement an ethical recovery process where we respect the relationship between our clients and the debtors.

Nationwide coverage

At Qeeva Advisory Limited, we have a nationwide coverage as all our third party debt collection services are not limited to any borders within Nigeria. We offer third party debt collection services to our clients in Nigeria including Lagos, Asaba, Warri, Yola, Abuja, Port Harcourt, Damaturu, Owerri, Enugu, Yenagoa, Ogun etc.

Dispute resolution skills and astute negotiation skills

At Qeeva Advisory Limited we have dispute resolution skills and astute negotiation skills when dealing in the process of the debt recovery

Instalment planning

We also have an instalment planning for the implementation of our third party debt collection services. The amount that the debtor is owing may not be fully paid at once, this is why we have an instalment planning that will allow the debtor pay weekly, monthly or bi-annually

Service tailored to your need

Our third party debt collection services are tailored to your specifications and needs as our client

OUR DEBT RECOVERY PROCESS

At Qeeva Advisory Limited, we implement the following six debt recovery process in providing third party debt collection services:

  • STEP ONE

The first step we take is to make phone calls or write letters professionally and ethically to the debtors. And if after making a written notification to the debtor, there is no positivity, we will then proceed to informing our clients

  • STEP TWO

We then proceed to send the claim that has been signed by our clients to our affiliated lawyers and if our lawyers deem it fit to take a legal action, we will proceed to requesting all the documents that will required for the legal action. Some of the documents we require are:

  1. The address of the person owing you (the debtor)
  2. The amount that is owed by the debtors
  3. Span or age of the debt
  4. A copy of the evidences showing the contract agreement, a copy of any acknowledgement email or correspondence from the debtor where he/she/it confirms to undertake the debt and other relevant documents
  5. Invoices
  6. Delivery Notes/Waybill
  7.  Statement of Account
  8. Work Orders
  9. Purchasing Order
  10. Letters of Awards of Contracts
  11. Agreements
  12. Offer and Acceptance of Loans
  13. Evidence of payments made
  14. Email correspondence
  15. Records of phone calls
  16. SMS Chats
  17. Demand notices
  18. Admittance by the debtors of the debts
  19. Undertakings
  20. Promissory notes
  21. Dishonoured cheques
  • STEP THREE

After the client has approved the legal action and has provided all the relevant documents that we requested for the legal action. The law suit will be prepared and filed. The client will pay for the cost of the legal action

  • STEP FOUR

The client complaint will be served on the debtors and respondent. If the Debtors file in a response, a discovery process will proceed and a trial date for the court will be fixed. In the case where the debtors do not respond, there will be a default judgement by our lawyers

  • STEP FIVE

After we achieve a positive judgement, our lawyers will file a Writ of Attachment or Levy Execution that will aid in locating the debtor’s assets and lay the steps that will bring about judgement through bank levies, garnishee orders, etc.

  • STEP SIX

The final step is to try to adopt an early out settlement by negotiating, mediating, and arbitrating on our client’s behalf in order to get either cash or collateral to avoid an expensive legal option and the time consuming factor. If the re-legal remedies and pre-legal collections falter, we will discuss the next legal actions to take with you

INDUSTRY SERVED

  • Manufacturers
  • Service Providers
  • ICT
  • Mining
  • Oil & Gas
  • Government agencies
  • Health Care
  • Finance & Insurance
  • Real Estate
  • Professional & Technical Services
  • Utilities
  • Entertainment
  • Market
  • Construction
  • Power
  • Agriculture
  • Transport
  • Trade: Import & Exports

FREQUENTLY ASKED QUESTIONS

Why should we engage Qeeva Advisory Limited?

We are Professional, Result-driven, ethical, dependable, client-focused, experienced, knowledgeable in Law, Commerce and Relationship Management.

What does it cost to engage us?

No upfront fees. We work on the principle of No Recovery, No fees. Our Client only bear Cost of Filing a Matter in Court. No Court appearance fees. We believe in recovering the debt. You don’t bear unnecessary legal cost should litigation recommended as an option to recover is accepted by you

What is the minimum no of account do you accept?

We have no minimum no of account receivable for us to recover

What is the minimum debt size?

₦1,000,000 or USD Equivalent

What type of debt do you accept?

We accept all types of debt

How long will your pre-legal recovery efforts take?

It depends on the case and situation of the debtor. The extent to which he is willing to settle the debt, admittance of the debt, disagree with the amounts owed, the financial situation of the debtor

What is your Debt Recovery Process?

Demand Letters, Reminders, Phone Calls, and Personal Visit on schedule, Memorandum of Settlement, Litigation & Enforcement of Judgments.

What is the Age of Debts you accept?

We accept debts not older than 6 years.

Do you provide Field Services?

We hold schedule meetings at times convenient with the Debtors. No field agents.

Is Documentation needed?

Yes. We require documentation to be able to know how to negotiate with the debtor, the nature of the debt, be put in position to get the debtor to admit the debt

What type of Documentation do I need?

Invoices, Delivery Notes/Waybill, Statement of Account, Work Orders, Purchasing Order, Letters of Awards of Contracts, Agreements, Offer and Acceptance of Loans, Evidence of payments made, email correspondence, records of phone calls, SMS Chats, demand notices, admittance by the debtors of the debts , undertakings, promissory notes, dishonoured cheques, etc. and also evidence that support the claim.

Do you offer Litigation Services if Pre-legal action fails to compel repayment of the debt?

Yes, we do in affiliation with a team of Legal Practitioners who work with us to deliver this service. Gainfully, no fees are paid for Court appearances.

Are collection fees legal to be added to the balance owed for both consumer and or commercial debt?

Yes, if same was incorporated in or contemplated by the Contract. Otherwise a victorious party in a litigation would be entitled only to Costs

Other Conditions?

We will be happy to accept recovery action for debtors in good financial standing and in a position to pay the debt or have assets that can be seized and auctioned in events we have to get them to pay through litigation and they failed to satisfy the judgment debt after mediation failed.

At Qeeva Advisory Limited, our team has years of experience including legal experts that has experience with courts processes that will help reduce legal costs for you.

Negotiating a debt settlement in Nigeria will require a high degree of knowledge, experts and skills from an organization that offers third party collection services like that of Qeeva Advisory Limited. In the process of carrying out our tasks, we have a dedicated team of Chartered bankers, chartered accountants, Lawyers, collection agents and consultants that will ensure you have a successful debt recovery process.

For more information on our third party debt collection services, you can contact us on 08023200801, 08075765799, Email: info@qeeva.com

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