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Automated communication
Seamless process
Best industry experts
Result-oriented
Whether it is outright sale of NPA assets or it is security receipt based transaction, we can partner you from the initial stage itself. Identification of the right portfolio, first level understanding, partnering with the right ARC, preparing the entire deal structure, handling documentation and finalizing the deal- basically we create a win-win for both the parties.
Our in-depth understanding of retail asset portfolios and experience of working with different asset reconstruction companies, we can create the best value proposition for you. Our team has handled multiple transactions over the years which can be of great value if you are looking to sell or park the portfolio.
Qualified consulting support
Strength of our company lies in our human resources. We have a qualified and experienced team to handle all debt assignment transactions.
Track record of success
A custom approach to each debt assignment and unconventional solution has created an array of success for us and we are bound to maintain it.
Integrated debt solutions
From initiating the discussion to closure of the transaction, we work on every aspect of the deal to the satisfaction of both the parties.
Choose right asset reconstruction companies
We understand the retail lending business much better. Selecting the right partner is most important. Our engagement starts at a very early level of the deal and it remains there till the final closure.
Nobody comes close to touching the performance delivered by the ClearDu on 2W and 3W recoveries. Just awestrucked with the recoveries they do.
They are more than 50% better than traditional agencies.
ClearDu helped us successfully solve our constraint of digital payment options through their various integrations. Our customers are able to make digital payments with ease through ClearDu.
Quick turnaround. They are able to deliver results much faster without retaining accounts with them for too long. Will, for sure, refer it to many others.
With money in the corridor, security is a must.
We stand by all the industry standard compliance protocols, registrations, and legal procedures.
Default is when a borrower fails to make timely payment of the due amount as per a predefined payment structure. For example, it could be either interest payment or interest and principal amount payment.
In simple words, default is when the borrowers fail to pay bills on time.
A lending institution initiates the debt collection process.
Moreover, when you don’t pay your debt on time, you might find yourself in a situation where you have to pay fines and interest. You might also have to pay additional fees for late payment or non-payment of debt.
Debt collection is the process of pursuing payments of debts owed by individuals or businesses. It involves the collection of overdue installments, due penalties, imperfect obligations, or any other charges.
An organization specializing in debt collection is known as a debt collection agency or debt recovery agency. These agencies work as per the process guidelines defined by lending institutions.
Debt collection agencies can contact the borrower via different communication modes or make a physical visit as per the defined process by the lending institutions.
If you owe money to a Creditor, you are responsible for paying it. However, there are many negative consequences of not paying an overdue debt and going to collections.
However, it is essential to check the person’s identity and ensure that the lending institution authorizes the person to collect money from you.
When you fail to pay the borrowed amount as per the agreed payment schedule, the payment default is reported to credit bureaus periodically. Therefore, this default or delayed payment reflects in your credit report.
Every lender institution follows guidelines given/set by regulators. Accordingly, your account is being reported to credit bureaus. There are various stages of default. Therefore financial institutions take action.
A credit report is a history of your credit behavior and contains detailed information on your loan and credit. Credit Reports are obtained from Credit Bureaus.
Credit bureaus get information from your creditors, such as banks, NBFCs, credit card issuers, auto finance, or housing finance companies.
Any default in credit card or loan payments will negatively reflect your credit score. The longer your dues remain unpaid and the greater the frequency of unpaid bills, the harsher the impact on your credit score.
However, if your payment is regular and if your credit score is good, it will be considered a healthy credit report
