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Pan-India presence
Timely legal interventions
Timely legal interventions
Complete legal solution
NPA resolution processes often require legal proceeding and being one of the leading debt recovery agencies we have a strong and well-prepared legal team that come into action once all other legitimate methods of collection fail to push the borrower to pay your dues. Our team of expert advocates executes a smartly developed legal course for each borrower as per the requirement. Our smart platform is updated on a real time basis. Action items are determined based on mutual agreement.
With the supremely advanced technical platform, our strength in NPA resolutions comes from the data analytics and predictive algorithms gathered through deep research of the borrower type. We tackle all the hurdles of geographical spread, high-cost inputs, low- resolution rates, etc. to make debt collection not just easy but a reliable job too. Our journey towards being the best debt collection agency is traversing through all the loopholes in the industry with our experts mending them diligently and lawfully with in- depth understanding of legal procedures of the industry.
Experienced legal support
We utilize our strong legal recoveries framework to increase overall efficiency.
Digital notices
Our tech-enriched platform helps us send digital notices to the borrowers and also track the notices.
Responsive and mature mediation
When your debtor comes for discussion, we adopt mediation process for better recoveries.
Pan India Coverage
Our presence across India makes our services and solutions accessible to all the businesses at ease.
Result-oriented execution
Legal proceedings include, digital and physical notices, mediation, arbitration, arranging lokadalats, lodge police complaint and file a suit. The entire spectrum is managed centrally but delivered in a decentralized environment.
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
