Welcome to Our Company Introduction
Who we are
Al Ittihad Debt Collection & Accounts Regulating Co. was established in 2008; The Company is staffed and managed by a professional team of ex bankers, financial experts and legal consultants. Our primary mission is to maintain the cash flow our clients through the retrieval of their outstanding debts from the market place, with the passage of time we have extended our services to overseas also. We provide the following services.
1. Hard Collection
This is the retrieval of delinquent amounts from Debtors after the due date for payment has passed. We firstly try to negotiate with the debtor in a effort to reach an amicable settlement should this fails we can if authorized secondly proceed through more formal channels which thirdly if again were unsuccessful would result in our instigating legal action against the debtor for the recovery of the outstanding debt.
2. Soft Collections
This is primarily an invoice management system service, tailor made to provide our clients customers with timely reminders of their outstanding debts and dates when payment is to be made. Should our clients customer fail to meet his obligation with regard to payment we will pursue payment through our Hard Collection services.
3. Skip Tracing & Legal Services
We are working in conjunction with the prominent internal and external advocates and legal consultants to meet the need of legal process and to trace the absconding defaulters if and whenever required.
4. Establishing and re-engineering the collection & recovery unit.
Collection setup services is primarily aimed for new companies whereas our services of collection and Re-engineering is geared to existing troubled and inefficient collection set-ups and we are also recommending the SOP’s and manuals for the same.
5. Credit Bureau (Market & Financial feedback)
To minimize cash flow risk and to keep our customers informed about the financial status of their potential clients our credit bureau is offering special services of credit information reports prepared purely on the bases of Data Management and SOWT analysis of current market situation.
We have found that by using our services to recover your debts you allow your employees to focus on the work they were employed to do and thus improve the overall efficiency and profitability of your company.
AED.350 against filing notification and obtaining copy of the rule.
Our commission is based on the age of the debt and calculated on amount recovered.
|Age of Debt.||% Commission|
|Less than 3 months||10%|
|> 3 months < 6 months||15%|
|> 6 months < 12 months||20%|
|> 12 months < 18 months||20%|
|> 18 months < 30 months||25%|
|> 30 months||As agreed|
The age of the debts is calculated from the due date of the invoice. Where the debt amount is more than 2,000,000 ( Two Million Dirhams) the commission may be negotiated with the management.
If you have any questions regarding the company or require any additional information please contact the undersigned. Ittihad Debat Collection Always committed to serve our customers in an Exceptional way.