AW Holding
We provide amicable corporate debt recovery solutions to outstanding amounts regardless of the debt age and the status it holds. With 30 years of B2B Corporate financial recovery plans experience and accreditations by both the American and European Credit Management Associations, AW KSA Debt Management services is more than just a leader in the category, we’re a partner that helps creditors and debtors around the kingdom reach win-win situations.
Debt Management Promise
Our debt restructuring services in KSA is not built on providing more loans or credit to any of the sides but it’s practical model that help both the creditors and debtors reach a beneficially mutual agreement to settle the case with the following promises:
- Comply with EU, US, and all other international standards and policies in the debt collection industry.
- Have a ‘No Win, No Fee’ policy, which means we don’t charge any fees until the debt is collected.
- Maximizing debt recovery rates for bad debts to reach more than 45% – 55% success rate.
- Offer free expert consultation and ‘next-steps’ planning.
Debt Management Process
<!---->
<!-- -->
Worked on all modern browers
--> <!--CSS based responsive timeline
--> <!---
Case Assignment.
1Operations receives cases, logs them into the system, and assigns them to the Collections Department within two working days. -
Careful Analysis.
2The collection team starts with a careful analysis of the debtor’s situation by gathering background info on them and studying the case. -
Communication.
3The collection team then follows an effective collection procedure that starts with contacting the debtor via outbound calls, letters, messages, emails, field visits, etc. to clearly communicate the debt amount, status, and creditor details. -
Field Visits.
4Field visits are then conducted for significant cases by our in-house field visit team. Such visits can also be nationwide through our international partners in most parts of the world. -
Reporting & Plan Formation.
5Within 15 days after the first approach, an initial report is prepared and submitted to the client. The report contains details of the progress made, debtor feedback, and the settlement plan. -
Case Escalation.
6A second field visit is conducted by a different senior collector in case the debtor failed to respect the settlement plan and dates set. -
Pre-Legal Negotiation.
7As a final pre-legal negotiation technique and to exert further pressure, in case the amicable phase is not successful, the debtor receives a legal notice with the client’s consent to proceed.