AW Holding
Turkey To Middle East
What is AW Cross Border Center?
AW Cross border Center Is the international arm of AW Holding INT’L, AW Cross Border services offers the international market of 150+ countries holistic solutions that support the corporate world through its direct and indirect partnerships and networks in International Debt Management. Those solutions include AW Debt Management, AW Legal Debt Settlement, AW Credit Risk Advisory, AW Business Advisory, and Risk Management.
AW CBC Debt Management Promise.
AW Debt Management is more than just a leader in the category, we’re a partner that helps creditors and debtors around the world reach win-win situations.
- Comply with EU, US, and all other international standards and policies in the debt collection industry.
- Have a ‘No Win, No Fee’ policy.
- Hold a 45% – 55% success rate for more than 160,000 cases handled per year.
- Operate with competitive fees in the market.
- Offer complimentary expert consultation and ‘next-steps’ planning
AW CBC Debt Management Process.
AW Debt Management’s process for debt collection involves:
- Receiving cases and assigning them to the Collections Department within 2 days.
- Conducting careful analysis of the debtor’s situation.
- Communicating with the debtor via various channels.
- Conducting field visits if necessary.
- Preparing and submitting a progress report to the client within 15 days.
- Conducting a second field visit if necessary.
- Sending a legal notice with client consent as a final pre-legal negotiation technique if the amicable phase is not successful.
You can try by getting a free consultation to taste all the possible solutions by filling the form Click Here.
Turkey International Trade
The International trade between Turkey and the MENA (Middle East and North Africa) region, including the GCC (Gulf Cooperation Council) countries, has been significant in recent years. Turkey has been expanding its trade relations with the MENA region, especially with the GCC countries, which include Oman, Saudi Arabia, and the United Arab Emirates.
In 2020, Turkey’s total exports to the MENA region amounted to approximately $23.5 billion, The GCC countries accounted for a significant portion of this trade, with Turkey’s exports to the GCC countries reaching around $17.5 billion in 2020.
With this huge amount of trade between the two sides, delays of repayments for the purchased goods may occur that turn into defaults and can became bad debts at the end which may cause a lot of issues to the corporate operations and productions cycle and sometimes companies may declare bankruptcy due to the lack of cashflow pumping into corporates bank accounts.
Debt Collection in Turkey
This will take us to the international debt collection from the Middle East to Turkey that can be a complex process, with various legal and cultural considerations to take into account. When a company or individual in the Middle East owes money to a Turkish creditor, the creditor may need to engage in debt collection efforts to recover the outstanding debt.
The first step in international debt collection is often to send a demand letter to the debtor, outlining the amount owed and the consequences of non-payment. If this does not result in payment, the creditor may need to engage a debt collection agency to pursue the debt on their behalf.
If you came across to this point where you have to deal with a debt collection agency to collect your debts amicably, doing skip tracing to your debtors in the middle east, file a law suit or make legal debt settlement for your corporates or even doing business advisory and risk assessments.
All of that from one place well, you can consider AW CBC.