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info@smartpalsolutionsltd.com
Number #1
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Loan Recovery

Our loan recovery strategies are in line with global best practices and have yielded great results over a long period of time.

STRATEGIES WE ADOPT IN DEBT RECOVERY

Our Organization has an enviable record in property and debt recovery. We maintain very close relationship with various Government Law Enforcement Agencies, Corporate Organisations and Financial Institutions in ensuring effective recovery of properties and debt.

The strategies we employ in our operation includes but not limited to:        

  • Moral Suasion (use of demand notice)
  • Subtle Threats
  • Persistent/ Pressure calls
  • Visitation
  • Loan work-out Negotiation
  • Coercion/ Persuasion
  • Use of Law Enforcement Agencies
  • Litigation/ Realization of pledge security

The above mentioned strategies have yielded tremendous results in our operations. Our strategy depends on the reaction/character of the debtor, the type and volume of debt.

We are positively confident that we will achieve great results for your firm, while operating within the bounds of law whenever we are given the opportunity to operate as your debt recovery agent. We use litigation as a last option resort and with our experience in this area; we usually obtain favourable court judgement for our clients at their expense.

REQUIRED DOCUMENTS FOR OUR DEBT RECOVERY

  • Detailed information on all debtors that will be allocated to us.
  • A representation of your firm assigned to us should there be confirmations on information in course of our duty.
  • Prompt update on all transactions with debtors from the date we start operation.
  • A letter of appointment, agreement and other relevant documents authorizing our firm to commence the operation of recovery on your behalf.
  • We shall require 20% commission on any recovery made for your firm.

OUR DUTIES

  • We will do everything within the ambits of the law excluding litigation at no extra cost to recover all debts/properties owed our clients. We shall carry out litigation with the consent and at the expense of our client.
  • We will employ professionalism, accountability and due diligence in the discharge of our duty.
  • Whatever we do, the interest of our client is paramount, and hence we will ensure orderly conduct in the interest of our client.
  • It is our tradition to deploy every resource within our disposal to ensure we deliver satisfactory services to our clients.

1B Alh. Hussein Sunmonu Street off Road 13 Lekki Phase 1 Lagos Nigeria +234 703 283 4994 Info@smartpalsolutionsltd.com