In the beginning, we do our best and exert a great effort to negotiate in an amicable settlement way. To pay the amount to the creditor, we shall communicate through the recognized behavior before taking legal action against the debtor to recover the debt. hThe large procedures and stages of negotiation, and good experience in this field, make him familiar with debt collection work, in cooperation with law firms, as we are one of the debt collection companies that have the ability to consider the situation of the debtor’s case, and to develop a procedural plan and a schedule through which it is followed up on a daily basis. In order for bad debts to be collected as soon as possible, our team working in the Legal Services Department, cooperate with the Cases Department and law firms, in the first stage to deal with delinquency cases.

Debt collection by amicable settlement means is the consensual stage of debt collection from the debtor, if it becomes clear to us that he is unable to pay the full amounts due, then the matter may require a possible settlement that exceeds the advantages of immediate payment (at a reduced rate). Thus, you need a debt collection office that has extensive knowledge in cooperation with specialized law firms, in order to formulate a mutual amicable settlement agreement between both parties, in order to ensure that the debt is paid in full, or in the form of installments with determined due time between the two parties stated in the agreement.

Our specialized team negotiates with the debtor for the purpose of settling the debt, or as it is known as debt arbitration, debt negotiations or credit settlement, it is a method used to reduce the debt, as our team mediates between the two parties, to finally make the creditor and the debtor agree on a reduced balance – decreased – which is considered the full payment of debts as agreed upon. During the negotiation period, Hammurabi Debt Collection Company uses its influence and domination by threatening to resort to courts, in order to force the debtor to accept a one-time payment as a settlement with the creditor.

Also, Hammurabi Debt Collection Company searches for the debtor’s credit rating in advance before engaging in the negotiation process to settle and collect debts on behalf of the clients,  In the event that you reach the conclusion that the credit rating of the debtor decreased by a significant percentage, due to his failure to fulfill his financial obligations during the previous years, before initiating the settlement negotiations period, you may find that the negotiations useless, then escalate the situation from the amicable settlement to the judicial claim as soon as possible, in order to preserve the clients rights.

However, some clients, after consulting with our team, prefer to consider the risks of giving the debtor the opportunity to pay in installments, as a means of helping debtors as a last resort to reduce debt instead of bankruptcy of the debtor, which in turn leads to miss a good opportunity to collect debts.

Sometimes Hammurabi debt collection company has the ability to settle debts and convince the creditors to accept a settlement for less, in return for one full-payment.