Legal expertise
Viable solutions
Robust and compliant strategies
AI-generated predictive analysi
Expediting the Debt Recovery Process with Precision
Each institution follows its unique procedures for legal action, but ensuring timely local action remains a significant challenge. Organizing and managing step-by-step legal processes while prioritizing the recovery objective is exceedingly difficult. Our centralized and decentralized legal teams are proficient in handling a range of matters, including issuing loan demand notices, digital notices under section 138, physical notices, mediation, arbitration, filing police complaints, and initiating lawsuits.
Here, success isn’t merely winning the lawsuit; it’s about recovering your money
Our objective is never to file complaints against your borrower, understanding the financial and mental burden of lengthy legal processes. However, when no alternative remains, we meticulously prepare a robust and just case in your favor, guaranteeing the return of your hard-earned money. Our victory is incomplete until we witness your funds restored to your account.
Approach Focused on Research
We conduct thorough research and review of the portfolio, comprehensively understand the borrower profile, and then determine the subsequent steps, instead of immediately initiating the process.
Tailored and Debt-Centric Strategy
We tailor our action plan for each client, taking into account their specific needs. After gaining a comprehensive understanding of the situation, we define the process and adhere to it meticulously to achieve optimal results.
Harnessing the Potential of Technology
We utilize technology, alternative data sources, and predictive analytics models to comprehend customer behavior and strategically work towards achieving maximum Return on Recovery (RoR).
Communication Channels
We listen to the debtor and develop a strong communication channel with the debtor. No foul or unethical collection methods: Rajpurohit Corporate Services Pvt. Ltd. is the leading business debt collection agency for using ethical methods and strategies for recoveries.
Other Solutions
Early Bucket
Equipped to manage high volumes with multilingual support, our omnichannel communication and digital payment systems allow us to surpass traditional agencies in service quality.
NPA Resolutions
With all tools for recovery in-house, obtain your outstanding account receivables ethically and efficiently through AI and data science-driven solutions, ensuring no disputes or illegitimate methods.
Legal Solutions
The finesse of efforts and ingenuity of strategy at Rajpurohit Corporate Services Pvt. Ltd. is complemented with legal services which ensures that entire collection process is under one umbrella.
Our Services
Nationwide Coverage
RBI Trained Professionals
Skilled Personnel
Robust Infrastructure
Cutting-edge Technology
Dedicated Field Coordinators
Advanced Tracing Methodologies
Specialized Teams
Compliance and Audit
Digitized Payment System
Multi-mode Calling
Regulatory Compliance
Testimonials
Our Clientele
Security is essential when money is present in the corridor. We adhere to all industry-standard compliance protocols, registrations, and legal procedures.
FAQ
Default occurs when a borrower fails to make timely payments according to a predetermined payment schedule. This could involve missing interest payments or failing to pay both interest and principal amounts. In simpler terms, default refers to when borrowers don’t pay their bills on time.
When a debt is not paid within the stipulated timeline, the lending institution typically initiates the debt collection process.
Furthermore, failure to pay your debt on time may result in various consequences. These could include incurring fines and interest charges, as well as facing additional fees for late payment or non-payment of debt.
Debt collection involves the pursuit of payments owed by individuals or businesses, encompassing overdue installments, penalties, incomplete obligations, or any outstanding charges.
An organization specializing in debt collection is known as a debt collection agency or debt recovery agency. These agencies work as per the process guidelines defined by lending institutions.
Debt collection agencies have the option to contact the borrower through various communication methods or conduct in-person visits as outlined by the lending institutions’ protocols.
If you have a debt with a creditor, you’re accountable for settling it. Nonetheless, there are numerous adverse outcomes associated with failing to repay overdue debts and having them sent to collections.
It’s crucial to verify the individual’s identity and confirm that the lending institution has authorized them to collect payments from you.
When you miss payments on the borrowed amount according to the agreed payment schedule, the default is reported to credit bureaus on a regular basis. Consequently, this default or delayed payment is noted on your credit report.
Lending institutions adhere to regulations set by regulators, thus your account is reported to credit bureaus accordingly. Default progresses through various stages, prompting financial institutions to take appropriate action.
A credit report provides a comprehensive record of your credit activities, detailing information about your loans and credit. These reports are acquired from credit bureaus.
Credit bureaus gather data from your creditors, which may include banks, NBFCs, credit card issuers, auto finance companies, or housing finance companies.
Defaulting on credit card or loan payments will have an adverse effect on your credit score. The longer your payments remain outstanding and the more frequently you miss them, the greater the negative impact on your credit score.
On the other hand, maintaining regular payments and a good credit score will result in a favorable credit report.