After you are supplying us with all the relevant documents relevant to your bad/late debt (loan Agreement, cooperation agreement, invoices, way-bills, credit notes, etc.) We are accessing, evaluating and purchasing your debt in cession. Cession (legal term) or purchase of debts means that the right to claim on the particular debt or late payment is transferred from one creditor to another for remuneration.
The recovery of debts can be lengthy and complicated. CREDIT EXPERT purchases individual debts or the portfolios of debt cases in cession, thus reducing possible losses of creditors and ensuring fast recovery of the debt or late payment amounts.
Selling of Debt:
- Provides fast recovery of cash from the debt sold;
- Allows avoiding the lengthy, complicated and costly process of debt recovery in court/legal processing;
- Exempts the balance sheet of the company from the frozen assets;
- Reduces potential losses, allowing efficient use of the recovered money in business or private use.